Police have seized two homemade firearms and various illicit substances from a home in the Launceston suburb of Kings Meadows.
Officers from the Northern Drugs and Firearms Unit uncovered a loaded homemade .22 pistol fitted with a silencer and a loaded homemade .22 pen gun during a search on Thursday.
The raid followed reports of an aggravated assault the night before when a man allegedly pointed a gun at someone inside a vehicle.
No shots were fired and no one was injured, police said.
Alongside the weapons, officers found a stash of drugs, including MDMA, cocaine and prescription medication, as well as a motorcycle and a box trailer suspected to be stolen.

A 39-year-old man from Youngtown and a 24-year-old woman from Ravenswood are now facing firearms, assault and drug-related charges.
Detective Acting Inspector Jason Jones said homemade firearms aren’t just illegal but dangerous.
“We encourage anyone in possession of illegal or homemade firearms to hand them over to police,” he said.
“Tasmania has a permanent firearms amnesty. This allows people with unregistered, unwanted firearms to hand them in without fear of prosecution.”
He said there are “no penalties” for people who surrender firearms during an amnesty, regardless of how they may have got their hands on them.