New Risk • Dec 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$12.3m (US$8.20m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (61% average weekly change). Earnings have declined by 55% per year over the past 5 years. Shareholders have been substantially diluted in the past year (127% increase in shares outstanding). Revenue is less than US$1m (AU$482k revenue, or US$321k). Market cap is less than US$10m (AU$12.3m market cap, or US$8.20m). Announcement • Oct 24
Tambourah Metals Limited, Annual General Meeting, Nov 25, 2025 Tambourah Metals Limited, Annual General Meeting, Nov 25, 2025. Location: at level 1, suite 9 110 hay street, subiaco, wa 6008, Australia Announcement • Oct 09
Tambourah Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million. Tambourah Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 35,294,118
Price\Range: AUD 0.085
Discount Per Security: AUD 0.0051
Transaction Features: Subsequent Direct Listing New Risk • Oct 01
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 59% 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 (59% average weekly change). Earnings have declined by 55% per year over the past 5 years. Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Revenue is less than US$1m (AU$482k revenue, or US$319k). Minor Risk Market cap is less than US$100m (AU$20.9m market cap, or US$13.8m). New Risk • Sep 29
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 Earnings have declined by 59% per year over the past 5 years. Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Revenue is less than US$1m (AU$265k revenue, or US$174k). Market cap is less than US$10m (AU$7.51m market cap, or US$4.94m). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (18% average weekly change). Announcement • Jun 03
Tambourah Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.58 million. Tambourah Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.58 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 29,000,000
Price\Range: AUD 0.02
Discount Per Security: AUD 0.0012
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Apr 29
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 17% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$2.4m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 59% per year over the past 5 years. Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Revenue is less than US$1m (AU$265k revenue, or US$170k). Market cap is less than US$10m (AU$3.17m market cap, or US$2.03m). New Risk • Mar 14
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$2.4m 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$2.4m free cash flow). Earnings have declined by 59% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m (AU$375k revenue, or US$236k). Market cap is less than US$10m (AU$3.10m market cap, or US$1.95m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% 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 (17% average weekly change). Earnings have declined by 62% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m (AU$154k revenue, or US$96k). Market cap is less than US$10m (AU$2.76m market cap, or US$1.72m). Announcement • Dec 19
Tambourah Metals Limited (ASX:TMB) agreed to acquire 80% stake in Speewah Project from Baracus Pty Ltd for AUD 0.17 million. Tambourah Metals Limited (ASX:TMB) agreed to acquire 80% stake in Speewah Project from Baracus Pty Ltd for AUD 0.17 million on December 18, 2024. Tambourah Metals Limited will pay an earnout/contingent payment of AUD 0.18 million by issuing 7 million common equity shares.
The transaction is subject to approval of offer by acquirer shareholders. New Risk • Nov 27
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 17% 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 (17% average weekly change). Earnings have declined by 62% per year over the past 5 years. Revenue is less than US$1m (AU$154k revenue, or US$100k). Market cap is less than US$10m (AU$2.76m market cap, or US$1.79m). Minor Risk Shareholders have been diluted in the past year (33% increase in shares outstanding). Announcement • Nov 02
Tambourah Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.563073 million. Tambourah Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.563073 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,357,071
Price\Range: AUD 0.035
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,730,719
Price\Range: AUD 0.035
Security Features: Attached Options
Transaction Features: Rights Offering Announcement • Oct 04
Tambourah Metals Limited, Annual General Meeting, Nov 06, 2024 Tambourah Metals Limited, Annual General Meeting, Nov 06, 2024. Location: at level 1, suite 9 110 hay street, subiaco, wa 6008 Australia New Risk • Oct 02
New major risk - Revenue and earnings growth Earnings have declined by 62% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 62% per year over the past 5 years. Revenue is less than US$1m (AU$154k revenue, or US$106k). Market cap is less than US$10m (AU$3.14m market cap, or US$2.16m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). 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 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 Revenue is less than US$1m (AU$255k revenue, or US$176k). Market cap is less than US$10m (AU$3.46m market cap, or US$2.39m). 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 (16% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). New Risk • Sep 21
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 17% 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 (17% average weekly change). Revenue is less than US$1m (AU$255k revenue, or US$174k). Market cap is less than US$10m (AU$3.23m market cap, or US$2.20m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). New Risk • Sep 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% 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 Risks Revenue is less than US$1m (AU$255k revenue, or US$170k). Market cap is less than US$10m (AU$2.96m market cap, or US$1.97m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Announcement • Aug 23
