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The latest announcement is out from R3D Resources Limited ( (AU:TAT) ).
Tartana Minerals’ latest quarterly report outlines progress across its Far North Queensland copper-gold portfolio, highlighted by high-grade rock chip sampling at the Cardross project, which supports the existing inferred mineral resource estimate and suggests potential by-product credits from silver and indium. Copper sulphate pentahydrate output fell to 153 tonnes due to lower pond grades and chiller issues compounded by wet-season access constraints, but leach testwork on in-pit fill indicates scope to economically expand production at relatively low cost by restacking higher-grade material onto existing heaps. The company is also advancing the Mungana Venture Agreement, attracting interest from potential financiers or partners for a larger-scale processing plant, and is considering the partial sale of a 50% stake in Queensland Strategic Metals to Alt Resources in exchange for scrip and a convertible note to fund early exploration, while CEI-supported drilling at Beefwood has been deferred to mid-2026 due to weather. Collectively, these steps position Tartana to leverage stronger copper and gold prices, enhance near-term chemical production revenues, and accelerate exploration to grow its resource base and strengthen its funding options.
The most recent analyst rating on (AU:TAT) stock is a Hold with a A$0.04 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 developing copper and gold projects in Far North Queensland, with additional exposure to silver, indium and tin. Its operations include copper sulphate pentahydrate production from heap leach facilities and the advancement of exploration and resource definition at projects such as Cardross, Mungana and Beefwood, targeting growth into a leading regional copper-gold producer.
Average Trading Volume: 103,164
Technical Sentiment Signal: Hold
Current Market Cap: A$11.08M
Learn more about TAT stock on TipRanks’ Stock Analysis page.