Tali Resources Raises $7.5M IPO, Completes Initial Drilling at West Arunta
Tali Resources has completed its initial drilling program at the West Arunta Project, with assay results due soon, following a successful $7.5 million IPO and extensive geophysical surveys.
- Initial RC drilling completed at five West Arunta prospects
- Assay results expected in December quarter
- Ground-based gravity and passive seismic surveys conducted
- GSWA airborne magnetic and radiometric surveys underway
- Strong IPO raised $7.5 million; $5.1 million cash balance at quarter end
Exploration Momentum Builds at West Arunta
Tali Resources Ltd (ASX – TR2) has marked a significant milestone in its early-stage exploration journey with the completion of an initial reverse circulation (RC) drilling program at its flagship West Arunta Project in Western Australia. The program targeted five key prospects, Chilka, Lonar, Maton B, Maton C, and Gibson East, across a vast 4,000 square kilometre tenure approximately 500 kilometres south of Halls Creek.
While assay results from the 12 drillholes totaling 1,818 metres are still pending and expected in the December quarter, the completion of this drilling phase on schedule and within budget signals operational discipline and a methodical approach to exploration. These results will be pivotal in determining the mineral potential of the region, which is prospective for a range of deposit styles including iron oxide copper-gold, sediment-hosted copper, critical minerals, and orogenic gold.
Comprehensive Geophysical Surveys Enhance Targeting
Complementing the drilling, Tali has undertaken extensive ground-based gravity and passive seismic surveys covering 160 kilometres across four tenements. These surveys aim to refine geological understanding beneath the region’s thin cover sequences by identifying density contrasts and mapping bedrock depth, critical factors in detecting mineralisation signatures.
Adding to this, the Geological Survey of Western Australia (GSWA) has commenced detailed airborne magnetic and radiometric surveys over the entire West Arunta region, promising to deliver high-resolution data that will further sharpen exploration targeting. The integration of these datasets with existing gravity, magnetic, and airborne electromagnetic information has already informed the recent drilling campaign and will continue to guide future work.
Strong Capital Position Following IPO
On the corporate front, Tali Resources successfully listed on the ASX in July 2025, raising $7.5 million through its Initial Public Offering (IPO) at $0.20 per share. The company ended the quarter with a healthy cash balance of approximately $5.1 million, providing a solid financial foundation to advance its exploration programs.
Notably, Tali secured a $180,000 Exploration Incentive Scheme grant from the Western Australian Department of Mines, Petroleum and Exploration to co-fund drilling costs at the Maton prospects, underscoring government support for the project’s potential. The company remains focused on exploration and evaluation activities, with no development expenditures reported during the quarter.
Outlook and Strategic Focus
With assay results anticipated shortly and ongoing geophysical data processing, Tali Resources is poised to refine its understanding of the West Arunta mineral system. The company’s systematic approach, combining drilling, multi-method geophysics, and geological modelling, reflects a commitment to unlocking value in one of Australia’s emerging mineral provinces.
Meanwhile, Tali has also lodged a new exploration licence application, signaling an intent to expand its footprint and maintain a pipeline of prospective targets. As the company balances exploration expenditure with its available capital, market watchers will be keenly observing how these early results translate into tangible resource potential.
Bottom Line?
Tali’s next quarter will be critical as assay results and airborne survey data could redefine the West Arunta’s exploration narrative.
Questions in the middle?
- What do the upcoming assay results reveal about the mineralisation at the five drilled prospects?
- How will the new GSWA airborne survey data influence Tali’s exploration strategy?
- Is the current cash position sufficient to sustain ongoing exploration given expenditure trends?