Tambourah Metals Limited Appoints William (Bill) Clayton as Director Tambourah Metals Limited announced that William (Bill) Clayton has been appointed as a director of the Company. Mr. Clayton is a geologist with over 30 years experience comprising mineral exploration, pre-development studies, resource evaluation and project acquisition/divestment. Mr. Clayton holds Masters degrees in geology and business and is a member of the Australian Institute of Geoscientists and an associate member of the AusIMM. Mr. Clayton been directly involved in nickel and gold discoveries and has worked in management positions on exploration projects throughout Australia and East Africa for multiple commodities. Mr. Clayton was formerly founding Managing Director of Lodestar Minerals Limited. New Risk • Apr 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. 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$3.4m free cash flow). Revenue is less than US$1m (AU$255k revenue, or US$165k). Market cap is less than US$10m (AU$6.88m market cap, or US$4.44m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). 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$3.4m 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$3.4m free cash flow). Revenue is less than US$1m (AU$255k revenue, or US$168k). Market cap is less than US$10m (AU$7.96m market cap, or US$5.24m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). Announcement • Nov 24
Tambourah Metals Limited Announces Completion Contract of Ralf Kriege as CEO Tambourah Metals Limited announced Ralf Kriege has completed his contract as CEO and finished on 21 November 2023. The company has commenced the recruitment process to fill the role of CEO. Announcement • Nov 01
Tambourah Metals Limited Announces Resignation of Chris Ramsay as Non-Executive Director Tambourah Metals Ltd. (TMB) announced that non-executive director Chris Ramsay has resigned as a director of the Company. Chris has been a director since June 2021. Date that director ceased to be director is 31 October 2023. Announcement • Oct 31
Tambourah Metals Limited, Annual General Meeting, Nov 29, 2023 Tambourah Metals Limited, Annual General Meeting, Nov 29, 2023, at 09:30 W. Australia Standard Time. Location: The Grevillea Room, Rendezvous Hotel Perth Central 24 Mount Street Perth Western Australia Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2023; to consider and approve the remuneration report; to consider and approve the election of Director; and to consider and approve to issue of Performance rights. Announcement • Oct 24
Tambourah Metals Limited Announces Appointment of William (Bill) Marmion as Non-Executive Director Tambourah Metals Limited announced that William (Bill) Marmion has been appointed as a non-executive director of the Company from 24 October 2023 Mr. Marmion holds a Bachelor of Engineering (UWA) and a Master of Business Administration (UWA). Mr. Marmion was a State Minister for 6 years in the WA Government between 2010 and 2016, holding the portfolios of State Development, Mines and Petroleum, Transport, and Environment. He was ultimately responsible for the delivery of projects within these areas and for enforcement of the relevant Acts of Parliament. He has 24 years delivering infrastructure projects as an engineer within State Government Agencies, 6 years developing the business cases and Cabinet approvals of major State Government projects and 6 years as a Minister driving projects through Cabinet and Parliamentary approvals processes. In 2020, Mr. Marmion was the Deputy Leader of the Opposition (Western Australia). He also held Shadow Ministerial Positions (2017-2020) including Shadow Minister for Mines and Petroleum, Local Government, Defence Issues and Science. Prior to entering parliament Mr. Marmion was a partner in a small consulting business producing financial business cases for large infrastructure projects and land developments. Announcement • Oct 06
Tambourah Metals Limited Announces Resignation of Ralf Kriege as Chief Executive Officer Tambourah Metals Limited announced that the resignation of Ralf Kriege as Chief Executive Officer. New Risk • Oct 01
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$2.2m 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$2.2m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Revenue is less than US$1m (AU$166k revenue, or US$107k). Minor Risks Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (AU$16.6m market cap, or US$10.7m). Announcement • Sep 01
Tambourah Metals Limited Announces Resignation of Non-Executive Director, Peter Batten Tambourah Metals Limited announced that non-executive director Peter Batten has resigned as a director of the Company. Peter will commence new full time work commitments with another exploration company. He has been a director of Tambourah Metals since August 2022. Date that director ceased to be director is 31 August 2023. Announcement • Aug 17
Tambourah Metals Hires Wayne Richards to Board Tambourah Metals (TMB) has appointed Wayne Richards to the Board. Mr. Richards appointment strengthens and enhances the technical and corporate experience of the board and management team, as the Company actively advances exploration programs and studies within its portfolio of exploration tenements in the Tier 1 mineral province of the Pilbara, Western Australia. Mr. Richards has over 37 years of study execution, project development, mining, mineral processing and corporate financing experience within the resource and mining service sectors. He has performed executive and non-executive roles with ASX and JSE listed companies and has fulfilled senior executive roles with BHP and Anaconda Nickel. He has held non-executive directorships with both listed companies and Joint Ventures. He has fulfilled the roles of Managing Director and Chief Executive Officer of Burley Minerals Ltd, and Executive Chairman and CEO of Tawana Resources. As Managing Director of Brockman Resources, Mr. Richards was instrumental in the development of the Marillana Iron Ore Project to a Market Capitalisation of circa AUD 970 million. More recently, Mr. Richards has worked within the Lithium exploration and project development phases of Burley Minerals Limited. Mr. Richards will provide support towards the development of the recently acquired Minrex tenements (MRR) and will assist with the advancement of the strategic partnership with SQM on the Company's Lithium and critical minerals' tenements in the Julimar district of Western Australia. Announcement • Jul 04
Tambourah Metals Limited (ASX:TMB) agreed to acquire 6 Eastern Pilbara tenements from MinRex Resources Limited (ASX:MRR) for approximately AUD 0.15 million. Tambourah Metals Limited (ASX:TMB) agreed to acquire 6 Eastern Pilbara tenements from MinRex Resources Limited (ASX:MRR) for approximately AUD 0.15 million on July 3, 2023. Announcement • Feb 15
Tambourah Metals Limited Announces Resignation of Ben Donovan as Director, Effective on February 17, 2023 Tambourah Metals Limited announced that Ben Donovan has resigned as a director of the company effective COB, 17 February 2023. Mr. Donovan has been a director since June 2021. Board Change • Jan 14
