Thomson entered into a binding Terms Sheet with
Thomson's initial focus has been on the Conrad silver project and that due diligence is well advanced and the Company anticipates releasing some initial observations on the Conrad silver project over the next 2 weeks.
Cautionary Statement
The Exploration Results referred to in the above two paragraphs are not reported in accordance with the JORC Code 2012; A Competent Person has not done sufficient work to disclose the Exploration Results in accordance with the JORC Code 2012; It is possible that following further evaluation and/or exploration work that the confidence in the prior reported Exploration Results may be reduced when reported under the JORC Code 2012; Nothing has come to the attention of Thomson that causes it to question the accuracy or reliability of Pacific Nickel's Exploration Results; but Thomson has not independently validated Malachite's Exploration Results and therefore is not to be regarded as reporting, adopting or endorsing those results.
Pacific Nickel's work on assessing what was in the main part of the Conrad deposit produced an image of the lode resource which showed that it was open in a number of places at depth.
The preliminary due diligence work so far undertaken on Conrad has not yet demonstrated that this is not the case. Thomson will release its findings on this in the next couple of weeks. Pacific Nickel were very optimistic about the project and its then Managing Director,
Silver Strategy
Thomson to consider opportunities to expand its Silver resources both organically and via acquisition, with a view to becoming a strong alternative for investors seeking an Australian focused, high-grade, growth orientated, silver exposure on the ASX.
Contact:
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