Announcement • May 29
Tartana Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 4.665 million. Tartana Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 4.665 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 32,346,915
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0021
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 60,486,419
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0021
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 36,666,664
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0021
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,500,000
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0021
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,500,004
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0021
Transaction Features: Subsequent Direct Listing Announcement • Apr 21
Tartana Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.95 million. Tartana Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.95 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 32,346,915
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0021
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 60,486,419
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0021
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,500,000
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0021
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Apr 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Market cap is less than US$10m (AU$8.87m market cap, or US$6.31m). Minor Risk Revenue is less than US$5m (AU$2.8m revenue, or US$2.0m). Reported Earnings • Mar 22
First half 2026 earnings released: AU$0.008 loss per share (vs AU$0.006 loss in 1H 2025) First half 2026 results: AU$0.008 loss per share (further deteriorated from AU$0.006 loss in 1H 2025). Revenue: AU$1.47m (down 30% from 1H 2025). Net loss: AU$1.80m (loss widened 78% from 1H 2025). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. New Risk • Feb 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (AU$10.2m market cap, or US$7.17m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Revenue is less than US$5m (AU$3.4m revenue, or US$2.4m). Announcement • Feb 10
Tartana Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 4.5 million. Tartana Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 4.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 32,346,915
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0021
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 117,653,085
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0021
Transaction Features: Subsequent Direct Listing Announcement • Nov 25
Tartana Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.275 million. Tartana Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.275 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,500,000
Price\Range: AUD 0.05
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Reported Earnings • Oct 01
Full year 2025 earnings released: AU$0.01 loss per share (vs AU$0.017 loss in FY 2024) Full year 2025 results: AU$0.01 loss per share. Revenue: AU$3.40m (up 96% from FY 2024). Net loss: AU$2.62m (loss widened 1.1% from FY 2024). New Risk • Sep 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.5m free cash flow). Earnings have declined by 0.6% per year over the past 5 years. Market cap is less than US$10m (AU$7.07m market cap, or US$4.65m). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Shareholders have been diluted in the past year (17% increase in shares outstanding). Revenue is less than US$5m (AU$2.5m revenue, or US$1.6m). Announcement • Aug 12
Tartana Minerals Limited, Annual General Meeting, Nov 19, 2025 Tartana Minerals Limited, Annual General Meeting, Nov 19, 2025. Location: at thecompanys offices, 169 blues point road, mcmahons point nsw 2060., Australia Announcement • Jul 04
Tartana Minerals Limited Announces Resignation of Jihad Malaeb as Director, Effective 4 July 2025 Tartana Minerals Limited announced that Mr. Jihad Malaeb has tendered his resignation as a director of the Company, effective 4 July 2025, following a three-year tenure. Mr. Malaeb steps down from the board to allow him to focus on other business interests and family commitments. Reported Earnings • Mar 19
First half 2025 earnings released: AU$0.006 loss per share (vs AU$0.006 loss in 1H 2024) First half 2025 results: AU$0.006 loss per share (in line with 1H 2024). Revenue: AU$2.09m (up 55% from 1H 2024). Net loss: AU$1.01m (loss widened 5.8% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. New Risk • Mar 15
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.5m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 0.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Market cap is less than US$10m (AU$9.42m market cap, or US$5.96m). Minor Risk Revenue is less than US$5m (AU$2.5m revenue, or US$1.6m). New Risk • Feb 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 41% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 7.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Market cap is less than US$10m (AU$10.1m market cap, or US$6.40m). Minor Risk Revenue is less than US$5m (AU$1.7m revenue, or US$1.1m). New Risk • Jan 31
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 7.5% per year over the past 5 years. Market cap is less than US$10m (AU$8.31m market cap, or US$5.16m). Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Revenue is less than US$5m (AU$1.7m revenue, or US$1.1m). Announcement • Oct 10
Tartana Minerals Limited (ASX:TAT) entered into a non-binding agreement to acquire Queensland Strategic Metals Pty Ltd. Tartana Minerals Limited (ASX:TAT) entered into a non-binding agreement to acquire Queensland Strategic Metals Pty Ltd on October 10, 2024. The consideration consists of 25 million common equity of Tartana Minerals Limited to be issued for common equity of Queensland Strategic Metals Pty Ltd. The consideration shall consist of 25 million shares of Tartana Minerals Limited, 12.5 million options of Tartana Minerals Limited and granting 1.5% Net Smelter Royalty over EPM 27239, EPMs 25713, 26974, and EPMA 28755 to Queensland Alluvial Resources Pty Ltd, a demerged entity of Queensland Strategic Metals Pty Ltd. The deal is subject to execution of binding formal documentation and shareholder approval. The transaction is also subject to regulatory approval and consummation of due diligence investigation. Reported Earnings • Oct 02
Full year 2024 earnings released: AU$0.02 loss per share (vs AU$0.01 loss in FY 2023) Full year 2024 results: AU$0.02 loss per share (further deteriorated from AU$0.01 loss in FY 2023). Revenue: AU$1.74m (down 80% from FY 2023). Net loss: AU$2.59m (loss widened 81% from FY 2023). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. New Risk • Oct 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 23% per year over the past 5 years. Market cap is less than US$10m (AU$6.99m market cap, or US$4.84m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Revenue is less than US$5m (AU$6.8m revenue, or US$4.7m). Announcement • Oct 01
Tartana Minerals Limited, Annual General Meeting, Nov 29, 2024 Tartana Minerals Limited, Annual General Meeting, Nov 29, 2024. Announcement • Jul 17
Tartana Minerals Limited Appoints Shuyi (Kiara) Wang as Director, Effective July 17, 2024 Tartana Minerals Limited announced that Ms. Shuyi (Kiara) Wang has been appointed a director of the Company, effective July 17, 2024. Ms. Wang was nominated to be a director by Ms. Jing Sun, who represents an interest of 9.9% of Tartana acquired through participation in the underwriting of the Rights Issue. Ms. Wang is an accomplished emerging leader with a strong academic and professional background. She holds a Bachelor of Arts majoring in Philosophy from The University of Melbourne and is currently pursuing a Juris Doctor at the prestigious Melbourne Law School. In addition to her academic endeavours, Ms. Wang has gained valuable practical experience working at a renowned Chinese law firm, and has had significant past exposure to the operation of listed companies through her father's work. Ms. Wang is also a competitive professional athlete having previously been ranked as high as sixth in Australia in Women's Sabre. Announcement • Apr 30
