Australia's Thomson Resources falls on sale of Queensland project

Silver Metal

06/12/2022 04:12

** Shares of Thomson Resources Ltd  TMZ.AX  fall as much as
4.6% to A$0.021, on track for its worst session since Dec. 1 if
losses hold
    ** The diversified minerals explorer enters into an
agreement to dispose of its Texas Project to Warwick Gold
Holdings Pty for a total consideration of A$3.5 mln ($2.35 mln)
    ** Says Texas project in Queensland comprises 2 mining
leases, 7 exploration permits-minerals, and various assets
    ** TMZ down ~69% so far this year, as of last close
    ($1 = 1.4894 Australian dollars)
 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com))