Todd River Resources (TRT) placement

Todd River Resources (TRT) placement – bids close Tuesday 26th

Last traded price: 10.5c

Market Capitalisation ~$6m

For Sophisticated Investors Only

 


TRT will enter a trading halt to raise equity at 9c per share with a 1 for 2 free attaching TRTO listed option (subject to Shareholder approval)

TRT has received good interest from existing shareholders who are very excited about the new Copper discovery made this month by TRT

Will Dix from TRT is available to take calls if you have any questions on the recent discovery 0438 651 920 

 

Key Investment Highlights and potential share price catalysts :

  • TRT has made a new significant Copper and Zinc discovery at Mt Hardy
  • TRT has very low market cap and EV compared to its ASX peers with just a $4.9m EV
  • Experienced Board and Management with extensive experience in Base metal exploration and development
  • Advanced exploration asset portfolio with walk up drill targets
  • No shortage of news flow with rig committed full time at Mt Hardy running a double 24/7 shift
  • This capital raising very attractively priced with free attaching options
  • Rover project soon to be drilling high priority copper-gold targets with ongoing exploration results
  • McArthur River drilling of SkyTEM conductors and high grade Copper rock chip sampling areas
  • One of the most active ASX exploration companies in the Northern Territory
  • Recently received collaborative government funding worth $200,000
  • Funds raised are being used for in the ground exploration
  • All holes completed at Mt Hardy to date have intersected sulphide mineralisation suggesting continuation of broad mineralisation
  • Some of the best drill core I have seen in recent times with assays confirming this:
  • 25.15m @ 2.4% Cu, 4.0% Zn, 3.1% Pb from 184.0m down-holeincluding:
  • 9.15m @ 4.5% Cu, 7.6% Pb and 8.8% Zn from 200.0m down-hole

Click Here for recent assay results announcement released 20th June 2018

 

OUTSTANDING THICK HIGH-GRADE COPPER AND ZINC INTERCEPT CONFIRMS SIGNIFICANT DISCOVERY AT MOUNT HARDY, NT

Massive sulphide interval in first diamond hole returns 25.15m @ 2.4% Cu and 4% Zn including 9.15m @ 4.5% Cu and 8.8% Zn

Highlights:

  •  Assays   confirm   the   previously   reported   base   metal   pXRF   readings   for   hole MHRCDDH0031A at the EM1 target at Mt Hardy, returning: o  25.15m @ 2.4% Cu, 4.0% Zn, 3.1% Pb from 184.0m down-holeincluding:
  •  9.15m @ 4.5% Cu, 7.6% Pb and 8.8% Zn from 200.0m down-hole
  •  In  addition,  9.5m  @  162  g/t  Ag was returned  from the zones  of  massive  sulphide mineralisation, most likely associated with the galena in the sulphides.
  •  Significantly, the assay results were ~50% higher than the pXRF readings.
  •  All holes completed at Mt Hardy to date have hit sulphide mineralisation.
  •  Further drilling underway to determine the geometry of the mineralised zone.
  •  Down-hole geophysics due to commence around the end of June, with results to be immediately utilised in targeting drilling down-dip of this outstanding intercept.

 

Click Here for Terms Sheet

 

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