Tartana Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.523716 million. Tartana Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.523716 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,277,828
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 18,196,488
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Transaction Features: Rights Offering Reported Earnings • Mar 20
First half 2024 earnings released: AU$0.006 loss per share (vs AU$0.01 loss in 1H 2023) First half 2024 results: AU$0.006 loss per share (improved from AU$0.01 loss in 1H 2023). Revenue: AU$1.35m (down 60% from 1H 2023). Net loss: AU$955.9k (loss narrowed 34% from 1H 2023). New Risk • Mar 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.2m free cash flow). Earnings have declined by 23% per year over the past 5 years. Market cap is less than US$10m (AU$4.57m market cap, or US$3.00m). Minor Risks Shareholders have been diluted in the past year (6.6% increase in shares outstanding). Revenue is less than US$5m (AU$6.8m revenue, or US$4.5m). Board Change • Dec 28
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Michael Thirnbeck was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 11
R3D Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million. R3D Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Transaction Features: Rights Offering Announcement • Oct 24
R3D Resources Limited, Annual General Meeting, Nov 27, 2023 R3D Resources Limited, Annual General Meeting, Nov 27, 2023, at 11:01 AUS Eastern Standard Time. Location: 169 Blues Point Road Mcmahons Point New South Wales Australia Agenda: To receive the Company's financial statements and the reports of the Directors and the Auditor for the financial year ended 30 June 2023; to consider and approve the Non-binding resolution to adopt the Remuneration Report; to consider and approve the election of Director; to consider and approve Special Resolution to Change Company Name; to consider ratification of issue of shares; to consider and approve the Convertible Note Issue to Jihad Malaeb; to consider and approve the Convertible Note Issue to Yaputri Pte Ltd; and to consider and approve the Additional 10% Placement Capacity. Reported Earnings • Sep 30
Full year 2023 earnings released: AU$0.01 loss per share (vs AU$0.059 loss in FY 2022) Full year 2023 results: AU$0.01 loss per share (improved from AU$0.059 loss in FY 2022). Revenue: AU$8.80m (down 16% from FY 2022). Net loss: AU$1.43m (loss narrowed 77% from FY 2022). Announcement • Sep 21
R3D Resources Limited (ASX:R3D) completed the acquisition of Nightflower Silver Project from Tom Saunders. R3D Resources Limited (ASX:R3D) exercised its option to acquire Nightflower Silver Project from Tom Saunders for AUD 0.36 million on October 12, 2022. Exercise price of AUD 250,000 payable in R3D Shares priced at 10 cents per share, being 2,500,000 R3D Shares and escrowed for a 12-month period from their date of issue, will be subject to Ministerial approval being granted for tenement transfer; Additional payments of AUD 100,000 payable in R3D Shares at the previous one-month VWAP for each 1 Moz Ag Eq increase in resource, with a minimum cut-off grade of 50 g/t Ag Eq, above a base resource of 25 Moz Ag Eq to a maximum of 32 Moz (thus being no more than a further AUD 700,000 if the resource meets or exceeds 32 Moz) and; AUD 50,000 payable in R3D Shares at the previous one-month VWAP in the event that the resource exceeds 32 Moz Ag Eq with a minimum cut-off grade of 50 g/t Ag Eq. Additional payments are subject to R3D’s release of a JORC 2012 compliant resource reported to ASX that meets the criteria disclosed above. Completion to occur on or around October 17, 2022.R3D Resources Limited (ASX:R3D) completed the acquisition of Nightflower Silver Project from Tom Saunders on September 20, 2023. Reported Earnings • Mar 17
First half 2023 earnings released: AU$0.01 loss per share (vs AU$0.049 loss in 1H 2022) First half 2023 results: AU$0.01 loss per share (improved from AU$0.049 loss in 1H 2022). Revenue: AU$3.35m (down 55% from 1H 2022). Net loss: AU$1.44m (loss narrowed 70% from 1H 2022). Announcement • Feb 16
R3D Resources Limited Announces Maiden Queen Grade Zinc Resource R3D Resources Limited announce a maiden resource for the Queen Grade zinc deposit which is located within the Tartana Mining Leases. The zinc skarn mineralisation is located away from the recently announced copper resource associated with the open pit and northern oxide zone, however the mineralisation may be related to the same porphyry at depth. Similar high grade zinc skarn mineralisation occurs at the adjacent King Vol mine some 650 m to the southwest and which is owned by Aurora Metals Limited. Bluespoint Mining Services Pty Ltd. ("BMS") has estimated a maiden zinc resource for the Queen Grade deposit based on recent and historical drilling. As reported to the ASX on the 11 July and 21 October 2022, drillhole TDH24 reported a downhole intersection of 12m at 10.7% Zn from 160.7m and confirmed mineralisation continuity at depth. Further drilling has been completed since TDH 24 and these data have been included in this mineral resource estimate. BMS has estimated the following inferred mineral resource for the Queen Grade zinc deposit at various zinc cutoff grades. The contained zinc is not overly sensitive to changes in the zinc cutoff grade reflective the massive and banded sulphide nature of the mineralisation. The mineralisation is hosted in sequence of steeply dipping limestones, andesite, bedded cherts and arkosic sandstones and with the gossanous material at surface representing he weathered sulphide rich skarn. The inferred mineral resource dimensions have been estimated within a 130m (strike) by 20m (width) by 160m (depth) volume. Zinc mineralisation extends to over 900 m depth at the neighbouring King Vol mine and it is expected that the Queen Grade zinc mineralisation is likely to continue to substantial depths beyond the 160 m depth used in the current mineral resource estimate. The Company has previously commissioned Core Resources Pty Ltd. to conduct flotation testwork on a composite sample from Drill hole TDH 22. The testwork indicated high zinc recoveries of >98% to a concentrate grading 42% zinc with its initial rougher flotation testwork. The sample tested (from 5 m of TDH 22) assayed 16.1% Zn, 0.25% Cu and 0.57% Pb. Core Resources also report that the flotation kinetics were fast with recoveries achieved in 2 minutes in the laboratory tests at a primary grind of 80% passing 75 microns. Work is ongoing with regrinding and cleaning testwork along with analysis of zinc concentrates for any impurity elements. Further Information on the Resource Estimation: In accordance with Listing Rule 5.8.1 the Company provides the following information on the resource upgrade. 1. Geology and geological interpretation. The Tartana project is located in a belt of Silurian and Devonian age siltstone, fine-grained sandstone, chert and limestone (Chillagoe Formation) that trends north-west and is steeply dipping. The Chillagoe Formation is separated from the Proterozoic rocks to the west by the Palmerville Fault and which is a regionally extensive, major Basin-forming fault. The Queen Grade sulphide zinc mineralisation is a steeply dipping sulphide orebody which outcrops on a ridge line as a gossan. The host lithologies comprise shales, limestones, cherts and andesites. 