Tyranna Resources Company Profile

Tyranna Resources

AN AUSTRALIAN JUNIOR GOLD COMPANY MOVING FROM EXPLORER TO PRODUCER WHILE DRILLING PROSPECTIVE EXPLORATION TARGETS
Company Exposure

Gold

Company Listing

Tyranna Resources

Stock Code

ASX: TYX

Company Overview



Tyranna Resources Limited is an ASX listed resources company, currently transforming into a producer following the acquisition of the Eureka Gold Mine. Grade control drilling for the planned cutback along with planned exploration drilling outside of the known pit mineralisation is in the pipeline for 2018.

Tyranna is also focused on the large Jumbuck Project in the Northern Gawler Block of South Australia, with the aim to explore for high grade open pit, gold mineralisation within trucking distance of the Challenger gold operations. The Challenger gold operations is owned and operated by Tyranna’s joint venture partner WPG Resources Ltd.

Jumbuck is a highly prospective and underexplored area, similar in style to the Albany/Fraser belt adjacent to the Yilgarn Craton in Western Australia which is host to the large 6.3 Moz Tropicana gold deposit. Tyranna controls over 9,762 km2 of ground in this area, which also hosts the Challenger gold mine (owned by WPG Resources Ltd). Challenger has produced in excess of 1 million ounces of gold to date. The Jumbuck Project has numerous gold occurrences over large areas, demonstrating strong potential for significant resources of shallow oxide ore, repeating Challenger style deposits.

Tyranna’s strategy is to target those more advanced gold prospects which are situated within 50 km’s of the Challenger gold processing operations and increase the economic scale of these prospects via focused and extensive exploration drilling.

Investment Highlights

  • Kalgoorlie – Eureka Gold resource definition drilling in December 2017 to Feasibility Study
  • Exploring for a LARGE HIGH GRADE GOLD discovery – drilling now at Jumbuck
  • Proximity to JV partner’s producing mine – Challenger Gold Processing Plant operated by WPG Resources Ltd = future toll treatment opportunity
  • Extensive drilling programme completed in 2017 calendar year
  • Resource upgrade to be calculated at end of current programme – maiden resource at Typhoon to be included in global resource of 219k Au Oz
Team

Geoffrey Clifford – Non-Executive Director and Chairman
Bruno Seneque – Managing Director
Nick Revell – Technical Director
Joseph S. Pinto – Non-Executive Director

Major Shareholders

Alliance Resources Limited (ASX: AGS) – 12.64%
Admark Investments (Joseph Pinto) – 7.94%
Mr Malcolm Thom – 2.62%
Central West Resources Pty Ltd (Central Iron Ore Ltd) – 2.61%
Hans-Rudolf Moser – 2.13%

Live Financials

Latest Announcements

Share Price Performance

Projects Overview


  • Eureka Gold Project
  • Jumbuck Gold Exploration Project
    • Challenger Mine
    • Greenewood Gold
    • Typhoon Gold
    • Campfire Bore
  • Wilcherry Hill JV
Eureka Gold Mine

Feasibility Study Key Results

  • Transformational acquisition from explorer to producer
  • New growth strategy focused on near term production acquisition
  • Operating open cut gold mine – currently subject to development by third party
  • Historic Mineral Resource of 451,000 at 4.4 g/t gold for 64,200 oz of contained gold.
  • Close proximity to processing mills
  • Approvals submitted for resource definition drilling commenced in January 2018

Proposed Activities to Continue Mining

  • Drill programme to upgrade NI 43-101 resource to comply with JORC 2012 – January 2018
  • Feasibility study
  • Approval process to continue mining
  • Toll treatment agreement with nearby mills
  • Exploration on additional targets to extend operations

Jumbuck Gold Exploration Project

  • Largest holding (+9,700km2 ) of tenure surrounding the Challenger Gold Mine
    • High grade gold – surface to 1km
    • 1Mill oz @ 6g/t Au since 2002
    • 108,000 oz @ 9.52g/t Au at its peak (2005-06)
    • New zones discovered during mining
  • Challenger mill is a toll treating opportunity for Tyranna
  • $20M spent historically on exploration
Greenewood Gold Prospect- TYX First Significant Discovery

  • Now diamond drilling (1,000m)
  • Drilling hits pipe like, plunging, “Challenger” type structure
  • 22m @ 4.03 g/t gold from 50m – from scissor hole (hole 020) including
  • 1m @ 20.4 g/t gold 51-52m
  • 1m @ 36.9 g/t gold 55-56m
Typhoon Gold Prospect

  • Drilling (2,274m RC) – completed in August 2017
  • Diamond drilling to test deeper high grade hits
  • Maiden resource to be estimated after drilling
  • All Tyranna gold results within 70 metres from surface = open pit potential
  • Best gold intercepts positioned on or near magnetic highs
  • NE/SW magnetic feature remains open along strike at both ends
Campfire Bore Prospect

    • ncrease resource by drilling 200m untested strike south of 16CBDH001 – 19m@1.01g/tAu inc 7m@1.9g/tAu
    • Central zone open at depth. To be drill tested – potential to increase resource.
    • Structure open to the north and down dip
    • Mineralised strike 1.5km
Highlight intercepts include:

  • 22m @ 4.03g/t Au from 50m
  • 10m @ 5.16g/t Au from 31m
  • 14m @ 5.8g/t Au from 35m
  • 8m @ 4.08g/t Au from 20m
  • 6m @ 6.81g/t Au from 53m
  • 3m @ 8.26g/t Au from 26m
  • 6m @ 2.17g/t Au from 36m
  • 8m @ 3.35g/t Au from 55m
Wilcherry Hill JV – Weddnanna

 

  • Bonanza gold intersections discovered and drilling programmes continue to return high-grade gold results
    • 16m @ 22.11 g/t Au from 104m in 17WDRC067 (Target 4)
    • 8m @ 14.52 g/t Au from 60m in 17WDRC057 (Target 2)
    • 48m @ 2.37 g/t Au from 44m in 17WDRC051 (Target 1), including 24m @3.91 g/t from 44m
    • 14m @ 36.1g/t from 118m(inc. 5m @ 95.6 g/t Au from 120m) and 7m @ 7.4 g/t Au from 147m (incl. 1m $0 g/t Au from 149m)
    • 49m @ 6.3 g/t Au from 45m (incl. 21m @10.7 g/t Au from 48m)
    • 2m @ 61.1 g/t Au from 167m
    • Drilling to continue in February 2018

Contact Details

WEBSITE: www.tyrannaresources.com

EMAIL: info@tyrannaresources.com

PHONE: +61 8 9485 1040

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