- Corporate and strategic review commenced under new management
- Review focused on unlocking the value of base and precious metals portfolio
- Field reconnaissance and desktop geological review underway
- Independent technical and economic review of copper sulphate production underway
Tartana Minerals (ASX: TAT) is ramping up a range of activities following an extraordinary general meeting in mid-August which effected a change in board leadership.
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The board has commenced a wide-ranging corporate and strategic review covering operations, financial position, corporate governance and its tenement portfolio.
EC, Sonny Didugu, said the review is identifying how to best unlock the value of the company’s expansive portfolio of base and precious metals projects in a responsible and sustainable manner.
“Shareholders gave us a decisive mandate for change at the extraordinary general meeting. In the days since, we have immediately commenced a wide-ranging review of the company’s operations, assets and forward plan,” Mr Didugu said.
“Tartana holds an expansive and genuinely prospective portfolio of base and precious metals projects with one of the largest tenement positions in the Chillagoe and Herberton regions but has not scratched the surface of what this portfolio holds.
“We have immediately commenced both an on-ground field reconnaissance program and a desktop geological review to confirm priority tenements. We aim to deliver a focused, funded, and achievable exploration plan to shareholders.
“Securing land access arrangements at Nightflower – our most prospective silver project – and immediately commencing road access works, is an important milestone towards the first drilling on this project since 2008.”
The company is currently drilling at our Tartana Mining Leases, targeting copper, and intend to shift soon to Nightflower, targeting silver.
At the EGM resolution to remove Stephen Bartrop and Mat Hancock as directors were carried and a resolution to remove Alistair Lewis as a director was withdrawn, following his earlier resignation.
In February 2026, the company, under previous management, set out its intention to drill at least 10,000 metres in 2026 across targets predominantly targeting silver and gold.
Mr Didugu said no such drilling has occurred at these prospects. To date, 1,500 metres of resource extension drilling have been completed at Tartana Copper.
The board is currently conducting a comprehensive desktop geological review of all historical exploration data across the entire portfolio, supported by field reconnaissance on priority tenements. This aims to ensure informed decision-making for future exploration priorities. The Board is also reviewing the drilling program to develop a realistic, well-funded, and properly sequenced exploration strategy.
TAT was steady at 1.8¢. Mkt cap $7.822M.
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