Tyranna Resources: Confirms high-quality spodumene at Namibe, Angola

Tyranna Resources Confirms high-quality spodumene at Namibe, Angola

  • Tyranna Resources (TYX) confirms the presence of high-quality spodumene mineralisation at its Namibe lithium project in Angola
  • The company has received results from 50 rock chip samples, which returned an average grade of 3.21 per cent lithium oxide and a peak grade of 9.74 per cent lithium oxide
  • Twenty-five samples contain spodumene, with 12 samples returning an average grade of 7.49 per cent lithium with very low levels of contaminants
  • The company says it is highly encouraged by the economic potential of the project and will use the results to design its upcoming maiden drilling program
  • Company shares are down 5 per cent to trade at 3.8 cents at 12:47 pm AEST
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Klarna Smashes One Million Merchants Milestone, Expanding Global Reach

Klarna achieves significant growth with over one million merchants now using its services.Highlights: Klarna surpasses one million active...

PRA Proposes New Standards to Protect Firms from Bank Runs

New measures aim to enhance financial stability amid economic uncertainties.Highlights: PRA introduces new standards to prevent bank runs.The...

TSB Warns Over Surge in Friendship Fraud Cases

Bank highlights the risks of new friendship-based scams targeting customers.Highlights: TSB reports a rise in friendship fraud targeting...

Cleafy Strengthens Bank Fraud Protection with $12 Million Funding

The fintech firm aims to enhance its security solutions for digital banking.Highlights: Cleafy raises $12 million to enhance...