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. No highly experienced directors. Executive Chairman of the Board Rita Brooks is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 07
Tambourah Metals Limited Announces Resignation of Caue Pauli De Araujo as Managing Director Tambourah Metals Ltd. announced that Mr. Caue Pauli De Araujo has resigned from the position of Managing Director for personal reasons. Date that director ceased to be director is 6 December 2022. Announcement • Nov 29
Tambourah Metals Ltd Announces REE Anomalism Identified in Historic Shallow Drilling At the Achilles Project Tambourah Metals Limited announced that REE anomalism has been identified in historic shallow drilling at the Achilles project. The company has increased its REE exploration tenure with three new licence applications at Adam Range 30kms east of Laverton. Achilles Project: The Achilles project is located 220km north of Laverton within the Collurabbie district. It is prospective for hosting Ni-Cu-PGE and Au mineralisation. Data compilation and WAMEX reports at Achilles have highlighted anomalous REE assay grades of up to 579ppm TREO in historic drilling at the Windidda South Prospect. In 2007 the Creasy group undertook comprehensive assaying of rock chip samples (including the full suite of REEs) from the RC drilling program. At Windidda, holes CBRC001, CBRC006 and CBRC007 reported TREO assay grades from 202ppm 579ppm in saprolitic clays between 12-36m deep. All samples were 4m composite samples. The historic RC drilling tested an area of approximately 1600m x 900m. The extent of the prospective saprolite within the larger project area is unknown. A systematic air core program is being planned to test for the presence of REE bearing saprolites within the area of the historic drill holes. Drill hole CBRC005 reports TREO of 566ppm from 28 32m. However, the source of the REE in the saprolite is unknown. Furthermore, drill hole CBRC005 reports TREO of 200ppm at 100-104m down hole depth in fresh rock. Adam Range REE Project Tambourah Metals has increased its prospective exploration holdings for REE with 3 new licence applications (E 38/3800, P 38/4564 and P 38/4565) comprising 108km2. The Adam Range project is adjacent to the recently announced Mt Monger Resources highly anomalous TREO assay grades which confirmed that the REE mineralisation contains a significant proportion of valuable heavy, magnet and critical rare earth oxides with the elevated assays reported as broad zones of shallow REE mineralisation hosted by saprolitic clays above interpreted fertile basement granitoids and gneissic rocks. The Adam Range project is interpreted to have similar geology as the Mt Monger Resources Project. The geology at Adam Range comprises a folded metasedimentary sequence intruded by other granitoids. Next Steps: Tambourah Metals plans to develop the REE projects includes: Confirm REE grades and continuity at Achilles; Undertake systematic air core drilling; Commence compilation of the geological database at Adam Range REE Project. Announcement • Nov 21
Tambourah Metals Limited Announces L-C-T Pegmatites Exploration Expanded At Russian Jack Tambourah Metals Ltd. announce that Western Geospectral consultants have completed the analysis of a multi-client airborne hyperspectral data set at the Russian Jack lithium project. Hyperspectral remote sensing systems measure the spectral radiance of the earth's surface to identify and map minerals. The hyperspectral instruments do not directly detect pegmatite rocks but can measure the response of micas, clays, and other hydroxide bearing minerals. This mineral suite is of similar composition to those that may host lithium bearing pegmatites. Russian Jack is located 15km SE from Nullagine and hosts pegmatites with elevated lithium indicator geochemistry. The imagery shows a significant number of hyperspectral features with NW-SE, NE-SW and N-S orientations consistent with the pegmatites that have been mapped in the field by TMB geologists and with those visible on the detailed satellite imagery. The hyperspectral features are within the Bonney Downs Monzogranite which is part of the Split Rocks Supersuite known for hosting of pegmatites. Hyperspectral analysis was first applied to diamond exploration and has not seen widespread industry use in the search for pegmatites, however the hyperspectral features generated from the analysis confirm the 300km2 prospectivity of the Bonney Downs Monzogranite at Russian Jack. Tambourah Metals has applied for exploration license E46/1477, prospective for hosting L-C-T pegmatites. E46/1477 is east of the granted Russian Jack project and extends the project area by 105km2. Limited historic rock chip sampling on E47/1477 displays elevated lithium geochemistry pathfinder elements. MacArthur Lithium have reported they conducted helicopter reconnaissance over their tenure in 2015 and identified pegmatite swarms within ELA 46/1477, which was confirmed by the limited rock chip sampling program. ELA46/1477 has not experienced any further sampling since 2015. Announcement • Nov 15
Tambourah Metals Ltd Announces the Results of the Recent 14 Rock Chip Samples Collected At the RJ 101 Project Tambourah Metals Ltd. announced the results of the recent 14 rock chip samples collected at the RJ 101 project. These results showed elevated Rb, Sn, Cs, Ta and Nb, which are indicators of Lithium-Caesium-Tantalum (LCT) pegmatites. The Company has purchased the Tambina project, which is 3.03 km2, which contains elevated lithium and rubidium in historical stream sediment samples. TMB announced the results from a second field trip to the RJ 101 project, which is part of the larger Russian Jack lithium Project. Located 70 km southeast of Nullagine. the project is approx. 600 sq km with up to 300 sq km to be tested for potential L CT pegmatites. There are historical workings for tin and tantalum at several locations adjoining Tambourah's projects. TMB geologists have recently collected rock chip samples from pegmatite outcrops in the northern portion of E 46 /1420. The rock chip samples show elevated pathfinder elements Rb, Cs, Sn, Nb and Ta and Li assay grades to 550ppm Li. Particular focus was paid to the 500-metre-long pegmatite that displays continuous elevated Li and Rb assay results in 5 locations along its length. The project geology consists of Splitrock super suite granite and the Bonney Downs monzogranite. The Splitrock super suite consists of a suite of highly fractionated, post-orogenic granites and is a fertile source of Li-Ta-Sn bearing pegmatites. At North Tambourah the Company is completing the purchase of EL 45/3062 which will be explored for lithium and gold. The terms of the purchase of the Tambina property from a private investor total $5000 consisting of a deposit $1000 and the balance on transfer of title and Ministerial approval of Tambourah's exploration program. Historic stream sediment sampling at Tambina by FMG, returned elevated Li assay grades. The Company is planning to: Complete and review hyperspectral data for the entire Russian Jack project to prioritise access and sampling locations, Prepare exploration strategy and field activities with follow up sampling of high Li targets. Commence Heritage Survey at RJ and First pass sampling and mapping at the Tambina Li/Au project. Announcement • Nov 07
