Tanami Gold NL: Strong Financials and Promising Drilling Results

Tanami Gold NL ( (AU:TAM) ) just unveiled an update.

Tanami Gold NL’s quarterly report highlights a robust financial position with $21.325 million in available cash and a significant stake in Northern Star Resources Limited. The Central Tanami Project Joint Venture, in which Tanami holds a 50% interest, continues to focus on exploring and developing gold deposits. Recent drilling activities have returned promising results, particularly from the Western Dolerite and Hurricane-Repulse sites, although some results are still pending. The onset of the wet season in northern Australia paused drilling activities, which are expected to resume in May 2025.

More about Tanami Gold NL

Tanami Gold NL operates within the mining industry, focusing primarily on gold exploration and development. The company is engaged in a joint venture to develop the Central Tanami Project, aiming to exploit gold deposits such as the Groundrush Gold Deposit.

YTD Price Performance: -6.67%

Average Trading Volume: 864,902

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$32.9M

See more data about TAM stock on TipRanks’ Stock Analysis page.