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TALI RESOURCES LTD Capital/Financing Update 2026
65946_rns_2026-05-06_bf52af59-7be4-4851-8fb8-0576f7f71da7.pdf
Capital/Financing Update
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TALIRESOURCES
ASX ANNOUNCEMENT
7 May 2026
PLACEMENT TO SUPPORT WEST ARUNTA EXPLORATION
Highlights
- Firm commitments received to raise gross proceeds of $3.0 million via a Placement at $0.265 per share
- Strong support from existing and new institutional and sophisticated investors
- Proceeds to fund exploration activity at Tali's West Arunta Project, including a multi-phase drilling campaign expected to commence later this month
Tali Resources Ltd (ASX: TR2) (Tali or the Company) is pleased to announce it has secured firm commitments for a share placement to raise approximately $3.0 million (before costs) (the Placement).
The Placement of 11,320,755 fully paid ordinary shares (Placement Shares) at an issue price of $0.265 per Placement Share represents a 17.2% discount to the last traded price of $0.32 per share on 4 May 2026. The Placement Shares will be issued in a single tranche under the Company's placement capacity per ASX Listing Rule 7.1. The Company will have approximately 128.8 million shares on issue following settlement of the Placement.
Placement proceeds will fund exploration activity at the West Arunta Project, including a multi-phase drilling campaign, costs of the transaction and general working capital.
Euroz Hartleys Limited and Canaccord Genuity (Australia) Limited acted as Joint Lead Managers and Joint Bookrunners to the Placement.
Tali's Managing Director, Rhys Bradley, commented:
"We appreciate the strong support from our shareholders, new investors and the lead managers. This funding allows us to continue advancing the exploration programs we believe strongly in, with a clear aim of delivering a meaningful discovery outcome.
"Following the Placement, the Company expects to hold approximately $6.0^{1} million in cash, positioning us to deliver our full 2026 exploration program.
"The funds will be primarily directed toward an extensive, multi-phase drilling campaign at our West Arunta Project, with drilling to commence later this month."
Tali Resources Ltd | ABN 49 673 333 189
Level 3, 435 Roberts Road, Subiaco WA 6008
ASX: TR2
TALIRESOURCES
Table 1. Indicative Placement Timetable
| Event | Date |
|---|---|
| Announcement of the Placement | Thursday, 7 May 2026 |
| Settlement of the Placement Shares | Thursday, 14 May 2026 |
| Allotment and normal trading of the Placement Shares | Friday, 15 May 2026 |
ENDS
This ASX Announcement is authorised by the Board of Tali Resources Ltd.
For further information please contact:
Investors
Rhys Bradley
Managing Director
T: +61 8 6282 2700
E: [email protected]
Media
Michael Vaughan
Fivemark Partners
T: +61 422 602 720
E: [email protected]
Or visit our website at www.taliresources.com.au
Disclaimer
No representation or warranty, express or implied, is made by the Company that the material contained in this announcement will be achieved or proved correct. Except for statutory liability which cannot be excluded, each of the Company, its directors, officers, employees, advisors and agents expressly disclaims any responsibility for the accuracy, fairness, sufficiency or completeness of the material contained in this announcement and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this announcement or any effort or omission therefrom. The Company will not update or keep current the information contained in this announcement or to correct any inaccuracy or omission which may become apparent, or to furnish any person with any further information. Any opinions expressed in the announcement are subject to change without notice.
References
- Pro-forma cash balance includes $3.1 million as at 30 April 2025 and net Placement proceeds of $2.85 million.
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TALIRESOURCES
About Tali
Tali Resources Ltd (Tali) is an Australian exploration company that is focused on exploring for Tier 1 mineral deposits in Western Australia.
Tali is actively advancing its flagship West Arunta Project where it holds a significant tenure position in one of Australia's most exciting emerging mineral regions. Exploration is being undertaken using a multifaceted and systematic approach to explore for several different styles of mineralisation. Its exploration activities are led by an experienced leadership team with a strong track record of discovery success.
Forward-Looking Statements
This ASX announcement may contain certain "forward-looking statements" which may be based on forward-looking information that are subject to a number of known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those presented here. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. For a more detailed discussion of such risks and other factors, see the Company's Prospectus and Annual Reports, as well as the Company's other ASX announcements. Readers should not place undue reliance on forward-looking information. The Company does not undertake any obligation to release publicly any revisions to any forward-looking statement to reflect events or circumstances after the date of this ASX announcement, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
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