Reported Earnings • Mar 17
First half 2023 earnings released First half 2023 results: Net loss: AU$19.7m (down 258% from profit in 1H 2022). Revenue is forecast to grow 59% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat. Price Target Changed • Mar 15
Price target increased by 25% to AU$1.17 Up from AU$0.94, the current price target is provided by 1 analyst. New target price is 409% above last closing price of AU$0.23. Stock is down 59% over the past year. The company is forecast to post earnings per share of AU$0.059 next year compared to a net loss per share of AU$0.0075 last year. Annuncio • Feb 15
Pantoro Limited (ASX:PNR) entered into a implementation deed to acquire Tulla Resources Plc (ASX:TUL) from Tulla Resources Group Pty Limited and others for approximately AUD 140 million. Pantoro Limited (ASX:PNR) entered into a implementation deed to acquire Tulla Resources Plc (ASX:TUL) from Tulla Resources Group Pty Limited and others for approximately AUD 140 million on February 13, 2023. As per the terms of the transaction, the consideration will be paid in stock. Tulla shareholders to receive approximately 4.96 Pantoro ordinary shares for every Tulla CDI held, and retain 100% interest in the Industrial Minerals assets. As part of the Scheme, Tulla shareholders will retain beneficial ownership of all Industrial Minerals. Tulla shareholders are expected to be issued a proportionate number of shares in an unlisted Australian proprietary company that will hold the Industrial Minerals assets for the Tulla shares they hold. The Merger will create a new mid-cap ASX-listed gold company. In support of the Merger, Pantoro is launching a two-tranche institutional placement of new fully paid ordinary shares in the Company to sophisticated and professional investors to raise AUD 75 million, Out of which, AUD 10 million will be used to fund the acquisition. The Merger, before the impact of the Pantoro capital raising will result in Pantoro’s shareholders owning in aggregate 51.5% and Tulla’s shareholders owning in aggregate 48.5% of Pantoro’s ordinary shares. The breakup fee for both parties is AUD 1.3 million.
Transaction is subject to regulatory approvals including ASX approval, consent from existing lenders, Tulla shareholders approval, Court approval, and other customary conditions. Tulla and Pantoro boards unanimously approved the transaction. Transaction is expected to close on June 30, 2023. James Nicholls, Alex Jones, Owen Alcorn, Robert Newman of DLA Piper acted as legal advisors, Amicaa Advisors acted as a financial advisor, and Computershare Investor Services Pty Limited acted as a registrar to Pantoro. Azure Capital acted as a financial advisor, Herbert Smith Freehills and Shakespeare Martineau acted as legal advisors to Resources Plc. Annuncio • Dec 21
Tulla Resources Plc has completed a Follow-on Equity Offering in the amount of AUD 20 million. Tulla Resources Plc has completed a Follow-on Equity Offering in the amount of AUD 20 million.
Security Name: CHESS Depository Interest
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 40,375,863
Price\Range: AUD 0.38
Discount Per Security: AUD 0.019
Security Name: CHESS Depository Interest
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 12,255,716
Price\Range: AUD 0.38
Discount Per Security: AUD 0.019
Transaction Features: Subsequent Direct Listing Price Target Changed • Nov 16
Price target decreased to AU$0.94 Down from AU$1.09, the current price target is an average from 2 analysts. New target price is 140% above last closing price of AU$0.39. Stock is down 34% over the past year. The company is forecast to post earnings per share of AU$0.059 next year compared to a net loss per share of AU$0.0075 last year. Price Target Changed • Nov 02
Price target decreased to AU$0.94 Down from AU$1.09, the current price target is an average from 2 analysts. New target price is 143% above last closing price of AU$0.39. Stock is down 27% over the past year. The company is forecast to post earnings per share of AU$0.059 next year compared to a net loss per share of AU$0.0075 last year. Annuncio • Oct 26
Tulla Resources Plc, Annual General Meeting, Dec 15, 2022 Tulla Resources Plc, Annual General Meeting, Dec 15, 2022. Agenda: Annual General Meeting. Annuncio • Sep 07
