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Company News
Silver set to shine next year, says Citi
Silver’s 25% fall since March to around US$19 an ounce has rattled confidence in the poor man’s gold, but a series of signals point to a bounce next year with Citi, a leading investment bank, pencilling in a possibly return to US$25/oz. That price forecast is the peak in the bank’s probability-based assessment of silver, […]
New study shows positive development scenario for Thomson Resources’ ‘hub and spoke’ strategy
Results from a stage one central processing pathway study have delivered a positive development scenario and up to $425 million in cash flow for Thomson Resources’ (ASX: TMZ) New England Fold Belt Hub and Spoke (NEFBHS) strategy in New South Wales. The study was prepared by engineering consultant Core Resources and considered a number of […]
Thomson Resources to enlarge planned gold pits at Mt Carrington after base metals find
NSW-focused Thomson Resources (ASX: TMZ) has reported that the planned open pits at the Mt Carrington project near Drake will be enlarged after base metals potential triggered a review the of previous gold-silver priority. Thomson, which is earning its stake in the project from White Rock Minerals (ASX: WRM), says relogging of some holes around […]
Debt warning for small resource stocks as a rate squeeze worsens
Investors should take note of the red debt-flag flying over the resources sector with smaller companies at greatest risk, as the toxic mix of interest rate hikes and commodity price falls take effect. Rising interest rates impact everyone, but with mining there is a problem in trying to align erratic (commodity exposed) income with fixed […]
Thomson Resources reports ‘excellent’ tin results from further assays at NSW project
Australia’s tin sector has been struggling in recent years to attract investor interest, but latest drilling by Thomson Resources (ASX: TMZ) at its Bygoo project shows that at least one junior is sticking to its guns when it comes a metal that is increasingly being seen as a technology must-have. The company has received the […]
Thomson Resources uncovers new mineralised zone at historic Silver Spur mine
Thomson Resources (ASX: TMZ) has intersected zinc-lead-copper-silver mineralisation during drilling at the historic high-grade Silver Spur mine within the Texas silver-base metal project in southeast Queensland. The second hole of the program was drilled on the northern margin of the mine to test a dipole-dipole induced polarisation (DDIP) chargeability anomaly and an interpreted strike extension […]
Thomson Resources advances ‘hub and spoke’ strategy at eastern seaboard projects
Thomson Resources (ASX: TMZ) has spent the three-month period to end June primarily focused on the advancement of exploration activities within the New England Fold Belt and Lachlan Fold Belt along Australia’s eastern seaboard. The company said its primary focus had been on its aggressive ‘hub and spoke’ strategy to create a large precious, base […]
Thomson Resources reports more strong greisens from Bygoo tin project
Drilling at the new Stewarts discovery within the Bygoo tin project in New South Wales’ Lachlan Fold Belt has intersected further strong mineralised greisens for owner Thomson Resources (ASX: TMZ). Four holes situated 300 metres northwest of the Bygoo Main Zone were completed to follow up an earlier intersection of 111m grading 0.45% tin from […]
Thomson Resources starts drilling at historic Silver Spur deposit in Queensland
Thomson Resources (ASX: TMZ) has commenced an initial drilling campaign at the historic high-grade Silver Spur mine within its wholly-owned Texas silver-base metals project in south-east Queensland. The program will comprise up to 2,000 metres of diamond core and reverse circulation drilling, testing depth and strike extensions of the current resource and compelling near-resource exploration […]
Thomson Resources builds polymetallic potential at Mt Carrington with resource upgrade
Thomson Resources (ASX: TMZ) has updated resources to include zinc and copper for the Strauss and Kylo gold-silver deposits within its Mt Carrington project in Queensland. This was Thomson’s first step in upgrading resources for all deposits within Mt Carrington to reflect the project’s polymetallic potential. JORC indicated and inferred resources for Strauss and Kylo […]
