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R3D Resources Limited
(Sydney:TAT)
R3D Resources Limited (TAT) vs. iShares MSCI Australia ETF (EWA)
R3D Resources Limited Business Overview & Revenue Model
R3D Resources Limited Financial Statement Overview
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2022 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.40M | 1.76M | 8.80M | 10.49M | 196.50K |
| Gross Profit | -48.06K | 113.22K | 2.12M | 29.19K | 196.50K |
| EBITDA | -1.31M | -1.84M | -970.53K | -5.97M | -912.67K |
| Net Income | -2.62M | -2.59M | -1.43M | -6.35M | -885.15K |
Balance Sheet | |||||
| Total Assets | 12.36M | 12.44M | 14.30M | 11.28M | 178.69K |
| Cash, Cash Equivalents and Short-Term Investments | 143.60K | 123.20K | 125.80K | 1.15M | 49.05K |
| Total Debt | 3.26M | 1.77M | 2.09M | 715.11K | 835.68K |
| Total Liabilities | 7.54M | 6.50M | 7.49M | 4.30M | 1.25M |
| Stockholders Equity | 4.82M | 5.94M | 6.80M | 6.98M | -891.89K |
Cash Flow | |||||
| Free Cash Flow | -1.53M | -1.17M | -2.48M | -4.49M | -664.22K |
| Operating Cash Flow | -1.38M | 0.00 | 0.00 | 0.00 | 0.00 |
| Investing Cash Flow | -413.73K | -918.76K | -2.64M | -2.52M | 18.97K |
| Financing Cash Flow | 1.82M | 1.40M | 1.97M | 5.75M | 558.10K |
R3D Resources Limited Peers Comparison
R3D Resources Limited Corporate Events
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.
Tartana Minerals Limited has notified the market of the issue of 1,200 unquoted convertible notes, recorded under ASX security code TATAB. The notes were issued on 25 February 2026, with the filing lodged as a new Appendix 3G announcement on 27 February 2026, indicating an additional layer of convertible funding in the company’s capital structure.
The issuance of these unquoted convertible notes suggests Tartana is accessing structured finance that may later convert into equity, potentially affecting future share capital and investor dilution. While the announcement is limited in detail, it highlights the company’s ongoing use of capital markets instruments to support its operational or strategic funding needs, which stakeholders may monitor for implications on valuation and control.
The most recent analyst rating on (AU:TAT) stock is a Sell 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.
Tartana Minerals Limited has called an Extraordinary General Meeting to be held at its McMahons Point, New South Wales, office on 31 March 2026 at 1:00 pm AEDT, providing shareholders with a formal notice of meeting and sample proxy form. The company will also offer a livestream for remote attendees, but has clarified that online participants will not count toward quorum or be able to vote, underscoring the need for shareholders to lodge proxies or attend in person to exercise their rights.
The most recent analyst rating on (AU:TAT) stock is a Sell 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.
Tartana Minerals has outlined a 26-hole, 6,570 metre drilling program at its Nightflower Silver Project to underpin a maiden JORC 2012-compliant mineral resource estimate, primarily targeting the Digger Lode. The work aims to convert an existing conceptual exploration target of up to 5.36 million tonnes at significant silver-equivalent grades into a formal resource, enhancing geological confidence and potentially expanding known mineralisation.
The campaign will also test the 800 metre-long Terrace Lode IP anomaly, interpreted as a possible southern extension of Digger Lode, with drilling due to start in April 2026 and assays expected from May. Success could materially upgrade Nightflower’s resource base and strengthen Tartana’s position in the Chillagoe region, supporting its broader strategy to drill at least 10,000 metres across its portfolio in 2026 and potentially improving the project’s appeal to investors and strategic partners.
The most recent analyst rating on (AU:TAT) stock is a Sell 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.
Tartana Minerals Limited has issued a corporate update outlining its activities as a strategic and critical metals explorer centred on the Chillagoe region, highlighting its Tartana Mining Leases as key assets. The release reiterates that its exploration, resource and metallurgical information is compiled by a qualified Competent Person under the JORC Code, and confirms there is no new data materially affecting previously reported exploration targets and mineral resource estimates.
The company emphasises that visual estimates of mineral abundance are not a substitute for laboratory analysis, particularly where grades and impurities are critical to economic valuation. The update also includes standard risk and disclaimer language, underscoring uncertainties around future performance and market conditions while formally noting that the ASX release has been authorised by the board of directors.
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.
Tartana Minerals has advanced its application for exploration permit EPM 27220, with two sub-blocks now uncontested and moving into the Native Title advertising phase, covering the historic high-grade Montalbion and Victoria Amalgamated silver mines. These areas, known for silver-lead-zinc mineralisation and located near the company’s Mountain Maid and Comeno projects, are seen as strategically important to consolidating Tartana’s silver footprint in the region.
The company has reaffirmed the previously reported Exploration Target for its Nightflower silver project, which is based on historic drilling, rock chip sampling, earlier resource estimates and geophysical anomalies, and plans more than 10,000 metres of drilling in 2026 with a priority on its silver portfolio. Tartana is designing a drilling program at Nightflower to upgrade this target and intends to extend drilling to Montalbion and Victoria Amalgamated once EPM 27220 is formally granted, signalling a concerted push to grow high-grade silver resources and enhance its position in the Australian silver sector.
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.
Tartana Minerals Limited has updated the terms of a previously announced share placement, revising the attached option structure for investors participating in the capital raising. Under the new terms, investors will receive one quoted option for every two shares subscribed, with a total of 12,750,000 options exercisable at A$0.055 and expiring three years from issue, subject to shareholder approval.