Tulla Resources Plc Provides Update of Project Construction and Mining Activities At the Norseman Gold Project Tulla Resources Plc provided an update of project construction and mining activities at the Norseman Gold Project (TUL 50%). The Company's asset is a 50% interest in the Central Norseman Gold Project (the "Project"), a historic gold province near the town of Norseman in the Goldfields of Western Australia, which commenced operations in 1935. The other 50% in the Project is held by ASX listed company Pantoro Limited through its wholly owned subsidiary, Pantoro South Pty Ltd. ("Pantoro South") via a farm-in and joint venture agreement dated 14 May 2019 ("FJVA"). Pantoro South is the Manager of the Gold JV. The Company owns 100% of the iron ore asset located at the Norseman Gold Project, subject to the terms of the Mineral Rights Deed entered into with Pantoro South. The Project is located at the southern end of the Norseman-Wiluna greenstone belt in the Eastern Goldfields Province of the Yilgarn Block in Western Australia, approximately 725 kilometres east of Perth, 200 kilometres south of Kalgoorlie and 200 kilometres north of Esperance. The Project comprises 154 near continuous mining tenements (including pending applications) over approximately 70 kilometres of strike covering approximately 750 square kilometres. The Project has produced in excess of 5.5Moz of gold since 1935 and is considered one of the high grade, large scale gold projects in Western Australia. The current Mineral Resource is 4.8 million ounces of gold with an Ore Reserve of 973,000 ounces. The Project is serviced by existing infrastructure supported by the local Shire and State infrastructure, with the new 1.0Mtpa carbon in leach processing plant due to recommence production in H2 2022. Annuncio • Aug 01
Tulla Resources plc Announces Green Lantern Mineral Resource and Ore Reserve Update Tulla Resources Plc announced an update to the Mineral Resource and Ore Reserve at the Green Lantern deposit, part of the Scotia Mining Centre at the Norseman Project (TUL 50%). Green Lantern lies approximately 270 metres to the south east of the Scotia Open Pit, and is open at depth and along strike to the south. The southern most drill line completed to date is typical of the Green Lantern deposit generally with no indication that the system is weakening along strike. The current drilling, which is designed to achieve spacing suitable for Ore Reserve calculation (nominally 25m x 25m), has continued to increase resource confidence infilling multiple lodes, and further refining understanding of the controls on mineralisation. The updated Green Lantern block model was utilised in conjunction with updated costs using the current contract rates and diesel price to confirm open pit economics. The Green Lantern open pit has a strike length of approximately 1,150 metres, and a stripping ratio of 8:1. The Ore Reserve consists of 3.3 Mt @ 1.5 g/t for 160,000 ounces Au of run of mine material, and an additional 1.0 Mt @ 0.8 g/t for 26,000 ounces Au of additional low grade material. In addition the life of mine plan incorporates 160 kt @ 1.3 g/t for 6,500 ounces of Mineral Resource in the Inferred category. The total life of mine plan includes 19,000 ounces. This Mineral Resource comprises Inferred Mineral Resources which are unable to have economic considerations applied to them, nor is there certainty that they will be converted to Measured or Indicated Resources through further sampling. Key changes in the Mineral Resource include: The Green Lantern Mineral Resource has increased by 83,000 ounces from the September 2021 statement, representing a 27% increase to the total inventory. Additionally 76% of the total Mineral Resource is in the Indicated Mineral Resource classification and has been informed by an additional 18,898 metres of drilling taking the total to 56,450 metres of drilling. The Company's asset is a 50% interest in the Central Norseman Gold Project (the "Project"), a historic gold province near the town of Norseman in the Goldfields of Western Australia, which commenced operations in 1935. The other 50% in the Project is held by Pantoro Limited through its wholly owned subsidiary, Pantoro South Pty Ltd. ("Pantoro South") via a farm-in and joint venture agreement dated 14 May 2019 ("FJVA"). Pantoro South is the Manager of the Gold JV. The Company owns 100% of the iron ore asset located at the Norseman Gold Project, subject to the terms of the Mineral Rights Deed entered into with Pantoro South. The Project is located at the southern end of the Norseman-Wiluna greenstone belt in the Eastern Goldfields Province of the Yilgarn Block in Western Australia, approximately 725 kilometres east of Perth, 200 kilometres south of Kalgoorlie and 200 kilometres north of Esperance. The Project comprises 154 near continuous mining tenements (including pending applications) over approximately 70 kilometres of strike covering approximately 750 square kilometres. The Project has produced in excess of 5.5Moz of gold since 1935 and is considered one of the higher grade, large scale gold projects in Western Australia. The current Mineral Resource is 4.8 million ounces of gold with an Ore Reserve of 973,000 ounces. Price Target Changed • Jul 29
