TKL traka resources limited

Chairman’s LetterDear Shareholders, It is my pleasure to present...

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    Chairman’s Letter
    Dear Shareholders,
    It is my pleasure to present to you the Annual Report for the year ended 30 June 2024. This year has been one of
    substantial growth and transformation for Traka Resources Ltd, as we continue to advance our exploration portfolio
    and strengthen the Company’s leadership.
    Our exploration activities have made significant progress, particularly at the Gorge Creek Project, where we have
    expanded our footprint to 470 square kilometres and broadened our focus to include not only base metals but also
    rare earth elements (REE) and uranium. Supported by a grant from the Queensland Government, we are preparing
    to resume our drilling program, targeting SEDEX-style base metal deposits and REE mineralization. The potential
    for large-scale discoveries in this area is promising.
    In addition, our Cranbrook Project, located in the Albany Fraser Orogen, holds considerable potential for
    REE mineralization. Encouraging historical data and recent aeromagnetic analysis have identified multiple highpriority targets, and we are set to accelerate exploration efforts in the coming year. Similarly, at our Mt Cattlin
    Project, we have identified promising gold, copper, and REE targets, and will continue to focus on these highgrade areas.
    Our financial position remains strong following successful capital-raising initiatives, which have provided us with
    the necessary resources to drive our exploration activities forward. The support from our shareholders and
    partners during these initiatives has been invaluable, and I am confident that the investments made this year will
    generate significant value as we move forward.
    In terms of leadership, Traka has undergone important transitions. I am honoured to succeed Mr. Joshua Pitt as
    Chairman, and I would like to express my gratitude for his years of dedicated service to the Company. We also
    welcomed Mr. Josh Gordon and Mr. Jay Stephenson to our Board, and I am pleased to note the appointment of
    Mr. Steve Lynn as CEO and would like to thank Mr Patrick Verbeek for his long standing service to the Company
    as CEO. Together, our new leadership team brings a wealth of experience that will guide Traka as we
    continue to grow.
    As we look ahead, our focus will remain on disciplined exploration, targeting high-demand minerals that align with
    global trends in clean energy and technology. This approach allows us to maximize value from our current
    portfolio whilst also assessing new opportunities with substantial exploration potential.
    I would like to thank our shareholders for their continued trust and support, as well as our employees and partners
    for their commitment to the success of Traka. We are excited about the future and look forward to another
    productive year ahead.
    Yours sincerely,
    Harvey Kaplan
    Chairman
    Traka Resources Ltd
 
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