Tartana Minerals Signs Strategic Investment Agreement with Xingye Gold

Tartana Minerals (ASX: TAT) has entered a placement agreement with Xingye Gold (Hong Kong) Mining Company for a strategic investment worth approximately $5.18 million.

The two-tranche placement would give Xingye a 19.99% voting interest in Tartana and make the international mining group the explorer’s largest shareholder and long-term strategic partner.

The issue price of at $0.053 per share represents a 165% premium to Tartana’s last traded price of $0.02 and a 112% premium to its 15-day volume-weighted average price (VWAP).

Completion remains subject to Xingye’s due diligence, Chinese regulatory clearances, and other required approvals including Foreign Investment Review Board (FIRB) approval for the second tranche.

Two-Tranche Investment

The first tranche comprises an expected 43.46 million shares to raise about $2.3m and lift Xingye’s voting interest to approximately 9.99%.

Subject to FIRB approval, the second issue of about 54.33 million shares would raise a further $2.88m and take the investor’s interest to approximately 19.99%.

All conditions must be satisfied by 16 November 2026, with both parties agreeing to use reasonable endeavours to complete the requirements as soon as practicable.

Tartana plans to direct the proceeds predominantly towards exploration at Nightflower and Montalbion for silver and across the Tartana mining leases for copper and zinc.

It will also consider tin exploration across the broader Montalbion district—including Victoria Amalgamated, Daisy Bell, De Wett, Comeno, and Lady Agnes—while excluding copper sulphate production activities from the planned expenditure.

Strong Portfolio Endorsement

Tartana executive chair Sonny Didugu said the investment was a strong endorsement of the quality of Tartana’s exploration portfolio.

“Securing a major international mining group to become our largest shareholder and a long-term strategic partner — at a substantial premium to our market price — provides both the capital and technical capability to accelerate exploration across our silver and tin projects, […] as well as expand our copper, zinc, and gold resource base,” he said.

“We are excited to partner with Tartana and believe the company has assembled an exceptional portfolio of tin, silver, copper, zinc, and gold assets in Australia, the best tier one jurisdiction in the world,” Xingye chief executive officer Shucheng Zhang added.

“We look forward to applying our technical expertise and operational experience alongside the Tartana team as we progress due diligence and explore opportunities to accelerate the development of its projects.”

After the first tranche and FIRB clearance, Xingye may nominate one or two directors depending on the size of Tartana’s board, and may also provide geologists at its own cost to work with Tartana on exploration strategy, geological modelling, drill planning, and field execution.