Business
Interim Results for the 6 months ended 31 Dec...
Interim Results for the 6 months ended 31 Dec....
About this update from Tamar Minerals Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\nInterim Financial ReportTectonic Gold PLCFor the 6 months ended 31 December 2024 Contents3 COMPANY INFORMATION5 MANAGING DIRECTOR’S STATEMENT6 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME7 CONSOLIDATED STATEMENT OF FINANCIAL POSITION8 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY10 CONSOLIDATED STATEMENT OF CASH FLOWS11 NOTES TO FINANCIAL STATEMENTSCOMPANY INFORMATIONTectonic Gold PLCFor the 6 months ended 31 December 2024DirectorsBruce Fulton (Non-Executive Chairman)Brett Boynton (Chief Executive Director)Sam Quinn (Executive Director)Jonathan Robbeson (Executive Director)SecretarySam QuinnRegistered Office167-169 Great Portland StreetFifth Floor, London, 1W5PFCompany Registration Number05173250Registrar and Transfer OfficeLink Market Services Limited 6th Floor, 65 Greshan StreetLondonEC2V7NQSolicitorsMildwaters Consulting LLPWalton House, 25 Bilton Road, RugbyWarwickshireCV227AGIndependent AuditorMoore Kingston Smith LLP6th Floor, 9 Appold StreetLondonEC2A2APCOMPANY INFORMATIONAquis Corporate Advisor and BrokerVSA Capital LimitedPark HouseLondonEC2M 7EBBankersBarclays Bank Plc1 Churchill PlaceLondonE14 5HPMANAGING DIRECTOR’S STATEMENTTectonic Gold PLCFor the 6 months ended 31 December 2024Dear Shareholder,During the half year to December 2024, the Company worked with our farm-out partner, White Energy Company Limited (ASX:WEC), on the Specimen Hill project. Following successful exploration activities identifying target zones, White Energy prepared a drilling program for the Specimen Hill project to test and begin definition of copper-gold mineralisation in earlier discoveries made by Tectonic.White Energy announced earlier in the week that they had met the first $1 million expenditure milestone and have moved to a 51% interest in the Specimen Hill project. They have also advised that they will continue with exploration through the re...