Encouraging Report

Found the following report published on 27 March 2024, through the Financial Times for the dual listed Tennant Minerals (ASX:TMS), (FRA: UH7A) which concluded -

"Copper costs more than US$4 per pound. Gold is trading at a historic all-time high of just under US$ 2200 - and gold is also more expensive than ever in Australian dollars: yesterday, AUD 3,334 was paid per ounce of gold.

This means that the conditions for the development of a potential stand-alone operation at Tennant Minerals' Bluebird project are historically favorable.

It is unsurprising that the initial metallurgical tests have been successful given that the mineralization intersected at Bluebird is typical of other high-grade copper-gold orebodies previously mined in the Tennant Creek mineral field. The historic mining camp produced more than 5.5 million ounces of gold and over 700kt of copper between 1934 and 2005.

If Tennant proves sufficient critical mass with the first mineral resource, Bluebird could be at the beginning of a renaissance of the Tennant Creek mineral field, as there is much to suggest that there could be more Bluebird-like deposits along the 2.5km Bluebird-Perseverance corridor.Tennant is the first company to pursue this hypothesis using modern exploration methods.

For this reason, the Tennant story could become much bigger in the future than the history of the Tennant Creek mineral field suggests."