Tambourah Metals Ltd Announces Expert Geophysics Completes Proprietary Helicopter Based Airborne Magneto-Telluric Survey over Priority Targets at Bolgart East, Yerecoin, and Selects Targets at WH Sth Project Tambourah Metals Ltd. announced that Expert Geophysics has completed a proprietary helicopter based airborne magneto-telluric (MMT) survey over priority targets at Bolgart East, Yerecoin, and selected targets at the WH Sth project. The program consisted of the flying of 825-line km, at a line spacing of 400m. The survey collected: MMT data to define conductors; detailed magnetics along the flight lines; Digital Terrain Model (DTM) data; and Very low Frequency data (VLF), for additional mapping of conductors and geological structures. Preliminary apparent conductivity data has been provided to the company with the final data package expected in the next few weeks. The preliminary imaging show the presence of multiple conductors at each of the projects. Bolgart East: The Bolgart Survey consisted of 201-line km of flying adjacent to the town of Bolgart. The survey was designed to test for the presence of conductors associated with existing airborne gravity anomalies. The Bolgart East tenure is prospective for hosting Gonneville style Ni-Cu-PGE mineralisation within ultramafic rocks. Company geologists have identified scattered ultramafic rocks in subcrop at Bolgart East. The significance of these rocks with respect to the MMT conductors and the regional structures will be determined when the final data package is fully interpreted. Yerecoin: The Yerecoin Survey consisted of 244-line km of flying to the east of the town of Yerecoin. The survey was designed to test for the presence of conductors associated with existing airborne magnetic anomalies and significant regional structures. Yerecoin, like Bolgart East, is prospective for hosting Gonneville styles of mineralisation in ultramafic rocks. Gabbros have been identified in scattered subcrop at Yerecoin. WH Sth: The WH Sth targets are located within a 5 km radius of the Caravel Resources Cu-Mo Au project in an area that hosts multiple magnetic anomalies. The WH Sth Project is prospective for hosting both Caravel style of porphyry Cu-Mo-Au mineralisation and Gonneville style Ni-Cu-PGE. Ultramafic rocks have been identified in scattered outcrops in the region of the MMT survey. Multiple conductors were identified at WH Sth Central prospect. Next steps at Julimar Nth and WH Sth Ni-PGE-Cu: The final products including all digital data, images and inversion models will be delivered by Expert Geophysics with 21 days. The company, in conjunction with geophysical consultants, has designed a ground EM (MLEM) survey to test magnetic and MMT targets at Bolgart East and to the immediate south of the WH Sth MMT survey block. It is expected that this short program will commence in the next few weeks. Detailed analysis of all newly acquired Airborne and MLEM datasets will be undertaken. Access negotiations to enable drilling of the conductors will continue. Announcement • Oct 29
Tambourah Metals Limited, Annual General Meeting, Nov 29, 2022 Tambourah Metals Limited, Annual General Meeting, Nov 29, 2022, at 09:30 W. Australia Standard Time. Location: The Grevillea Room, Rendezvous Hotel Perth Central 24 Mount Street Perth Western Australia Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2022 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report. adoption of the Remuneration Report; to consider election and reelection of directors; to approve 7.1A mandate; to approve Employee Securities Incentive Plan; to consider amendment its Constitution. Announcement • Oct 07
Tambourah Metals Limited Reports Advancing Nickel At Julimar Nth and Achilles Tambourah Metals Ltd. identified airborne gravity anomalies at the Bolgart and Tolarno1 projects. Multiple magnetic targets have been found within the WH Sth project2. The project strike length of approximately 80km of prospective geology stretches from Wongan Hills to the south of Goomalling. The companyhas contracted Expert Geophysics to commence a proprietary helicopter based airbornemagnetotelluric (MT) survey over the priority targets at Bolgart and additional targets at WH Sth. The survey is due to commence in October with results expected approximately 6weeks later. "Magnetotellurics (MT) is a passive geophysical method which uses natural time variations of the Earth's magnetic and electric fields to measure the electrical resistivityof the sub-surface 3". Ultramafic rocks, prospective for hosting nickel mineralisation, have been identified at both Bolgart and WH Sth projects. The Yerrocoin project (E70/5408) is located 5kms north of Bolgart and approximately 10km east of the Caspin Resources Yarrawindah Ni-PGE discovery. The project has now been granted and the company will include exploration for Ni-PGE-Cu at Yerrocoin in their pending work programs. The Achilles Ni-PGE-Cu project is located 235km north of Laverton and 200km east of Wiluna WA. Tambourah geologists have identified 4 priority targets from detailed airborneEM surveys conducted in 2001 by WMC4. Historical drilling within the tenement immediately above the mineralised ultramafic unit intersected a thick porphyry unit which may represent potential remobilisation of Ni-PGE-Cu. 3D modelling by Tambourah geologists of the AEM data has shown that historic drilling failed to intersect the AEM target. Announcement • Sep 20
