Welcome to our dedicated page for Tinka Resrcs news (Ticker: TKRFF), a resource for investors and traders seeking the latest updates and insights on Tinka Resrcs stock.
Tinka Resources Ltd (TKRFF) is a mineral exploration company advancing its flagship Ayawilca zinc-silver-tin project in Peru's Central Highlands. This page provides investors and industry observers with verified updates on technical developments, strategic initiatives, and operational milestones.
Access consolidated news about resource estimation updates, drilling results, and partnership announcements. Our repository includes press releases on geological assessments, financing activities, and project optimization strategies – all information vetted for accuracy and relevance.
Key updates cover three focus areas: Ayawilca's polymetallic zone expansions, technical reports from Qualified Persons, and corporate developments impacting long-term growth. Content is organized chronologically to simplify tracking progress across exploration phases.
Bookmark this page for streamlined access to Tinka's official communications. Check regularly for new insights into base metals exploration and Peru-focused mining operations.
Tinka Resources has announced a non-brokered private placement offering of up to 50 million units at C$0.10 per unit to raise gross proceeds of up to C$5 million. Each unit includes one common share and half of a warrant, with each full warrant exercisable at C$0.15 for 18 months. Major shareholders Nexa Resources and Compañia de Minas Buenaventura are expected to participate to maintain their ownership levels. The proceeds will fund 4,000 metres of drilling at East Ayawilca zinc-silver-lead area, exploration at Silvia copper-gold property, and working capital.
Tinka Resources provided an update on its Ayawilca and Silvia projects in Peru. The company aims to advance the Ayawilca zinc-silver-tin project, which has demonstrated strong economic fundamentals in the 2024 Preliminary Economic Assessment (PEA). Recent geological reviews have improved confidence in the resource's geometry and identified new exploration targets.
Key targets for 2024/25 include:
- East Ayawilca: Targeting high-grade zinc.
- West Ayawilca: Extending the zinc zone.
- Silver and Tin zones: Expanding largely untested areas.
Final approvals for drilling at the Silvia Copper-Gold project are expected in the first half of 2025. Notable drill results from 2022-2023 include 38.9m @ 20% zinc and 145m @ 10.9% zinc. The 2024 PEA indicates a 21-year mine life, NPV8% of US$434 million post-tax, and a 25.9% IRR post-tax. Tinka is supported by Buenaventura and Nexa Resources. The company plans to test new targets and advance the Silvia NW copper-gold target in 2025.
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