Price target decreased to AU$1.08 Down from AU$1.18, the current price target is provided by 1 analyst. New target price is 94% above last closing price of AU$0.56. Stock is up 3.7% over the past year. The company is forecast to post a net loss per share of AU$0.02 next year compared to a net loss per share of AU$0.000005 last year. Annuncio • Jun 28
Tulla Resources plc Provides Norseman Gold Project Update Tulla Resources Plc provided an update of project construction and mining activities at the Norseman Gold Project (TUL 50%). Construction of the new 1 million tonne per annum processing plant has continued to progress as planned despite numerous COVID-19 cases on site during the past quarter. The Manager and GR Engineering site personnel have managed the challenges presented to date superbly, and completion is still expected during August. The project has been aided by the early procurement of all processing plant components during the approvals process, both expediting construction times and insulating the Joint Venture from the significant cost pressures now generally seen in the construction industry. Ancillary works including the power station upgrade, tailing storage facility expansion and bore field re-instatement are also continuing in line with the project schedule. Hampton Mining & Civil have successfully ramped up operations at the Scotia Mining Centre with clearing and other preparation works completed and primary mining activities well underway. Large scale grade control drilling programs are also ongoing at Green Lantern. Results to date have validated the Mineral Resource model with multiple zones of thick and often high grade mineralisation noted. In addition to mining operations being underway, the Joint Venture has continued to drill out the Green Lantern stage two mineralisation. An updated Mineral Resource and Ore Reserve is expected to be completed in the coming weeks. WestAuz Mining has commenced underground works, re-establishing services and preparing for the imminent commencement of concurrent decline rehabilitation and ore development. Ore development will commence this week, with three development jumbos to be active in the mine by August 2022. The Company's asset is a 50% interest in the Central Norseman Gold Project (the "Project"), a historic gold province near the town of Norseman in the Goldfields of Western Australia, which commenced operations in 1935. Price Target Changed • Apr 07
Price target increased to AU$1.18 Up from AU$1.08, the current price target is an average from 2 analysts. New target price is 96% above last closing price of AU$0.60. Stock is up 24% over the past year. The company is forecast to post a net loss per share of AU$0.015 next year compared to a net loss per share of AU$0.000005 last year. Annuncio • Apr 06
Tulla Resources Plc Announces an Update to the Mineral Resource Estimates and Ore Reserve at the Scotia Deposit Tulla Resources Plc ('Tulla Resources' or the 'Company') announced an update to the Mineral Resource Estimates and Ore Reserve at the Scotia deposit, which forms part of the Scotia Mining Centre and O'Brien's Underground at Mainfield at the Norseman Project. Increases in the Ore Reserve and Life of Mine Plan at Norseman will directly contribute to further mine life extension at Norseman. The Norseman Project Ore Reserve now stands at 12.9 Mt @ 2.2 g/t for 900,000 ounces, an increase of 49% since the October 2020 DFS (100%). Latest drill program focussed on Scotia Deeps, resulting in a 776% upgrade in the Scotia Underground Ore Reserve since completion of the DFS in October 2020. The Scotia Underground Ore Reserve now stands at 1.26 Mt @ 4.5g/t for 184,000 ounces. Current Life of Mine plan for the Scotia Underground mine, inclusive of blocks in the Inferred Mineral Resource category now stands at 1.44 Mt @ 5.1 g/t for 214,000 ounces. Mineralisation remains open in all directions. The total Scotia Mining Centre Mineral Resource now stands at 12.4 Mt @ 2.3g/t for 906,000 ounces. Mineral resources are well drilled with 70% of the Mineral Resource inventory in the Indicated category. The Scotia Deposit remains open to the north and at depth with no known geological features that could cause the orebody to terminate. Drilling along strike is ongoing. Additional work including verification of existing drill core and Mineral