On the path to 100Moz Silver Eq. Resource in 2022

It was good to catch up with David Williams, chairman of our silver investment Thomson Resources (ASX: TMZ), following his presentation at the Brisbane Mining and Energy Conference yesterday.

TMZ has its hands on Australia’s highest grade, undeveloped silver asset - a good place to be with positive sentiment returning of late for precious metals as a safe haven/ anti-inflationary investment.

David provided us an update on their near-term ambitions to build a 100Moz silver equivalent (AgEq) resource feeding a central processing facility in NSW’s Lachlan Fold Belt. That ties in with our main objective we’d like to see TMZ deliver this year, as per our Investment Memo.

David mentioned that TMZ recently doubled its total JORC AgEq resources to 40.2Moz. There are also over 78Moz AgEq in outdated resource estimates across several projects that they are working on bringing into JORC standard quickly. We anticipate that the 100Moz AgEq resource should be ready by Christmas this year.

We also received an updated development timeline. TMZ should commence a pre-feasibility study on their flagship project this year, with a view to a definitive feasibility study commencing later in 2023.

We look forward to seeing the first resource update in the months ahead.