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The latest announcement is out from R3D Resources Limited ( (AU:TAT) ).
Tartana Minerals Limited is in advanced discussions with Mt Garnet Mining Finance Pty Ltd to gain access to the Mungana Processing Plant, which could allow them to process their copper ore at a facility with a capacity of 600,000 tonnes annually. This arrangement could enhance Tartana’s operational capacity and potentially lead to sustainable production, with the possibility of future mining activities at the nearby King Vol mine. The collaboration involves shared maintenance costs and due diligence, aiming for a formal agreement by March 2025, which may significantly impact Tartana’s market positioning by leveraging the existing infrastructure.
More about R3D Resources Limited
Tartana Minerals Limited is a company involved in the mining industry, focusing primarily on copper and zinc resources. They have been working on defining open pit copper and zinc resources at their Tartana mining leases, along with conducting metallurgical test work for processing in conventional flotation plants.
YTD Price Performance: 12.50%
Average Trading Volume: 155,542
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$9.64M
For an in-depth examination of TAT stock, go to TipRanks’ Stock Analysis page.