Argonaut acted as Joint Lead Manager to recapitalise Tanga Resources Limited by raising $7.0 million under a two-tranche placement in 2020 to systematically explore Tanga’s significant land packages in Côte d’Ivoire, as well as to advance its other projects in Namibia.

Tanga Resources Limited (ASX:TRL) is a gold-focused explorer with advanced exploration projects in Côte d’Ivoire and Namibia, a mining-friendly jurisdiction with excellent infrastructure. The Company is actively exploring for precious and base metals and developing its wholly-owned Hagenhof Copper-Cobalt Project which hosts large scale sediment-hosted copper-cobalt mineralisation in the Damara Belt in central-northern Namibia.  Tanga Resources Limited, in an earn-joint venture with Epangelo Mining Company (Pty) Limited, a private resources company of the Government of the Republic of Namibia, is also exploring and developing the Joumbira Zinc Project which hosts a shallow, high-grade zinc-lead-silver orebody.