Tali Resources has kicked off a broad aircore drilling campaign at its West Arunta Project, backed by a $3 million placement and a $270,000 government grant to fund further prospect testing.
- Extensive aircore drilling underway across 10 prospects
- Falcon airborne gravity survey completed; results pending
- GSWA magnetic and radiometric data integrated for targeting
- Second-half 2026 drilling planned at Khya, Don Juan, Alakol
- $3 million placement boosts cash to $5.2 million
Broad Aircore Drilling Campaign Underway
Tali Resources Ltd (ASX:TR2) has launched an extensive aircore drilling program targeting ten prospects at its West Arunta Project in Western Australia. The campaign focuses on gravity and magnetic anomalies near the Central Australian Suture, a major crustal-scale structure considered prospective for copper, critical minerals, and precious metals. Two prospects, Chilka and Hutt, are follow-up tests on previous geochemical anomalies, while the remainder are first-pass explorations of high-priority targets.
New Geophysical Data Enhances Targeting
Complementing the drilling, Tali completed a 1,800km2 Falcon airborne gravity gradiometry survey flown at 600m and 400m line spacing. The data, received late in the quarter, is currently under review to refine bedrock architecture and prioritise follow-up drilling. Additionally, the Geological Survey of Western Australia released detailed airborne magnetic and radiometric datasets covering the entire West Arunta tenure. These datasets are being integrated with gravity information to reassess existing prospects and identify new targets.
Second-Half Drilling Plans Supported by Government Grant
Looking ahead, Tali is planning additional drilling in the second half of 2026 at the Khya, Don Juan, and Alakol prospects. Khya features a large gravity-high anomaly within a magnetic-high zone along the Lake Mackay Fault Zone, an area with no previous drilling. The company secured a $270,000 Exploration Incentive Scheme grant from the Western Australian Department of Mines to co-fund drilling at Khya and the nearby Vanda prospect. Don Juan and Alakol lie within a 45km system of alkaline ultramafic dykes, with prior drilling intersecting aillikites containing anomalous rare earth elements. Historical rock chip sampling in the area recorded total rare earth oxide grades up to 4%, highlighting critical mineral potential.
Capital Raising and Financial Position
To support its exploration agenda, Tali completed a $3.0 million placement to institutional and sophisticated investors during the quarter. This capital injection boosted the company’s cash balance to approximately $5.2 million at 30 June 2026. The placement proceeds are earmarked for the ongoing multi-phase drilling campaign, transaction costs, and general working capital. Operating and exploration expenditures for the quarter totalled $886,000, aligning with the company’s IPO prospectus forecasts. No development activities were recorded this period.
Tenement Holdings and Corporate Governance
Tali maintains 100% ownership of 15 granted exploration licences covering about 4,000km2 in the West Arunta region, with several additional tenement applications pending. Payments to related parties, including director fees and associated costs, amounted to approximately $100,000 for the quarter. The company confirmed compliance with ASX listing rules and accounting standards in its reporting.
Bottom Line?
Tali’s systematic exploration and fresh capital position set the stage for critical assay results and target refinement in the coming months.
Questions in the middle?
- Will the Falcon gravity survey data confirm new high-priority drilling targets?
- Can the Khya prospect deliver rare earth mineralisation to justify further investment?
- How will assay results from the current aircore program influence Tali’s exploration strategy?