Thomson Resources holds a diverse portfolio of minerals tenements across gold, silver and tin in New South Wales and Queensland. The Company’s primary focus is its aggressive “New England Fold Belt Hub and Spoke” consolidation strategy in NSW and Qld border region. The strategy has been designed and executed in order to create a large precious (silver – gold), base and technology metal (zinc, lead, copper, tin) resource hub that could be developed and potentially centrally processed.
The key projects underpinning this strategy have been strategically and aggressively acquired by Thomson in only a 4-month period. These projects include the Webbs and Conrad Silver Projects, Texas Silver Project and Silver Spur Silver Project, as well as the Mt Carrington Gold-Silver earn-in and JV. As part of its New England Fold Belt Hub and Spoke Strategy, Thomson is targeting, in aggregate, in ground material available to a central processing facility of 100 million ounces of silver equivalent.
In addition, the Company is also progressing exploration activities across its Yalgogrin and Harry Smith Gold Projects and the Bygoo Tin Project in the Lachlan Fold Belt in central NSW, which may well form another Hub and Spoke Strategy, as well as the Chillagoe Gold and Cannington Silver Projects located in Queensland.
Cash: AUD0.5M (Jun 2022)
Silver Mines Ltd – 7.86%
Bacchus Resources – 3.81%
Whale Watch Holdings – 2.98%
Citicorp Nominees – 2.86%
HSBC Custody Nominees – 1.61%
Top 20 Shareholders – 31.50%
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. This has included a number of minerals companies in exploration, production, developing new mines and reviewing commerciality of existing operations. Energy sector experience has ranged from operation and expansion of gas transport infrastructure, buying and selling gas, exploration and production of oil and gas. David has demonstrated ability to develop and implement major strategic directional changes including capital raising, acquisitions and mergers, cost and labour reductions. Until 31 March 2020, David was the Chief Executive Officer of K-TIG Limited (ASX: KTG) and is currently the Executive Chairman of Patron Resources Limited, a minerals explorer primarily focused on gold in South Australia.
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
19 July 2022 – Further Outstanding Tin Results from 2022 Drilling at New Bygoo Tin
13 July 2022 – Drilling Program Commences at Silver Spur on Texas Project