2. Sampling and sub-sampling techniques: At Queen Grade the average sample length of all sampled holes is 1m and covers both recent RC drilling and historical RC and diamond drilling. RC samples were split to 1- 2 kg sample size while historical diamond drill core was half sawn. Sub-sampling techniques and sample preparation involved washing all chips to removed drilling mud and polymers prior to logging, photographing and storing. Composites of the drill hole assays were generated using Maptek Vulcan software with run lengths of 1m, which is consistent with the typical sample interval. These composites honour the geological wireframes. Checking was undertaken by generating an Isis file and visually inspecting the result of the composite. Any assays with below detection limit negative values from -999 to 0 were adjusted to 0.0 in the composite file. Specific components of the compositing include: Run lengths of 1 metre. Data field Zn, Pb, Ag, Cu, Au were composited. The composite file was applied a tag for each composite with the character 1000 in the `bound' column of the Isis file. This file was subsequently used in the estimation process. 3. Drilling techniques The Company conducted a 5-hole (1,389m) Diamond (2-holes for 724.2 m) and RC (3 holes for 665 m) drilling program in July September 2022. This was designed to test depth extensions to mineralisation as well as verify historical drilling. Historical drilling has been carried out by a combination of both RC and diamond drilling. A combined total of 18 drill holes intersected the mineralisation in the Queen Grade area and these holes were selected for compositing (specifically the collar, survey and assay tables) to establish wire frame modelling. 4. Drill Spacing and Other Criteria Cross sections were provided by R3D to model lithology and mineralisation wireframes for the Queen Grade project area. The mineralisation was intersected on approximately 10 drilling sections and is currently known to a depth of at least 160m below the surface. Mineral resources have been calculated by BMS based on a bearing of 150 degrees. Mineralisation is present as a single mineralised domain - defined using lithology logs, where possible, and Zn grades. The block model was created using the one bdf file and the model contains only default values except for the variable domain, which was populated in relation to the domain wireframe in which the blocks reside. A rotation of 150 deg bearing, 0 plunge and 0 dip was applied to the blocks. A Vulcan block model was created to encompass the full extent of the deposit. Announcement • Feb 13
R3D Resources Limited Announces Resignation of Scott Jones as Chief Operating Office R3D Resources Limited advised that its Chief Operating Office Mr. Scott Jones has resigned due to personal reasons and with immediate effect. The Company wishes him well in his future endeavors. Announcement • Feb 09
R3D Resources Limited Announces BMS Pty Ltd Estimates an Increase in Tartana Copper Resources Based on the Northern Oxide and Tartana in Pit Drilling Programmes R3D Resources Limited announced that BMS Pty Ltd. (BMS) has estimated an increase in Tartana copper resources based on the Northern Oxide and Tartana in pit drilling programmes conducted in the September November period last year. The Company reported a `shallow' resource on the 21 September 2022 and also provided an update on the drilling on the 4 January 2023 announcing drilling had intersected 77 m at 0.62% Cu inter alia. The current resource increase includes copper mineralisation in the base of the open pit and in the Northern oxide zone where primary, transitional and oxide mineralisation continues north from the open pit but appears displaced to the west by a fault a structure which may be important in the mineralisation event. The mineralisation has been estimated to approximately 130 m depth and remains open at depth and in several other directions. In 2021 the Company drilled RDD002 which was a deep hole testing an easterly IP target but also `clipped' copper the mineralisation near the edge of the mineralisation below the open pit before the hole deviated down bedding and was terminated. However, it intersected 2 m @ 1.66% Cu, 32.6 g/t Ag and 106 ppm Bi prior to this deviation and which was approximately 450 m below surface. The copper mineralisation is relatively simple with chalcopyrite pyrite mineralisation in stockwork veins and along bedding planes in a steeply dipping shale and arkosic sandstone host rock. Alteration is dominated by sericite alteration with chlorite alteration in some areas. The mineralisation style with the bulk of the mineralisation limited to sulphide veins in a relatively barren host rock, provides an opportunity to apply ore sorting technology for upgrading the average ore grade that may be processed by conventional sulphide processing. Copper mineralised samples (18.7 kg) have been supplied to Tomra to test for ore sorting involving crushing to 8 mm and then ore sorting the + 8mm twice. The - 8 mm fraction naturally upgrades given the sulphides often break more finely with the crushing. Encouragingly combining the fines with the upgraded ore sorted products returned an approximate 100% increase in the average copper grade and recovered more than 76% of the total estimated contained copper. In terms of metallurgical testwork, historical copper flotation testwork is reported to have yielded high recoveries and which would be in line with the characteristics of the mineralisation. However, the Company will conduct its own flotation testwork to verify copper recoveries well as continue ore sorting testwork. BMS has estimated the following resources within the Oxide, Transitional and Fresh (or primary) mineralization types. The resources have been estimated using a 0.2% Cu cut-off grade and are located below the existing open pit and in the northern oxide zone. The estimate supersedes the previous shallow resource estimate reported to the ASX on the 21 September 2022. AMC mining consultants have previously completed preliminary open pit design on the shallow primary resource in the open pit floor and this will be extended to cover the deeper resource as well as the northern oxide zone. The Tartana project is located in a belt of Silurian and Devonian age siltstone, fine-grained sandstone, chert and limestone (Chillagoe Formation) that trends north-west and is steeply dipping. The Chillagoe Formation is separated from the Proterozoic rocks to the west by the Palmerville Fault and which is a regionally extensive, major Basin-forming fault. The siltstone and sandstone at Tartana have a weakly developed, steeply dipping cleavage formed during basin inversion. Folding is moderately plunging to the north-west. Also observed in the Tartana open pit and in drill core is a medium grained felsic intrusion that is weakly deformed. This intrusion is likely to be part of the Permo- Carboniferous suite, although, no absolute age dating has been reported. Regionally, the same belt of rocks hosts the Red Dome porphyry copper-gold, Mungana porphyry copper-gold-zinc deposit and the Redcap and King Vol skarn deposits. The primary copper mineralisation in the historical pit is structurally controlled. Chalcopyrite is developed as veins in dilatant fractures. The main mineralised trends are sub-parallel to bedding striking around 150° southeast and dip steeply to the northeast. Other common mineralised fracture orientations include striking 80° and dipping 70° north and striking 70° and dipping 75° north. A number of shallower dipping chalcopyrite-bornite veins trending 145° and dipping 55° northeast have steep dipping footwall mineralised fractures, indicating normal fault movement. Other chalcopyrite veins sets are shallow dipping and may represent mineralisation in stress fractures above an intrusive at depth. Announcement • Jan 04
