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Tyranna Resources Limited (ASX:TYX)

ALERT: Price-sensitive ASX Announcement for TYX
Current share price for TYX : $0.003 0 (0%)+
Announcement
Release
29 Jul 2025 3:41PM
Price at Release
$0.003
Full Release
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Summary
The Quarterly Activities/Appendix 5B Cash Flow Report for Tyranna Resources Limited for the quarter ended 31 December 2023 outlines the company's progress on its key projects, with a major focus on the Namibe Lithium Project in Angola. During the quarter, Tyranna completed the acquisition of Angolan companies holding the project interests, commenced a maiden drilling program targeting high-grade lithium-bearing pegmatites, and announced positive initial drilling results confirming the presence of spodumene. The report also details ongoing evaluation and planning for further exploration, as well as updates on corporate activities such as share placement to raise capital for exploration and working capital. The cash flow report presents the company's financial position, highlighting receipts, payments, and net cash used during the quarter, as well as anticipated future expenditures.
Key Points
  • Completion of acquisition of Angolan companies holding interests in the Namibe Lithium Project.
  • Commencement of maiden drilling program at Namibe Lithium Project targeting high-grade lithium-bearing pegmatites.
  • Initial drilling results confirmed the presence of spodumene, indicating potential for significant lithium mineralisation.
  • Planning and evaluation for further exploration and drilling activities ongoing at Namibe.
  • Share placement completed, raising funds to support exploration and working capital requirements.
  • Appendix 5B cash flow report details receipts, payments, and net cash used for the quarter ending 31 December 2023.
  • Operating activities mainly comprised of exploration and evaluation expenditure.
  • Anticipated further expenditure on exploration activities in the next quarter.
  • No production or development activities undertaken during the quarter.
  • Board and management updates including summary of corporate activities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.