Tyranna Resources is the result of the recent merger of Ironclad Mining and Trafford Resources, combining the exploration assets of Trafford with the potential to raise significant cash from the sale of Ironclad’s fixed assets. The merger was in response to the tight capital markets, and brought together Trafford’s quality exploration portfolio and the potentially saleable fixed assets of Ironclad. Assuming the asset sales go to plan, this will result in a company adequately funded to carry out effective exploration.
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