Tamaya changes ASX status

Tamaya Resources Ltd has received approval from the ASX to change its status....

  Tamaya Resources Ltd has received approval from the ASX to change its status from a Mining Exploring Entity to a Mining Producing Entity.The change recognises Tamaya’s position as a copper producer, and requires the Group to comply with tighter schedules for its financial reporting as a producer. Over the past twelve months, Tamaya has moved from being a single copper mine operation to becoming a group with a global portfolio that comprises a producing copper mine in Chile, a gold mine near-production in Armenia, and a number of copper and gold exploration tenements in four countries (Chile, Armenia, Portugal and Australia), including advanced gold exploration and tungsten projects in Portugal. As a result of recent acquisitions, Tamaya has also increased its copper resource to over 300,000 tonnes (150%), and now has a significant gold resource of approximately 1.74 million oz gold for its assets in Armenia and Portugal. Some of the copper projects contain significant by-product iron. Executive Chairman Hugh Callaghan said that the MPE status was appropriate given the Group’s increasing production base and extensive project pipeline.