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Tyranna Resources Limited ( (AU:TYX) ) has shared an announcement.
Tyranna Resources has completed the acquisition of a 75% interest in Angola’s Chinguar Gold Project and commenced early-stage fieldwork, including geological appraisals of artisanal mining sites and an orientation stream-sediment geochemistry program aimed at tracing the primary sources of alluvial and lateritic gold currently being recovered by local garimpeiros. At its Namibe Lithium and Caesium Project, the company is awaiting approval of a statutory extension of its prospection title while preparing to resume fieldwork focused on mixed spodumene–pollucite mineralisation at the Muvero and Loop prospects, with ongoing exploration funded under its Sinomine Resources agreement and supported by cash reserves of $1.73 million and no debt at quarter-end.
The most recent analyst rating on (AU:TYX) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Tyranna Resources Limited stock, see the AU:TYX Stock Forecast page.
More about Tyranna Resources Limited
Tyranna Resources Limited is an ASX-listed exploration company focused on demand-driven metals in Angola, with key interests in gold at the Chinguar Gold Project in Huambo Province and lithium and caesium at the Namibe Project’s Muvero Prospect within the Giraul pegmatite field. The company targets underexplored but historically mineralised regions, leveraging modern exploration techniques to advance projects in gold and battery metals, supported by a debt-free balance sheet and exploration funding arrangements such as its agreement with Sinomine Resources for Muvero.
Technical Sentiment Signal: Sell
Current Market Cap: A$10.1M
Learn more about TYX stock on TipRanks’ Stock Analysis page.