Price, volume & events
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- Last 2026-11-06
- A$0.06
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
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- Mkt cap
- A$141M
- EV
- A$55.6M
- Cash
- A$75.9M
- Debt
- A$0
1 newer ASX announcement not yet reflected in this valuation
- Quarterly Activities Review & Appendix 5BLatest Four Activities Reports
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Sign in or enter a guest codeAnnouncements
Latest 12 of 14All sources ▸- Annual Report for the year ended 30 June 2026Results
- Quarterly Activities Review & Appendix 5BOperations
- Appendix 2AFinancing
- Investor PresentationPresentation
- Quarterly Activities Review & Appendix 5BOperations
- Half Yearly Report and AccountsResults
- MGX: Completion of CTPJV acquisitionTransaction
- Quarterly Activities Review & Appendix 5BOperations
- Mineral Resources UpdateResource Update
- Quarterly Activities Review & Appendix 5BOperations
- Annual Report to ShareholdersResults
- Agreement to acquire 50% of the Central Tanami Gold ProjectTransaction
Event calendar · next 12 months
5 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Remaining September 2026 quarter | Groundrush portal construction and decline mobilisation | Construction Or Commissioning | Company Guided | High | Tests delivery of the signed A$38 million decline programme and TAM's A$19 million attributable funding commitment. |
| FY27 programme | Jims resource definition drilling results | Exploration | Company Guided | High | Tests potential open-pit feed and the breadth of the current 2.8 Moz resource base. |
| FY27 programme | Metallurgical testwork and process FEED | Study | Company Guided | High | Recovery and plant scope are necessary to replace the resource option with decision-grade economics. |
| FY27 programme | Traditional Owner engagement and regulatory permitting | Permitting | Company Guided | High | Approvals determine the achievable development schedule and future capital requirements. |
| FY27 programme | Central Tanami Mineral Resource updates | Resource Or Reserve | Company Guided | High | Indicated conversion would change the credibility of mine design and resource-calibrated value. |
Executive roster
As of 2026-09-26Background checks ▸FY2026 annual report names the current senior management and secretary and confirms Brett Smith's 1 May transition. No later eligible change was identified.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Brett Smith | Executive Director | Executive Director | 2026-05-01 | Annual Report for the year ended 30 June 2026 · Quarterly Activities Review & Appendix 5B |
| Daniel Broughton | Chief Financial Officer | Finance | 2014-09-08 | Annual Report for the year ended 30 June 2026 |
| Pauline Collinson | Company Secretary | Company Secretary | 2013-07-18 | Annual Report for the year ended 30 June 2026 |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Central Tanami Project Joint Venture
Australia
Scoping Study Developer50% ownedGold
TAM owns and funds 50% with MGX. A 14-month A$38 million Groundrush exploration decline contract was signed in August 2026; Jims drilling, metallurgy, processing studies and approvals continue before any 2027 development decision.
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Published study economicsIssuer or study metrics
Initial capexA$38MPublished capital estimate
Initial capexA$40MPublished capital estimate
Operating cost3.95AUD/t milled
Signed approximately A$38 million, 14-month contract on a 100% CTPJV basis; TAM funds 50%, or A$19 million before any variance. This is exploration access, not full mine capex.
Conceptual 100% CTPJV incremental flotation-circuit cost shown in the May 2026 presentation; it is not a feasibility estimate and is excluded from base valuation.
Resources & reserves3
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Measured, Indicated and Inferred | 31M tonnes | 2.8 g/t Au | Gold | 2025-09-30 |
| Mineral Resource | Indicated and Inferred | 11M tonnes | 3.3 g/t Au | Gold | 2025-09-30 |
| Mineral Resource | Measured, Indicated and Inferred | 2.6M tonnes | 2.7 g/t Au | Gold | 2025-09-30 |
Tenements11
Milestones3
- Groundrush portal development start
Pending · High materiality
- Updated Mineral Resource estimate
Pending · High materiality
- Groundrush decline completion and underground infill drilling
Pending · High materiality
Permits & approvals2
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| CLC Mining Permit 97896 | Central Land Council, Northern Territory | Granted | — | Yes |
| Environmental and government development approvals | Northern Territory, Australia | Pending | — | Yes |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Central Tanami processing and development options review | Scoping Study | Current | 2026-05-08 | GRES work is assessing refurbishment versus replacement of the idle 1.2 Mtpa CIL plant and a possible 1.5 Mtpa configuration; no decision-grade NPV, mine plan or reserve has been disclosed. |
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Audited June consolidated cash of A$75.943 million plus A$9.475 million Northern Star shares backs the exploration programme. The JV's A$9.001 million cash is not added again because TAM's share of joint-operation assets is already included in consolidated accounts. The A$4.573 million restoration provision and A$0.055 million lease liabilities are separately deducted in the valuation bridge; A$1.757 million trade payables remain ordinary working capital. TAM's approximately A$19 million share of the signed decline contract is funded, but full mine-development capital is undisclosed.
