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Tyranna Resources looks to raise capital to fund resource definition and exploration

While the company has a diversified range of assets, its commodity focus is on gold.
Picture of a truck in at a mine site
A reserve/resource definition drilling program should be completed by April 2018

Tyranna Resources Ltd (ASX:TYX) is in a trading halt pending the company providing details of a capital raising.

The trading halt will remain in place until the earlier of the commencement of trading on Monday, February 19, 2018 or upon the company releasing details of the capital raising.

Injection of capital comes as company progresses several projects

With Tyranna heavily involved in resource/reserve definition drilling, as well as exploration across a number of projects, a capital raising should come as no surprise.

The company has a diversified portfolio that includes its own projects and interests in other assets.

Tyranna’s key projects include the Jumbuck Gold Project joint-venture with WPG Resources (ASX:WPG) and the recently acquired producing Eureka Gold Project.

Tyranna strongly leveraged to healthy gold price

While Tyranna has a diversified range of assets, its commodity focus is very much on gold.

READ: Tyranna Resources gets busy as it progresses gold strategy

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Tyranna Resources Ltd Timeline

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