On 26th June 2025 Red Tiger Resources (RTR) executed a Staged Farm-In Agreement and Joint Venture framework with ASX listed public company, Iron Road Ltd (Iron Road, ASX:IRD) on RTR’s highly prospective Mulgathing Project.
RTR’s Mulgathing Project EL 6580 comprises three separate exploration licence areas totaling 196km2 located 80km northwest of Tarcoola and within 50km of the Adelaide-Darwin railway.
Prospective for sediment-hosted titanium with central tenement proximal to recent significant Heavy Mineral Sands (HMS) discoveries by Petratherm (ASX: PTR) and Marmota (ASX: MEU).
The agreement comprises an initial minimum commitment Farm-In period followed by the Earn-In period, JV framework and an option to increase share while incorporating staged decision points, at Iron Road’s election. The initial Farm-In period of one year duration encompasses a sole funding minimum commitment of $250,000, after which Iron Road can Earn-In to EL 6580. Please refer to the ASX announcement at the following link. Iron Road ASX Announcement 26 June 2025
RTR CEO John Barbante commented: “RTR’s Mulgathing Project is located in an area we consider highly prospective for mineralisation, with drill targets previously identified with SA government funded exploration under the Accelerated Discovery Initiative. The Irria Prospect of initial interest to Iron Road, targeting the Heavy Mineral Sands, is an emerging opportunity in the region. We are very pleased to continue on our journey with the Mulgathing Project”.
For further information, please contact:
Dr. John Barbante
M: 0439 826 104
E: john.barbante@whitetigerresources.com.au