New Risk • Jul 15
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$215k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (22% increase in shares outstanding). Significant insider selling over the past 3 months (AU$215k sold). Market cap is less than US$100m (AU$87.3m market cap, or US$61.0m). Duyuru • May 31
Trek Metals Limited, Annual General Meeting, Jul 16, 2026 Trek Metals Limited, Annual General Meeting, Jul 16, 2026. Recent Insider Transactions • Apr 20
Independent Non-Executive Chairman recently sold AU$104k worth of stock On the 15th of April, Anthony Leibowitz sold around 497k shares on-market at roughly AU$0.21 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Anthony has been a net seller over the last 12 months, reducing personal holdings by AU$24k. Duyuru • Apr 15
Trek Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 15 million. Trek Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 15 million.
Security Name: CHESS DEPOSITARY INTERESTS
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 90,333,333
Price\Range: AUD 0.15
Discount Per Security: AUD 0.009
Security Name: CHESS DEPOSITARY INTERESTS
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 9,666,667
Price\Range: AUD 0.15
Discount Per Security: AUD 0.009
Transaction Features: Subsequent Direct Listing New Risk • Feb 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 37% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Revenue is less than US$1m (AU$369k revenue, or US$260k). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (AU$128.7m market cap, or US$90.8m). Duyuru • Feb 17
Trek Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 15 million. Trek Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 15 million.
Security Name: CHESS DEPOSITARY INTERESTS
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 90,333,333
Price\Range: AUD 0.15
Discount Per Security: AUD 0.009
Security Name: CHESS DEPOSITARY INTERESTS
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 9,666,667
Price\Range: AUD 0.15
Discount Per Security: AUD 0.009
Transaction Features: Subsequent Direct Listing New Risk • Feb 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m (AU$369k revenue, or US$259k). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (AU$99.5m market cap, or US$69.8m). Recent Insider Transactions • Jan 08
Independent Non-Executive Chairman recently bought AU$50k worth of stock On the 5th of January, Anthony Leibowitz bought around 700k shares on-market at roughly AU$0.072 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Anthony has been a buyer over the last 12 months, purchasing a net total of AU$83k worth in shares. New Risk • Nov 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 17% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 9.7% per year over the past 5 years. Revenue is less than US$1m (AU$369k revenue, or US$242k). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (AU$35.0m market cap, or US$23.0m). New Risk • Jul 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 9.7% per year over the past 5 years. Revenue is less than US$1m (AU$369k revenue, or US$238k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (AU$48.5m market cap, or US$31.4m). Duyuru • Jul 08
Trek Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.5 million. Trek Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.5 million.
Security Name: Chess Depository Interests
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 55,000,000
Price\Range: AUD 0.05
Security Name: Chess Depository Interests
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 5,000,000
Price\Range: AUD 0.05
Security Name: Chess Depository Interests
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 10,000,000
Price\Range: AUD 0.05
Transaction Features: Subsequent Direct Listing Duyuru • May 22
Trek Metals Limited, Annual General Meeting, Jul 04, 2025 Trek Metals Limited, Annual General Meeting, Jul 04, 2025. Duyuru • Apr 24
Trek Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.5 million. Trek Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.5 million.
