Todd River Resources Published Quarterly Activity Report for September 2019

  • Oct 18, 2019 AEDT
  • Team Kalkine

In the September quarter, Todd River Resource (ASX: TRT) continued field work in the Northern Territory with significant mapping and sampling programs which were completed across Mt Hardy Project. The company also raised adequate capital for ongoing exploration via a placement to raise $1 million (before cost) and 1 for 3 entitlement offer to raise $1.9 million (before cost).

Key Highlights During the Quarter:

  • Seven new prospect areas identified for immediate drilling at Mt Hardy;
  • Combined base metal results up to 41% in rock chip samples;
  • Drilling approved to commence in October;
  • The company had a cash balance of $1.31 million.

At AEST 12:44 PM, the stock was trading at $0.032 per share, down by 3.03% from its previous close.


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