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R3D Resources Limited ( (AU:TAT) ) has provided an update.
Tartana Minerals Limited is advancing its Tartana-MGMF Venture to process its primary copper resource through the Mungana processing plant, with a completed mine plan and production schedule, and refurbishment costs within budget. The company reported quarterly copper sulphate pentahydrate production of 135 tonnes, generating cash receipts of A$588,000. Exploration activities included drilling and sampling at various gold and copper projects, with pending assay results. Despite a late rain event impacting production, the company continues to progress its exploration and production initiatives, supported by a financing round raising $1.65 million.
More about R3D Resources Limited
Tartana Minerals Limited operates in the mining industry, focusing on copper production and exploration of critical metals in Far North Queensland. The company is engaged in the development and processing of copper resources, with a market focus on expanding its copper production capabilities and exploring gold and copper targets.
Average Trading Volume: 90,604
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$7.28M
Learn more about TAT stock on TipRanks’ Stock Analysis page.