R3D Resources Limited Announces Receiving Assays from the Recent RC Drilling Programme Which Targeted Northern Oxide Mineralisation R3D Resources Limited announced it is has commenced receiving assays from the recent RC drilling programme which targeted northern oxide mineralisation. The programme also included the drilling of three `resource' holes below the open pit to enable the estimation of an inferred resource to approximately 100 metres depth below the 10,827 copper tonne resource reported to the ASX on the 21 September 2022. In April/May 2022 the Company completed a 28-hole (1,620m) RC drilling campaign in the northern end of the Tartana open pit with the initial assay results announced to the ASX on the 30 August 2022. This announcement noted that individual 1 metre sample assays graded up to 5.21% Cu and 94 g/t Ag (32 - 33 m depth in TR082) while the overall best interval was 39 m at 0.71% Cu from 21 m to 60 m (TR063) and 13 m at 1.71 % Cu from 43 m - 56 m depth. Most of the mineralisation was found to be primary (chalcopyrite) mineralisation. Bluespoint Mining Services Pty Ltd. (BMS) subsequently completed a Mineral Resource Estimation (MRE) based on the results of the shallow drilling programme as well as incorporating historical data for shallow portions of the primary copper mineralisation (up to 40 m in thickness) below the open pit. At a 0.2% Cu cut-off grade, the total inferred and indicated resource was estimated at 1.93 Mt @ 0.56% Cu for 10,827 tonnes of contained copper. The overall drilling and resource estimation supported the interpretation that there is a large, moderate grade mineralised copper system below and to the north of the historical shallow open pit. Accordingly, the Company decided to drill three 100 m - 150 m RC strategically located holes and in combination with historical data, would enable the estimation of the copper resource to approximately 100 m depth. Drillhole TRC098 has been drilled towards the northern end of the Tartana open pit and where historical records report the highest levels of copper mineralisation. Further north, the mineralisation may be offset and form part of the northern oxide mineralisation which includes primary copper sulphide mineralisation at depth. Drillhole TRC101 was drilled in the southern part of the pit and was orientated to drill southwest from the northeastern side of the pit. While the drilling intersected broad copper mineralisation, it may not have intersected copper mineralisation in the western portion of the open pit. Assays from RC drilling to-date has returned the intersections to the north of the Tartana open pit. Shallower intersections potentially represent oxide copper zones although metallurgical testwork has not yet been carried out. Encouragingly there are also some notable deeper copper intersections which potentially represent primary copper mineralisation extending north of the open pit. While assays are still pending for the remaining holes, it is encouraging that copper mineralisation appears continuous north of the open pit. Results from the northern oxide drilling were encouraging with several potential shallow oxide mineralised intersections as well as some deeper transition and primary copper mineralised zones. Copper Sulphate Plant Refurbishment Update Refurbishment of the copper sulphate plant is resuming this week after the Xmas-New Year break. Key items including the control panel and new acid tanks are scheduled to arrive on site this week. The control panel was expected to be delivered in the first week of December and the delay in its arrival has potentially pushed the commissioning out by 3-4 weeks and is now expected to commence late January. The Company will provide a market update later in January. Announcement • Dec 16
R3D Resources Limited announced that it expects to receive CAD 1 million in funding R3D Resources Limited announced a private placement of a convertible note for gross proceeds of AUD 1,000,000 on December 16, 2022. The transaction will include participation from sophisticated, wholesale, professional investors or other investors. The notes have face value between AUD 1,000,000 to AUD 1,500,000 and will mature after 12 months from the issue date. The company will have initial drawdown of AUD 1,000,000 no later than 15 January 2023. The notes will bear interest rate of 15% per annum paid monthly. The notes will be convertible into shares at AUD 0.15 per share, with conversion subject to shareholder approval to be sought within six months. At the company’s election, a further AUD 500,000 may be requested from the investors with at least 21 days notice for drawdown between 15 March and 15 June 2023. The transaction is expected to be completed in January 2023. Announcement • Nov 29
R3d Resources Limited Retires Richard Ash as Director R3D Resources Limited announced, that Mr. Richard Ash has retired as a director with effect from the close of Annual General Meeting. Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Michael Thirnbeck is the most experienced director on the board, commencing their role in 2013. Independent Director Richard Ash was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Oct 22
R3D Resources Limited Commences Drilling Programme Designed to Cover the Northern Oxide Copper Zone and Extend the Primary Mineralisation at Queen Grade Zinc Project R3D Resources Limited announced that it has commenced a drilling programme designed to cover the northern oxide copper zone and extend the primary (chalcopyrite) mineralisation below the existing in pit resource. Elsewhere assays from drilling TDH24 at Queen Grade Zinc Project returned the following highly encouraging intersection: 12 m at 10.7% Zn, 7.5g/t Ag, 0.15% Cu including individual one metre intersections up to 25.5% Zn. In addition, the Company has commenced a 1340 m RC campaign at Tartana with the following objectives: Drill the northern oxide copper zone to establish additional heap leach resources. Deeper drilling of the copper mineralisation in the open pit to extend the recently announced copper resource to a 100 m depth. Oxide copper mineralisation has been intersected in historical drilling north of the existing open pit and potentially represents mineralisation that may be leached for future copper sulphate production. Recent leach testwork on the open pit resource announced on the 21 September 2022 has indicated low leaching recoveries and that the ore predominately comprises primary (chalcopyrite) mineralisation. With this development the Company has decided to conduct drilling which will extend this resource to approximately 100 m depth and review the cut-off grade in line with copper grades associated with conventional sulphide processing. Samples of the mineralisation have also been dispatched to Tomra for testing with ore sorting techniques. Queen Grade Zinc Project: The Queen Grade zinc skarn mineralisation outcrops on a ridge west of the copper mineralisation and is within the Tartana mining leases. In July 2022 the Company commenced a drilling programme to test depth extensions to the zinc skarn mineralisation defined by historical drilling. This mineralisation has similarities to the King Vol zinc mineralisation which is 800 m further west and owned by Aurora Metals Limited. Drillhole TDH24 assays have now been returned and indicate the following highly encouraging intersection: 12 m at 10.7% Zn, 7.5g/t Ag, 0.15% Cu including individual one metre intersections up to 25.5% Zn. As presented in Figure 1 this intersection is around 30 metres below historical drilling and highlights that the mineralisation is widening and continuous at depth. Further drilling is pending assays and the Company will develop orebody model with a detailed plans and sections when it has received the assays associated with the Queen Grade drilling. JORC tables were presented in the announcement dated 11 July 2022. Significant historical zinc intersections along with TDH 24 is presented above and the mineralisation remains open at depth. Tartana Copper Drilling: Activities including drilling, resource estimation, mine design and metallurgical testing have been focused on two key areas where there is known copper mineralisation from historical and recent drilling. At the Tartana open pit the Company recently reported Indicated and Inferred resources totalling; 1.9 Mt at 0.56 % Cu for 10.625 tonnes of Cu at a 0.2% Cu cut-off grade. Details of this resource were reported the resource was based on the supergene zone immediately in the base of the pit and to a depth ranging from 10 metres to 40 metres and based on observed secondary sulphides. However, follow-up