Tartana Minerals is looking to partner with Alt Resources to accelerate exploration of the projects within its Queensland Strategic Metals portfolio.

Tartana acquired the QSM portfolio of projects in Far North Queensland 2024, gaining ground prospective for tin, tungsten, antimony and rare earth elements.

The proposed joint venture would see Tartana receive $2 million of Alt Resources shares for a 50 per cent stake in the projects.

Alt Resources is set to provide $500,000 in the form of a convertible note for initial exploration activities, with priority on the Daisy Bell tin-tungsten project.

“The proposed QSM joint venture is a great win for both Tartana and Alt Resources and will continue to foster a strengthening relationship between the companies,” Tartana managing director Stephen Bartrop said.

“Under the joint venture, Tartana will realise the full consideration it paid for 100 per cent of QSM in 2024 and the venture will have finance to accelerate exploration across the QSM projects with a focus on defining critical metal resources.”

Image at top of page: Tartana managing director Stephen Bartrop with director – new projects Mat Hancock at an old exploration shaft at Daisy Bell.

QSM built up a portfolio of 10 EPMs and one mining licence covering 771sq km in Far North Queensland.

Key QSM projects include Daisy Bell, Laheys Creek, Comeno, De Wett, Lady Agnes, Tap’n’Toe and Fluorspar.

The most advanced is the Daisy Bell prospect, where historical percussion drilling delivered results including 7.6m at 1.25 per cent tin and 0.3 per cent tungsten trioxide, and 13.7 m at 1.46 per cent tin and 0.48 per cent tungsten trioxide.