Exploration Planning and Execution
TLMR ensures a constant flow of value generating exploration prospects. These are either self generated projects or external rights holders engaging TLMR with prospects for consideration.
TLMR has a diversified minerals portfolio and our deal flow is geared to complement the existing resource base with sound projects. The graphic below explains the typical process of either self generated or external projects presented to our expert team to assess it for possible exploration investment.
Projects are assessed in terms of its prospectivity, complementarity to the TLMR portfolio and commercial value. In case of new ventures, TLMR will apply for the rights or in case of existing rights, TLMR will agree its participation on a project-by-project basis, depending on the prevailing geological, market and financial requirements.
Following the mineral mapping and geophysical surveys, TMLR now proceeds with the development of an exploration action plan. Given our relationship with Belton, a team of specialists consisting of mining engineers, geologists, financial planners and surveyors prepare the exploration programme.
Belton owns several core drill rigs which are then deployed to the target areas and core samples are drilled, logged and presented to an independent accredited laboratory for analysis.
Should the result of this initial exploration prove positive, we proceed with the development of a full pre-feasibility study. Typically, projects can now be developed to a Competent Person’s Report (CPR) level according to JORC or SAMREC standards, meeting stock exchange criteria in case of a possible listing.
Our financial team is involved throughout the process to assist with the cost management and the product marketing. Our value realisation is determined by various market factors and could include a complete project exit, a listing, a partial sell-off or an option to mine the property ourselves.
At various stages throughout this process, TLMR will engage with external investors to participate as the need or opportunity may determine at any given phase of the exploration process.