Sydney, June 4, 2018 AEST (ABN Newswire) - Thomson Resources Limited ("Thomson"), (ASX:TMZ
) is releasing a revised version of its Company Update of 25 May 2018 following confirmation that the Bygoo farm-in rights have effectively transferred from International Battery Metals to BeiSur Ost Barat Agency Ltd ("BeiSur"), a private Canadian investor group. BeiSur continue to make their payments under a revised option agreement with Thomson. That agreement requires Beisur to pay Thomson A$3 million for a 51% interest in the Bygoo Joint Venture, with A$1.5 million of that having been paid to date. The option to acquire a further 25% for A$22m remains active.
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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.
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