##{"id":90700,"date":"2020-12-15T10:36:49","date_gmt":"2020-12-14T23:36:49","guid":{"rendered":"https:\/\/www.fnarena.com\/?p=90700"},"modified":"2020-12-15T10:36:51","modified_gmt":"2020-12-14T23:36:51","slug":"tmz-acquires-australias-highest-grade-undeveloped-silver-asset","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2020\/12\/15\/tmz-acquires-australias-highest-grade-undeveloped-silver-asset\/","title":{"rendered":"TMZ Acquires Australia\u2019s Highest Grade Undeveloped Silver Asset"},"content":{"rendered":"<p style=\"text-align:center\"><em>&#8211;The below is a company-sponsored announcement&#8211;<\/em><\/p>\n<hr \/>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/TMZ%20-%20Image.jpeg\" style=\"height:554px;width:832px\" \/><\/p>\n<p><strong>The prices of precious metals (gold and silver) have experienced a slight pullback in recent months.<\/strong><\/p>\n<p>For many, particularly leveraged early-stage stocks, this suggests a likely return to form in the early months of 2021.<\/p>\n<p>This is especially true for silver stocks, as analysts believe the price of silver is poised to run hot next year.<\/p>\n<p><span style=\"color:black\">According to Kitco analyst Peter Hug, &ldquo;Once industrial demand picks up, more tailwinds for silver will push the metal closer to the $35 to $40 an ounce range next year.&rdquo;<\/span><\/p>\n<p>Thomson Resources ((TMZ)) could be positioned to capitalise on this precious metal resurgence, with an existing Gold portfolio and the pending acquisition of two silver assets.<\/p>\n<p>Thomson is a NSW focused explorer, set to acquire 100% of two transformational silver assets in the first months of 2021, with due diligence to be completed in January.<\/p>\n<p>The Webbs Project is Australia&rsquo;s highest-grade undeveloped silver asset and will be complemented by the Conrad Silver Project.<\/p>\n<p>Historical workings show Conrad has a very large &ldquo;in ground value&rdquo;; one which the previous owner demonstrated to have value of almost one billion dollars.<\/p>\n<p>Both projects have seen historic silver production and have a resource defined compliant with the JORC Code 2004 as follows:<\/p>\n<ul>\n<li>Webbs: 1.5Mt @ 345g\/t Ag Eq &ndash; 16.5 million ounces Ag Eq<\/li>\n<li>Conrad: 2.65Mt @ 206g\/t Ag Eq &ndash; 17.5 million ounces Ag Eq<\/li>\n<\/ul>\n<p>Both silver projects are located in the New England Fold belt in NSW and combined, equate to an acquisition of over 30 million ounces of silver equivalent resources.<\/p>\n<p>The projects will be acquired from the $207M capped Silver Mines Ltd (ASX: SVL), and as part of the acquisition, Silver Mines will hold ~ 19% of the issued shares of TMZ, which will be escrowed for 12 months. Silver Mines Managing Director Anthony McClure will take a board seat as a Non Exec Director.<\/p>\n<p>The company is aiming to start aggressively expanding its silver resource base over the coming months, both organically and via acquisitions.<\/p>\n<p>There is an experienced management team driving this agenda and it has been strengthened by the engagement of Global Ore Discovery, led by Stephen Nano.<\/p>\n<p>Global Ore is assisting with running the due diligence process of on the silver assets and has a history of silver project generations that lead to takeovers.<\/p>\n<h2><strong>Thomson stacks up<\/strong><\/h2>\n<p>Thomson has a $30M market cap, and recently raised $6M, so appears well funded for near term exploration.<\/p>\n<p>With the early-stage nature of TMZ&rsquo;s silver ambitions, the company is provided significant leverage to this metal heading into 2021 and compares favourably with other ASX listed silver stocks.<\/p>\n<p><span style=\"color:black\">Its closets peer is Investigator Resources (ASX: IVR), which is currently capped at $63M. IVR&rsquo;s South Australian Paris Silver Project has a resource of 9.3 million tonnes at an average 139 grams per tonne of silver and 0.6% lead for a contained 42 million ounces of silver and 55,000t of lead.<\/span><\/p>\n<p>Thomson&rsquo;s peers also provide a pathway to growth, favourably indicating how the market values silver ounces in the ground.<\/p>\n<p>The company seems severely undervalued compared to its peers on a market cap vs silver grade basis, however, once the transaction is completed and resource inventory grows, TMZ is expected to catch up.<\/p>\n<p>Aside from silver, Thomson has a number of quality intrusion related gold systems in NSW and Queensland, where it is undertaking extensive rolling drilling programs that build on previous high grade results.<\/p>\n<h2><strong>Silver, with a side of gold <\/strong><\/h2>\n<p>It is clear that Thomson exhibits ample upside moving into the new year.<\/p>\n<p>TMZ is focused on building a strong silver resource base in 2021, whilst being supported by existing gold assets.<\/p>\n<p>In the coming weeks, the company is set to complete its due diligence to acquire a high grade, undeveloped silver assets, with the acquisition to be completed early in 2021.<\/p>\n<p><em>Written by: Hannah Goldman<\/em><\/p>\n<hr \/>\n<p><em>Earlier today the corporate announcement above was publicly released. FNArena is acting as a partner in&nbsp;distribution to broaden the reach. No journalists have been involved in the re-publication of this announcement.<\/em><\/p>\n<p><strong>Technical limitations<\/strong><\/p>\n<p><strong><em>If you are reading this story through a third party distribution channel and you cannot see the illustration included<\/em>, <em>we apologise, but technical limitations are to blame.<\/em><\/strong><\/p>\n<p><em>Find out why FNArena subscribers like the service so much: &quot;<a href=\"http:\/\/www.fnarena.com\/index4.cfm?type=dsp_newsitem&amp;n=29EB960D-9DFF-C00E-7F6B464E5D52E250\">Your Feedback (Thank You)<\/a>&quot; &#8211; Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n<p><em>FNArena&nbsp;is proud about its track record and past achievements: <a href=\"https:\/\/www.fnarena.com\/index.php\/2018\/10\/03\/rudis-view-ten-years-on-the-world-is-still-turning\/\">Ten Years On<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SPONSORED: The prices of precious metals (gold and silver) have experienced a slight pullback in recent months. For many, particularly leveraged early stage stocks, this suggests a likely return to form in the early months of 2021<\/p>\n","protected":false},"author":1,"featured_media":90707,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/90700"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=90700"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/90700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media\/90707"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=90700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=90700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=90700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}