Key Highlights

  • Tali Resources (ASX: TR2) rose 20.51% to AUD 0.47.
  • TR2 remains down 26.56% over one year based on the supplied market data.
  • The company announced drilling plans for the large-scale Khya Prospect in July 2026.
  • Khya is being tested as a potential intrusion-related copper-gold target within West Arunta.

Tali Resources Ltd (ASX: TR2) has put a fresh exploration catalyst in front of investors. The stock jumped 20.51% to AUD 0.47 in the supplied market snapshot, even as it remains 26.56% lower over the past year. The next chapter is centred on Khya, a large-scale target that has moved from geophysical interpretation toward drill testing.

Khya Moves From Target to Drill Test

Tali announced in July that the Khya Prospect was scheduled for drilling in August. The target comprises a 3.5-kilometre magnetic structure with a semi-coincident gravity anomaly extending about 2 kilometres along strike. The company has described the setting as prospective for intrusion-related copper-gold mineralisation.

A Funded Test at West Arunta

The planned diamond drilling program has been supported by a AUD 270,000 Exploration Incentive Scheme co-funding grant from the Geological Survey of Western Australia. Tali said approvals were in place for the program, providing a defined pathway toward testing the target.

Broader Exploration Adds Context

Khya sits within the broader West Arunta exploration portfolio, where Tali has also advanced aircore drilling across several prospects. The company reported completed work at Lonar East, Chilka, Gibson West, Caspian East and Hutt, with further aircore drilling planned.

What Could Come Next for Tali Resources (ASX: TR2)?

The market focus now rests on Khya drilling and the information generated from the first direct test of the target. Results from Khya, alongside ongoing work across West Arunta, will determine how the company’s exploration portfolio develops from here.