Hi All,
Thought it would be a good idea to summarise TKM's current projects/activities. IMO very undervalued at these levels.
Corporate
Market Cap: 8.74 million @ 2.8c
Cash: 3.1mil cash
EV: 5.64 mill
Debt: Nil
Top 20 SH: 56.7% of register
Directors: 5.7% of register
Last Raise: 2.1million @ 3.1c (November 2017)
Projects
Kroussou Zn/Pb Project
- JV with BAT, TKM to earn 30% interest by spending $1M USD by 31st August 2018. TKM to earn additional 40% (70% total) by spending $3M USD in the subsequent 24 months
- Intermittent historic exploration, conducted from 1962 to 1980, identified significant near-surface, high grade, base metal mineralisation with drill testing limited to a small portion of the target areas (2.3m @ 21.2% Zn+Pb from 0.9m, 8.3m @ 7.8% Zn+Pb from 13.6m and 7.0m @ 8.2% from 9.4m)
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- An aggregate total of approximately 20 strike‐kilometres of soil anomalies at >500ppm zinc plus lead, with Rock Chip Sampling Returning Values up to 44.4 % Pb + Zn (Ann 19/10/17)
- 20% Dikaki Geophysical Programme currently complete, inversion modelling suggests near-surface targets to approximately 100m below surface (Ann 03/11/17)
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Next Steps:
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Lawn Hill Project (Zn, Cu, Co)
- 100% ownership of two large exploration tenements in the NT
- Minimal exploration to date
- Same geology that hosts the World Class Century Zinc Mine - (>150Mt @ 10% Zn+Pb), located ~100kms from tenement
- Project geology can be correlated with the rocks that host the HYC Deposit (>200Mt @ 13% Zn+Pb)
- Along strike and adjacent to the emerging Walford Creek Cu-Co project owned by AML (current MC 191mil) - recently announced high grade copper/cobalt hits 45m@ 2.21% Cu, 0.32% Co 43g/t Ag from 185m at Walford Creek and have raised 30mil for a 30,000m drill program in 2018
- Awaiting Native Title Grant/ Update on negotiations
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Arunta Lithium-Cobalt Project
- Secured the outright purchase of the Arunta Li-Co Project 15/11/17 for a consideration of $300,000 comprising an issue of 8,571,429 Trek shares at $0.035 per Trek share
Project Snapshot
- 7ELA’s comprising 5,274km2
- Abundant pegmatites mapped in Napperby area + Mt Singleton
- Historic rock chips up to 0.12% Cobalt in Lander Bed meta-sediments
- Grant of tenements and reconnaissance update expected early 2018
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Kangaluwi Copper Project
- Zambian Copper Project with a mineral resource estimate of 46Mt at 0.67% copper (308,000t Cu)
- Awaiting outcome of appeal by conservation groups after project approved for development
- TKM reviewing divestment options
Upcoming News Flow/ SP Catalysts
1) Grant of Arunta Li/Co tenements and field work update (Due early 2018)
2) Outcome of full geophysical program at the Kroussou Zn/Pb Project (Overdue)
3) Outline + commencement of Kroussou Zn/Pb Project drilling (Q1 2018)
4) Update on Lawn Hill Zn/Cu/Co Project – someone on HC mentioned that directors are currently on-site which IMO is positive
5) Potential for further acquisitions as hinted by co in last ann
With Zinc smashing past $1.50 USD/lb in the past few days, Li/Co flying, and strong news flow across 3 highly prospective projects, TKM looks cheap.
GLTA holders
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Last
8.8¢ |
Change
0.008(10.0%) |
Mkt cap ! $51.63M |
Open | High | Low | Value | Volume |
8.3¢ | 9.5¢ | 7.9¢ | $187.2K | 2.190M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 85000 | 8.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.8¢ | 1066 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 85000 | 0.083 |
1 | 1008574 | 0.081 |
1 | 23231 | 0.079 |
1 | 6600 | 0.072 |
2 | 114285 | 0.070 |
Price($) | Vol. | No. |
---|---|---|
0.088 | 1066 | 1 |
0.090 | 68445 | 1 |
0.094 | 30000 | 1 |
0.095 | 21664 | 1 |
0.099 | 200000 | 1 |
Last trade - 15.52pm 20/06/2025 (20 minute delay) ? |
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