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.