During the quarter the Company completed an expanded drilling program beyond the Bluebird CopperGold discovery zone and targeted exciting new prospects along strike to the East and West of the highgrade Bluebird mineralisation1. The Company completed 51 Slimline RC drillholes for 3,654m over the Bluebird East and Perseverance prospects as well as 6 deeper RC drillholes for 2,166m targeting extensions of the Bluebird mineralisation. Assay results from the drilling are expected during the first quarter of 2025 (Calendar Q1 2025).
In addition, the Company also completed an extensive, shallow auger soil geochemistry program which covered a large proportion of the 5km extent of the Bluebird trend and added new prospect areas southwards towards the Company’s Babbler gold prospect2 .
In conjunction with the new soil geochemistry, a new close spaced infill gravity survey was conducted across the tenements. Gravity and magnetic geophysical surveys are highly effective exploration tools used extensively over many years in the Tennant Creek area. Analysis will be undertaken using the new soil auger data to generate drill targets for 2025 and beyond, targeting “Bluebird, Tennant Creek style CuAu-Bi Mineralisation”.
In October 2024, the Company announced a landmark Strategic Copper and Gold Alliance (the “Alliance”) with CuFe Limited and Emmerson Resources Limited to fast-track the development of copper and gold resources near Tennant Creek3 . Utilising the combined resources and potential of the partners, the Alliance aims to:
▪ Assess the viability of a single, multi-user processing facility in the high-grade copper and gold Tennant Creek region.
▪ Complete a Scoping Study on development options for the Emmerson and Tennant Minerals 100% owned deposits and the CuFe operated JV deposits (CuFe 55%/Gecko Mining Company P/L 45%), followed by a Pre-Feasibility study.
The Alliance commenced activities during the quarter, utilising the experienced technical resources available within each company, gathering information for the Scoping Study and analysing all historical metallurgical data held by the partners.
The Company ended the Quarter with $1.9M in cash reserves ensuring the Company can actively pursue its activities in 2025.
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About us:
Tennant Minerals Limited (ASX:TMS) is a successful exploration and development company with a strong track record of discovery in the Tennant Creek area of the Northern Territory.
Tennant Mineral’s key assets are the Barkly and Babbler Copper-Gold Projects, located approximately 45km east of the major copper-gold mineral field of Tennant Creek. The Company focus is the expansion and delineation of the greenfield Bluebird high-grade copper-gold discovery.
Tennant Minerals is accelerating to grow the discovery through drilling then establish Mineral Resources and drive the project through to development.
To learn more, please visit: https://tennantminerals.com/
Contact details:
For enquiries please contact:
Stuart Usher
Joint Company Secretary
M: +61 499 900 044
Tanya Newby
Joint Company Secretary
T: +61 (8) 9481 7833
Vincent Algar
CEO
T: +61 (8) 9481 7833