leach test work has indicated that the mineralisation is largely primary (chalcopyrite) mineralisation and therefore is more amenable to conventional sulphide processing. The resource estimation included encouraging intersections from the historical pit floor such as: TRCH 73: 9 m at 1.55% Cu and 7 m at 1.07% Cu; TRCH 72: 14 m at 1.01% Cu; TRCH 63: 39 m at 0.77% Cu. In view of the mineralisation style and the encouraging intersections the Company has proposed a three-hole drilling programme which will allow the estimation of an inferred resource to a depth of approximately 100 metres. The drilling leverages off the historical drilling including 68 holes which have been verified during the recent drilling programme. In addition, historical drilling has often only been assayed for copper and there may be potential silver and other metal credits which will be tested in the current drilling programme. Separately, the Company has dispatched samples to Tomra for testing for ore sorting. Company have been advised that the ore may be amenable to ore sorting given the chalcopyrite-pyrite mineralisation occurs on stockwork veins and bedding planes while the host rock of sandstone and shales remains relatively barren. Announcement • Oct 12
R3D Resources Limited Announces Exercise of Nightflower Silver Project Option R3D Resources Limited announced that it has exercised its option to acquire the Nightflower Silver Project. The option agreement with Mr. Tom Saunders expires on the 23 February 2023 with an exercise price of $1 million. With the early exercise of the option, the Company has renegotiated revised terms which lowers the exercise price to $250,000 payable in R3D shares priced at 10 cents per share. The shares will be escrowed for 12 months from the date of issue. The revised terms also include upside payments if a base case resource of 25 million ounces silver equivalent (Ag Eq) at a 50g/t Ag Eq cut-off grade is exceeded. This involves payments of $100,000 in R3D shares at the previous one-month VWAP for every additional 1 million ounces Ag Eq above the base case resource and up to a maximum of $750,000 or 32.5 million ounces silver equivalent at a 50g/t Ag Eq cut-off grade. R3D has previously advised that it had received high grade assays from rock chips from along the Nightflower lode with maximum values up to 60.1% lead, 21.1% zinc and 2600 g/t silver. The Nightflower lode extends for over 2.3 km and the Company had earlier estimated an Exploration Target ranging from 2.7 to 5.3Mt at 134 to 193 g/t Ag Eq for 17.0 to 23 Moz Ag Eq. Note that the potential quantity and grade is conceptual in nature, and there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. A JORC 2004 reported to the ASX by Axiom Mining on 31 October 2008 was estimated from drilling on the Digger Lode with intersections up to 39 m at 181 g/t Ag, 0.32 g/t Au, 4.4% Pb, and 1.16% Zn from 70 m (Hole NF08DD19, see Axiom Mining Announcement dated 31 October 2008) and containing several higher-grade smaller intersections. At that time only the most recent drilling had included assaying for gold while Laing (2016) reports that the historical (1974) drilling often failed to fully intersect the mineralisation with drilling ending prematurely in a hanging wall porphyry dyke. Highlights: R3D exercises its option over the Nightflower Silver Project at a significantly reduced exercise price; Exploration to-date indicates high grade surface mineralisation and significant silver exploration target; and with 100% ownership, focus now on upgrading and increasing resources to meet JORC 2012 standards. Announcement • Sep 26
R3D Resources Limited Announces Tartana Supergene/Transition Resource Upgrade R3D Resources Limited announced that Zeehan low grade furnace slag/matte shipments have resumed following the granting of the Stage 2 permit by the West Coast Council on 15 August 2022. The permit allows crushing on site and access to the northern stockpile. A condition of the granting has been the increase in the mining lease bond and the preparation of a final rehabilitation plan for the site. The bond has increased to $200,000 and which has already been paid by the Company partly through prepayment of a portion of the first shipment while a rehabilitation plan has been submitted and is currently being reviewed by the EPA. The M/V Key West departed on the 23 September 2022 with a 11,004-tonne export load destined for South Korea. This is the 15th shipment by the Company with total exports to-date of 305,097 tonnes. Remaining stockpiles on site are in the order of 120,000 tonnes. Tartana Supergene/Transition Resource Upgrade The Company announced a significant upgrade of the supergene resource at the Tartana open pit on 21 September 2022. This programme was designed to upgrade and extend existing copper resources which may be suitable for heap leaching to produce copper sulphate using the existing heap leach - solvent extraction - crystallisation infrastructure which is currently undergoing refurbishment. Announcement • Sep 21
R3D Resources Limited Provides Supergene Copper Resource Upgrade R3D Resources Limited announced a significant resource upgrade based on the results of a resource drilling campaign earlier in 2022 which targeted supergene/transition mineralization lying in the base of the open pit. This programme was designed to upgrade and extend existing copper resources which may be suitable for heap leaching to produce copper sulphate using the existing heap leach solvent extraction crystallisation infrastructure which is currently undergoing refurbishment. Results from the 28-hole (1,620m) RC drilling campaign were announced on the ASX on the 30 August 2022 program. This announcement noted that individual 1 metre sample assays were up to 5.21% Cu and 94 g/t Ag from 32 33 m depth (TR082) while the overall best interval was 39 m at 0.71% Cu from 21 m to 60 m (TR063) and 13 m at 1.71 % Cu from 43 m 56 m depth. Bluespoint Mining Services Pty Ltd. (BMS) has completed a Mineral Resource Estimation (MRE) for the Tartana Flats area based on this recent drilling campaign as well as using historical data and with the results. The estimation has updated an earlier Inferred Resource of 175.6 kt @ 1.5% Cu for 2,634 tonnes Cu using a 0.5% Cu cut-off grade. The recent drilling has also determined that the overlying unconsolidated fill is approximately 10 m thick while the supergene `blanket' is approximately 20 m thick. The underlying primary mineralisation remains open at depth and along strike. Tartana Supergene/Transition Resource Upgrade: R3D Resources has commissioned BMS to revise the Mineral Resource Estimate (MRE) for the Tartana Flats area which is based on data from the 2022 resource drilling program as well as historical data. The recent 28-hole (1,620m) RC drilling program has been reported to the ASX on the 30 August and involved drilling three lines with RC holes angled at 60 degrees. BMS has modelled in the mineralisation using the new drilling data as well as some of the historical drilling data which has been verified by the current drilling program. A cross-section based on the most southerly fence line is presented in Figure 3 and highlights an approximate 20 m `blanket' of mineralisation underlying approximately 10 m of pit fill which has been used to partially rehabilitate the pit. The supergene mineralisation has been logged from the identification of secondary sulphide minerals while the primary ore consists mostly of chalcopyrite. The mineralisation is open at depth with historical drilling suggesting that the grades remain similar to the supergene zone but further drilling is required to upgrade this mineralization to inferred resource status. The mineralisation also remains open along strike. Overall, the drilling campaign and resource upgrade has been highly successful with existing resources having the potential to support a mine life of several years of future copper sulphate pentahydrate production. This is expected to be confirmed by the current metallurgical testwork which is assessing the leachable copper content of these resources. The Company has a large tenure position in the Chillagoe region with numerous copper prospects including advanced projects such as Cardross where a maiden copper resource is currently being estimated. The potential to operate for several years on existing ore resources is encouraging as it potentially provides adequate time for the Company to advance new copper projects such as Cardross to maintain copper sulphate pentahydrate production well into the future. Announcement • Aug 30
