Non-Renounceable Entitlements Offer to Raise $2.2 million

• One for four non-renounceable rights issue priced at $0.035 per share
• Funds to be used for exploration and working capital
• Eligible shareholders can participate fully without dilution

Tambourah Metals Ltd (ASX: TMB) has announced a one-for-four non-renounceable rights issue to raise up to $2.2 million. The offer is priced at $0.035 per share, with each new share including a one-for-two unquoted option exercisable at $0.06. The proceeds will be used for exploration at various projects, including Bryah, Beatty Park South, Tambourah Gold, and Speewah North, as well as for general working capital. Eligible shareholders will have the opportunity to participate fully without dilution. The offer includes a top-up offer for eligible shareholders and a shortfall offer for other investors. The company will update the market if any changes occur to the offer timetable.

Tambourah Metals plans to use the raised funds for exploration activities and working capital, with a focus on its gold and critical minerals projects.