Security Name: Chess Depository Interests
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 65,000,000
Price\Range: AUD 0.05
Security Name: Chess Depository Interests
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 5,000,000
Price\Range: AUD 0.05
Transaction Features: Subsequent Direct Listing New Risk • Dec 31
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.2m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$10.9m market cap, or US$6.79m). New Risk • Dec 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.2m free cash flow). Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$11.4m market cap, or US$7.37m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Recent Insider Transactions • Dec 09
Independent Non-Executive Director recently bought AU$61k worth of stock On the 3rd of December, Neil Biddle bought around 3m shares on-market at roughly AU$0.021 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$232k more in shares than they have sold in the last 12 months. Board Change • Dec 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Non-Executive Director Neil Biddle was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Nov 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$4.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.2m free cash flow). Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m (AU$101k revenue, or US$66k). Market cap is less than US$10m (AU$10.3m market cap, or US$6.67m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). New Risk • Sep 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.9m (US$9.96m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$14.9m market cap, or US$9.96m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (4.1% increase in shares outstanding). New Risk • Jun 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.9m (US$9.90m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$14.9m market cap, or US$9.90m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Duyuru • May 22
Trek Metals Limited, Annual General Meeting, Jul 04, 2024 Trek Metals Limited, Annual General Meeting, Jul 04, 2024. Recent Insider Transactions • Feb 09
Independent Non-Executive Chairman recently bought AU$60k worth of stock On the 7th of February, Anthony Leibowitz bought around 2m shares on-market at roughly AU$0.03 per share. This transaction amounted to 9.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Anthony has been a buyer over the last 12 months, purchasing a net total of AU$102k worth in shares. New Risk • Oct 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.3m (US$9.76m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.1m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m (AU$54k revenue, or US$35k). Market cap is less than US$10m (AU$15.3m market cap, or US$9.76m). New Risk • Oct 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.1m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m (AU$54k revenue, or US$34k). Minor Risk Market cap is less than US$100m (AU$27.7m market cap, or US$17.5m). New Risk • Aug 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.1m free cash flow). Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m (AU$54k revenue, or US$36k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$41.9m market cap, or US$27.4m). New Risk • Jun 23
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$3.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.1m free cash flow). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m (AU$54k revenue, or US$36k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (41% increase in shares outstanding). Market cap is less than US$100m (AU$32.0m market cap, or US$21.5m). Duyuru • Jun 09
Trek Metals Limited, Annual General Meeting, Jul 28, 2023 Trek Metals Limited, Annual General Meeting, Jul 28, 2023, at 11:00 W. Australia Standard Time. New Risk • Jun 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$23.7m market cap, or US$15.8m). Duyuru • Nov 08
Trek Metals Limited Advise That It Has Confirmed the Presence of High-Grade Lithium Within an Extensive, Undrilled Pegmatite System At Its 100%-Owned Tambourah Lithium Project Trek Metals Limited advise that it has confirmed the presence of high-grade lithium within an extensive, undrilled pegmatite system at its 100%-owned Tambourah Lithium Project (E45/5839 & E45/5484) in the Pilbara region of Western Australia. Geochemical data is the most important tool for providing vectors towards LCT pegmatites, with element ratios indicating the most fractionated zones that have the highest likelihood of being enriched in incompatible elements of economic interest (such as lithium and tantalum). These fertility ratios have been calculated from new and historical rock chip data collected by FMG. Of particular interest is the K/Rb ratio, noting that other ratios such as Nb/Ta and Zr/Hf also show similar