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Tyranna Resources has secured a mandate to progress with its plan to unlock early cash flow from its Eureka gold project near Kalgoorlie after defeating an attempt by major shareholder Central Iron Ore to replace the current management. The early mining opportunity is expected to generate a positive cash flow of about $2.6 million that the company will use to accelerate exploration at the project.

Tyranna Resources has completed a review of a restart study that confirms the potential to generate $2.6m in positive cash flow through an early mining opportunity at its Eureka gold project near Kalgoorlie. The project is expected to have capital costs of between $600,000 and $700,000 and will mine 60,500 tonnes of ore to produce 4057 ounces of gold at a diluted grade of 2.1g/t over two months.

Tyranna Resources is continuing its determined push to extract near-term cash flow from the Eureka gold project, 50km north of Kalgoorlie. Just weeks after releasing an updated mineral resource, Tyranna has now appointed mining consultant firm Entech to work out the best way to get Eureka into production via processing through one of the many mills in the region and is also planning the next phase of exploration.

Tyranna Resources has defined an updated mineral resource of 762,000 tonnes grading 1.8 grams per tonne gold, or 43,100 contained ounces, below the existing open pit at its Eureka gold project near Kalgoorlie. The resource remains open along strike to the north, south and at depth. The company plans to carry out near mine drilling, starting with the southern mining leases, to test for the mineralised potential.

Tyranna Resources' in-pit drilling at the Eureka gold project near Kalgoorlie has returned a 5 metre intersection grading 25.6 grams per tonne gold at depth that ended in mineralisation. The company said that more than a third of the 23 holes drilled returned ore grade intersections, with four of those holes ending in mineralisation. The results will be included within an updated resource model for the Eureka project.

Tyranna Resources has completed infill drilling at the mothballed Eureka gold project near Kalgoorlie and is in discussions with nearby processing mills for the sale of ore from potential mining at the project. The in-pit drilling campaign was aimed at confirming the continuity and grade of the mineralisation directly below the open pit floor to support the company's plan to recommence open pit mining at the project.

Tyranna Resources has identified a number of cobalt and base metal targets that indicate the potential for a much larger mineralised system around the historic Whale mine at its Goodsprings project near Las Vegas, Nevada. Some areas have coincident geochemical responses and are considered to be high priority targets. The company plans to carry out a drilling campaign later this year.

Tyranna Resources is poised to divest its remaining 18.59% interest in the non-core Wilcherry JV gold project in South Australia to partner Alliance Resources for a tidy $1.5m in cash. The sale will allow the company to focus on its Eureka gold project near Kalgoorlie, WA, the Jumbuck gold project in South Australia and the Goodsprings cobalt and base metals project in Nevada, USA.

Tyranna Resources has confirmed the presence of a high grade ore shoot beneath the existing pit at its Eureka gold project near Kalgoorlie, after drilling returned results including 1m @ 41.8g/t gold. Management will now complete an updated JORC mineral resource estimate before making a decision on whether to start a mining study into the feasibility of mining and toll treating at nearby mills.

Tyranna Resources has intersected near surface gold peaking at a top grade of 11.6g/t gold from resource drilling at the Campfire Bore prospect of its Jumbuck project in South Australia. The results keep the company on track to upgrade and increase confidence in the existing inferred mineral resource of 2.78Mt @ 1.2g/t gold for 109,000 ounces for Campfire Bore.

Tyranna Resources and JV partner Alliance Resources, have commenced a regional aircore drilling program at its interesting looking Weednanna East prospect this week. The prospect is 1km east of their Weednanna gold deposit that holds 1.1 million tonnes grading 5.1g/t gold for 181,000 ounces. The program will test existing gold soil anomalies and build on previous drilling, which returned elevated gold results adjacent to known northwest faults.

Tyranna Resources has discovered wide graphite mineralisation at sought after grades at the Yeltana prospect located only 125km from the port of Whyalla in South Australia. Results up to 21.05m @ 9.28% total graphitic carbon from 171.75m down-hole points to the deposit potentially having some scale. The company is planning to undertake mineralogical analyses of core samples for graphite flake size to assess the economic potential of the product.

Tyranna Resources has kicked off a highly anticipated drilling campaign aimed at bringing the historical mineral resource at its Eureka gold project near Kalgoorlie up to JORC-compliant standards. The company will then make a decision about kicking off a feasibility study to evaluate the opportunity of mining and toll treating the ore at nearby processing mills.

Tyranna Resources has started its resource development infill drilling program at the Jumbuck gold project, located west of BHP's Olympic Dam mine, in the highly prospective Western Gawler Craton in SA. The project has existing mineral resources of 8.7 million tonnes @ 1.1g/t gold for 319,000 ounces. The program will target the Campfire Bore prospect to upgrade the JORC status of the deposit's inferred mineral inventory totalling 109,000 ounces.

ASX listed Tyranna Resources is acquiring a cobalt and base metals project at the historic Goodsprings mining district near Las Vegas in southern Nevada that contains multiple copper, zinc, lead, gold and cobalt mines. The company plans to apply modern exploration and mining techniques to the project, where mines historically produced about 20 tonnes of ore with reported grades of between 6% and 29% cobalt in the 1920s.

Tyranna Resources has announced it is about to kick off a resource development drill program at the Eureka gold project north of Kalgoorlie, after acquiring the historic project outright earlier this month. The work will lead to the estimation of a JORC compliant mineral resource later this year. The company will then instigate a feasibility study to evaluate the opportunity for mining and toll-treating the ore.

Tyranna Resources has been steadily increasing its equity in the Western Gawler Craton JV with partner WPG Resources who owns the nearby Challenger gold mine. The parties are now in discussions about toll treating ore from their Jumbuck project at Challenger, creating a possible fast track to production for the junior explorer Tyranna. Drilling will commence at the Campfire Bore prospect soon ahead of a feasibility study.

Tyranna Resources has announced that nine additional zones of mineralisation have been modelled from a large number of gold intercepts found in an historical database at its Weednanna project, near Whyalla in S.A. Results up to 9m @ 25.1g/t gold from 7m depth and 7m @ 21.2g/t from 125m down-hole were identified. The company also said that a maiden resource estimate will be reported soon.

Tyranna Resources has increased the gold resource at its Jumbuck Gold Project by 46% to 319,000 ounces and is planning a scoping study that will likely include a toll processing option. With all gold mineralisation at less than 100m and still open at depth, Jumbuck is looking to uncover the kind of plunging, high-grade ore shoots seen at the Challenger mine next door.