Company Update
Company Update
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)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.

 


Contact

Eoin Rothery
Chief Executive Officer
Thomson Resources Ltd
T: +61-2-9906-6225
E: eoin@thomsonresources.com.au
WWW: www.thomsonresources.com.au



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