Tali Resources Ltd (ASX: TR2) has officially commenced trading on the Australian Securities Exchange following the completion of its IPO, which raised gross proceeds of A$7.5M at A$0.20 per share. The offer included a fully subscribed A$2.0M priority allocation to eligible Agrimin shareholders.
With funding secured, Tali is preparing to launch its initial drilling campaign at the West Arunta Project in Western Australia. Reverse circulation (RC) drilling is scheduled to begin in August, targeting high-priority prospects including Chilka, Lonar, Maton B, and Maton C. The 4,174km² project area is considered prospective for a range of mineralization styles, including iron oxide copper gold (IOCG), sediment-hosted copper, rare earths, niobium-bearing carbonatites, and orogenic gold.
The company is led by an experienced exploration team and plans to deliver updates as exploration progresses.
To find out more, please visit www.taliresources.com.au
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