Tarrina Resources Advances Christmas Gift Gold Project Following ASX Reinstatement
- Noel Ong
- 1 day ago
- 7 min read
Announcement
TR8 to Progress Christmas Gift Gold Project After $5M Offer 25 November 2025 (click here to view the announcement)
Tarrina Resources Limited (ASX: TR8) has formally recommenced trading on the ASX following the successful completion of a $5 million capital raising, enabling the Company to immediately progress exploration across its NSW and South Australian assets. The Company’s flagship asset—the Christmas Gift Gold Project, located 15 km east of Cootamundra within the southern Lachlan Fold Belt (Figure 1)—provides the geological backbone of Tarrina’s exploration strategy, underpinned by historical high-grade production and open mineralised extensions.
Figure 1: Project Location Map (Southern Lachlan Fold Belt, NSW) (source: TR8)
The Business of the Company: Focus – Projects
Tarrina Resources controls a portfolio of projects with exposure to orogenic gold, IOCG copper–gold, sedimentary copper–silver and carbonatite-style REE systems:
Christmas Gift Gold Project (NSW) – 100%
High-grade historic production, strong drill intercepts, open soil anomalies, and stored historical core for relogging.
Walparuta Copper-Gold Project (SA)
IOCG-style copper–gold potential across three tenements with strong magnetite correlation.
Yongala Copper-Silver & REE Project (SA)
Large 1,676 km² tenure with documented copper–silver mineralisation and REE occurrences.
Highlights – Exploration Momentum After ASX Reinstatement
(Figure 2)
Figure 2: Historic Workings & Sampling Map (source: TR8)
A. Successful Relisting and Capitalisation
Completion of $5M Public Offer at $0.02/share and reinstatement to ASX trading on 25 November 2025.
B. Christmas Gift Gold Project – High-Grade System with Untested Depth Extensions
Historic underground production of 30,000 oz @ 18 g/t Au over 225 m strike and 110 m depth (Figure 3).
Significant high-grade drilling intercepts, including:
13.0 m @ 13.20 g/t Au (DDH076)
8.0 m @ 17.23 g/t Au (FRB012)
9.0 m @ 11.54 g/t Au (DDHC007)
13.0 m @ 6.60 g/t Au (PDH22)
Multiple shallow high-grade RAB intersections
Figure 3: Drill Collar Locations & Gold Intercepts (source: TR8)
Only two holes drilled deeper than 150 m, both gold-mineralised.
Drill section confirms down-plunge continuity of high-grade lodes (Figure 4)
Figure 4: Drill Section with Intersections (source: TR8)
C. Large-Scale Soil Anomaly – Open to the North
(Figure 5)
1,000 m gold-in-soil anomaly (>200 ppb Au) within a broader 2.5 km mineralised trend.
Grid extension into EL 9683 to test the northern strike.
Figure 5: Levelled Gold Soil Anomaly Map (source: TR8)
D. Drill-Ready Targets Identified for Early 2026
Priority zones:
Down-plunge extensions at Christmas Gift
Venables Prospect
Cullinga Extended
Western Zone
Northern Extension into EL 9683
E. Stored Core Secured for Modern Relogging
33 historic diamond drill holes (2,240 m) available for relogging using PXRF, HyLogger, and petrophysics.
F. South Australian Projects Progressing in Parallel:
Walparuta Copper–Gold Project
(Figure 6)
Figure 6: Walparuta Project tenement locations, copper working and geology (source: TR8)
Historic intersections up to:
7.62 m @ 0.90% Cu & 0.62 g/t Au
4.57 m @ 0.73% Cu & 1.49 g/t Au
100 samples >1,000 ppm Cu (Figure 7)
Strong magnetite correlation mapped by high-quality magnetic data
Figures 7: Walparuta magnetic anomalies and drill hole locations (source: TR8)
Yongala Copper–Silver & REE Project
(Figure 8)
Rock chips up to 10.8% Cu and 57.1 g/t Ag
REE anomalies up to 0.35% TREO
Multiple untested targets across a broad geological corridor
Figure 8: Yongala Geology & Location Map (source: TR8)
Leadership Commentary
Tarrina Resources Chairman Francis De Souza commented:
“We are very pleased to have completed our successful relisting and $5 million recapitalisation, and I want to thank both existing and new shareholders for their support. With funding in place, our team has already commenced advancing the Christmas Gift Gold Project, one of NSW’s most historically significant high-grade gold systems.
