Todd River Resources (ASX:TRT)We and other significant shareholders note continued mistakes in statutory reporting suggesting a lack of attention to detail by Board and management which is a concern to shareholders on the accuracy of the reports. •
June Quarter report. Page 6. Browns Prospect. A map is referenced but no map is included.• Resource Table1, page 5.We consider the use of Zinc equivalents in Resource Table 1 to be misleading to shareholders as insufficient metallurgical testwork has been completed to date on the resource to provide accurate recovery values at this stage.
ASX announcement on 27 February notes that the testwork is “preliminary only” and that only “33kg of sample was tested in a composite”. Therefore, there is not yet a reasonable basis for using any recovery rate for a resource, and no basis for the 85% recovery rate in relation to the reporting of zinc equivalents.•
It also refers to an ASX announcement made on 9 July, when in fact the announcement was lodged on 10 July.
TRT Price at posting:
4.0¢ Sentiment: None Disclosure: Held
