Tarrina’s ASX Reinstatement Hinges on Meeting Key Conditions Post-Acquisition
Tarrina Resources has completed its strategic acquisition of Rox 1 and Rox 2 Pty Ltd, securing key gold projects across NSW and South Australia, while successfully raising $5 million and moving closer to ASX reinstatement.
- Acquisition of Rox 1 and Rox 2 completed
- Christmas Gift, Yongala, and Walparuta gold projects added
- Successful $5 million public capital raise
- Board reshuffle with new directors and CEO appointed
- Conditional ASX reinstatement received, trading to resume under TR8
Strategic Acquisition Expands Project Portfolio
Tarrina Resources Limited has marked a significant milestone by completing the acquisition of Rox 1 Pty Ltd and Rox 2 Pty Ltd. This move brings the Christmas Gift Gold Project in New South Wales and the Yongala and Walparuta Projects in South Australia under Tarrina’s control, substantially broadening its exploration footprint in two key Australian mining regions.
Capital Raise Fuels Growth Ambitions
Backing this expansion, Tarrina successfully closed a public offer that raised $5 million, hitting both its minimum and maximum subscription targets. The strong investor support underscores market confidence in the company’s growth strategy and the potential of its newly acquired assets.
Leadership Refresh Signals New Direction
Alongside the acquisition, Tarrina announced notable changes to its leadership team. Bryan Hughes and Guy Perkins have stepped down from the board, while John Mair and David Palumbo have joined as Non-Executive Directors. Greg Partington has been appointed CEO, bringing fresh executive experience to guide the company through its next phase. Francis De Souza remains as Non-Executive Chairman, providing continuity at the helm.
ASX Reinstatement on the Horizon
Crucially, Tarrina has received a Conditional Letter of Reinstatement from the Australian Securities Exchange, signaling approval to resume trading subject to certain conditions. The company is actively working with advisors and ASX to meet these requirements, with the exact reinstatement date yet to be confirmed. Once reinstated, Tarrina will trade under the ticker symbol TR8, marking a new chapter in its public market presence.
Looking Ahead
While the announcement sets a positive tone, investors will be watching closely for updates on the ASX reinstatement timeline and how Tarrina plans to develop its expanded project portfolio. The integration of the Rox assets and execution of exploration programs will be key to unlocking value in the months ahead.
Bottom Line?
Tarrina’s acquisition and capital raise lay a solid foundation, but the market awaits ASX reinstatement and project progress to validate its growth story.
Questions in the middle?
- When will Tarrina’s shares officially resume trading on the ASX?
- What are the near-term exploration plans and budgets for the newly acquired projects?
- How will the new leadership team shape Tarrina’s strategic priorities going forward?
