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Thomson Resources
(ASX:TMZ)


Silver Exploration

Our Entry Price $ Current Price $ Current Return Highest Price $ Highest Return
$ 0.098 $ 0.110 12% $ 0.255 160%


Overview

Thomson Resources (ASX:TMZ) is set to acquire 100% interest in the Webbs Silver Project and Conrad Silver Project in the New England Fold belt in NSW.

Due diligence on these potentially transformational silver assets has been completed, and the company will proceed to completion of both silver projects. TMZ shall now proceed to call an EGM of Thomson shareholders, which is targeted for mid-March 2021.

Webbs is one of Australia’s highest grade undeveloped silver asset, while a previous owner has demonstrated an in ground value of almost one billion dollars at Conrad.

Thomson has also entered into a binding and exclusive Term Sheet with White Rock Minerals Ltd, with the joint venture agreement potentially seeing Thomson Resources taking a majority stake in the Mt Carrington gold-silver project.

Thomson provides arguably the best silver exposure of any microcap on the ASX and its key assets account for a resource of approximately 34 million ounce silver, situated in close proximity to the 23 million ounce Mt Carrington resource.

The company is aiming to start aggressively expanding its silver resource base over the coming months, both organically and via acquisitions.

Thomson also has complementary gold assets in NSW and Queensland that it is undertaking extensive rolling drilling programs that build on previous high grade results.

This gold drilling programme provides a significant number of near term catalysts.

Why we have invested

  • Highest grade underdeveloped silver asset
    • Severely underdeveloped compared to its peers on a market cap vs silver grade basis. We expect TMZ will catch up once the transaction is completed and the resource inventory grows.
  • In-situ value
    • In-situ value of resources in the ground hasn’t been fully realised – yet.
  • Potential extensions
    • Potential extensions to the silver resource have been announced – just wait until they are drill tested.
  • Leveraged to precious metals
    • Complementary gold assets, Harry Smith, Hortons and Yalgogrin and Chillagoe means it is well leveraged to precious metals.
  • Gold drilling results
    • Gold drilling results due in the coming weeks provides near term catalysts.
  • Silver
    • This is the first silver stock in our portfolio at a time when the silver price is expected to rise significantly.



Our Latest Articles on Thomson Resources


Type Date Share Price $ Title
Article 05-Mar-2021 $ 0.135 TMZ Eyes 100 Million oz. Silver Equivalent Resource Base
Email 24-Feb-2021 $ 0.170 News in From Our Favourite ASX Stock to Surf the Silver Squeeze
Email 31-Jan-2021 $ 0.200 Thomson Resources Set to Surge on Savage Silver Squeeze?
Article 07-Jan-2021 $ 0.125 Our Stock Picks for 2021
Article 11-Dec-2020 $ 0.092 Our Latest Portfolio Addition: Australia’s Highest Grade Undeveloped Silver Asset

Market Data


Latest Article

TMZ Eyes 100 Million oz. Silver Equivalent Resource Base

TMZ Eyes 100 Million oz. Silver Equivalent Resource Base

Since mid-November 2020, Thomson Resources (ASX: TMZ) has been on an aggressive expansion strategy and yesterday added a further project to its arsenal: The Texas Silver Project in Queensland. Just today, the company announced it has entered into a binding Mine Sale Agreement with MRV Metals Pty Ltd to acquire the Texas Silver Project in Southern Queensland.

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