TMS tennant minerals limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

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    ...The new drilling has also intersected thick zones of intense copper mineralisation at shallower depths to the east of the previously drilled zone, effectively doubling the strike-length of the Bluebird mineralisation to 500m and extending the zone to within 60m of surface. The mineralisation remains open in all directions and further drilling is planned (Figure 4)...
    ......
    Cash Position
    Tennant Minerals expenditure during the Quarter was $1.091 million, including $839k (76%) on in-theground exploration. Payments to related parties of the entity and their associates was limited to payment of director fees, superannuation and consulting fees totalling $50k. The cash position of the
    Company as at 30 June 2023 was $4.370 million.
    ......
    Further drilling will include shallow drilling to define the extensions of Bluebird to the east of the previously drilled zone, and potentially deeper drilling to test below the high-grade copper and gold intersections that remain open at depth..


    Great qtrly report. Still has $4m+ in the bank enough to continue/complete the scheduled stage3 drilling targets and beyond. TMS is in a very good position (to deliver) imho. GLA.


 
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