Work has begun on relogging more than 2,200 metres of historical diamond core and expanding geochemical coverage in preparation for a 1,500-metre diamond drilling program, set to commence once all approvals have been received, expected in early 2026. This work will give us the modern geological data we need to target extensions of the known high-grade gold mineralisation with subsequent RC drilling that will aim to establish a maiden resource.
We are also progressing field programs at Walparuta and Yongala where there exists potential for a greenfields discovery of copper, gold and rare earth elements, similar to the Kalkaroo copper project being developed jointly by Havilah Resources and Sandfire Resources 80 km to the north of Walparuta.”
About the Project
Christmas Gift Gold Project – NSW (100%)
Two tenements (EL 9615 & EL 9683, 22 km²).
Located within the regional gold-rich structural corridor of the Lachlan Orogen.
Gold hosted in quartz veins within steeply dipping thrust-related shear zones.
Historical mining and drilling indicate continuity of high-grade lodes along strike.
Planned work includes relogging, soil grid expansion, updated 3D modelling, a 1,500-m diamond drill program, and follow-up RC drilling to support a maiden MRE.
Walparuta Copper–Gold Project – SA
IOCG-style potential with magnetite-associated mineralisation.
Regional magnetic & gravity datasets support structural and lithological targeting.
Yongala Copper-Silver & REE Project – SA
Prospective for sedimentary Cu–Ag and REE mineralisation.
Historic and recent results highlight multi-commodity potential.
Near-Term Milestones to Watch
January 2026
1,500 m Phase 1 diamond drilling begins at Christmas Gift.
Soil sampling extension program (results starting February 2026).
Q1 2026
Delivery of relogged core datasets (PXRF, HyLogger, petrophysics).
Updated 3D geological model for drill targeting.
March 2026 onwards
Progressive release of diamond and soil assay results.
RC drilling to follow based on assay interpretation.
Ongoing
Geophysics, geochemistry, and drilling across Walparuta & Yongala.
How Samso Understands the Investment Memo for the Company
Tarrina Resources is entering the market with a clean corporate structure, fresh capital, and a project portfolio anchored by a historically high-grade gold system. The immediate value proposition lies in systematically converting legacy datasets—historic drilling, stored diamond core, and soil geochemistry—into a modern geological model capable of producing new high-grade extensions.
At the same time, diversified jurisdictional exposure in South Australia provides optionality across copper, gold, and REE targets. The investment narrative is grounded, early-stage, and data-driven, where upcoming drilling and geochemical expansion programs form the backbone of value conversion.
Samso Concluding Comments
Tarrina Resources enters 2026 and professes a group of geologically minded investors. The combination of an established high-grade gold system, a large soil anomaly that remains open, and multiple under-tested structural positions will be an exciting phase of exploration activities. Technically, the projects do "stack" up with the presence of mineralisation and a clear continuity of geological architecture along strike and at depth—an essential box ticked if you want to have a chance of having a successful orogenic gold discovery in the region.
It will be interesting to see how the relogging of the 33 historic diamond drill cores goes in highlighting any targets that were missed previously. This dataset will enable Tarrina to fast-track geological understanding without the immediate cost of drilling, while simultaneously helping with Phase 1 drill design. The integration of PXRF, HyLogger, and petrophysical datasets could help build a robust structural and lithological framework, which may please eager investors.
The South Australian projects offer exposure across several mineralisation styles. Walparuta lies within the Curnamona Province, a region historically capable of producing IOCG-style systems of scale. Yongala, meanwhile, is emerging as a multi-commodity opportunity with copper, silver, and REE signatures present across a large 1,676 km² landholding. While early, these assets provide strategic depth and commodity diversification that may prove valuable in future cycles.
The key now will be to not turn this company into a lifestyle playground, and this will give investors hope for success. For investors looking at early-stage exploration stories, this is one to keep an eye on developments, but having been involved in two ASX listings myself in the last 15 years, I think patience will see the market capitalisation of AUD $14M presently soften as they sort things out. This is a typical path, but if they find Gems in the historical drilling, this is the ideal market sentiment for multi-bags of value adding.
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