TRF 0.00% 1.9¢ trafford resources limited

2014 -the rise of trafford resources., page-37

  1. 2,120 Posts.
    Walking along the surf beach tonight, I had a epiphany moment as the AUD lowers beneficially today for miners at .88c

    Trafford have an alliance currently option with Independence Mining Group (IGO)to farm into their Twin Peaks project if they proceed ahead and spend $5 million in the next 3 years to earn a 80% interest. Twin Peaks is a highly encouraging prospect which has had 5000 m of drilling at their high grade hematite Iron Ore prospect. They had very encouraging results of 68% at around 22m. With Iron Ore prices being high, I think we might see a announcement in the near future regarding this project when Wilcherry Hill has the arranged finance, and is fully operational.

    Independence IGO are one of Australia's leading Base Metals miner's , with very strong expertise and management. Their SP is well over $3. They have a great diversity of quality portfolio of mining assets which include Iron Ore, Nickel, High Grade Copper and Gold Projects in WA. They are just beginning a new gold project currently with a large production facility called Stockman. The project just had their first Gold Pour and hope to produce between 120,000-160,000 ounces a year with a JV party, with low production costs and very strong cash flows over the next 3 years IGO are on the aggressive expansion trail currently looking for quality Base Metals prospects and suitable JV partners. Enterprise Metals ENT have just announced that IGO would be there Farm In Partner for their Darlot Base Metals project in Western Australia which is very beneficial for them.

    I think we might an alliance with IGO in the future. This makes perfect sense as they have the expertise to be good strategic partner in taking the Weednana project to full production. Weednana has so far only had very minimal drilling of around 5000m, but the gold grades are high and very encouraging with one being around 8m at 22 g/t. (See Trafford Website) I think we might see an announcement with a Farm out to IGO regarding this prospect in the future as the POG approaches back to higher prices in the future between $1300-1500 later in the year. The drilling exploration program here has only be very minimal. Having a Farm in partner will be bring a large amount of exploration cash & expertise to the table. This will enable TRF to be free carried, for this project with very minimum risk, handing IGO a good percentage equity stake in the project.


    Lastly Zinc and Lead Projects are on the rebound greatly. ZInc and Lead have being climbing in recent weeks on the LME both over $2000 a tonne. GM has announced that all electric car batteries would be converted back to Lead after a large amount of recalls concerning dangerous battery fires with Lithium. There has been a large amount of closures of quality high grade zinc projects in the last year. So there is a worldwide shortage imbalance of high grade Zinc mines. The Telephone Dam prospect has very high grades of lead and Zinc including 24m at 3.15%. Recently Rox Resources RXL announced Canadian Mining Giant Teck as a farm in partner with their Lead-Zinc prospect in the Northern Territory, which a very good alliance which will carry both miners to fruition. I think we might see a Farm In partner with this prospect in the near future. ZInifex (Old Pasminco) were going to be a farm in partner prior to the Commodities crash of 2008.

    Expect the Unexpected, with possible new JV alliances being formed, and major announcements. TRF has a very large diversity of quality tenements.

    Im sure we will be soon be heading into company making major news soon.
    Tick Tock.

    Arlberg1



 
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