Resource modelling at the O'Brien's deposit has been completed. The O'Brien's deposit is due west of the Bullen underground mine with underground access substantially completed during previous operations. Development of O'Brien's will provide good access for drilling platforms for the high grade Crown Reef in the Mainfield. An updated O'Brien's Mineral Resource Estimate at Mainfield of 0.13 Mt @ 9.5 g/t Au for 40,000 ounces. O'Brien's Underground Reserve stands at 0.13 Mt @ 5.0 g/t Au for 21,000 ounces. Pantoro South Pty Ltd, the manager of the Norseman Project JV, has provided the following update of the Mineral Resources and Reserve at Scotia Mining Centre and Mainfield. The Scotia gold deposit is located approximately 25 kilometres south of Norseman and was discovered in 1893, seven months after the original find at the Maybell Deposit in the Dundas field. The historic production recorded from the Scotia mine from Central Norseman Gold Corporation production via open pit an underground mining between 1987 and 1996, was 811,000t @ 5.9 g/t Au for 155,000 ounces. The Scotia deposit is a key part of the Phase One DFS completed in October 2020, and since that time the JV has completed an extensive infill and extensional drilling program. During 2021 and into early 2022 an additional 55,647 metres of drilling from 91 reverse circulation and 85 diamond Core drill holes has been completed. Drilling during 2021/2022 has targeted the underground mineral resources at the Scotia deposit. The current drilling which is designed to achieve spacing suitable for Ore Reserve calculation (nominally 30m x 30m), has continued to increase resource confidence, infilling multiple lodes and further refining understanding of the controls on mineralisation. Annuncio • Mar 07
Tulla Resources Plc Announces Strong Drilling Results from Scotia Mining Centre Tulla Resources Plc provided a further update on high grade drilling results from ongoing growth drilling of the Scotia Deeps, Green Lantern and extension drilling at Scotia North at the Norseman Gold Project (TUL 50%). The drilling program which has been active since completion of the maiden Mineral Resource and Ore Reserve at Green Lantern in September 2021 is focused on extending the known mineralisation and converting to Indicated Mineral Resource and Probable Ore Reserve. An upgrade of the Mineral Resource Estimate and Ore Reserve for the Norseman Gold Project is imminent. The continued wide and high grade intercepts achieved at depths approaching 500 metres below surface confirm the view that the Scotia Orebody presents an outstanding high grade underground opportunity which can be substantially larger than currently defined. Additional high grade underground ounces would assist to further improve the robust outcomes of the Phase One Mine Plan, potentially extending mine life and increasing annual gold production. Drilling results received from Scotia Deeps since announcement of the maiden Ore Reserve in October 2020 include: 4m at 25.32 g/t Au from 203 m. 1.3 m at 14.09 g/t Au from 396.7 m. 3.28 m at 10.15 g/t Au from 303 m. 15.7 m at 6.8 g/t Au from 332 m. 1 m at 47.00 g/t Au from 346.7 m. 4 m at 5.2 g/t Au from 266 m. 2.1 m at 44.60 g/t Au from 322.9 m. 0.6 m at 70.65 g/t Au from 472.6 m. 4 m at 10.83 g/t Au inc. 0.7 m at 56.20 g/t Au from 437 m. 2.6 m at 6.51 g/t Au from 451.8 m. 5.25 m at 5.27 g/t Au from 155.75 m. 9.94 m at 7.24 g/t Au inc. 1.75 m at 17.38 g/t Au from 195.06 m. Resource development drilling has continued over the Green Lantern deposit, primarily focussed on the conversion of Inferred Mineral Resources to the Indicated Mineral Resource category to support further Ore Reserve upgrades. In addition to infilling the existing Mineral Resource, drilling is continuing to target mineralization south of the current Open Pit design, where drilling in 2021 identified mineralisation 300 metres to the south with results including: 3 m at 11.58 g/t Au from 61.0 m. 2 m at 4.19 g/t Au from 16.0 m. 10 m at 2.62 g/t Au from 94.0 m inc. 2 m at 9.97 g/t Au from 99.0 m. Scotia North Extensions: Following the detailed drone magnetic survey, which was completed over the entire Scotia Mining Centre, drilling has recommenced in extensions to the north of the Scotia open pit. Results continue to support the potential to extend the mineralisation to the North both at surface and at depth. Scotia Mining Centre: The Scotia Mining Centre is located approximately 25 kilometres south of Norseman and was discovered in 1893. The historic production recorded from the Scotia mine via open pit and underground mining was 811,000 tonnes at 5.9 g/t Au