R3D Resources Limited Announces the Final Assay Results for the Recent RC Drilling Program At Tartana and Provide Update on the Due Diligence Rock Chip Sampling of the Nightflower Lode R3D Resources Limited announced the final assay results for the recent RC drilling program at Tartana, and provide update on the due diligence rock chip sampling of the Nightflower Lode. The Company has received final assays results for the 28 hole (total 1,620m) RC drilling program conducted mostly within backfilled portions of the existing Tartana Pit environs. As announced on 28 April 2022, the drilling program was primarily designed to upgrade the supergene copper resource to Indicated Resource status and also provide data to estimate an Indicated Copper Sulphide Resource to 80m depth and drill remnant identified Oxide Copper mineralisation to estimate an Inferred Oxide Resource. The RC drilling program was completed by Townsville-based AED Drilling Pty. Ltd. in May 2022, comprising a total of 1,620m of drilling in 28 holes (TRC059 to TRC086). All holes were drilled at an angle of 60° and all were drilled to a depth of 60m with the exception of hole TRC070 which encountered water at 42m depth and hole TRC080 which encountered cavities at 18m depth, most likely 19th century underground historical workings. The majority of the holes were collared within the open pit mine and drilled through fill material before encountering the old pit floor. The in pit fill material was generally between 10 and 15 metres thickness. 1 including 39m (21-60m) from just below the pit floor to the end of hole TRC063 which averaged 0.77% copper in the southernmost fence line. In the northern fence, Hole 82 had multiple intervals averaging greater than 1% copper, including 9m @ 1.62% copper from 28- 37m depth and a deeper interval of 13m @ 1.71% copper from 43-56m depth. Copper mineralisation extends eastwards through hole 81 and hole 80 where the assumed former underground workings were encountered at 18m depth downhole. Multiple intervals of >1% copper were also recorded in adjacent holes TRC072, TRC073 and TRC074 along the middle fence of holes drilled, including 9m @ 1.55% copper and 27.2 g/t silver in hole TRC073 from 20-29m downhole depth. Maximum values of 60.1% lead, 21.1% zinc, 0.13% silver and 1.51 g/t gold were returned from rock chip sampling along with elevated indium (54 ppm) and antimony (0.71%) assays, confirming the previously reported ore-grade Pb-Ag-Zn geochemistry. Copper Sulphate Plant Restart: The positive assay results received from the RC drilling at Tartana (above) is a key step in progressing the Tartana Copper Sulphate plant restart. The Company expects to provide a further update on its progress and expected timing of production commencement in the coming weeks. Board Change • Aug 06
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Michael Thirnbeck is the most experienced director on the board, commencing their role in 2013. Independent Non-Executive Chairman Richard Ash was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Jul 28
R3D Resources Limited Announces Resignation of Robert Waring as Director R3D Resources Limited advised that Mr. Robert Waring has resigned as a Director of the company, with effect from 31 July 2022, following on from his earlier announced resignation asCompany Secretary. Mr. Waring was a key stakeholder in the formation of Tartana Resources Limited and supported the aggregation of a significant exploration and mining portfolio in the Chillagoe region. In 2021, Tartana Resources was acquired by R3D Resources Limited as part of a reverse takeover and Mr. Waring was instrumental in the relisting of R3DResources in July 2021. Mr. Waring has brought a wealth of corporate experience and knowledge to the Company over the last five years and the Company greatly appreciates and thanks Mr. Waring for these services. Announcement • Jul 12
R3D Resources Limited Announces Massive Sulphides Intersected in Drilling At Queen Grade Zinc Project R3D Resources Limited announced that the first diamond drill hole in the current drilling program has intersected sphalerite dominant massive and semi massive sulphides in the first hole at the Queen Grade Project. The intersection from 160.7 metres downhole depth comprises approximately 6 metres of massive sulphide dominated by sphalerite (zinc sulphide) followed by a further 6 metres of semi massive and banded sulphide which is also dominated by sphalerite. True width is approximately 9.0 metres. Highlights: First diamond core hole intersects a 12 m downhole intersection of sphalerite dominant (zinc sulphide) massive and semi massive sulphides downdip of previous drilling. Intersection indicates down dip mineralisation continuity in the Queen Grade zinc project. Next hole (TDH25) to test at least a further 65 m below the current intersection. If TDH25 is successful in replicating the mineralisation intersected in TDH24, both intersections will materially contribute to a maiden JORC 2012 resource currently being estimated. R3D has dispatched 106 RC samples to SGS for assay including gold and silver. This 12 metre downhole intersection is around 30 metres vertically below historical drilling and is important as it highlights mineralisation is widening and continuous at depth and that the mineralised zone remains open down dip. Analogies with nearby deposits including the King Vol zinc mine and Monte Video zinc project suggests that the Queen Grade project has the potential for significant depth extension, and which is being reaffirmed by the current drilling. R3D estimates that the mineralisation dips 70 degrees west and is hosted in carbonate rich units ranging from calcareous sediments up to limestones. The sulphides are also associated with garnet skarns very similar to those occurring in the orebody at the King Vol zinc mine and Monte Video Zinc Project. Queen Grade is located wholly in ML 4820 (Tartana North) and has previously had 27 RC and diamond drill holes test oxide and shallow sulphide zones. R3D is currently reprocessing all geological, structural and geochemical data given the similarities with the zinc mineralisation at the King Vol zinc mine which is 500m to the west. R3D has now identified two mineralised horizons: Main or western zone which contains the more significant intersections of zinc and is hosted by a complex mix of reactive (limey) units and altered skarn alteration, and The Eastern Zone which is a lower grade zinc zone hosted in silicious cherts and basic volcanics. Most drill holes that intersect this zone are weathered and, as such, the zone may host economic mineralisation in deeper fresher units. In addition, previous drilling by Dominion Mining Limited had encountered anomalous gold and silver values west of the main zone in a black slate to siltstone and which was regarded as being the hanging wall of the zinc mineralisation. R3D geophysical consultants have located a Helicopter borne Electro Magnetic (EM) survey over King Vol, Tartana and surrounds undertaken by Kagara Limited in 2007. Within the survey area, the most significant anomaly is centred on Queen Grade. EM is often associated with significant sulphide concentrations and is the method that R3D will be using on the Beefwood and Bulimba Projects later in 2022. Current Drilling: R3D's first diamond hole TDH 24 tested the northern line of the previous drilling, but at greater depths and utilised a RC Percussion Pre-collar to initially drill to target depth before converting to diamond drilling. The geology from the drilling can be summarised as follows: 50 to 153.4 m depth: Black graphitic slates and siltstones with locally up to 10% quartz-carbonate veining and locally up to 5% veined and disseminated sulphides dominated by pyrite and arsenopyrite. This is interpreted as being prospective for gold mineralisation and the Company has already dispatched these intervals to the laboratory to test for gold and silver as well as base metals. 