patterns which indicate that highly fractionated pegmatites occur not only in the Eastern Prospect area, where spodumene-bearing lithium mineralisation has been observed in outcropping pegmatites, but also in the much larger and more widespread pegmatites in the Central Prospect area which have similar ratios, highlighting their prospectivity. Pathfinder elements (e.g., Ta, Cs, Sn & Rb) are also enriched in rock chips from this area. Stream sediment data also suggests the presence of elevated lithium in the Central Prospect area with comparable values to those taken from streams in the Eastern Prospect area. While Trek has not yet located any lithium mineralisation in the Central Prospect area, the fertility indicators, the elevated lithium values in the stream sediment data and the large volume of pegmatites in outcrop all add weight to this being a highly prospective area for lithium mineralisation and thus being ranked highly as a drill target area. Trek is rapidly progressing towards drill target definition and gaining the required agreements and approvals to allow drill testing of this exciting large hard rock lithium mineralised system in the Pilbara region of Western Australia. The Tambourah Lithium Project is located 70km south-east of Pilbara Minerals world- class Pilgangoora lithium mine site in the Pilbara region of Western Australia. Trek's extensive landholding at Tambourah comprises two Exploration Licences (E45/5484 & E45/5839) which are 100%-owned by ACME Pilbara Pty Ltd, a wholly-owned subsidiary of Trek Metals Ltd. The Project encompasses the central portion of the 15km long Western Shaw Greenstone Belt, which occurs on the eastern limb of an anticline folded around the Tambourah Dome. The greenstone rocks comprise Archean-aged metavolcanic, metasedimentary, and various granitoids with associated pegmatitic phases. Samples taken during Trek's first reconnaissance trip to evaluate the lithium potential at Tambourah corroborated the lithium potential highlighted in the historical exploration results and confirmed the presence of multiple outcropping pegmatites in the areas of stream sediment anomalism, with new rock chip samples returning grades of up to 1.04% Li2O. Importantly spodumene was confirmed in multiple pegmatite dykes at Tambourah via Raman analysis at The University of Western Australia's Centre for Microscopy, Characterisation and Analysis. Trek is currently focused on defining drill targets within the areas with anomalous lithium and other pathfinder elements such as caesium, rubidium and tantalum. Trek previously reported exceptional high-grade results of up to 178g/t Au from rock chip samples taken preliminary reconnaissance fieldwork on E45/5484 in 2021. The prospectivity of the area is supported by other high-grade results from nearby samples including 13.0g/t Au and 5.79g/t Au. There are at least 13 known gold occurrences and old mining workings located on the project. Duyuru • Nov 07
Trek Metals Limited (ASX:TKM) acquired E45/4640 from Pilgangoora Operations Pty Ltd. Trek Metals Limited (ASX:TKM) entered into an agreement to acquire E45/4640 from Pilgangoora Operations Pty Ltd for AUD 0.30 million on May 17, 2022. The acquisition cost payable to Pilgangoora Operations in Trek Metals ordinary fully-paid shares based on a deemed issue price of the lesser and plus a 2.5% NSR Royalty. Shares issued will be subject to a voluntary 6-month escrow from the date of issue. The transaction is subject to completion of due diligence and all other necessary third party and regulatory approvals/consents.
Trek Metals Limited (ASX:TKM) completed the acquisition of E45/4640 from Pilgangoora Operations Pty Ltd on November 7, 2022. Board Change • Oct 31
High number of new directors Independent Non-Executive Director Valerie Hodgins was the last director to join the board, commencing their role in 2022. Duyuru • Oct 29
Trek Metals Limited Announces Review Highlights Epithermal and Precious Metals Potential At Valley of the Gossans Trek Metals Limited advised that a review of exploration data from the Valley of the Gossans (VOG) prospect and the greater Pincunah Project in the Pilbara region of WA has resulted in a new mineralisation model for the area. The identification of epithermal mineralisation potential at VOG as part of a likely precious metals system has upgraded the previously identified Conductor `A', which has yet to be tested by drilling. A robust multi-element As, Se, Sb, Bi, Ag, Cd, Pb, In, Cu, Mo, Au, S & Te metal association has been defined in soils at Valley of Gossans Prospect. This metal association also defines subsidiary targets including those located immediately north-east of Valley of the Gossans extending to Conductor `A'. All mafic and sedimentary units are strongly altered. Alteration is more difficult to define in ultramafic samples where the