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R3D Resources Limited ( (AU:TAT) ) has provided an announcement.
Tartana Minerals Limited has announced a joint venture with Alt Resources PLC to explore and develop its Queensland Strategic Metals portfolio, which includes projects focused on tin, tungsten, antimony, and rare earth elements. The venture involves Tartana selling a 50% interest in the portfolio to Alt Resources for A$2 million in shares and an additional $500,000 in convertible notes for initial exploration activities. This partnership aims to accelerate exploration efforts, particularly at the Daisy Bell tin-tungsten project, and potentially increase the market value of these resources. The joint venture is expected to enhance Tartana’s operational capabilities and market positioning while fostering a stronger relationship with Alt Resources.
More about R3D Resources Limited
Tartana Minerals Limited is involved in the exploration and development of strategic and critical metal projects, focusing on tin, tungsten, antimony, and rare earth elements in Far North Queensland. Alt Resources PLC is a UK-based mining royalty and streaming company that partners with mid-tier miners to provide alternative finance and operational support, focusing on the small and mid-cap resources sector in tier-one jurisdictions.
Average Trading Volume: 108,827
Technical Sentiment Signal: Buy
Current Market Cap: A$8.78M
For detailed information about TAT stock, go to TipRanks’ Stock Analysis page.