Taiton Resources Limited (ASX: $T88) is pleased to provide a summary of activities completed during the Quarter ended 30th June 2024. The company reported multiple mineralisation styles at the Highway Project in South Australia and commenced its maiden exploration program at Challenger West. The exploration program identified potential gold mineralisation at both the Highway Project and Challenger West. Taiton Resources Limited has 73,009,544 shares on issue, 12,261,168 unlisted options, and 6,000,000 unlisted performance rights. The company's cash at bank totaled $1.16 million as of 30th June 2024.
The recent activities at the Highway Project and the commencement of the maiden exploration program at Challenger West mark significant progress for Taiton Resources. The identification of potential gold mineralisation at both projects is an encouraging development. We are committed to further exploration and evaluation to unlock the full potential of these mineralisation styles. The company's strong financial position provides a solid foundation for our ongoing exploration efforts.
Taiton Resources Limited's activities during the Quarter ended 30th June 2024 focused on the identification of multiple mineralisation styles at the Highway Project and the commencement of the maiden exploration program at Challenger West. The identification of potential gold mineralisation at both projects presents promising opportunities for the company. With a strong financial position and ongoing exploration efforts, Taiton Resources is well-positioned to continue its exploration and evaluation activities to realize the full potential of its projects. The company's ambitions and goals include further exploration and evaluation to capitalize on the identified mineralisation styles and to meet its business objectives. Taiton Resources remains optimistic about its future prospects and is committed to raising further funds to support its operational commitments in line with its current exploration programs.