Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4

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07/08/24

09:16

Post #: 75102636
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Originally posted by veeone: ↑

Highlights:
- Sales revenue increasing: cash receipts of $612K including $411K on 97.5 tonnes of copper sulphate pentahydrate during the quarter and receipt of $201K from earlier sales of zinc slag.
- Process optimisation is underway to reach a target production of at least 5 tonnes per day. - Metallurgical hole D15 assays and testing are underway.
- Tartana Copper project (45,000 t Cu at 0.45% Cu using a 0.2% Cu, further details below)1 studies are underway to establish copper flotation recoveries, concentrate grades and Tomra ore sorting upgrades on a 650 kg bulk sample.
- New EPM 29067 application (Bottle Bird) adjacent to the Tartana Copper project lodged. - Landholder Standard Conduct and Compensation Agreement (SCCA) executed on Beefwood EPM 26399, Maid EPM 27735 and mining lease applications for Mountain Maid gold and Cardross copper.
- Ms Shuyi (Kiara) Wang appointed as a director on 17 July 2024.
- Significant financings completed in the quarter: repayment of a A$1 million convertible note, raising $1.5 million in a rights issue and shortfall placement at $0.05, and borrowing $0.3 million from another party.
- Name change completed from R3D Resources Limited to Tartana Minerals Limited.

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this is a problem and is what's keeping me just an observer atm .......

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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4

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