Tanami Gold NL Quarterly Activities Review
Key points
- Completion of Rights Issue raising $70.5 million (before costs).
- Groundrush Exploration Decline contractor selected with works starting in August 2026.
- Resource definition drilling recommenced at Jims Gold Mine.
- Site infrastructure upgrades and recruitment of key personnel progressed.
Full summary
Tanami Gold NL (ASX:TAM) reported completion of a rights issue raising $70.5 million (before costs), with major shareholders fully taking up their entitlements. The company selected Macmahon Underground Pty Ltd as the contractor for the Groundrush Exploration Decline, with site works scheduled to commence in August 2026. Resource definition drilling recommenced at Jims Gold Mine, completing 2,184 metres across 16 RC drill holes. Infrastructure upgrades, camp refurbishment, and recruitment of key personnel also progressed ahead of planned development activities.
Guidance
Tanami Gold NL held cash reserves of $75.943 million as at 30 June 2026.
Outlook
Tanami Gold NL expects to continue its exploration and development activities, with a focus on the Groundrush Exploration Decline and Jims Gold Mine.
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