Tambourah Metals Extends Gold Mineralisation and Secures Critical Minerals Project
Tambourah Metals reports promising gold assay results from its Tambourah King drilling program and secures shareholder approval for a strategic acquisition targeting critical minerals at Speewah Nth.
- Completion of 11-hole RC drilling at Tambourah King with significant gold intercepts
- Shareholder approval granted for 80% acquisition of Speewah Nth Project focusing on antimony and other critical minerals
- Ongoing exploration at Shaw River targeting tin, tantalum, and rare earth elements
- Strong cash position of AUD 1.819 million maintained at quarter end
- Upcoming drilling and mapping programs planned across multiple gold and critical mineral projects
Tambourah King Drilling Advances Gold Exploration
Tambourah Metals Ltd (ASX:TMB) has delivered encouraging results from its recent reverse circulation (RC) drilling program at the Tambourah Gold Project. The 11-hole, 879-metre campaign targeted extensions of the lode-style quartz vein system at the Tambourah King prospect, building on successful diamond drilling conducted in 2024. Assay results received post-quarter reveal significant gold mineralisation over a strike length of 200 metres and to depths of 70 metres below surface, with highlights including 3 metres at 2.99 g/t Au and 2 metres at 3.68 g/t Au in hole TBRC25013.
The mineralised structure remains open along strike and at depth, suggesting further upside potential. Tambourah is preparing to drill adjacent historic high-grade prospects, supported by a WA government Exploration Incentive Scheme co-funded grant of up to $180,000. Geological mapping and sampling have been completed to better understand structural continuity between Tambourah King and nearby prospects such as Alexandria.
Strategic Acquisition of Speewah Nth Project Targets Critical Minerals
In a significant strategic move, Tambourah secured shareholder approval in February 2025 to acquire an 80% interest in the Speewah Nth Project, located in the Kimberley region of Western Australia. This project is notable for its polymetallic epithermal vein systems, with historic rock samples containing high-grade silver, copper, and notably antimony, up to 6% Sb in some locations.
The Speewah Dome hosts a complex hydrothermal system with potential for multiple mineralisation styles, including epithermal, orthomagmatic, and alkaline magma-related deposits. Tambourah’s immediate focus is on high-grade antimony targets along the eastern margin of the Hart Dolerite, an area with limited prior exploration for this critical mineral. The project benefits from proximity to Tivan’s Speewah Fluorite deposit, which has attracted major investment and infrastructure development.
Continued Exploration at Shaw River and Other Gold Prospects
Tambourah is advancing exploration at its Shaw River project, where bulk pegmatite samples have been collected to assess primary tin, tantalum, and rare earth element (REE) mineralisation potential. This follows historic alluvial tin mining in the area, with pegmatites along the Cooglegong Granite margin considered prospective for critical minerals.
Additional fieldwork at the Bryah Project and Cheela Gold Project in the Pilbara region has confirmed the presence of prospective greenstone units and shallow gold anomalies. Planned aircore and RC drilling programs aim to test historic high-grade gold intersections and structural targets, including at Beatty Park South and Cheela, where previous drilling by major miners identified significant gold grades.
Financial Position and Outlook
Tambourah Metals ended the quarter with a solid cash balance of AUD 1.819 million, reflecting prudent financial management amid ongoing exploration expenditure of approximately AUD 41,000. Payments to related parties, including directors, were disclosed as part of normal operational costs. No mining production or development activities were reported during the quarter, consistent with the company’s focus on exploration and project advancement.
Looking ahead, Tambourah plans to commence further RC and diamond drilling at Tambourah Gold Project in May, continue aircore drilling at Beatty Park South, and prioritize antimony drill targets at Speewah Nth. Geological mapping and sampling will also intensify at Shaw River and Tambina Gold Project to refine drill targets and assess supergene gold enrichment.
Overall, Tambourah Metals is strategically positioning itself at the intersection of gold and critical minerals exploration, leveraging government incentives and shareholder support to advance a diversified portfolio of projects in Western Australia.
Bottom Line?
Tambourah’s expanding footprint in gold and critical minerals exploration sets the stage for a pivotal 2025 drilling season.
Questions in the middle?
- How will pending assay results from 1m split samples impact the interpretation of gold mineralisation at Tambourah King?
- What are the timelines and capital requirements for advancing antimony targets at Speewah Nth to drilling?
- Could Tambourah’s focus on critical minerals attract strategic partnerships or joint ventures to accelerate development?