Tambourah Metals Ltd: Recent Developments and Financial Overview
Tambourah Metals Ltd, an exploration and mining services provider specializing in gold and nickel projects, has recently made significant moves in the financial markets. Based in Australia and traded on the ASX All Markets, the company has been active with several announcements and financial activities.
Recent Share Issuance and Compliance
On June 3, 2025, Tambourah Metals Ltd issued 29 million fully paid ordinary shares at an issue price of AUD 0.02 each. This issuance was conducted without prior disclosure to investors under Part 6D.2 of the Corporations Act 2001. However, the company has confirmed compliance with the provisions of Chapter 2M of the Act as they apply to the company, as of the date of the notice.
Application for Quotation of Securities
In a series of announcements, Tambourah Metals Ltd applied for the quotation of new securities. On June 2, 2025, the company announced the application for the quotation of 29 million “TMBNA ORDINARY FULLY PAID DEFERRED” shares, set to be issued on June 3, 2025. Additionally, on May 30, 2025, the company had previously announced the issuance of 500,000 “TMB ORDINARY FULLY PAID” shares.
Entitlement Offer Prospectus
The company has also issued an Entitlement Offer Prospectus, offering a non-renounceable pro-rata offer to eligible shareholders. The offer includes 1 new share for every 8 shares held on the record date, at an issue price of AUD 0.02 per new share. Additionally, 1 free-attaching new option is offered for every 2 new shares subscribed for and issued. The Entitlement Offer and associated Top-Up and Shortfall Offers are set to close at 5:00 PM AWST on June 23, 2025.
Financial Overview
As of May 29, 2025, Tambourah Metals Ltd’s close price was AUD 0.021, with a 52-week high of AUD 0.078 on June 4, 2024, and a 52-week low of AUD 0.02 on May 29, 2025. The company’s market capitalization stands at AUD 2,590,000. The price-to-earnings ratio is currently negative at -0.884244, reflecting the company’s financial performance and market conditions.
Company Leadership
Tambourah Metals Ltd is led by Rita Brooks as the Executive Chairperson, with William Clayton and William Marmion serving as Non-Executive Directors. The company maintains its registered address at U2, Level 2, 10 Ord Street, West Perth WA 6005, and can be contacted via phone at +61 8 9481 8669 or email at admin@tambourahmetals.com.au .
These developments highlight Tambourah Metals Ltd’s ongoing efforts to expand its share base and comply with regulatory requirements, while continuing its focus on exploration and mining services in the gold and nickel sectors.