Presentation to Tin Conference
Sydney, Nov 2, 2016 AEST (ABN Newswire) - Thomson Resources Ltd (
ASX:TMZ) is pleased to provide the company's latest Presentation to Tin Conference held in Melbourne.
Investment Highlights
- Bygoo North discovery:
-- high grade, shallow tin deposit
-- multiple wide drill intercepts with grade above 1% Sn
--- 10m at 2.1%, 8m at 2.1%, 9m at 1.4%, 7m at 1.0%, 4m at 2.4%, 5m at 1.7%, 6m at 1.3%
--- all estimated true widths
-- simple mineral assemblage: cassiterite, quartz and topaz
-- one continuous zone and potential for repeats
- Tenement surrounding a historical world class tin mine
- Other tenements in highly prospective regional setting
- TMZ leveraged to both exploration success and tin prices
- Tightly held capital structure
Tin Mine Supply
- Inventories close to all time lows
- Prices are reacting to lack of supply
- Chinese tin imports increasing
- Indonesia production decreasing
- Myanmar production has limited capacity to expand
- No significant investment in new mines
Historical Tin Prices to 2016
- Price up 43% this year
- Very low inventories
- Current price A$27,500/t (A$12.50/lb)
- US$20,800/t (US$9.40/lb)
To view the presentation, please visit:
http://abnnewswire.net/lnk/20XUBR6L
About Thomson Resources Ltd
Thomson Resources Ltd (ASX:TMZ) is an NSW active mineral explorer. Thomson has several tin projects (including an advanced project near Ardlethan), as well as gold, copper and zinc targets in a range of settings. Thomson has a good record of discovery, with multiple new Intrusion-Related Gold (gold with copper, lead, zinc, molybdenum, tungsten) systems discovered in the Thomson Fold Belt in the NW of the state.
| ||
|