least altered composition is quite close to chlorite. Sericite alteration is most closely associated with mineralisation. A zonation from possible chloritic (propylitic) inwards to sericite (phyllic) alteration was recognised and the widespread presence of chlorite was confirmedvia ASD hyperspectral analysis of two drill-holes (VRC006 & 023). If Valley of Gossans is indeed a high-sulphidation epithermal system, the mineralogy and zonation with a predominance of propylitic alteration (chlorite-sericite-carbonate) with possible minor dickite suggests that current exposure is deep in the system, below potential economic gold mineralisation. Potential for deeper porphyry copper mineralisation may still exist. Although the currently observed absolute gold grades are low (<0.4g/t Au), it is important that gold is correlated with the best mineralisation in the system so far. If there is porphyry copper mineralisation at depth, it is reasonable to expect that it is gold-bearing. The low temperature metal suite that overlies epithermal deposits is Hg-Tl-(As-Sb). While there is very high As and Sb anomalism at VOG, the Hg and Tl are not so pronounced over the main As-Sb anomaly. Furthermore, "high temperature metals" like Bi and Cu don't fit with low temperature upper levels of an epithermal story. However, at Conductor `A' there is a very pronounced Hg and Tl anomalism in association with acomparable multi-element geochemical signature to that at the main VOG anomaly. It would be reasonable to interpret that Conductor `A' could represent a higher-level portion of the epithermal system, which should be more prospective for economic accumulations of precious metals. Duyuru • Oct 28
Trek Metals Limited Advises Expanded Field Exploration Program At Tambourah Lithium Project Trek Metals Limited advised that following a expanded field exploration program at its 100%-owned Tambourah Lithium Project (E45/5839 & E45/5484) in the Pilbara region of Western Australia, Trek confirmed the presence of spodumene within an extensive pegmatite system which has never been drill tested. Four rock chip samples collected by Trek were analysed by Raman spectroscopy at The University of Western Australia's Centre for Microscopy, Characterisation and Analysis (CMCA), with all samples confirmed to contain spodumene. This is of particular importance as spodumene is a highly valued lithium ore mineral within hard rock lithium mines, such as the world- class Pilgangoora Deposit, located approx. 70km to the north-west in Pilbara region of WA. A total of 66 rock chip samples were taken targeting LCT pegmatites across both Tambourah licences and have been submitted for analysis with assays currently pending. Geochemical data represents the most important tool for providing vectors towards LCT pegmatites, with element ratios indicating the most fractionated zones that have the highest likelihood of being enriched in incompatible elements of economic interest (such as lithium and tantalum). These fertility ratios have been calculated from historical rock chip data collected by FMG (refer JORC Table 1 for additional information). Of particular interest is the K/Rb ratio, noting that other ratios such as Nb/Ta and Zr/Hf also show similar patterns which indicate that highly fractionated pegmatites occur not only in the Eastern Prospect area, where spodumene bearing lithium mineralisation has been observed in outcropping pegmatites, but also in the much larger and more widespread pegmatites in the Central Prospect area which have the same ratios, highlighting their prospectivity. Pathfinder elements (e.g., Ta, Cs, Sn & Rb) are also enriched in rock chips from this area. Stream sediment data also suggests the presence of elevated lithium in the Central Prospect area with comparable values to those taken from streams in the Eastern Prospect area. While Trek has not yet located any lithium mineralisation in the Central Prospect area, the fertility indicators, the elevated lithium values in the stream sediment data and the large volume of pegmatites in outcrop all add weight to this being a highly prospective area for lithium mineralisation and thus being ranked highly as a drill target area. Trek is rapidly progressing towards drill target definition and gaining the required agreements and approvals to allow drill testing of this large hard rock lithium mineralised system in the Pilbara region of Western Australia. Duyuru • Aug 24
Trek Metals Limited, Annual General Meeting, Oct 10, 2022 Trek Metals Limited, Annual General Meeting, Oct 10, 2022, at 14:30 W. Australia Standard Time. Board Change • Aug 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Executive Director John Young is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jun 29
