Join our daily newsletter At The Bell to receive exclusive market insights
- Tambourah Metals (TMB) granted two additional tenements in the Julimar North project which lies within the highly prospective Julimar region of WA
- Significantly, the Bindoon South and Mogumber West tenements are located in the same region as Chalice Mining’s (CHN) world-class Julimar and Gonneville discoveries
- The newly-granted tenements strengthen TMB’s landholding in the area to 1127 square kilometres — making it the second largest landholder in the Julimar district after Chalice
- Tambourah will now begin heritage and landowner access negotiations to accelerate exploration activities
- TMB’s shares are up 7.84 per cent to trade at 27.5 cents
Tambourah Metals (TMB) has been granted two additional exploration licences at the highly prospective Julimar North project in Western Australia.
Significantly, the newly-granted licences lie within the Julimar region which contains multiple significant mineral deposits and is situated on significant regional magnetic structures.
It’s also the same region in which Chalice Mining (CHN) made its world-class nickel-copper-platinum group element (PGE) project discovery as well as the discovery of the Gonneville Intrusion — both of which are located south of Tambourah’s new tenements.
The Bindoon South and Mogumber West tenements cover a combined area of 63.3 square kilometres and strengthen TMB’s overall landholding in the area to 1127 square kilometres. This makes Tambourah the second largest landholder in the Julimar District.
Tambourah plans to commence heritage and landowner access negotiations to accelerate
exploration activities on the Bindoon South and Mogumber West areas.
The company also recently completed a gravity survey at its Bolgart East and Tolarno tenements with the data now being processed and plans to follow-up with ground electromagnetic work.
TMB’s shares were up 7.84 per cent to trade at 27.5 cents at 1:02 pm AEDT.
