Australian listed base metal explorer reports December quarter report. During the quarter, the company’s flagship Zinc Lead project’s Earn-in agreement progressed with Apollo Minerals Limited (ASX:AON). On the Lawn Hill project front, the company held meeting with Traditional Owners to discuss the grant of the tenure.
The Company reported lot of action on the corporate front:
- Issued 8 for 1 share to consolidate the number of shares and options
- Completed a $2.4 million placement at a post consolidation issue price of $0.02 per share
- Deregistered a wholly owned subsidiary
- Reports cash position of ~$2.35 million (as at 31 December 2019)
TKM closed the week’s trade at $0.021 (as on 24 January 2020)