for 155,000 ounces. Scotia was actively mined from 1987 until 1996. Scotia hosts a number of Mineral Resource areas in close proximity, and several zones where high grade mineral occurrences have not yet been classified. The joint venture has been very successful in demonstrating the value of the Scotia Mining Centre, with a current Mineral Resource of 10,618,000 tonnes at 2.2 g/t Au for 753,000 ounces and Ore Reserve of 4,216,000 tonnes at 2.2 g/t Au for 298,000 ounces. Several new zones of prospective mineralisation have been identified by the joint venture to date. The mineralisation at Scotia is hosted by a shear zone that transects the Woolyeenyer Formation. The geological environment differs from that at Norseman, in that the stratigraphy has been subjected to higher metamorphic grades. Primary gold is located in shear zones with quartz sulphide veins predominantly pyrrhotite and is structurally controlled by closely spaced brittle faults of varying orientations. Norseman Gold Project (Tulla Resources 50%): The Company's asset is a 50% interest in the Central Norseman Gold Project (the "Project"), a historic gold province near the town of Norseman in the Goldfields of Western Australia, which commenced operations in 1935. The other 50% in the Project is held by ASX listed company Pantoro Limited through its wholly owned subsidiary, Pantoro South Pty Ltd. ("Pantoro South") via a farm-in and joint venture agreement dated 14 May 2019 ("FJVA"). Pantoro South is the Manager of the Gold JV. The Project is located at the southern end of the Norseman-Wiluna greenstone belt in the Eastern Goldfields Province of the Yilgarn Block in Western Australia, approximately 725 kilometres east of Perth, 200 kilometres south of Kalgoorlie and 200 kilometres north of Esperance. The Project comprises 152 near continuous mining tenements (including pending applications) over approximately 70 kilometres of strike covering approximately 750 square kilometres. The current Mineral Resource is 42.0Mt at 3.4 g/t Au for 4.5Moz with an Ore Reserve of 713Koz (100% basis) and the majority of Mineral Resources are on granted mining leases. The Project has significant exploration upside potential. The Project is serviced by existing infrastructure supported by the local Shire and State infrastructure, with a new 1.0Mtpa carbon in leach processing plant under construction and due to recommence production in August 2022. Major Estimate Revision • Feb 03
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -AU$0.01 to -AU$0.01 per share. Revenue forecast of AU$11.1m unchanged since last update. Metals and Mining industry in Australia expected to see average net income growth of 37% next year. Consensus price target up from AU$1.03 to AU$1.08. Share price rose 6.5% to AU$0.57 over the past week. Annuncio • Dec 08
Tulla Resources plc Provides Update on High Grade Drilling Results from Recent Step Out Drilling 300 Metres to the South of the Green Lantern Mineral Resource and the Ongoing Scotia Deeps Expansion Drilling Program Tulla Resources Plc provided update on high grade drilling results from recent step out drilling 300 metres to the South of the Green Lantern Mineral Resource and the ongoing Scotia Deeps expansion drilling program. The drilling is focused on extending the known mineralisation and converting current Inferred and Unclassified material to Indicated Mineral Resource and Probable Ore Reserves. As previously advised, a detailed drone magnetic survey has now been completed over the entire Scotia Mining Centre. The survey has generated several additional drill targets, including the continuation of the Green Lantern mineralisation along strike to the south of the current Mineral Resource. A step out line 300 metres to the south of the current Green Lantern Open Pit shell has returned high grade intercepts consistent with those seen in the existing Green Lantern deposit. Results returned on this line in two holes were: 3 m @ 11.58 g/t Au from 61.0 m.; 2 m @ 4.19 g/t Au from 16.0 m.; and 10 m @ 2.62 g/t Au from 94.0 m inc. 2 m @9.97 g/t Au from 99.0 m. Infill drilling continues in the Inferred areas of the existing Green Lantern Mineral Resource. Results have continued to meet model expectations and are included in the table of assays. The Scotia Orebody presents an outstanding high grade underground opportunity which is currently open in all directions below the planned open pit and has potential to be substantially larger than the currently defined mine plan. Additional high grade underground ounces will directly extend mine life and potentially increase annual gold production. The