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: 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%
Avenger Projects – 3.0%
Deutsche Balaton – 3.6%
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 capital raisings, 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?

June Quarterly Activites report – to be released
June 13, 2022 – Progress Update for the Nerramyne Cu-PGE Project
April 27, 2022 – Quarterly Activities and Cashflow Reports
April 18, 2022 – Bedrock Conductors Identified at the Nerramyne Project

What are your key goals in 3 months, 6 months, 12 months?

3 Months:

Fixed loop EM and Further drilling at Nerramyne
Land access agreements at Pingrup and Berkshire Valley
Further drilling targets identified at Mt Hardy
 

6 Months:

Commencement of exploration at Pingrup
Further exploration at Berkshire Valley
First pass exploration at Bangemall
 

12 Months:

Results dependent
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/market 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
Strong shareholder base and Top 20
Experienced board and technical team