Primary ticker: ASX:TRT Stage of development: Exploration Primary mineral: Critical Minerals Projects to promote: Northwest Territories Lithium (Canada), Mt Hardy (Australia). The Canadian Project acquisition is subject to Shareholder approval Project location: Canada, Australia Website:www.trrltd.com.au
Todd River Resources has recently announced a transformational acquisition of over 500 square kilometers of Lithium prospective exploration tenure in the Northwest Territories of Canada. The acquisition of the 3 projects positions TRT with the largest 100% owned exploration footprint of any ASX listed explorer working in the NWT and has come through DG Resource Management (Jody Dahrouge) the Group behind Patriot Battery Minerals (ASX:PMT), Loyal Lithium (ASXLLI) amongst others. Two of the three projects acquired contain documented spodumene in pegmatite swarms and initial exploration will focus heavily on defining these and additional drilling targets for a maiden drilling campaign in the coming Northern Hemisphere winter.
Cash: 6M subject to SH approval Debt: NIL
Major shareholders: DG Resource Management – 17% subject to SH approval S2 Resources- 6.5% Acorn 4.2% Dragon Tree Capital 3.5% Deutsche Balaton 2.6% Management Ownership – 3%
Map of Projects
Management Profile
Will Dix – Managing Director
Mr Dix is a geologist with 23 years’ experience in base metal, gold and uranium exploration and mining. Earlier in his career, he spent seven years with the highly successful international nickel producer LionOre Mining International in a variety of exploration, mining and management roles.
He has a proven track record of successful project and team management and also has extensive experience in commercial activities including ECM activities, mergers, acquisitions and divestments. He holds a Bachelor of Science and Master of Science (Geology) from Monash University and is a member of AusIMM.
What is your rationale for taking part 121 Mining Investment?
Marketing the recent exciting acquisitions
What recent news would you like to highlight to investors attending?
September 27 2023 – Transformational Acquisition of Lithium Exploration Projects in Canada.
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Initial field work at the Ross Lake and MAC Projects to define drilling targets Completion of the Transaction through Shareholder Approval Mt Hardy Drilling completion
6 Months:
Completion of permitting and First Nations consultations in Northwest Territories Initial Drilling of Ross Lake and MAC targets Divestment strategy for some Australian Assets
12 Months:
Full Canadian summer of field work at Halo-Yuri Follow up drilling of new targets defined at all three Canadian Lithium projects additional lithium projects identified in NWT and Australia
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Exploration risk – always present, continue to look at new opportunities Financial/markewt risk
What do you think makes your company such a compelling investment?
Well placed in the critical minerals space with a large exploration footprint in Canada’s newest emerging lithium province Experienced board with strong technical support from Dahrouge Geological Consulting Well funded for next 12 months low overheads so money goes into active exploration
What are the top 3 key investor takeaways?
Re-set of the Company with the focus on Canadian Lithium exploration Well funded with short and medium term news flow Strong alliance with Dahrouge Geological Consulting