Capital structure
Ownership and dilution
- Ordinary shares
- 2.4B
- Fully diluted
- 2.4B
The audited annual share register confirms 2,350,194,092 issued shares and no options as at 16 September 2026, consistent with the June rights-issue quotation notice.
KPI history
Operating metrics
Operating metric source table2
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Other | Central Tanami | June 2026 quarter | Quarter | 2,184 metres drilled at Jims | Reported |
| Production | Central Tanami | 2001-2005 | Other | 611,000 oz Au historical production | Reported |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-06-03Ann. 2026-05-08 | RaisingTam Ordinary Fully Paid Shares | A$70.5M | 1.2B | A$0.06 | Completed | Fully underwritten 1-for-1 pro rata renounceable rights issue completed on 3 June 2026.Max 1.2B · Period 2026-05-18 to 2026-06-03 · Bell Potter Securities Limited and Evolution Capital Pty Ltd |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
FY2026 annual report and eligible quarterly, partner completion and contract releases reviewed for live interests and obligations; no disclosed royalty, stream, offtake or hedge identified.
TAM receives 50% of joint-operation output and bears 50% of joint funding and liabilities; CTP JV Pty Ltd manages the venture.
Joint Venture · Active- Counterparties
- MGX Resources Limited · CTP JV Pty Ltd
- Applies to
- Central Tanami Project Joint Venture · Gold
- Economic direction
- Mixed
- Period
- From 2026-02-06; no end date stated
- Key terms
- TAM participating interest: 50 %
MGX participating interest: 50 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Signed portal, vent and 3.5 km decline construction agreement; the attributable A$19 million is a funded pre-production commitment, not a full mine build estimate.
Other · Active- Counterparties
- Macmahon Underground Pty Ltd · CTP JV Pty Ltd
- Applies to
- Central Tanami Project Joint Venture · Gold
- Economic direction
- Burden
- Period
- From 2026-08-31; no end date stated
- Key terms
- Signed construction works: 38,000,000 AUD, 100% JV
TAM attributable share: 19,000,000 AUD
Construction term: 14 months
How it affects our valuation
No valuation treatment is available for this arrangement.
Related-party arrangement provides TAM CFO, senior accountant and company-secretarial services; recurring overhead is included in the central cost allowance.
Other · Active- Counterparties
- Dragon Mining Limited · Dragon Gold Mining Limited
- Applies to
- Company-wide
- Economic direction
- Burden
- Period
- From 2014-09-08; no end date stated
- Key terms
- FY2026 consulting and company-secretarial fees: 300,745 AUD/year
June 2026 quarter finance and company-secretarial service fees: 66,000 AUD/quarter
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Valuation
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Sign in or enter a guest codeResource-price transmission
Sensitivity lab
Sensitivity lab
How our fair value responds to commodity prices and other drivers is available to subscribers.
Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
This initial public-source management review covers the selected company.json roster plus issuer-confirmed current management additions. Career histories are unevenly documented, and role-specific achievements are often issuer-reported rather than independently attributable.
Decision-relevant facts
Material summary
Brett Smith
Executive Director
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 1
- Open-web searches do not constitute an exhaustive criminal, sanctions, litigation, regulator, safety or credential check; sources outside the documented search scope may exist.
Daniel Broughton
Chief Financial Officer
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 1
- Open-web searches do not constitute an exhaustive criminal, sanctions, litigation, regulator, safety or credential check; sources outside the documented search scope may exist.
Pauline Collinson
Company Secretary
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 1
- Open-web searches do not constitute an exhaustive criminal, sanctions, litigation, regulator, safety or credential check; sources outside the documented search scope may exist.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-09-16
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 43.39% | 1,019,703,044 | |
| 2 | 6.50% | 152,880,954 | |
| 3 | 3.97% | 93,383,254 | |
| 4 | 3.47% | 81,647,760 | |
| 5 | 3.39% | 79,618,968 | |
| 6 | 3.08% | 72,339,844 | |
| 7 | 2.93% | 68,860,000 | |
| 8 | 1.96% | 46,066,667 | |
| 9 | 1.95% | 45,912,456 | |
| 10 | 1.91% | 45,000,000 | |
| 11 | 1.68% | 39,377,115 | |
| 12 | 1.62% | 38,000,000 | |
| 13 | 1.02% | 23,885,690 | |
| 14 | 0.64% | 15,000,000 | |
| 15 | 0.59% | 13,960,380 | |
| 16 | 0.54% | 12,602,502 | |
| 17 | 0.51% | 11,915,259 | |
| 18 | 0.49% | 11,592,495 | |
| 19 | 0.47% | 11,000,000 | |
| 20 | 0.43% | 10,152,000 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- Top-20 only; issued capital denominator for 16 September 2026 was not stated alongside the table and is left null.
