Thomson Resources

Financials:

Primary ticker: ASX:TMZ, OTCQB:TMZRF
Stage of development: Exploration, Development
Primary minerals: Silver, Gold, Tin, Zinc, Copper, Lead
Project to promote: New England Fold Belt Hub and Spoke
Project location: Australia
Website: www.thomsonresources.com.au

Thomson Resources is a diversified minerals explorer currently progressing a number of projects within Queensland and New South Wales with a focus on silver, gold and tin. The Company’s primary focus is its aggressive “New England Fold Belt Hub and Spoke” consolidation strategy in NSW and QLD border region.

Thomson is targeting, in aggregate, mineral inventory available to a central processing facility equating to around 100 million ounces of silver equivalent within the New England Fold Belt portfolio. Resource estimates published by previous operators demonstrates that the aggregate of those for these projects achieves that target.

Thomson has been undertaking its own Mineral Resource Estimates for each of the projects in accordance with JORC 2012. With what Thomson has published to date it is well underway to achieving this target with a current combined MRE of 40.2 Moz silver equivalent for the Texas District and Conrad Project. The MRE for Webbs will issue in May 2022 with the Mt Carrington polymetallic MRE’s still to be published.

Cash: AUD$0.5M (as of Oct 2022)
Debt: NIL

Major shareholders:

Citicorp Nominees (incl. Lind 10.17%) – 12.87%
Silver Mines – 6.71%
Bacchus Resources – 3.26%
Whale Watch Holdings – 2.55%
HSBC Custody Nominees – 1.6%

Management Profile

David Williams – Executive Chairman
David Williams is an experienced executive, having been the managing director of Marmota Limited, a gold, copper and uranium explorer in SA, the former chairman of Lithex Resources Limited, a graphite and nickel explorer, and former president of Heathgate Resources Pty Ltd, the owner and operator of the Beverley uranium mine in South Australia. He also held the position of managing director of a number of ASX listed and unlisted companies in various sectors and brings over 20 years of experience in the energy and resource industry.

What recent news would you like to highlight to investors attending?

6 Oct 2022 – Positive Central Processing Pathway Outcome

4 Oct 2022 – Lind Share Placement Agreement Extended

28 Sep 2022 – Mt Carrington Mineralisation Extends Beyond Pit Shells

1 Sep 2022 – Further Excellent Tin Results at Bygoo

2 Aug 2022 – Drilling at Silver Spur Intersects New Mineralisation

1 Aug 2022 – $2.25M Share Placement Agreement Executed