Tartana Minerals Raises $1.81m in Partial Completion of Placement

An announcement from R3D Resources Limited ( (AU:TAT) ) is now available.

Tartana Minerals Limited has issued 60,486,419 fully paid ordinary shares, raising about $1.81 million before costs as a partial completion of the second tranche of its February 2026 placement. A further approximately $1.71 million is scheduled to be completed on 13 April 2026, and the company has confirmed compliance with its continuous disclosure obligations and that no additional material information has been withheld from investors.

The cleansing statement under Section 708A(5) of the Corporations Act enables the new shares to be traded without a prospectus, indicating that Tartana remains in good standing with its reporting requirements. This capital raising supports the company’s ongoing exploration, project development and production activities in critical and strategic metals, reinforcing funding for its growth plans in Far North Queensland.

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 Australian explorer and project developer with substantial landholding in the Chillagoe region of Far North Queensland. Its portfolio includes mining leases and exploration tenements targeting 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 while advancing exploration and development.

Average Trading Volume: 321,169

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$7.5M

See more insights into TAT stock on TipRanks’ Stock Analysis page.