Ann: Half Yearly Report and Accounts, page-2

Overview:
Mt Gorge - nothing going on until May because of monsoon season.
Ravensthorpe - adjacent to Mt Cattlin. shows some signs of mineralisations, however nothing going on because GXY cbf doing any exploration work on that tenement. So whenever they feel like ramping it up, that's when TKL will know anything. awesome...
Musgrave - cant secure a permit to access the land in these tenements so again, nothing going on. Have been granted $150k from WA govt to explore.
Powder Puff Hill - This one is surely a joke... TKL seem to suggest they will explore north and south of G88's Quicksilver tenement to hopefully find a nickel sulphide resource. As a long term investor in G88 myself, i hope to God this is not true. G88 has absolutely tanked in SP and hope as a company after trying to chase sulphides at Quicksilver only to come up with laterites which are worthless. So much so G88 basically abandoned Quicksilver to go back to focusing on their gold prospects. Now for some reason TKL has earmarked a program of wasting time and money on extensions of Quicksilver to find sulphides???? how about they just go and read G88's finds and in 3 mins understand to not bother?! FFS.

Finally
Project Generation The Company maintains an active program of project generation while advancing its existing exploration projects.

as above... no projects are advancing, and as a SH i am yet to hear of any project generation in at least the last 6-9months.

All in all... sounds very much like TKL has nothing on their plate this year. Great.... 

TKL has 960k in cash. and half year losses were 560k. so basically at this rate we have 1 year of cash left. that's before they "do any work" so if they decide to ramp up work, we have what... 6 months of cash left?

this is becoming a train wreck. displayed by the dive in SP.