Trek Metals Limited Appoints Valerie Hodgins as Non-Executive Director, Effective from July 1, 2022 Trek Metals Limited announced the appointment of experienced commercial and corporate lawyer Valerie Hodgins to its board as a Non-Executive Director, effective from July 1, 2022. The appointment further strengthens Trek's board as it completes its strategic repositioning as an explorer-developer focused on a high-quality portfolio of battery minerals assets in the Pilbara region of WA, including the advanced Hendeka Manganese Project. Ms. Hodgins is a highly experienced commercial lawyer with a strong governance and commercial background. Before undertaking legal studies, she worked in the private sector as a human resources professional and in industrial relations before qualifying as a commercial lawyer. She has worked as a sole practitioner, as well as in the State and local government sectors, and was previously In-house Counsel for CGA Mining Limited, a junior TSX and ASX listed company with mining interests in the Philippines and Africa, up until its acquisition by Canadian gold miner B2 Gold Corp. in January 2013. As a GAICD and member of AICD WA, and a previous Board member of the Australian Association of Corporate Counsel and the WA Legal Practice Board, Ms. Hodgins has a strong governance background and will bring diversity and independence to the Board of Trek. Duyuru • Jun 07
Trek Metals Limited (ASX:TKM) entered into a Scheme Implementation Agreement to acquire EDGE MINERALS LIMITED for AUD 4.34 million. Trek Metals Limited (ASX:TKM) entered into a Scheme Implementation Agreement to acquire EDGE MINERALS LIMITED for AUD 4.34 million on June 3, 2022. Total consideration for the acquisition is approximately AUD 4 million with Edge shareholders to receive 2.12 new Trek shares for each Edge share held. Upon implementation of the Scheme, it is estimated that Trek shareholders will own 86.53% of the combined entity and Edge shareholders will own the remaining 13.47%. Transaction is subject to regulatory and shareholder approvals including Edge shareholders approving the Scheme by the requisite majorities under the Corporations Act; The Court approving the Scheme in accordance with section 411(4)(b) of the Corporations Act; Trek shareholders approving the Scheme for the purposes of ASX Listing Rule 10.1; and Other conditions customary for a transaction of this nature. Trek and Edge shareholders will be asked to approve the Scheme at separate meetings expected to be held in September 2022. Implementation of the Scheme is targeted for October 2022. Blackwall Legal LLP acted as legal advisor to Trek Metals Limited (ASX:TKM). Steinepreis Paganin acted as legal advisor to EDGE MINERALS LIMITED. Duyuru • May 18
Trek Metals Limited (ASX:TKM) entered into an agreement to acquire E45/4640 from Pilgangoora Operations Pty Ltd for AUD 0.30 million. Trek Metals Limited (ASX:TKM) entered into an agreement to acquire E45/4640 from Pilgangoora Operations Pty Ltd for AUD 0.30 million on May 17, 2022. The acquisition cost payable to Pilgangoora Operations in Trek Metals ordinary fully-paid shares based on a deemed issue price of the lesser and plus a 2.5% NSR Royalty. Shares issued will be subject to a voluntary 6-month escrow from the date of issue. The transaction is subject to completion of due diligence and all other necessary third party and regulatory approvals/consents. Board Change • Apr 27
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. 1 experienced director. No highly experienced directors. 1 independent director (2 non-independent directors). Executive Director John Young is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Chairman Tony Leibowitz was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Duyuru • Apr 06
Trek Metals Limited Announces 2022 Exploration Program Commence Trek Metals Limited announced that its 2022 exploration field season has commenced with multiple programs planned across its 100%-owned exploration portfolio in the Pilbara region of Western Australia. Current Focus of Exploration Activity: Field activities have commenced with an orientation soil survey over the known mineralization at Valley of the Gossans and over Conductor. This is being conducted to assess the best sampling methodology and confirm the applicability of in-field geochemical analyses. The team will then undertake systematic surface geochemistry over all high-priority electromagnetic conductors defined during last year's maiden helicopter borne EM survey. The data generated will allow for target ranking prior to drill testing. Following completion of these programs, the team will re-locate to the Tambourah Project, where a number of mineral systems have been identified that warrant follow-up, including the high-grade gold rock chips collected by Trek in 2021. Duyuru • Mar 28