Scotia Mining Centre is located approximately 25km south of Norseman and was discovered in 1893. The historic production recorded from the Scotia mine via open pit and underground mining was 811,000 tonnes @ 5.9 g/t Au for 155,000 ounces. Scotia was actively mined from 1987 until 1996. Scotia hosts several Mineral Resource areas in close proximity, and several zones where high grade mineral occurrences have not yet been classified. The Norseman Gold Project joint venture has been very successful in demonstrating the value of the Scotia Mining Centre, with a current Mineral Resource of 10,618,000 tonnes @ 2.2g/t Au for 753,000 ounces and Ore Reserve of 4,216,000 tonnes @ 2.2 g/t Au for 298,000 ounces. The mineralisation at Scotia is hosted by a shear zone that transects the Woolyeenyer Formation. The geological environment differs from that at Norseman, in that the stratigraphy has been subjected to higher metamorphic grades. Primary gold is located in shear zones with quartz sulphide veins predominantly pyrrhotite and is structurally controlled by closely spaced brittle faults of varying orientations. The Company's key asset is a 50% interest in the Central Norseman Gold Project, an historic gold province near the town of Norseman in the Goldfields of Western Australia which commenced operations in 1935. The other 50% in the Project is held by ASX listed company Pantoro Limited through its wholly owned subsidiary, Pantoro South Pty Ltd. via a farm-in and joint venture agreement dated 14 May 2019. The Project is located at the southern end of the Norseman-Wiluna greenstone belt in the Eastern Goldfields Province of the Yilgarn Block in Western Australia. It lies approximately 725 kilometres east of Perth, 200 kilometres south of Kalgoorlie and 200 kilometres north of Esperance. The Project comprises 148 near continuous mining tenements (including pending applications) over approximately 70 kilometres of strike covering approximately 750 square kilometres. The Project has produced in excess of 5.5Moz of gold since 1935 and is considered one of the highest-grade large-scale gold projects in Western Australia. The current Mineral Resource is 42.0Mt @ 3.4 g/t for 4.5Moz with an ore reserve of 713Koz (100% basis) with the majority of Mineral Resources on granted mining leases. The Project has significant exploration upside potential. Many of the Mineral Resources defined to date remain open along strike and at depth, and many of the Mineral Resources have only been tested to shallow depths. In addition, there are numerous anomalies and mineralisation occurrences which are yet to be tested adequately to be placed into Mineral Resources, with several highly prospective targets already identified. The Project is serviced by existing infrastructure supported by the local Shire and State infrastructure. Construction has commenced on a new 1.0Mtpa carbon in leach processing plant with production scheduled to recommence in August 2022. The Company owns 100,000,000 shares in Pantoro Limited representing approximately 7.1% of the capital of Pantoro Limited. Annuncio • Sep 29
Tulla Resources Plc Provides Annual Mineral Resource and Ore Reserve Statement for the Norseman Gold Project Based on its 50% Interest Tulla Resources PLC provided its annual Mineral Resource and Ore Reserve statement for the Norseman Gold Project based on its 50% interest. Growth has been achieved by exploration and resource development drilling by the Joint Venture at the Norseman Gold Project (TUL 50%; PNR 50%). The main driver to growth has been the additional drilling activity at the Scotia Mining Centre at the Norseman Gold Project. The Green Lantern deposit at the Scotia Mining Centre has advanced from discovery to maiden Mineral Resource and Ore Reserve in thirteen months. In addition, drilling within the Scotia orebody within the current open pit design has converted a portion of the previously Inferred Mineral Resource to Indicated Mineral Resource and Probable Ore Reserve. Drilling at the Norseman Gold Project is currently focused on extensions to the Scotia Mining Centre, and expected additional Ore Reserve growth in that area during the coming six months with a number of high-grade results already released. The key Mineral Resource details are set out in the Mineral Resource tables in Appendix 1. Key changes in the Mineral Resource Estimate include: The Green Lantern Mineral Resource (Norseman Gold Project) has added 310,000 ounces to the total inventory replacing the previous Lady Eleanor Mineral Resource with the addition of the 37,700 metres of drilling. The Scotia Open Pit Mineral Resource (Norseman Gold Project) has seen an increase in the Indicated Mineral Resource category related to additional drilling. The Mineral Resource was compiled in accordance with the requirements of the JORC Code 2012 by Pantoro geologists under the supervision and review of the Competent Person. For further details on Mineral Resources refer to the Appendices of the announcement and the following ASX releases. 