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The latest update is out from R3D Resources Limited ( (AU:TAT) ).
Tartana Minerals has outlined a 26-hole, 6,570 metre drilling program at its Nightflower Silver Project to underpin a maiden JORC 2012-compliant mineral resource estimate, primarily targeting the Digger Lode. The work aims to convert an existing conceptual exploration target of up to 5.36 million tonnes at significant silver-equivalent grades into a formal resource, enhancing geological confidence and potentially expanding known mineralisation.
The campaign will also test the 800 metre-long Terrace Lode IP anomaly, interpreted as a possible southern extension of Digger Lode, with drilling due to start in April 2026 and assays expected from May. Success could materially upgrade Nightflower’s resource base and strengthen Tartana’s position in the Chillagoe region, supporting its broader strategy to drill at least 10,000 metres across its portfolio in 2026 and potentially improving the project’s appeal to investors and strategic partners.
The most recent analyst rating on (AU:TAT) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on R3D Resources Limited stock, see the AU:TAT Stock Forecast page.
More about R3D Resources Limited
Tartana Minerals Limited is an Australian exploration company focused on silver and polymetallic deposits, with a key asset in the Nightflower Silver Project in Queensland. The company is one of the largest tenement holders in the broader Chillagoe exploration district and is targeting epithermal Ag-Pb-Zn-Cu-Au mineralisation, with potential porphyry systems at depth.
Average Trading Volume: 153,937
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$9.38M
For a thorough assessment of TAT stock, go to TipRanks’ Stock Analysis page.