Sources
- Annual Report to shareholders
ASX announcement / Tanami Gold NL · Published 2026-09-22 · Accessed 2026-10-09
Shareholder information as at 16 September 2026; top-20 table lists shares and percentages.
page 58, Shareholder and Additional Information, local copy downloads/TAM/2026/2026-09-22_Annual Report to shareholders_f4872187ce652071.pdf
Disclosed activity
Insider transactions
Trading activity1 buy · 0 sells shownNet cash last 12 months A$26.9kShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-06-03 | Brett R Smith
Details & evidence for Brett R Smith on 2026-06-03Direct entitlement rights issue subscription. FY2026 annual-report shareholding table confirms the same 448,484-share take-up and 896,968 closing position. As disclosed: Issue of securities under Rights Issue Offer
Change of Directors Interest - B Smith ↗ Change of Directors Interest - B Smith ↗ Annual Report to shareholders ↗ | Subscriptionordinary fully paid shares | 448,484 | AUD 26,909.04 | AUD 0.06Disclosed price | 896,968 |
The closest covered peers
Peer comparison
Peer comparison pending
No peer comparison has been saved for this company.
An on-demand analysis selects up to five closest peers and checks what their differences mean for independent fair value.
Narrative and provenance
Research & Sources
AI Analyst Report
The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.
Sign in or enter a guest codeChronological evidenceSource-document inventory17 documents
Verified TAM closing priceMarket Data · HighExtracted
Latest eligible local ordinary-share close before the fixed valuation cutoff.
- Document ID
- market-close-20260925
- Published UTC
- 2026-09-25T06:00:00Z
- Projects
- —
- Commodities
- —
Annual Report for the year ended 30 June 2026Results · HighExtracted
Audited FY2026 accounts confirm June cash and NST investment, lease and rehabilitation liabilities, FY2026 loss and expenditure, current executives and substantial ownership.
- Document ID
- annual-report-2026
- Published UTC
- 2026-09-22T02:39:59Z
- Projects
- central-tanami
- Commodities
- gold
Investor PresentationPresentation · HighExtracted
Issuer distributed MGX Central Tanami presentation detailing Groundrush decline, Jims drilling, plant options and FY27 work programme.
- Document ID
- investor-presentation-september-2026
- Published UTC
- 2026-09-03T03:06:00Z
- Projects
- central-tanami
- Commodities
- gold
Groundrush Decline Agreement SignedEconomic Arrangement · HighExtracted
CTPJV signed an approximately A$38 million, 14-month Groundrush decline construction agreement with Macmahon; surface work was underway.
- Document ID
- groundrush-contract-2026
- Published UTC
- 2026-08-30T22:25:00Z
- Projects
- central-tanami
- Commodities
- gold
Quarterly Activities Review & Appendix 5BOperations · HighExtracted
Latest quarter financial, funding, drilling and development update.
- Document ID
- quarterly-june-2026
- Published UTC
- 2026-07-23T22:19:35Z
- Projects
- central-tanami
- Commodities
- gold
Appendix 2AFinancing · HighExtracted
Quotation notice confirming the completed rights-issue share count.
- Document ID
- appendix-2a-june-2026
- Published UTC
- 2026-06-03T00:48:16Z
- Projects
- central-tanami
- Commodities
- gold
Investor PresentationPresentation · HighExtracted
Project, infrastructure, resource and capital-raising presentation.
- Document ID
- investor-presentation-may-2026
- Published UTC
- 2026-05-08T00:18:20Z
- Projects
- central-tanami
- Commodities
- gold
Quarterly Activities Review & Appendix 5BOperations · HighExtracted
March-quarter update covering the planned Groundrush decline and permitting.
- Document ID
- quarterly-march-2026
- Published UTC
- 2026-04-26T22:55:28Z
- Projects
- central-tanami
- Commodities
- gold
Half Yearly Report and AccountsResults · HighExtracted
Half-year financial statements and post-period partner transition update.
- Document ID
- half-year-report-2026
- Published UTC
- 2026-03-16T07:25:47Z
- Projects
- central-tanami
- Commodities
- gold
MGX: Completion of CTPJV acquisitionTransaction · HighExtracted
MGX confirmed completion of its acquisition of the other 50% CTPJV interest.
