TYX 0.00% 0.5¢ tyranna resources limited

Ann: Tyranna executes Offtake Agreement with Sinomine, page-11

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  1. 256 Posts.
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    It is easy to be despondent about our company`s prospects with the share price sitting at 1.8c. However, we should all be comforted by the arrival of Sinomine as our joint venture partner. They are experienced resource developers and have closely examined the exploration results todate. To say they are impressed by the prospectivity of our lithium deposit is a huge understatement. After only a few holes drilled, they plan to invest $31mil , which includes the purchase of 20% of the project. On top of that they have executed a binding offtake agreement. Providing this agreement at such an early stage of exploration is Extremely Rare. The scale of this project is huge and has the makings of a Tier 1 deposit. Sinomine are extremely confident of the potential here and have got in very early to secure their interest. We all have to be patient and let the drill bit do the talking. I topped up recently at 1.8c, what a bargain!!
 
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