Cash and Cash EquivalentsAs at 30 June 2021, Tanami Gold NL...

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    Cash and Cash Equivalents
    As at 30 June 2021, Tanami Gold NL (“Tanami” or the “Company”) had available cash of $28.31 million.
    Northern Star Resources Limited Shares
    As at 30 June 2021, the Company has 500,000 shares in Northern Star Resources Limited (“Northern Star”) remaining.
    Joint Venture with NST
    The respective interests in the Central Tanami Project (“CTP”) of Tanami and Northern Star at the date of this report remain
    at 60% and 40%.
    As announced on 10 May 2021 that, after carefully considering various options, the Company has entered into a binding
    agreement with Northern Star and its wholly owned subsidiary Northern Star (Tanami) Pty Ltd to establish a new 50/50 Joint
    Venture covering the Central Tanami Project.
    Pursuant to the terms of the new agreement, and pending Shareholder approval at the Company’s EGM to be held on
    17/08/2021
    , Northern Star will acquire a further 10% of the project for $15m cash on completion and a 50/50 Joint Venture
    Management Company independently staffed will manage the project. Tanami and Northern Star will be jointly responsible
    for funding all exploration and development activities to be carried out through the Management Company and the previous
    Heads of Agreement will be terminated on completion (see ASX release 10/05/2021).

    Not much happening in regard exploration for the 1/4 with Granites just down the road and rainfall so it seems the next bit of movement is in just over 2 weeks time when the joint venture with NST is voted on then the CTP will be independently managed so the slow TAM releases should get a real shake up with appointments and refurbishment of the plant.
    Plenty of cash at hand with $28.31m + the 500,000 NST shares and if the vote goes through for the joint venture another $15m so we have a good prospect of seeing $43m in cash plus the NST shares ($4.9m) no debt and heaps of losses in just over 2 weeks time.

 
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(20min delay)
Last
5.6¢
Change
-0.002(3.45%)
Mkt cap ! $65.80M
Open High Low Value Volume
5.7¢ 5.7¢ 5.6¢ $5.22K 91.97K

Buyers (Bids)

No. Vol. Price($)
2 97024 5.6¢
 

Sellers (Offers)

Price($) Vol. No.
5.8¢ 80602 1
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Last trade - 15.05pm 31/07/2025 (20 minute delay) ?
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