Ann: New, high-priority exploration target identified at Lachlan, page-30

TLM is still has one of the most unloved copper projects on the ASX.
Can look over the CHK who yesterday released some pretty disappointed drill results, apologies to S/H there as they lost 65% in one day.

Anyways they hit 1m of Cu at 1% 1400m deep. That's right 1m @ 1% over a kilometer deep. even yesterdays price shredding CHK MC = 24M

TLM has multiple 5-10 and even 27m of over 5/6/7% Cu cashed up the wazoo and is 30% less.

Market will even appreciate the prospect and should be valuing a little more upside in the potential here.

Over to charting had some good volume yesterday and came out slightly green. Gold price has bounce off a fairly major fib retrace at 1675 and IMO is due a bounce as well.

Irrespectively daily stochastics appear to have turned so might be another shortish term buyer interest to 10.5/11c if we can get over that starts to look very good.


weekly still remains my main interest and usually drives my longer term entries. As you can see the MACD is very close to crossing due to the large base that has been set. The previous 2 times the MACD cross green on the weekly it was followed by fairly substantive runs.



I'm still picking up shares at the base. 10M in cash so EV is 7m. 2 major royalties in nickel projects not a long way off production. Kerry Harmanis the near billionaire holding 18% in us and recent board turnover has me quite optimistic in the long term. TLM hasn't been the typically sugar hit stock so a quiet achiever and not a bad place to park money for very little risk. Looking forward to the downhole EM and follow up drilling program on the copper project to test for the "deeper feeder system". Post #:51286565



Found some older info from the days it was owned by KDR.




this is some of the KDR drilling.





Note they chased the lode to the south west, whereas currently it's interpreted that the lode may infact head head to the northwest from dunbars all the way to hilltop at greater depth.





SF2TH