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Tartana Minerals Retracts Mungana Plant Production Statements

Story Highlights
  • Tartana Minerals Limited retracts statements on Mungana plant’s production potential.
  • Investors advised not to rely on previous production targets as company works on formal mine plan.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

The latest announcement is out from R3D Resources Limited ( (AU:TAT) ).

Tartana Minerals Limited has retracted previous statements regarding the production potential of the Mungana processing plant due to non-compliance with ASX Listing Rules. The company advises investors not to rely on the earlier production target statements and is working with MEC Mining to establish a formal mine plan and forecast production target.

More about R3D Resources Limited

Tartana Minerals Limited (ASX:TAT) is a copper producer with a heap leach – solvent extraction – crystallisation plant located on its mining leases in the Chillagoe Region of Far North Queensland. The company is exploring the development of its copper and zinc resources and has an extensive exploration portfolio covering copper, zinc, gold, silver, tin, tungsten, and antimony projects.

YTD Price Performance: -5.00%

Average Trading Volume: 193,159

Technical Sentiment Signal: Buy

Current Market Cap: A$8.14M

Learn more about TAT stock on TipRanks’ Stock Analysis page.

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