Taiton Resources Debuts on ASX, Efforts are Focused to Give Back to Shareholders

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Taiton Resources Limited (ASX: T88), a recently founded mineral exploration and development firm, recently debuted on the ASX.

The company debuted on ASX after it had gathered A$7 million. The fund was pooled from their three major South and Western Australia projects: Highway and Challenger and Lake Barlee.

According to Taiton Resources, “The Lake Barlee Project ( Figure 1 ) is situated on the Yilgarn block and lies approximately 65 km southeast of Youanmi and 293 km north of the mining town of Southern Cross.”

Most of the project’s tenements are located on Western Australia’s second-largest intermittent playa salt lake. Mount Magnet, located 163 kilometres northwest of Lake Barlee, is the nearest village.

The Highway Project, on the other hand, sits around Adelaide, Post Augusta, and Stuart Highway. Its most proximate town is Glendambo, a significant stop point on the Stuart Highway.

“Access to the site is via tracks off the main Stuart Highway (Figure 10) by the Bil La Kalin Road to the east and the Hawks Nest Bore Road for northern access. An all-weather airstrip is situated at Glendambo,” says Taiton Resources,

The Challenger West Prospect is located around 135 kilometres southwest of Coober Pedy and about 190 kilometres northwest of the Highway Prospect.

The company plans to map and sample in the first four months of 2023. 

They assured the shareholders that all their efforts were geared toward giving back to them.

Managing director Noel Ong mentioned, “We are delighted to have completed the listing process on the ASX.

“The team has worked incredibly hard to complete the process.

“Now, we are totally focused on giving back to the shareholders who have supported and invested in our story.

“Our exploration plans have started, and we are wasting no time in getting the planning ready for more intense exploration activities in the coming 2023.

“We have completed our Heritage Agreement on the Highway project and in doing that, it has allowed the company to fast-track exploration activities in preparation for a drilling program in 2023. “

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