Tennant Minerals Limited Tennant Minerals Limited (ASX:TMS) is an Australia-based exploration and development company focused on copper-gold projects in the Tennant Creek mineral field of the Northern Territory. The company holds 100% ownership of the Barkly Project, comprising exploration licenses EL 28620 and EL 30701 and encompassing the high-grade Bluebird copper-gold discovery along a 5km prospective corridor, as well as the adjacent Babbler Project targeting buried magnetic anomalies for similar magnetite-hosted deposits; its activities center on delineating and expanding mineral resources through drilling, metallurgical testing, and gravity surveys to support open-pit development potential. Founded in 1999 and headquartered in West Leederville, Western Australia, Tennant Minerals operates exclusively in Australia with two employees and targets high-grade ironstone-hosted copper-gold mineralization akin to historic producers like the nearby Peko deposit. Recent advancements include the October 2025 maiden JORC mineral resource estimate for Bluebird, confirming open-pit viable high-grade tonnage and new gravity-defined targets for expansion; the company completed significant drilling in 2024-2025 yielding bonanza intercepts such as 17.6m at 2.38% Cu and 5.36g/t Au, alongside excellent metallurgical recoveries via gravity and flotation. In October 2024, Tennant Minerals formed the Tennant Creek Strategic Alliance with CuFe Limited and Emmerson Resources Limited to evaluate a shared multi-user processing facility for copper, gold, and critical minerals across their combined 7.3Mt resource inventory, advancing a March 2025 scoping study update; additionally, CEO Vincent Algar resigned effective July 31, 2025, as noted in the annual report, prompting leadership transition amid accelerated Bluebird delineation efforts.