Avira Secures Third Licence at Tangadee, Reports 9.57m @ 3.82g/t Au at Puolalaki
Avira Resources has broadened its Tangadee Project footprint in Western Australia and confirmed significant gold and nickel mineralisation at its Puolalaki Project in Sweden, setting the stage for upcoming drilling campaigns.
- Acquisition completed for third exploration licence at Tangadee Project
- Three high-priority target areas identified for copper-zinc and copper-nickel sulphides
- Field assessments confirm accessible terrain and ongoing native title discussions
- Puolalaki Project review reveals substantial high-grade gold and nickel mineralisation
- Shareholders approve capital raising authority to support exploration activities
Expanding the Tangadee Footprint
Avira Resources Limited has successfully completed the acquisition of a third exploration licence (E52/4413), expanding its Tangadee Project in Western Australia's Ashburton region to three granted licences covering 779 square kilometres. This strategic expansion consolidates Avira's position in a geologically prospective area straddling the faulted contact between the Edmund and Collier Basins.
Following a comprehensive technical and field review, Avira has pinpointed three compelling target areas within these licences. These targets are associated with late-time electromagnetic conductors detected by VTEM surveys, situated at structural intersections and fold hinge zones known to be conducive to sediment-hosted copper-zinc and magmatic copper-nickel sulphide deposits. A recent field trip confirmed straightforward access to these sites and established positive engagement with local station owners, although native title surveys remain underway.
Puolalaki Project, High-Grade Gold and Nickel Insights
Across the globe in Sweden, Avira’s Puolalaki Project continues to reveal promising mineralisation. The project, centered on a synorogenic gabbro intrusion, hosts nickel-copper-cobalt mineralisation alongside significant high-grade gold zones within surrounding metasedimentary and metavolcanic rocks. Recent reinterpretations of historic data and results from Avira's 2023 drilling campaign have confirmed the presence of multiple gold-bearing vein sets and arsenopyrite veins, indicating a robust mineralising system open at depth and along strike.
Notably, drill hole PUO23005 intersected 9.57 meters at 3.82 grams per tonne gold, highlighting the potential for a major gold discovery. The company is advancing geological modelling to better understand the orientation of mineralised lenses and is planning infill drilling to test both up-dip and down-dip extensions.
Financial and Corporate Developments
On the corporate front, Avira convened a shareholder meeting in May 2025, securing approval for a placement authority to raise up to $1 million. This capital raising is intended to fund ongoing and future exploration activities. The company reported $50,000 in exploration expenditure for the quarter and maintains a cash balance of $338,000, reflecting prudent financial management amid active project advancement.
While no substantive mining production occurred during the quarter, Avira’s focused exploration efforts and strategic acquisitions position it well to unlock value from its diverse portfolio. The company continues to review additional opportunities across gold and base metals, signaling an appetite for growth beyond its current projects.
Bottom Line?
Avira’s expanded exploration footprint and high-grade discoveries set a promising stage, but upcoming drilling results and capital raising execution will be critical to sustaining momentum.
Questions in the middle?
- When will Avira commence drilling on the newly acquired Tangadee licence and what are the expected timelines for assay results?
- How might native title survey outcomes impact the pace of exploration activities at Tangadee?
- What are the company’s next steps to advance the Puolalaki Project towards resource definition and potential development?