Tambourah Metals Limited Announces Extensive Pegmatite Swarms Identified At Russian Jack and High Grade Gold Rock Chips Reported At Tambourah Tambourah Resources Ltd. announced results of the data compilation that has described the presence of extensive pegmatite swarms at Russian Jack and high grade gold rock chip assay results from Tambourah Goldfield. Data compilation at Russian Jack has commenced on tenements E46/1420 and E46/1409. The compiled data includes the GSWA WAROX dataset which is described as: "WAROX (Western Australia Rocks) contains geoscientific data related to observations and samples collected in the field. The data covers themes such as outcrop geology, regolith geology, field photographs, geological samples, rock physical properties, petrography, paleontology and geochronology." The WAROX sites of significance within E46/1420 and E46/1409 are listed as: Tenement E46/1420 Location 1 Lithology Description: Medium- to coarse-grained; seriate to K-feldspar porphyritic biotite monzogranite. Field Notes: Here outcrop is net-veined by pegmatite dykes up to 0.5m wide. Outcrop locally shows moderately- well developed foliation associated with minor shears. Location 2 Lithology Description: Medium- to coarse-grained; weakly foliated; seriate to K-feldspar porphyriticbiotite monzogranite. Field Notes: Outcrop typically contains abundant pegmatite veins and dykes; trending to 070. This site corresponds to the elevated lithium grades reported previously by Tambourah Metals (ASX:2 September 2022, Expanding Lithium Projects at Russian Jack). Location 1 Lithology Description: Medium- to coarse-grained; seriate to K-feldspar porphyritic biotite monzogranite. Field Notes: Outcrop includes abundant pegmatite dykes and veins. Monzogranite shows alignment of biotite and K-feldspar; which is interpreted as a flow texture. Location 2 Lithology Description: Medium- to coarse-grained; seriate to K-feldspar porphyritic biotite monzogranite. Field Notes: Outcrop shows locally abundant pegmatite dykes; which are mineralogically layered. As reported 12 July 2022 (ASX: Additional Pegmatites Uncovered at Tambourah), Company Geologists have been undertaking rock chip sampling and mapping at Tambourah. The results of these samples have reported elevated gold assays in 4 of the 20 samples with a maximum gold assay grade of 16.9g/t being reported from an area where no previous elevated gold assay grades have been reported. Announcement • Sep 02
Tambourah Metals Limited Announces Results of Rock Chip Sampling at the Russian Jack Project Tambourah Metals Limited announced the results of rock chip sampling, with assay grades up to 1,420ppm Lithium at the Russian Jack Project. Two new exploration licenses recently granted take the total tenement area to approximately 250km of the Bonney Downs Monzogranite. Located approximately 220km from Port Hedland and 75km from Nullagine the Russian Jack project has historic Tin and Tantalum prospects and is highly prospective for hosting Lithium /spodumene bearing pegmatites. High Grade Assay Results: Tambourah geologists recently completed first pass mapping and sampling in the northern portion of the project. The limited sampling identified pegmatites in the northern portion of the project. Assay results for these samples reported grades of up to 1420ppm Li and 1930 Rb. Field mapping describes pegmatites from 1-20m wide with pegmatites striking north east through to easterly. Sample RJRK004 was sourced from a 10m wide pegmatite. Further mapping will be undertaken to define the full extent of the pegmatites at this location and to identify new locations in conjunction with analysis of the available hyperspectral dataset. Russian Jack New Exploration Licences: The new Russian Jack Project, tenements E46/1420, and E46/1423 are located within the Archaean Pilbara Craton of Western Australia, approximately 247km South-West of Port Hedland, and 25km south of Nullagine. The Exploration licenses adjoin existing granted tenements ELs E46/1409 and E46/1410. Russian Jack hosts Archaean aged rocks of the eastern portion of the Pilbara craton. It lies predominantly within younger granites (the Bonney Downs Granite) of the 2838Ma Split Rock Supersuite, a monzogranite which is chemically similar to other prospective post-tectonic granites within the craton. Lithium mineralisation has been identified on the northern contact of the Bonney Downs granite and the lithium association, as reported within the monzogranite, is characteristic within the Pilbara region. At locations including Moolyella, Pilgangoora, Wodgina and Mallina these evolved, highly fractionated intrusions act as the source for rare metal spodumene pegmatites which intrude into surrounding stratigraphy. Work completed on the Russian Jack project includes GIS compilation of available geoscientific data,first pass ground reconnaissance in part of the tenement package which has identified pegmatites in the field. Ground reconnaissance and rock chip sampling will commence in areas where anomalous Li and Rb have already been located in Tambourah data. The hyperspectral data will differentiate between pegmatites sourced from old batholithic granites and the fractionated younger pegmatites which have the potential to host lithium mineralisation. Ground reconnaissance on priority targets will commence in fourth quarter followed up with detailed surface geochemistry to proceed to drilling approvals. Announcement • Aug 25
Tambourah Metals Limited Announces Gold Results At Tambourah Tambourah Metals Limited announced gold results at Tambourah. First drill results at Federal includes 1m@5.31g/t Au (TBRC015). High Grade Gold Intercepts from the 2022 RC drilling at Tambourah include: 22m @1.38g/t Au; incl. 3m@7.78g/t Au; and 2m@6.57g/t Au (TBRC002). 2m@3.77g/t Au (TBRC003); 2m@1.63g/t Au; and 6m@ 1.03g/t Au (TBRC018); Drilling confirms and extends the geological model for the Tambourah Gold Field. The March 2022 drill campaign consisted of 2,527m of RC drilling at 5 gold prospects at Tambourah Gold Field: Tambourah King, Western Chief, Western Chief south, Federal and Kushmattite. The Federal line consists of sporadic shallow historic workings which have never been drill tested. Drilling at Federal returned an assay grade of 4m@1.8g/t Au (from 48m) incl. 1m@5.31g/t (from 50m). The mineralisation at Tambourah appears as moderately to steeply dipping narrow high-grade shoots surrounded by a halo of lower but anomalous grade gold. The mineralised shoots are pyrite and quartz rich, against pyrite poor host rocks. The mineralisation is surrounded by a narrow but distinct halo of carbonate and silica alteration. Current modelling of the mineralisation at Tambourah shows a series of up to 7 narrow north-south oriented "lines of lode" each lode separated by approximately 100m. Internal to each line of lode are mineralised shoots that contain the gold mineralisation. The current drilling has increased the number of lodes at Tambourah from 5 mineralised lodes to 7 mineralised lodes. The drilling at Western Chief was designed to test beneath historic shallow drill results including 1m@4.4g/t and 1m@6.0g/t and the drilling at Kushmattie was in an area containing historic drill results including 10m@10.6g/t Au from 35m and 8m@13g/t Au from 36m.1. Announcement • Aug 15
