Thomson Resources Advances Exploration and Streamlines Operations

Thomson Resources Ltd (AU:TMZ) has released an update.

Thomson Resources Ltd has been actively managing its portfolio, focusing on the resource definition at its silver projects and planning explorations across its gold prospects, especially prioritizing the Harry Smith gold prospect. To address issues from a previous operator at the Texas project, the company renewed exploration licenses and sold others, indicating a strategic realignment. Additionally, a capital raise is underway to fund renewed exploration efforts and resume trading on the ASX, with a notable reduction in operational costs from relocating its registered office.

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