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Business Description: Tanami Gold NL (TAM) is engaged in gold mining operations and mineral exploration in Australia and the Northern Territory. TAM focuses on Coyote Gold project and Central Tanami Project, all of which are situated in the Tanami-Arunta Province of Western Australia and the Northern Territory.
Strategy Analysis: TAM's growth strategy is fivefold: to expand the Western Tanami Operations up to 65,000 ounces per annum through an increase in throughput capacity at the Coyote Gold Project; complete Stage 1 of the Resources-to-Reserves drill program at the Central Tanami Gold Project; complete the Feasibility Study for the Central Tanami Gold Project; target first gold from the Central Tanami Gold Project (based on the outcome of the Stage 1 drill program and the Feasibility Study) by the end of 2011; and identify potential corporate opportunities that compliment the Company's existing assets and expertise and increase its production profile.
Tanami Gold reported negative cash flow of $950,000 for quarter ended 30 September 2012. Operating cash flow for the period was $(5.61m). Payments for exploration and evaluation were $(6.2m). Investing cash flow was $(1.41m). Financing cash flow was $6.07m. Cash in hand at the end of the quarter was $1.86m.
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