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Thomson Resources holds 100% of the Webbs and Conrad Silver Projects in northern New South Wales, as well as the Texas Silver Project in southern Queensland. These sites are part of the Thomson Resources ‘New England Fold Belt Hub and Spoke’ consolidation strategy, which involves using a central resource hub for processing.

Only minor site activities and exploration are expected to occur during the year on each of the sites.

The Mt Carrington Project is a 2-stage exploration earn-in and option to joint venture whereby Thomson can earn-in up to 70% of White Rock’s (ASX:WRM) Mt Carrington gold-silver-base metal project. Thomson will continue management of the Project and will have sole responsibility for keeping the Project in good standing and funding the operational site care and maintenance costs until formation of the Joint Venture.