160.66 to 172.67 m: Sphalerite dominant massive to semi massive sulphides, skarn alteration and limey units over 12 metre interval (true width estimated 9.0 metres width and interpreted to be the main mineralised zone. The Company is currently drilling TDH25 from the same collar location and which has been designed to test the mineralisation at around 230 metres vertical depth and which is approximately 65 85 metres below the current (TDH24) intersection. If TDH25 is successful in replicating the mineralisation intersected in TDH24, both intersections will materially contribute to a maiden JORC 2012 resource currently being estimated. R3D has already dispatched 106 RC samples to SGS for assay from the TDH24 RC pre-collar. These samples are being assayed for gold and silver which may be associated with the quartz carbonate veining in a black graphitic slates and siltstones which contain pyrite and arsenopyrite sulphides locally up to 5%. The diamond core mineralised and buffer zones will be laboratory assayed after all geological and structural logging, photography and field density determinations have been completed. Announcement • Jul 01
R3d Resources Limited Announces Drilling to Test Tartana Copper and Zinc Targets Commences R3D Resources Limited announced that it will commence drilling key copper and zinc targets as outlined in an ASX announcement dated 23 June 2022. As noted in the earlier announcement, historical drilling in the Queen grade zinc mineralisation has been to a depth of 130m despite previous drilling reporting encouraging intersections including TDH 15 which intersected 33 m @ 12% Zn. A key focus of the drill holes will be to demonstrate that Queen Grade zincmineralisation is likely to extend to far greater depths than the 130 meters currently drilled as well as testing mineralisation widths. Nearby zinc mineralisation on other mining tenure at King Vol extends to over 900mdepth and Monte Video mineralisation remains open below 250m drilling depth. The copper target has been identified from geophysical surveys (IP, AEM, Resistivity) and historical copper workings. It is also broadly along strike from zinc skarns Including Queen Grade with the area having similarities with the `Mungana porphyry model' as outlined in the earlier announcement. The drilling rig, supplied by AED Pty Ltd, is expected to arrive on the Tartana Leases today, enabling drilling commencement from tomorrow. Announcement • Jun 29
R3D Resources Limited Announces Change of Company Secretary R3D Resources Limited advised that the Company has appointed Mr. Sonny Didugu as Joint Company Secretary with effect from 28 JUNE 2022. Mr. Robert Waring, currently Non-Executive Director and Company Secretary has advised the Board of his intention to resign as Company Secretary on 31 July 2022 because of his other commitments, but will remain a Non-Executive Director. The appointment of Mr. Didugu of Reign Advisory follows the recent capital raising activity supported by Reign Advisory. Mr. Didugu is a corporate lawyer and advisor with significant corporate advisory, company secretarial, and listed entity compliance experience. Mr. Didugu is a Member of the Australian Institute of Company Directors and holds a Bachelor of Laws (Honours). Announcement • Jun 15
R3D Resources Limited Appoints Jihad Malaeb as Non-Executive Director R3D Resources Limited announced that Jihad Malaeb has been appointed as a Non-Executive Director of the company with effect from June 15, 2022. Mr. Malaeb is an experienced entrepreneur across a number of industries, including hospitality and construction, as well as having significant experience in mineral exploration and mining operations - both as an active investor and company director. He currently owns and operates a portfolio of hospitality businesses and real estate across Australia, which have been built over the past 30 years. Mr. Malaeb is also a Non-Executive Director of Critical Resources Limited, where he has helped steer CRR through the past few years as one of its large shareholders and as a board member. Mr. Malaeb is a material shareholder in R3D, having participated in the Company's recently-concluded Placement and Rights Issue. Announcement • Jun 07
R3D Resources Limited Announces Tasmanian EPA Agreed to Allow the company to Progress Its Stage 2 Application to the Advertising Stage R3D Resources Limited announced that the Tasmanian EPA has agreed to allow the Company to progress its Stage 2 application to the advertising stage. The Stage 2 application involves the potential granting of a permit to access the Northern Zinc Slag stockpile and to crush material from both the Northern and Southern stockpiles. Earlier this year, MRT granted permission to remove some minor heritage items from the Northern Stockpile area. In addition, the Company has provided additional information with regards to the Digger Lode Exploration Target as part of the Nightflower Silver Project as advised to the ASX on 2 June 2022. The announcement quoted Ag Equivalents without stating the metal prices and metal recoveries used in the calculation. These parameters are outlined in this announcement although the target has now been estimated using average metal prices and exchange rates for 2021 and incorporates antimony grades which are material in the mineralisation style. Both of these factors have resulted in an adjustment to the exploration target, however as stated, the exploration target is only conceptual in nature and further exploration may not result in the delineation of an economic resource. It also doesn't include the Terrace lode which represents the southern portion of the Nightflower silver project. The company reported on the Nightflower project on the 2 June 2022 including details of a revised Exploration Target. The project is located 40 km north of Chillagoe and is part of R3D's portfolio of projects in this region of Far North Queensland. Announcement • Jun 04
R3D Resources Limited Announces Silver Exploration Target Increase At Nightflower R3D Resources Limited announced that following geological modelling has significantly upgraded the Nightflower Silver project exploration target on EPM 27595. The work involved remodeling wireframes defined by mineralisation in historical drilling, utilising the results of an historical IP survey and applying varying cut-off grades. The Nightflower Silver Project is subject to the Nightflower Option Agreement with Mr. Tom Saunders which expires on the 23 February 2023. The Company plans a drilling programme in second half of 2022 to upgrade the Exploration Target to JORC 2012 resource status. Nightflower Silver Project Background: The Nightflower project is located 40 km north of Chillagoe in Far North Queensland and the project covers a substantial part of the northern Featherbed Volcanic Group and the underlying and surrounding Hodgkinson Formation. The mineralisation is in the form of an epithermal polymetallic deposit located within the Nightflower fault zone although it has also been interpreted that there may be an underlying porphyry deposit at depth. There are two prospects, the Digger Lode and Terrace, along the fault structure, itself considered to be part of the northeast-trending Mungana transfer zone, a regional lineament, which is interpreted to connect with the regional Palmerville fault zone, near the location of the Mungana and Red Dome copper-gold-silver porphyry mines. Most historical work has been on the Digger Lode which has been partly defined by surface outcrop plus 19 drillholes, which have intersected mineralisation between 10 metres and 370 metres below surface to define a body of Ag-Pb-Zn-Cu-Au mineralisation. Exploration Target Increase R3D's recent work involved commissioning Bluespoint Mining Services Pty Ltd. to remodel the mineralization with wireframes to capture all the available data and establish an Exploration Target for future exploration. Copper Sulphate Plant Refurbishment Civil works on the refurbishment of the copper sulphate plant has commenced with repair work on the safety bunds and pad which will host a new sulphuric acid tank for acid storage. This work along with the refurbishment of a second-hand electrical control panel and the acquisition of a back-up generator represents key elements of the Stage 1 programme which is designed to enable the commencement of copper leaching. In addition, the Company has secured the original rotating drum dryer which will save on the fabrication of a new one and reduce the lead time for this key item. Announcement • May 27