Tambourah Metals Limited Appoints Peter Batten as Director Tambourah Metals Limited advised that Peter Batten has been appointed as a director of the Company. Mr. Batten is a geologist with over 30 years experience developing resources as a geologist, mine manager and consultant. Mr. Batten holds a BAppSc(Geol), a quarry managers certificate and is a member of AusIMIM. Peter has been integral in the development and operation of nickel, gold, graphite, uranium and iron and other related projects. Mr. Batten has worked in Papua New Guinea, Australia, Argentina, Guinea, Indonesia, Namibia, New Zealand, South Africa, Sweden, USA and Zimbabwe. As a director of MCB Resources Limited in 2018/19 Mr. Batten was part of the technical team that discovered the porphyry copper and gold deposit in North Bougainville. Mr. Batten is currently the Managing Director of Carbine Resources Limited. He has previously been appointed to the position of Managing Director at Bannerman Resources Limited and White Canyon Uranium Limited. He has held directorships in several other listed ASX companies. Announcement • Jul 12
Tambourah Metals Limited Announces Additional Pegmatites Uncovered At Tambourah Tambourah Metals Limited announced that following a field trip in April, further pegmatites were identified at three locations within the Tambourah project. Rock chip samples were assayed at Labwest for a full suite of pegmatite elements. Of the 17 samples, 12 reported elevated rubidium results in the range of 151-842 ppm. Four samples show elevated lithium grades in the range of 95-226 ppm. Tambourah geologists have since completed a second field trip to the Tambourah Mineral Field. New pegmatites were identified, mapped and sampled with several of these pegmatites being in the preferred G2 orientation 1. 21 rock chip samples of pegmatites were delivered to the lab for analysis. The samples are located proximal to the granite-greenstone contact that is becoming a regionally significant pegmatite exploration target. Announcement • Jun 14
Tambourah Metals Ltd Receives the Assay Results from Tambourah King Tambourah Metals Ltd. announced that it has received the assay results from Tambourah King. The results of the remaining 20 holes, are expected to be reported in the upcoming weeks. The samples were assayed using 50g fire assay at ALS Perth and all the assay grades. The significant assay results represent 1m split samples with a small number of intermixed 4m composite samples. The March 2022 drill campaign consisted of 2,527m of RC drilling at 5 gold prospects at Tambourah: Tambourah King, Western Chief, Western Chief south, Federal and Kushmattite. Geological interpretation The assay results were obtained from shallow down hole depths (20-44m). This represents the immediate down dip and down plunge positions of the mineralisation which was mined in the historic high-grade gold workings. The full extent and geometry of the mineralisation at Tambourah King is yet to be understood. The mineralisation is currently open in all directions. Future drill programs will define the size of the mineralised shoots. Geological interpretation of the assay results within the context of the structure, alteration, quartz veining and sulphide content is continuing. Cross sections of TMBRC001-TMBRC003 are shown in Figures 2 and 3. The cross sections are approximately 70m apart. Next Steps Tambourah Metals plans to: Submission of further samples from the drill program Model the mineralisation Heritage surveys have been designed and heritage notices submitted to enable further drilling. IP survey to define the extensions of the mineralised shoots. RC and diamond drill programs planned. Announcement • Jun 09
Tambourah Metals Ltd Advances Gold Exploration Tambourah Metals Ltd. has three prospective gold projects which include Tambourah, Nullagine and Cheela. Tambourah completed 2,527m of RC drilling at Tambourah Gold Field in March 1 with assays currently being processed by ALS. Results are expected within the next few weeks. Following receipt of the assays, Tambourah will interpret the results in the context of the historic workings to better understand the mineralisation and plan additional drilling. Geological logging during the March 2022 drilling showed that the mineralised zones are defined by increased quartz veining, increased carbonate, and silica alteration and elevated concentrations of disseminated pyrite. The host basalt is unmineralized with respect to the concentration of disseminated pyrite. Due to the increased pyrite content in the mineralised zones the Tambourah Mineral Field is amenable to IP surveying, to search for mineralised shoots. The Nullagine Project, located 10km to the east and southeast of Nullagine, is highly prospective for hosting gold and lithium mineralisation in the Mosquito Creek Basin. Tambourah recently applied for a further five prospecting license applications covering 8.7km2 at Nullagine. The total tenement package at Nullagine is 38 prospecting license applications covering 66.8km2. The tenements have been pegged by TMB-Nullagine, a wholly owned subsidiary of Tambourah . The fine-grained sediments of the Mosquito Creek Formation that, to the immediate north of the Tambourah tenure hosts a number of operating mines, historic gold workings and several published gold resources. The Titanic south prospect, which sits north of Tambourah 's tenements, hosts 6 historic drill holes2. The mineralised intercepted are reported in quartz stockwork veins within the host Mosquito Creek Formation sediments. Additionally, Calidus Resources Ltd4 announced a published an indicated and inferred resource of 300,000t of gold ore, at Blue Spec, with a grade of 16.7g/t for a total of 171 000 Oz Au 4. Minedex reports 270 historic gold mines in the vicinity of the Tambourah Nullagine project. Many of these report high grade historic results. The historic Garibaldi workings, with a reported historic grade of 22.7g/t are significant as they are located on Tambourah tenure PLA46/2090. Garibaldi will become an immediate priority focus of exploration by TMB. The Cheela Gold Project is located approximately 50km west-northwest of Paraburdoo on the Nanjilgardy fault, which hosts the Paulsens gold mine to the northwest and the Mt Olympus gold mine to the SE. Cheela hosts significant historic exploration results 5 which have never been followed up. Tambourah has designed RC drill holes to test beneath and along strike from these historic drill results. Announcement • May 19
