Todd River Resources
Financials:
Primary ticker: ASX:TRT
Stage of development: Exploration
Primary minerals: Base and Precious Metals
Project to promote: Nerramyne, Berkshire Valley, Pingrup, Mt Hardy
Project location: Australia
Website: www.trrltd.com.au
Todd River Resources is an Australian-based resources company that holds base and precious metal projects covering over 7,500 sq. km. of highly prospective geology in Western Australia and the Northern Territory.
The Company has 100% ownership of a number of projects in south west WA , which are prospective for nickel-copper-PGE and gold mineralisation including the Berkshire Valley Project 160km north of Perth and the Nerramyne and Pingrup Projects.
In the Northern Territory, the Company remains focused on expanding the mineralisation identified at the Mt Hardy zinc-copper Project north west of Alice Springs after identifying numerous additional prospect areas in late 2019.
The Company is also committed to finalising an Exploration Agreement on the Petermann Range Project in the Musgrave Province of the Northern Territory and is working closely with the relevant stakeholders to achieve this.
Cash: AUD$4.6M
Debt: NIL
Major shareholders:
S2 Resources – 13.9%
Acorn – 6.1%
Gladpeak Pty Ltd – 4.2%
Deutsche Balaton – 3.6%
Zero Nominees – 3.0%
Management Ownership – 8%
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?
Attract new investors to the company
What recent news would you like to highlight to investors attending?
October 27 2022 – September Quarterly Activites report
October 11, 2022 – Stage 2 drilling underway at the Nerramyne Cu-PGE Project
September 5, 2022 – EM and Drilling Update – Nerramyne Project
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Completion of drilling at Nerramyne
post harvest geophysics and drilling at Pingrup and Berkshire Valley
drilling planning for new targets identified at Mt Hardy
6 Months:
Completion of seasonal exploration at Pingrup and Berkshire Valley
Targeted and regional drilling at Mt Hardy
Follow up drilling at Nerramyne
12 Months:
Results dependent
Addional resource tonnes at Mt Hardy
new project acquisition
finalisation of Native Title agreement for new NT project
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?
multiple projects being worked concurrently – optionality
Experienced board with strong technical support from S2R
Well funded for next 12 months
low overheads so money goes into active exploration
What are the top 3 key investor takeaways?
Multiple 100% owned assets being explored
Resource growth at Mt Hardy
Experienced board and technical team