Tyranna Resources Limited (ASX:TYX) Pivots to Angolan Rare Earths and Niobium After Namibe Lithium Sale

Aditi Sarkar

29 October 2026 04:53 PM AEDT

Tyranna Resources Limited (ASX:TYX) Pivots to Angolan Rare Earths and Niobium After Namibe Lithium Sale

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Highlights

• Tyranna Resources Limited has reported a September 2026 quarter in which it completed the sale of its Namibe.

• The Coola Rare Earths and Niobium Project is held through an earn-in of up to a 70 per.

• The company holds 75 per cent of the Chinguar Gold Project, a 3,342 square kilometre prospection title about.

• The sale of the 90-owned Namibe lithium and caesium company to Sinomine Resource (Guangdong Hengqin) Supply Chain Co.

Tyranna Resources Limited (ASX:TYX) — has reported a September 2026 quarter in which it completed the sale of its Namibe lithium and caesium project, entered an earn-in over a rare earths and niobium project in Angola, and raised new capital. Exploration samples are now awaiting laboratory results.

Central development

The Coola Rare Earths and Niobium Project is held through an earn-in of up to a 70 per cent interest from the 90 per cent holder, SBLRTHS Unipessoal Lda, announced on 28 September 2026. The prospection title covers 830 square kilometres about 60 kilometres north-west of Huambo and includes four mapped alkaline intrusions, two with a carbonatite component. Renewal of the title is pending.

Tyranna says vendor soil results announced in October reached 13.2 per cent total rare earth oxides and 3.9 per cent niobium pentoxide at Coola, and 10.6 per cent total rare earth oxides at Sulima West. These are vendor-supplied soil results and are not Tyranna drilling results or a mineral resource. Samples collected by the company, including 513 soil and 14 rock samples at Sulima West, are in transit to Perth for analysis.

Earn-in terms

Tyranna paid US$100,000 after quarter end. To earn 50 per cent it must spend US$1.5 million within two years of commencement, including at least US$1.0 million by the later of 31 October 2027 and the end of the first dry season. A further US$1.0 million within two further years would lift its interest to 70 per cent. Continuing shareholders holding 10 per cent are free carried to completion of a feasibility study. First drilling at Coola is targeted for the June 2027 quarter, subject to wet-season timing.

Chinguar gold

The company holds 75 per cent of the Chinguar Gold Project, a 3,342 square kilometre prospection title about 50 kilometres north-east of Huambo. It identified five further artisanal workings upstream of stream sediment anomalies, bringing the total to 20, and took 77 stream sediment and 283 soil samples, which are also in transit.

Namibe sale and funding

The sale of the 90-owned Namibe lithium and caesium company to Sinomine Resource (Guangdong Hengqin) Supply Chain Co., Ltd. completed on 19 August 2026. Final proceeds were US$1.368 million, which Tyranna reports as A$1.873 million after a withholding mechanism.

Tyranna also raised about A$1.0 million before costs through a placement of 400 million shares at A$0.0025, with one option for every two shares at A$0.005 for two years. The options and the participation of directors David Crook (A$25,000) and Davide Bosio (A$50,000) need shareholder approval at the annual general meeting on 10 November 2026. Davide Bosio became Chairman on 28 September 2026.

Cash flow

Net operating outflow was A$953,000, including A$430,000 on exploration and evaluation, A$259,000 on staff costs and A$265,000 on administration. Inflows were A$1.873 million from the Namibe sale and A$934,000 net from the placement. Cash rose from A$456,000 to A$2.349 million at 30 September 2026. The company estimates about 2.47 quarters of funding, with no debt.

Risks and conditions

The Coola earn-in carries expenditure commitments and depends on title renewal. The company's quoted soil figures come from the vendor, and exploration at both projects is at an early stage. The report's sample counts and placement proceeds are not fully reconciled.

Next milestones

The company lists the 10 November 2026 annual general meeting, laboratory results from the samples in transit, further sampling until the wet season, renewal of the Coola title, the minimum US$1.0 million expenditure by 31 October 2027 or the end of the first dry season, and a maiden drilling programme at Coola in the June 2027 quarter.

FAQs

Q: What is the main development reported by Tyranna Resources Limited?

A: Tyranna Resources Limited — has reported a September 2026 quarter in which it completed the sale of its Namibe lithium and caesium project, entered an earn-in over a rare earths and niobium project in Angola, and raised new capital. Exploration samples are now awaiting laboratory results.

Q: What should readers watch next for Tyranna Resources Limited?

A: The company lists the 10 November 2026 annual general meeting, laboratory results from the samples in transit, further sampling until the wet season, renewal of the Coola title, the minimum US$1.0 million expenditure by 31 October 2027 or the end of the first dry season, and a maiden drilling programme at Coola in the June 2027

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.