Tartana Minerals clarifies structure and approvals for $2.85m in convertible notes

R3D Resources Limited ( (AU:TAT) ) just unveiled an update.

Tartana Minerals Limited has clarified the status and structure of its convertible notes on issue, following shareholder approvals granted at its 2025 Annual General Meeting. The company confirmed that three classes of notes – 2025A, 2025B and 2025C – were approved and issued in line with ASX listing requirements governing both related-party and general placements.

The miner detailed that 1,650 2025A notes with a face value of $1.65 million were issued to directors and their associates under related-party rules, while a further 500 2025A, 500 2025B and 200 2025C notes, totalling $1.2 million in face value, were placed with unrelated investors. By spelling out the regulatory basis and composition of these securities, Tartana is providing transparency around its capital structure and funding arrangements, which is relevant for shareholders assessing dilution, governance and the company’s financial flexibility as it advances its exploration and development agenda.

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 mineral explorer and project developer with a substantial landholding in the Chillagoe region of Far North Queensland. Its portfolio includes mining leases and exploration tenements prospective for critical and strategic metals such as silver, copper, gold, antimony, zinc and tin, and it produces copper sulphate from the Tartana Mining Leases to support ongoing operations.

Average Trading Volume: 249,922

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$7.5M

For an in-depth examination of TAT stock, go to TipRanks’ Overview page.