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Thomson Resources Ltd ( (AU:SMG) ) has issued an announcement.
Silver Metal Group Limited completed planning for resource expansion at their Webbs Project and exploration across their Lachlan Fold Belt Projects. They finalized the sale of the non-core Texas Project, reducing operational costs and debt. The company incurred $217k in exploration expenses and has secured debt funding to meet commitments until a planned future share raising.
More about Thomson Resources Ltd
Silver Metal Group Limited is involved in the exploration and discovery of high-grade base minerals, including silver, gold, zinc, copper, lead, and tin, primarily in New South Wales, Australia. The company holds a diverse mineral portfolio with a focus on the New England Fold Belt and Lachlan Fold Belt regions.
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$4.35M
See more insights into SMG stock on TipRanks’ Stock Analysis page.
