Thomson Resources advised that the Company is also well advanced in defining a JORC 2012 Mineral Resource Estimate (MRE) for the undeveloped near surface Mt Gunyan silver (gold) deposit located in the Texas silver district, southern Qld. Thomson has MRE calculations progressing on Silver Spur, Twin Hills and now on the Mt Gunyan silver-gold deposits, leveraging a combined total of over 56,000 meters of historic drilling on these projects. The Company's aim is to deliver a district scale picture of the in-ground silver, gold and zinc resources for the Texas Project during the first quarter of 2022, as a key step in advancing Thomson's New England Fold Belt Hub and Spoke central processing concept.

The Texas Project is a 100% Thomson owned, large scale silver-gold-zinc-lead-copper district with historic production totaling an estimated 4.2 million ounces of silver and has also produced small tonnages of high-grade zinc-copper-lead mineralisation. From 1981 to 2008, a total of 5 resource companies invested many million of dollars on exploration in the district defining silver-gold-base metal deposits at Silver Spur, Twin Hills and Mt Gunyan as well as many other precious and base metal prospects in the district. It is Thomson's view that the Texas district remains under explored and veryprospective for the discovery of further silver gold, copper and base metal mineralisation.