TKM trek metals limited

TKM - The Next Zinc/Copper/Lithium/Cobalt Runner

  1. 170 Posts.
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    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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(20min delay)
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
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Last trade - 15.52pm 20/06/2025 (20 minute delay) ?
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