14 September 2021 - Green Lantern Maiden Mineral Resource and Ore Reserve (TUL Release). 12 October 2020 - DFS for the Norseman Gold Project (PNR Release). The Mineral Resource for the Norseman Gold Project has increased by 7% since the last public report. Significant exploration focus was placed on the Scotia Mining Centre following the discovery of the Green Lantern deposit located immediately to the south east of the existing Scotia open pits. Additionally, the Joint Venture has focused on increasing drill density at the Scotia deposit which has contributed to an increase in the Indicated Mineral Resource category within the proposed Scotia Open Pit design. The results returned from the Scotia Mining Centre are pleasing and provide confidence in the opportunity to continue to grow the Mineral Resource inventory at the Norseman Gold Project. Key changes in the Ore Reserve Estimate include: The Green Lantern Mineral Resource was optimised and an additional 110,000 ounces were added to the Ore Reserve. Drilling within the proposed Scotia Open pit shell resulted in conversion of 7,500 ounces from the Inferred to the Indicated category. The additional indicated material was converted to Ore Reserve The Ore Reserve was compiled in accordance with the JORC Code 2012 by Pantoro Mining Engineers (the Joint Venture Managers under the supervision and review of the Competent Person). For further details on Ore Reserves refer to the Appendices of the announcement and the following ASX releases. 14 September 2021 - Green Lantern Maiden Mineral Resource and Ore Reserve (TUL Release). 12 October 2020 - DFS for the Norseman Gold Project (PNR). Board Change • Sep 14
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Mike Anglin was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 12
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Mike Anglin was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 10
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Mike Anglin was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 06
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Mike Anglin was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jul 15
Tulla Resources plc Reports on the Recent Positive Drilling Results from the Historic Mainfield at the Norseman Gold Project Tulla Resources Plc advised that the Manager of the unincorporated joint venture of the Norseman Gold Project has reported on the recent positive drilling results from the historic Mainfield at the Norseman Gold Project (TUL 50%). The Project is located at the southern end of the Norseman-
Wiluna greenstone belt in the Eastern Goldfields Province of the Yilgarn Block in Western Australia. It lies approximately 725 kilometres east of Perth, 200 kilometres south of Kalgoorlie and 200 kilometres north of Esperance. The Project comprises 150 near continuous mining tenements (including pending applications) over approximately 70 kilometres of strike covering approximately 750 square kilometres. The Project has produced in excess of 5.5Moz of gold since 1935 and is considered one of the highest grade large scale gold projects in Western Australia. The current Mineral Resource is 35.0Mt @ 3.8 g/t for 4.24Moz with an ore reserve of 602Koz (100% basis) with the majority of Mineral Resources on granted mining leases. The Project has significant exploration upside potential. Recent Insider Transactions • May 12
Non-Executive Director recently bought AU$57k worth of stock On the 11th of May, Andrew Greville bought around 100k shares on-market at roughly AU$0.57 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Annuncio • Mar 17
Tulla Resources Plc has completed an IPO in the amount of AUD 78.3 million. Tulla Resources Plc has completed an IPO in the amount of AUD 78.3 million.
Security Name: CHESS Depositary Interests
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 87,000,000
Price\Range: AUD 0.9
Discount Per Security: AUD 0.03375 Annuncio • Mar 16
Tulla Resources Plc, Appoints Michael Anglin, as Non-Executive Director Antofagasta plc announced that Michael Anglin, a Non-Executive Director of the Company, has been appointed as a director of Tulla Resources plc, a quoted company with effect from 15 MARCH 2021.