Tambourah Metals has reported impressive high-grade gold intersections at its Bryah and Tambourah projects, alongside significant critical mineral discoveries at Speewah North, supported by a $5.2 million capital raise to advance exploration.
- High-grade gold intersections up to 92.2g/t at Beatty Park Sth
- Significant antimony, silver, and copper mineralisation at Speewah North
- Diamond drilling confirms continuity of gold lodes at Tambourah King and Alexandria
- $5.2 million raised through placement and option conversions
- Planned drilling programs targeting new gold and critical mineral zones
Strong Gold Results at Bryah and Tambourah
Tambourah Metals Ltd (ASX – TMB) has delivered a robust quarterly update, highlighting exceptional exploration results from its Bryah and Tambourah gold projects in Western Australia. At the Beatty Park South prospect within the Bryah Project, recent aircore drilling returned standout intercepts including 24 metres at 18.8 grams per tonne gold, featuring a remarkable 4 metres at 92.2 grams per tonne. These results build on earlier high-grade intersections and suggest a structurally complex gold system with potential for further discovery.
Diamond drilling at the Tambourah King prospect, part of the Tambourah Gold Project, confirmed high-grade mineralisation with a 1.31-metre intercept grading 38.4 grams per tonne gold at approximately 75 metres depth. Additional drilling at Alexandria and Young Australian prospects also intersected gold-bearing quartz lodes, reinforcing the continuity of mineralised zones and supporting plans for resource definition drilling.
Critical Minerals Potential at Speewah North
Beyond gold, Tambourah is advancing its critical minerals strategy at the Speewah North project, located in a geologically prospective region known for antimony, silver, and copper. Surface sampling programs validated historic data, revealing polymetallic mineralisation with antimony grades as high as 9.16%, silver up to 1910 grams per tonne, and copper concentrations exceeding 14%. These findings underscore the project's potential to contribute to critical mineral supply chains, a growing focus amid global demand.
The company has identified seven priority drill targets within the Chapman-Haydens corridor, where mesothermal-epithermal vein systems appear to control mineralisation. First-pass reverse circulation drilling is planned to test these targets, pending weather and heritage approvals.
Capital Raising Strengthens Financial Position
Tambourah Metals bolstered its balance sheet during the quarter, completing a placement of over 35 million shares at 8.5 cents each, raising $3 million before costs. This included strategic participation from Tribeca Investment Partners, a respected global resource investment fund. Additionally, the conversion of nearly 50 million options injected a further $2.2 million, bringing the company's cash reserves to approximately $6 million at quarter-end.
Exploration expenditure for the quarter was $406,000, reflecting the company's active drilling and sampling programs. With no mining production or development costs incurred, Tambourah remains focused on advancing its exploration pipeline.
Looking Ahead – Drilling and Development Plans
Looking forward, Tambourah plans to continue testing new gold targets at Beatty Park South with additional aircore drilling, alongside deeper reverse circulation drilling to extend known high-grade zones. At the Tambourah Project, infill and step-out drilling will aim to close gaps in the resource model and expand mineralisation at Alexandria, Young Australian, and Kushmattie prospects.
In the critical minerals space, site preparation is underway for the Speewah North RC drilling campaign targeting polymetallic veins. Heritage clearances remain pending for some sites, which will be critical to maintaining the exploration timeline.
Bottom Line?
Tambourah Metals’ latest results and capital raise position it well to unlock value from both gold and critical minerals, but upcoming drilling and heritage approvals will be key to sustaining momentum.
Questions in the middle?
- Will the planned RC drilling at Speewah North confirm the extent of critical mineralisation?
- How will heritage clearance timelines impact the pace of exploration activities?
- What is the potential scale of the high-grade gold zones at Beatty Park South and Tambourah King?