Tanami Gold NL
Tanami Gold holds a 50% interest in the Central Tanami Project Joint Venture in the NT's Tanami Desert; operating partner Mount Gibson Iron (ASX: MGX) completed its acquisition of Northern Star Resources' former 50% JV stake in February 2026. The JV's Groundrush, Ripcord and Jims deposits host a combined JORC 2012 Mineral Resource of 31Mt at 2.8g/t Au for 2.8Moz contained gold. A fully underwritten A$70.5M rights issue closed June 3, 2026 to fund a two-year decline-development and resource-definition drilling program at Groundrush.
Notable vs. Peers
- Financials score of 9.7/10 is stronger than the peer average of 5.3/10.
- Trading within 4% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Not yet determined: tailings facility, grid power.
Jurisdiction (40%)9/10
Northern Territory: Fraser PPI 2025 is 73.83 of 100 (rank 33 of 68), which maps to 9 on this site's scale. Northern Territory, Australia — top-tier, low political-risk mining jurisdiction.
Infrastructure (40%)7.9/10
A confirmed mill and confirmed road access at Central Tanami Project Joint Venture (Groundrush), Northern Territory; grid power and tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Tanami (Dead Bullock Soak / Callie) (Newmont Corporation), 66 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer stake on file; largest strategic holder is APAC Resources Mining Limited (43.39%) See holders
Not an operating producer, so it isn't the toehold-then-takeout pattern the research documents; a missing producer stake isn't held against a company.
Weight 25% - Distance to a producing mineSub-score:4.5/10
Nearest producing mine: Tanami (Dead Bullock Soak / Callie) (Newmont Corporation), 66 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:3.5/10
Stage: Resource Definition
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
Australia: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Executive Director of Tanami Gold NL, effective May 1, 2026 (Non-Executive Director since November 27, 2018). Bachelor's in Chemical Engineering with Honours, Melbourne University; MBA, Henley Management College UK; Master's in research methodology, Macquarie University. Mining/mineral-processing projects across coal, iron ore, base and precious metals; also Executive Director of ASX-listed Metals X Limited and HK-listed Dragon Mining Limited.
Chief Financial Officer of Tanami Gold NL, appointed September 8, 2014. Responsible for corporate/statutory compliance and financial reporting; 18+ years of financial operations experience at listed mining companies. B.Comm, Murdoch University (2005); GradDipCA, CAANZ (2010).
Company Secretary of Tanami Gold NL, appointed July 19, 2013. 25+ years of mining industry experience; also currently Company Secretary of ASX-listed BARD1 Life Sciences (now Inoviq) and HKEx-listed Dragon Mining Limited.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Tanami Gold is effectively controlled by APAC Resources Mining Limited, which holds 43.39% -- a subsidiary of Hong Kong-listed APAC Resources, a natural-resources investment holding company rather than a mining operator. The top 20 shareholders control more than 79% of the 2.35 billion shares on issue, so the register is closed rather than broadly held. Tanami retains 50% of the Central Tanami Project joint venture; Northern Star Resources sold the other 50% to Mount Gibson Iron for A$50M in 2025, and Mount Gibson shares a major shareholder with Tanami in the Tulla Group. No specialist resource fund holds a meaningful position.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Tanami Gold holds 50% of the Central Tanami Project joint venture in the Tanami Desert of the Northern Territory, operated by its partner Mount Gibson Iron, which bought Northern Star Resources' 50% share in February 2026. The joint venture's Groundrush, Ripcord and Jims deposits hold 1,436,000 oz of gold in measured and indicated resources (36,000 oz measured and 1,400,000 oz indicated) on a 100% basis, plus 1,400,000 oz inferred, as at 30 September 2025. Funded by a rights issue completed in June 2026, Macmahon Underground is to start building portals and about 3.5 km of exploration decline at Groundrush in the September 2026 quarter, allowing about 33,000 m of underground drilling aimed at upgrading more than 400,000 oz of inferred resources. The partners are targeting a development decision in 2027.
No reports or presentations linked yet.