Projects
Thomson Resources holds a diverse mineral portfolio of projects across gold, silver and tin in New South Wales and Queensland. The Company’s primary focus is on developing its silver focused New England Fold Belt Hub and Spoke consolidation strategy, with the key projects been strategically and aggressively acquired over a 4-month period in 2019/20.
Thomson is targeting, in aggregate, a mineral inventory available to a central processing facility equating to at least 100 million ounces of silver equivalent within the New England Fold Belt portfolio. The Company is well underway to achieving this target with a current combined Mineral Resource Estimates (MREs)(JORC 2012) published by Thomson of 87.1 Moz silver equivalent for the Texas District, Conrad, Webbs projects and Strauss/Kylo deposits at Mt Carrington. Thomson is continuing to prepare updated polymetallic MREs for the remaining 6 deposits for which White Rock Minerals has previously published MREs (JORC 2004). When completed, these MREs are expected to take the total aggregate MRE past the 100 Moz silver equivalent target.
Core Resources has completed and reported Stage 1 of the Central Processing Pathway Study, which provided Indicative cashflows from techno-economic evaluation estimate (before capital expenditure and capital costs) and demonstrated a good positive cashflow over the 8-year project life using a silver price of A$28/oz and only Webbs, Conrad, Strauss and Kylo MREs prepared by Thomson. A high level processing concept and design has been produced, which provides a pathway forward for developing the New England Fold Belt Hub and Spoke Strategy.
In addition to Thomson’s New England Fold Belt Hub & Spoke strategy the Company is also progressing exploration activities within the Lachlan Fold Belt in NSW where an earlier stage tin and gold Hub & Spoke centralised processing strategy is being developed. The Company also has a tenement package near Chillagoe in Far North Queensland which is early stage exploration focused on gold, copper and silver.
Thomson Resources Hub and Spoke JORC Reserves and Resources References
| Project | Deposit | ASX Release |
|---|---|---|
| Texas | Twin Hills Mineral Resource - JORC 2012 | ASX: TMZ - 1 March 2022, 19.5 Moz Silver Equivalent MRE for Texas Silver District |
| Mt Gunyan Mineral Resource - JORC 2012 | ASX: TMZ - 1 March 2022, 19.5 Moz Silver Equivalent MRE for Texas Silver District | |
| Silver Spur Mineral Resource - JORC 2012 | ASX: TMZ - 1 March 2022, 19.5 Moz Silver Equivalent MRE for Texas Silver District | |
| Conrad | Polymetallic Deposit Mineral Resource - JORC 2012 | ASX: TMZ - 11 August 2021, 20.7 Moz Silver Equivalent Mineral Resource Estimate for Conrad |
| Webbs | Silver Base Metal Deposit Mineral Resource - JORC 2012 | ASX: TMZ - 9 June 2022, 14 Moz Silver Equivalent Mineral Resource Estimtate for Webbs |
| Mt Carrington | Updated Polymetallic MREs | ASX:TMZ - 22 June 2022, Updated Polymetallic MRE for Mt Carrington Strauss and Kylo |
| U-PFS – JORC 2012 | ASX: WRM - 19 August 2020, Exceptional Updated Gold Pre-Feasibility Study Results | |
| Gold First Reserves – JORC 2012 | ||
| Gold First Resources – JORC 2012 | ||
| Gold Dominant Resources – JORC 2004 | ASX:WRM - 19 August 2020, Exceptional Updated Gold Pre-Feasibility Study Results | |
| Silver Dominant Resources – JORC 2004 | ASX:WRM - 9 October 2017 Improved Gold Resources at Mt Carrington Gold-Silver Project. |
