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After shedding its non-core assets to focus on the Dragon & Knight nickel projects in the Goldfields, Tyranna Resources is pulling out all stops to set some smart drill targets. The company said this week it has unearthed a trove of historical geophysical survey datasets that have led to at least two priority targets being identified at Lightning Gossan and the east-west trending regional dykes.

Tyranna Resources says it is not currently in a position to consider Marmota Limited's bid for its Jumbuck gold project in South Australia's gold-rich Gawler Craton after taking legal advice that will see it first deal with an earlier offer from ASX-listed Syngas that has been slow to settle. Whilst the Marmota bid appears to have fewer conditions, Tyranna said it was compelled by binding exclusivity obligations to first deal with the Syngas offer.

ASX-listed Tyranna Resources has conducted a full review of its Knight nickel project in WA, which the company says may have significant exploration upside that requires further investigation. Tyranna has teamed up with independent geological consultant, Xplore Resources to conduct a full review of the project that sits on geological structures linking directly along strike to St George Mining's successful nickel play next door at Mt Alexander.

Tyranna Resources has picked up a couple of interesting nickel tenements in WA in addition to a NSW nickel-cobalt laterite play. The company will acquire unlisted, Clean Power Resources', prime nickel ground across two states. The WA projects are located in good nickel country with a total prospective strike length of over 30km across structures that link directly to St George Mining's successful nickel play at Mt Alexander.