Tartana Minerals launches plant upgrade to boost copper sulphate output

R3D Resources Limited ( (AU:TAT) ) has issued an update.

Tartana Minerals has begun a targeted upgrade of its copper sulphate pentahydrate plant, funded from a recent $4.5 million placement, to lift production capacity and improve reliability at its Tartana Mining Leases. The A$0.435 million program, centred on replacing the chiller circuit in the solvent extraction–crystallisation plant, is expected to be installed within about six weeks and support more consistent throughput of roughly 135 tonnes per month.

The company is benefiting from higher LME copper prices, with its mine-gate realised price now around A$5,000 per tonne under its Kanins International offtake, after selling more than 1,400 tonnes since May 2024 for $3.2 million in revenue. Additional growth is targeted by stacking higher-grade pit fill material, which test work indicates can be leached economically without crushing, providing extra feed to the plant and improving access to primary copper ore, thereby enhancing near-term output and long-term resource access for stakeholders.

The most recent analyst rating on (AU:TAT) stock is a Hold 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 ASX-listed resources company focused on copper production through its copper sulphate pentahydrate operation on the Tartana Mining Leases in New South Wales. The company processes copper-bearing material via solvent extraction and crystallisation, selling 100% of its output under an offtake agreement with Kanins International, with pricing linked to the LME copper price and supported by heap leach operations on site.

Average Trading Volume: 193,028

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$7.24M

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