- Document ID
- mgx-acquisition-completion
- Published UTC
- 2026-02-05T21:18:24Z
- Projects
- central-tanami
- Commodities
- gold
Quarterly Activities Review & Appendix 5BOperations · HighExtracted
December-quarter drilling, resource and liquidity update.
- Document ID
- quarterly-december-2025
- Published UTC
- 2026-01-28T21:11:45Z
- Projects
- central-tanami
- Commodities
- gold
Mineral Resources UpdateResource Update · HighExtracted
Current JORC 2012 Mineral Resource update totaling 2.8 Moz on a 100% JV basis.
- Document ID
- resource-update-2025
- Published UTC
- 2025-11-06T21:22:27Z
- Projects
- central-tanami
- Commodities
- gold
Quarterly Activities Review & Appendix 5BOperations · HighExtracted
September-quarter drilling, liquidity and JV funding update.
- Document ID
- quarterly-september-2025
- Published UTC
- 2025-10-29T22:53:38Z
- Projects
- central-tanami
- Commodities
- gold
Annual Report to ShareholdersResults · HighExtracted
FY2025 audited accounts and corporate review.
- Document ID
- annual-report-2025
- Published UTC
- 2025-09-26T03:10:12Z
- Projects
- central-tanami
- Commodities
- gold
Agreement to acquire 50% of the Central Tanami Gold ProjectTransaction · HighExtracted
MGX agreed to buy the other 50% CTPJV interest and adjacent tenure for A$50 million.
- Document ID
- mgx-acquisition-agreement
- Published UTC
- 2025-07-15T22:20:28Z
- Projects
- central-tanami
- Commodities
- gold
Annual Mineral Resource StatementResource Update · HighExtracted
Superseded June 2023 project-wide resource statement retained for chronology.
- Document ID
- annual-resource-2023
- Published UTC
- 2023-09-13T23:19:28Z
- Projects
- central-tanami
- Commodities
- gold
Mineral Resource UpdateResource Update · HighExtracted
Superseded 2023 Molech resource update retained for chronology.
- Document ID
- molech-resource-2023
- Published UTC
- 2023-08-29T23:30:25Z
- Projects
- central-tanami
- Commodities
- gold
Evidence facts67
96000 oz Au
2023-06-302600000 oz Au
2023-06-3050000000 AUD
2025-07-1661 AUD/oz
2025-07-1618872000 AUD
2025-06-301175097046 shares
2025-06-3016013000 AUD
2025-09-3010153.1 m
2025-09-3031000000 tonnes
2025-09-302.8 g/t Au
2025-09-302800000 oz Au
2025-09-301200000 oz Au
2025-09-303500 AUD/oz
2025-09-3014439000 AUD
2025-12-316095000 AUD
2025-12-3150000000 AUD
2026-02-0650 %
2026-02-0614439000 AUD
2025-12-311175097046 shares
2025-12-3112880000 AUD
2026-03-3138000000 AUD
2026-04-273500 m
2026-04-27True None
2026-03-3120000000 AUD
2026-05-081200000 tonnes/year
2026-05-0840000000 AUD
2026-05-083.95 AUD/t milled
2026-05-081175097046 shares
2026-06-032350194092 shares
2026-06-0375943000 AUD
2026-06-309475000 AUD
2026-06-309001000 AUD
2026-06-3070506000 AUD
2026-06-030.06 AUD/share
2026-06-032184 m
2026-06-3034 quarters
2026-06-300 AUD
2026-06-30400000 oz Au
2026-07-2438000000 AUD, 100% JV
2026-08-3114 months
2026-08-31400000 oz Au, greater than
2026-08-312800000 oz Au, 100% JV
2025-09-301200000 oz Au, 100% JV
2025-09-30Groundrush decline, Jims resource drilling, resource updates, metallurgy/FEED and permitting None
2026-09-0375943000 AUD
2026-06-309475000 AUD
2026-06-3055000 AUD
2026-06-304573000 AUD
2026-06-301757000 AUD
2026-06-307559000 AUD
2026-06-308391000 AUD
2026-06-30300745 AUD
2026-06-302050000 AUD
2026-06-301140000 AUD
2026-06-302350194092 shares
2026-09-1643.39 %
2026-09-1680.54 %
2026-09-160 options
2026-09-160.076 AUD/share
2026-09-25264875 shares
2026-09-250.071 AUD/share
2026-08-280.074 AUD/share
2026-08-310.071 AUD/share
2026-09-030.072 AUD/share
2026-09-040.072 AUD/share
2026-09-210.071 AUD/share
2026-09-220.075 AUD/share
2026-09-23Conflicts requiring judgment1
- financial_position.undrawn_facilities
The later statutory June-quarter Appendix 5B reports no facility available at quarter end, superseding the May presentation statement for current liquidity.