Tambourah Metals Limited Provides Drilling Update Tambourah Metals Limited announced The Achilles Ni Project is located 200km north of Laverton and about 190km east of Wiluna, Western Australia. The Project comprises two granted Exploration Licences (E38/3317, and38/3153). The tenement package covers an area of approximately 22,654 ha. The Achilles tenure hosts 2 named prospects Windidda South (prospective for hosting Au mineralisation) and Achilles (prospective for Ni mineralisation). The results of the TMB geologists reprocessing public geophysical data sets have demonstrated that a significant portion of the Achilles Ni project remains untested through the historic drilling. The reprocessed EM and magnetics depict the Windidda South and Achilles prospects are situated on a large deep-seated structure which may control the location of regional mineralisation. Two additional targets, located between Windidda South and Achilles have been identified in the new geophysical interpretation. TMB plans to undertake the following ongoing activities In Q2/Q3 2022. Completion of the assessment of the historic data. First pass assessment, geological mapping, and rock chip sampling. TMB has a PoW application in place to facilitate proposed drilling of the new targets. Engagement of drilling contractor to undertake the TMB maiden drill program at Achilles. Announcement • Apr 06
Tambourah Metals Limited Announces the Completion of 23 RC Holes for 2,527M First Pass Drilling at the Tambourah Gold Field Tambourah Metals Limited announced the completion of 23 RC holes for 2,527m first pass drilling at the Tambourah Gold Field. The drill targets were along strike from, and beneath, the historic workings at Tambourah King, Western Chief, Western Chief South, Federal and Kushmattie. Drilling confirmed the presence of sulphides and quartz veins in the interpreted mineralised zones within the barren amphibolite host rock. All samples have been submitted to ALS laboratories in Perth, with results expected to be returned in approximately 3 months. The geological logs will be compiled in the coming weeks and cross sections of the geological results modelled to increase the understanding of the geological model for the mineralisation at Tambourah. An improved geological model will assist with refined drill targeting. The drilling at the historic Federal Workings was completed using a 2021 DMIRS EIS grant. Pegmatite Exploration: Pegmatites are hosted in the Soansville Group Formation which hosts Pilbara Minerals' Pilgangora Lithium Deposit 226Mt @ 1.29% Li2O and Mineral Rersources' Wodgina Lithium deposit 236Mt @ 1.2% Li2O. Company geologists Dr Peter Kovac and Kelvin Fox undertook first pass prospecting at Tambourah Gold project and identified the presence of pegmatite rocks at several sites across the project area. Follow-up prospecting is being undertaken to assess these initial sites and more widely across the project to identify more potential pegmatite sites. The pegmatites appear to occur in 3 geological settings: At the contacts of granites and greenstones. Wholly within the granites. Wholly within the greenstones. These geological settings are consistent with the regional settings for hosting pegmatites within the broader Tambourah district. Announcement • Feb 25
Tambourah Metals Ltd Announces Multiple Exploration Targets Identified at Wongan Hills South Tambourah Metals Ltd. announced the results of the recent WHS project data review. WHS is part of the company's larger Julimar North Project. 17 exploration targets have been identified for immediate follow-up with ground truthing, rock chip sampling and permitting to enable drilling to occur. The WHS database, including all available geophysics was supplied to the TMB geophysical consultant to undertake a review of WHS tenements and to recommend targets for first pass ground electro-magnetic survey surveying. The updated magnetic image over WHS was the basis of the project review. The WHS project has been divided into the northern and southern areas. The northern area hosts 13 magnetic targets of immediate interest. The southern area hosts 4 magnetic targets of immediate interest. Next Steps: Electromagnetic ground geophysics is being designed to follow up on the magnetic targets. Permitting and obtaining access agreements with the landowners to undertake exploration and drilling has commenced and is ongoing. Data compilation is continuing across WHS and the wider Julimar project area to define further targets for ground geophysical and surface geochemical surveying. Announcement • Jan 30
Tambourah Metals Limited Announces Results of the Gravity Survey That Was Flown in October Tambourah Metals Ltd. announced the results of the gravity survey that was flown in October. Multiple airborne gravity anomalies, indicative of denser rocks which may host Ni-PGE-Cu mineralisation have been identified at both Bolgart East and Tolarno Projects. Ground EM survey designed to test the densest rocks for the presence of conductive mineralization are currently being refined. Contractors to undertake the ground EM at Bolgart and Tolarno have been engaged, with this work anticipated to commence first quarter of 2022. Bolgart East and Tolarno Gravity Results: The airborne gravity survey results for Bolgart show the presence of seven Priority 1 gravity targets, and the airborne gravity results for Tolarno show the presence of five Priority 1 gravity targets. Julimar Nth Exploration: At Wongan Hills (WH Sth Project) geophysical assessment of the magnetic data has commenced. TMB geophysical consultants will define magnetic targets from the publicly available data and determine areas that may be prospective for hosting Ni-PGE-Cu mineralisation. This information will be followed up with ground EM. Permitting to enable field work to be undertaken has commenced and is ongoing. Tenements at Mogumber West and Bindoon which is located 12 and 20 km north east of the Chalice-Julimar Ni-PGE-Cu deposit have now been granted and ground reconnaissance and sampling has commenced. The TMB geophysical consultant will include these projects and review the prospectivity of these tenements for hosting ultramafic rocks which may host Ni-PGE-Cu mineralisation. Local Geology: The GSWA has remapped the south west Yilgarn district at a scale of 1:100 000. This mapping highlights the presence of ultramafic rocks, prospective for hosting PGE-Ni-Cu mineralisation over significant portions of the TMB Julimar North tenure. TMB is currently compiling all available datasets. Announcement • Jan 24
