With their Jumbuck Gold Project (“Jumbuck”, or ‘“the Project”), Tyranna Resources (“Tyranna” or “the Company”) has a highly prospective gold (and base metal) project in the Gawler Craton of South Australia. Part of the holdings are held under the Western Gawler Craton Joint Venture (“WGCJV”) with a subsidiary of WPG Resources (“WPG”), with WPG operating the Challenger Gold Mine central to Jumbuck and with Challenger historically producing ~1.2Moz of high gold at a grade of ~5.1g/t. Results of exploration to date have highlighted the prospectivity for Challenger style mineralisation, with the resources of 219koz of gold estimated thus far heading towards the target of 500koz, which the Company considers may be a critical mass to look to development studies.