The revised incentive package is designed to enhance the attractiveness of the placement while potentially providing additional future capital if the options are exercised. This adjustment may improve the company’s funding flexibility for its mineral projects and could influence investor interest and liquidity in Tartana’s securities once the options are listed on the ASX.
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.
Tartana Minerals has secured firm commitments for a $4.5 million capital raising via a discounted share placement, led by Alpine Capital and completed in two tranches, to fund an extensive 2026 drilling program targeting high‑grade silver and other critical metals, primarily at its Nightflower project in Queensland. The company plans more than 10,000 metres of drilling and will supplement exploration funding with cash flows from copper sulphate production, while also strengthening governance through the appointment of director Sonny Didugu and confirming continued director participation in earlier and current placements, signaling an aggressive growth and exploration strategy for the year ahead.
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.
Tartana Minerals Limited has requested and been granted a trading halt on its securities by the ASX as it progresses a material capital raising led by Alpine Capital. The halt will remain in place until either the company announces details of the funding or trading resumes on 10 February 2026, with Tartana indicating it has no further market-sensitive information to disclose at this time, signalling that the forthcoming capital injection could be significant for its funding position and future operations.
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.
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.
R3D Resources, via Tartana Minerals, has reported rock chip assay results from the Cardross project and surrounding ground (EPM 27735) that confirm high-grade copper, silver, indium and tungsten occurrences associated with its 502,000-ounce inferred gold resource. The assays, which include peak values of 11.4 g/t gold, 954 g/t silver, 13.3% copper and 95 g/t indium across multiple prospects, support the potential for valuable by-product credits and indicate multiple structurally controlled mineralised zones beyond the existing resource and exploration target. These results will guide targeted and scout drilling aimed at increasing and upgrading the current inferred resource and testing additional prospects such as Niugini Ridge, Spaniard and Argosy, potentially enhancing project economics and strengthening the company’s position in polymetallic exploration in the Chillagoe region.
The most recent analyst rating on (AU:TAT) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on R3D Resources Limited stock, see the AU:TAT Stock Forecast page.
Tartana Minerals Limited has released director interest notices detailing recent changes in its directors’ holdings, following the issue of 2025 Performance Rights, the issuance of convertible notes to three directors, and the lapse of options exercisable at $0.10 that expired on 31 December 2025. The update, which includes changes to indirect interests held through related parties and controlled entities, clarifies the current equity and note positions of the board, providing investors with greater transparency around director alignment and the evolving capital structure of the company.
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.
Tartana Minerals Limited, an ASX-listed copper producer with additional focus on zinc and gold in Far North Queensland, is progressing the development of its mining leases and exploration portfolio to expand its resource base and enhance shareholder value. The company has issued 1,500,210 fully paid ordinary shares without a prospectus under the Corporations Act and has confirmed its ongoing compliance with financial reporting and continuous disclosure obligations, stating there is no undisclosed information that investors would reasonably require to assess the company or the rights attached to the new securities, thereby maintaining regulatory transparency around the share issuance.
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.
Tartana Minerals Limited has announced that 31,996,950 options, each exercisable at A$0.10 and expiring on 31 December 2025, have lapsed unexercised, resulting in the cessation of these securities. The expiry of this large tranche of options modestly simplifies the company’s capital structure by removing a block of potential dilution for existing shareholders, though it also indicates that market conditions or the company’s share price did not support conversion before the deadline.
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.
Tartana Minerals Limited has lodged an application with the ASX for quotation of 210 new fully paid ordinary shares, issued on 31 December 2025. The small share issue arises from the exercise or conversion of existing securities and represents a routine capital adjustment, with limited immediate impact on the company’s overall capital structure but demonstrating ongoing compliance with ASX listing requirements.
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.
Tartana Minerals Limited has applied to the ASX for quotation of 1.5 million new ordinary fully paid shares, issued on 24 December 2025, following prior disclosure of the proposal in July 2025 and shareholder consideration at the 2025 AGM. The additional shares, once quoted, will expand the company’s listed equity base and may enhance liquidity in its stock, reflecting continued use of equity markets to support its operational and strategic funding needs.
Tartana Minerals Limited has completed a $1 million share placement, issuing 20 million fully paid ordinary shares without a prospectus under provisions of the Corporations Act. In its cleansing statement, the company confirmed it is compliant with financial reporting and continuous disclosure obligations and that there is no undisclosed information material to assessing its financial position, prospects or the rights attached to the new securities, providing regulatory clarity and comfort for investors regarding the new shares on issue.
Tartana Minerals Limited has received $1 million from a new investor under a previously announced $1.275 million equity placement, with the balance to come from director participation subject to shareholder approval in 2026, and notes that the placement price represents a premium to the company’s recent trading levels. The funds will be used in part to redeem $0.9 million of matured convertible notes, reducing net debt, while a large tranche of unlisted options is set to expire at year-end and nearly 6 million shares plus additional options will come out of voluntary escrow on 29 December, collectively reshaping the company’s capital structure and potentially affecting liquidity and ownership dynamics for investors.
Tartana Minerals Limited, listed on the ASX under the code TAT, operates in the minerals sector, though this announcement provides no additional detail on its specific projects or commodities. The company has notified the market that 90 TATAR convertible notes have ceased following their repayment or redemption without conversion on 22 December 2025, signaling a small reduction in its outstanding convertible debt and a minor simplification of its capital structure.
Tartana Minerals Limited has applied to the ASX for quotation of 20 million new fully paid ordinary shares under the code TAT, with an issue date of 22 December 2025. The new securities, which stem from transactions previously flagged to the market, will expand the company’s quoted share base and may enhance its capacity to fund ongoing activities and improve liquidity for investors, marking a modest but notable adjustment to its capital structure.