Tambourah Metals Limited Announces Drilling on Track to Commence At Tambourah Goldfield Tambourah Metals Ltd. announced that a new geophysical interpretation by geophysical consultants has identified significant tenement wide targets for gold mineralisation at the Tambourah project. An RC drilling program is planned to follow up on historic drilling at the Tambourah King, Kushmattie, Federal and Western Chief workings and to provide first-pass testing of the new geophysical targets. In December 2021 TMB completed auger soil sampling over the northern magnetic targets, including the Federal line of workings. The result of this sampling is expected in First Quarter 2022. Dr. Mark Rieuwers completed a study of the mineralisation at Tambourah Project. As part of this study a 3-dimensional model of the mineralisation at Tambourah Project was made. This model, which has been used in drill targeting, shows that the mineralisation in the old workings is plunging to the north. Geophysical Interpretation: During Fourth Quarter 2021 TMB acquired high resolution airborne magnetic and radiometric data over the Tambourah Mineral Field from a 2016 survey. Three significant potential gold mineralisation target zones were identified, from the reprocessed and interpreted data, by the TMB geophysical consultant. The company commissioned a geophysical reprocessing and interpretation of a 25-metre line spaced survey which was completed in 2016. Priority 1 zone-extends north-south along the full length of the tenement package and includes most of the historic workings. The new interpretation extends this prospective zone 4.1km to the south, and below the historic workings. Priority 2 zone-includes the Federal Line of workings and consists of 6 discrete north-south oriented targets zones over the full strike length of the tenure. Priority 3 zone- extends north-south along the full length of the tenement package and includes a fundamental crustal structure not previously identified. The drillhole database presented in the TMB prospectus is the basis of new long section presentations used in drill planning, along with the geophysical interpretations of deep-seated targets. Up to 30 drill holes to test the strike extent of the historic workings and the priority 1 geophysical target have been designed and permitted. A heritage notice has been lodged to complete heritage surveying prior to drilling. It is anticipated that the heritage survey will commence early February with drilling to commence shortly thereafter. The Company has applied for 2 mining lease applications covering P45/2869 & P45/2870 and P45/2868 & P45/2871. Announcement • Nov 29
Tambourah Metals Limited Provides Exploration Update Tambourah Metals provided an update on exploration activities on their WA gold and critical minerals projects. Expanded land holdings for a total of 1,140km2 Recently updated and released GSWA 1:00 000 scale geological mapping highlights significant areas of ultramafic rocks prospective for hosting PGE-Ni-Cu. Airborne gravity survey completed in early November 2021; results to be reported mid- December 2021. Geophysical contractors engaged to undertake ground MLEM surveys First Quarter 2022. Drill program designed to follow up historic drill results between and along strike from the Historic gold mines and to test new targets. Approvals and Heritage agreements in place to accelerate exploration. Heritage survey planned for Dec. 2021. Program approved for RC and AC drilling which is planned to drill along the 7km strike length of historic high grade drill results. 2 New Tenement Applications expands battery minerals project at Russian Jack to 510km2. The GSWA has remapped the SW Yilgarn district at a scale of 1:00 000. This mapping highlights the presence of ultramafic rocks, prospective for hosting PGE-NI-Cu mineralisation over significant portions of the TMB Julimar North tenure. TMB is currently compiling and evaluating all available datasets over the Julimar District. An airborne gravity survey was completed over Bolgart East and Tolarno projects during early November 2021. The data is currently undergoing preliminary processing before TMB geophysical consultants will undertake further processing during the first week of December. The final fully processed results will be delivered to TMB mid-December. A ground EM survey to test any targets The WHS project1 has been reviewed with the new GSWA mapping and the regional magnetics. The WHS project is located within 5km of the Caravel Minerals recently released Cu-Au- Mo resource. TMB has been granted a PoW to enable drill testing of historic workings to follow-up previous RC drill results adjacent to historic workings and to test new areas of prospective geology with a 63 RC hole program. The program will be drilled in 2 stages. Stage 1 will consist of drilling 30 holes during First Quarter 2022. Heritage Agreements have been signed and a heritage survey is proposed to commence in December 2021. Announcement • Aug 20
Tambourah Metals Limited Announces Exploration Activities Commence Tambourah Metals Limited announced that field reconnaissance and logistics planning is underway at the Tambourah Gold Project, with a geological team travelling to site later this week. The team will be inspecting proposed targets and drilling locations ahead of the commencement of drilling in September. The planned 1,500m RC programme is designed to test additional mineralisation along the Western Chief section of the Tambourah Gold Project, with a view to further extend known mineralisation. The Tambourah gold project lies along a mineralised greenstone belt proximal to significant gold projects and operating gold mines. While on site the geological team will also: Conduct a geological review of historical dredging claims on the tenement which the Company believes were mined for Tin-Tantalum. Commence geochemical exploration including rock-chip sampling for mineral system modelling. Ni-PGE Exploration at Julimar North (80%): The Company has two granted exploration licenses and two applications at Julimar North. At Bolgart East and Tolarno, the Company has commenced work on access agreements and site reconnaissance. Contracts for geophysical surveys are being reviewed. The Company is progressing the grant of the Mogumber and Yerecoin exploration license applications and heritage agreements have been signed. 