R3D Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million. R3D Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,000,000
Price\Range: AUD 0.1
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,000,000
Price\Range: AUD 0.1
Transaction Features: Subsequent Direct Listing Announcement • May 06
R3D Resources Limited Sulphate Plant Restart on Track R3D Resources Limited announced that civil and electrical works have commenced as part of the plant refurbishment. The civil works along with upgrading of the power distribution system forms part of the Stage One refurbishment programme designed to recommence leaching the remaining copper from the heaps. The second stage will involve the restart of the solvent extraction -crystallisation plant to produce copper sulphate for sale into the mining industry in Northern Australia. Board Change • Apr 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Non-Executive Director Michael Thirnbeck is the most experienced director on the board, commencing their role in 2013. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 07
R3D Resources Limited announced that it expects to receive AUD 1 million in funding R3D Resources Limited announced a private placement of 10,000,000 fully paid ordinary shares at the price of AUD 0.10 per share for gross proceeds of AUD 1,000,000 on April 5, 2022. The company will issue shares in two tranches of AUD 500,000 each. The tranche one is expected to closed on April 11, 2022 and tranche two on April 19, 2022. The transaction is expected to close on April 19, 2022. Announcement • Jan 29
R3D Resources Limited Announces High Grade 4.54% Cu Near Surface Assay Received During Drilling Programme R3D Resources Limited provided an update on its three-hole diamond drilling programme conducted late last year on the Tartana mining leases and which has contributed to a refinement of exploration targets. R3D has also provided initial scoping study parameters for restarting copper sulphate production from the existing Tartana heap leach - solvent extraction - crystallisation plant. In the September Quarterly Activities Report (announced on the 29 October 2021) the company reported the completion of a three-hole deep drilling programme outlined. The drilling has focused on both testing deeper targets as well as mapping alteration association with mineralisation for future targeting and as consequence the assay suite has been more comprehensive than usual. The combination of this and current industry demand for analysis has created significant delays and the assay results have still only been recently partially received. The intersections have provided encouragement as: Based on the assays received to-date, both RDD002 and RDD003 have reported broad copper mineralised intersections i.e. RDD002 (92m @ 0.16%) and RDD003 (119m @ 0.17% Cu) which have numerous narrow higher grades zones. These mineralised zones are outside the existing open pit exploration target and represent zones requiring further exploration. Due to hole deviation RDD002 was unable to test the mineralised sequence directly below the open pit. However, the mineralisation that was intersected (2m at 1.66% Cu, 32.6 g/t Ag) was more than 450m below mineralisation at the surface suggesting the likelihood the copper mineralisation intersected in the pit will continue to similar depths. Several zones from RDD001 reaffirm the NNE strike continuity of the mineralisation allowing a refinement of the exploration targets. The open pit area has been segregated into the following categories: Shallow oxide exploration target north of the pit. Supergene inferred resource. Exploration target west of the open pit. Exploration target comprising bulk tonnage copper sulphide mineralisation below and along strike from the pit. Announcement • Dec 13
R3D Resources Limited Announces Seven Priority Targets At the Bulimba Project R3D Resources Limited provided the results of the analysis and interpretation of recently acquired Falcon Gravity/Magnetic survey data on its Bulimba/Beefwood Project. As reported in R3D's Quarterly Report, R3D commissioned Xcalibur/CGG Aviation Pty Ltd. to fly a Falcon Gravity and Magnetic Survey over the Western Bulimba and Beefwood tenements. The 1574- line kilometres were flown at 200 metre (m) spacing on NS Lines. After data acquisition and processing was completed by Xcalibur, Geodiscovery Pty Ltd. was engaged to provide an independent review of potential targets to supplement R3D's inhouse geological expertise. The interpretation of structurally favourable settings and/or areas of intrusion or alteration have delineated potential zones or domains that may host economic mineralisation. Announcement • Nov 24
R3D Resources Limited Provides Update on Its Bellevue Copper Project Following the Analysis and Interpretation of Recently-Acquired Falcon Gravity R3D Resources Limited provided the following update on its Bellevue Copper Project following the analysis and interpretation of recently-acquired Falcon Gravity/Magnetic survey data and an increase in the Company's tenure associated with the project. The Bellevue and Dry River exploration projects (EPMs 27304 and 25970) are located approximately 60 kilometres (km) north of Chillagoe, approximately 20km north of the Tartana mine site. The tenements cover 25km of the prospective OK member stratigraphy which contains at least 11 copper/gold prospects including the historic OK mines. As reported in R3D's Quarterly Report, the Company commissioned Xcalibur/CGG Aviation Pty Ltd. to fly a Falcon Gravity and Magnetic Survey over the Bellevue/Dry River tenements. The 716- line kilometres was originally flown at a 400 metre (m) spacing. However, following a positive assessment of the initial data from this survey, R3D commissioned an infill programme to reduce the line spacing to 200m spacing in the southern and western parts of the tenements. The additional infill totalled 377km. After data processing was completed by Xcalibur, Geodiscovery Pty Ltd. was engaged to provide an independent review of potential targets to supplement R3D's inhouse geological expertise. A strong structural fabric exists within the tenement, including NE and NW structural trends. At the OK Copper mine there is a strong magnetic anomaly, although there are numerous other magnetic anomalies across the tenements. However, the region surrounding OK Mine appears to have undergone magnetite destruction, which is potentially linked to cross faulting and/or intrusions highlighting a strong principle structural control on mineralisation. Importantly, there is also an associated higher density (gravity) anomaly and the combination of gravity anomalies with the unique magnetic signatures potentially stemming from the impact of cross faulting has led to the prioritisation of several targets. Board Change • Nov 08
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Michael Thirnbeck is the most experienced director on the board, commencing their role in 2013. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. 