Trek Metals Limited to Drill Compelling IOCG Target in the Great Sandy Desert Through Farm-In Deal with Buxton Resources Trek Metals Limited announced that it has secured a new high-quality exploration opportunity after entering into a Farm-in and Joint Venture Agreement with Buxton Resources (Buxton) over Buxton's Centurion IOCG Project, located 400km south of Halls Creek in the Great Sandy Desert region of Western Australia. The Centurion Project encompasses a high-quality Iron Oxide Copper Gold (IOCG) exploration target which represents a unique, walk-up drilling opportunity in a frontier mineral province. The target consists of a coincident large-scale magnetic anomaly extending over an area of 3.5km by 5km with a coincident gravity high in a slightly offset position. This is a characteristic geophysical signature of Tier-1 IOCG deposits such as Olympic Dam and Prominent Hill in South Australia. E80/5579 covers a prominent dipolar magnetic anomaly exceeding 1,500 nanoteslas in amplitude and extending over an area of 3.5km by 5km. Results from an airborne gravity gradiometer (AGG) survey reveal a similarly dipolar gravity high in a slightly offset position to the magnetic feature - a characteristic pattern observed in Iron Oxide Copper Gold (IOCG) deposits such as Olympic Dam and Prominent Hill. CRA completed a single historical drill-hole (VE001) at the target which failed to penetrate the Canning Basin cover but did intersect clasts of altered intrusives and geochemical anomalism consistent with local derivation from an IOCG setting. Trek intends to fast-track its assessment of the IOCG opportunity by drilling a single deep parent diamond drill-hole, together with a proposed W1 daughter hole (Figure 2). Drilling will commence as soon as practicable, subject to drill rig availability, permitting and access. Trek's exploration team believes that the Centurion target represents an exceptional exploration opportunity to evaluate a standout geophysical target with all the hallmarks of a large-scale, Tier-1 IOCG system. The lack of effective historical drilling in the area adds to the strong investment case for this Farm-in and Joint Venture Agreement. To complement this opportunity Trek has applied for additional tenure surrounding and in close proximity to the Centurion target. Preparations and design are well advanced for a deep diamond hole to evaluate the central portion of the target, providing a platform for follow-up down-hole geophysics and any daughter/wedge holes which will be appropriately targeted depending on the results of the parent hole. The Centurion Project comprised granted Exploration Licence E80/5579 (granted in November 2021), located in the Great Sandy Desert on unclaimed crown land approximately 400km south of Halls Creek in Western Australia. Under the Farm-in and Joint Venture terms ("JV"), Trek will be required to drill test the Centurion IOCG target within 21 months of signing of the JV and shall sole fund $500,000 of expenditure including satisfying a minimum of at least 300 metres of diamond core drilling. On completion of Stage 1, Trek may elect to withdraw from the JV or will have earned a 51% interest in the tenement. If results from the Stage 1 first drill hole are positive/encouraging, Trek will have the right to elect to proceed to Stage 2 where by spending a further $3 million of expenditure on the tenement within 3 years Trek may earn a further 24% interest in the tenement, taking it to a potential 75% overall tenement interest. Buxton will be free-carried at 25% project equity level until a Decision to Mine milestone is reached where both parties may elect to form a co-contributing Joint venture. Duyuru • Mar 06
Trek Metals Limited Announces Compelling New VMS and Nickel-Copper Targets Trek Metals Limited advised that it has identified compelling new precious and base metal targets across its 100%-owned exploration portfolio in the Pilbara region of Western Australia. Of note is the accumulating evidence of a large mineralised system at the Valley of the Gossans (VOG) volcanogenic massive sulphide (VMS) discovery at the Pincunah Project and a high-priority nickel-copper sulphide target identified from a review of geophysics at the Jimblebar Project. Laboratory assay results from the three additional drill-holes completed late last year at VOG have returned significant high-grade silver results. Given the extent of the surface geochemical anomaly and the encouraging results received from drilling to date, the prospect is a high priority for Trek. The Company is planning to undertake deeper diamond drilling during 2022 given the excellent correlation seen between the modelled chargeability anomalism and the observed mineralisation. Recent Insider Transactions • Feb 15
Independent Non-Executive Chairman recently bought AU$53k worth of stock On the 11th of February, Anthony Leibowitz bought around 644k shares on-market at roughly AU$0.082 per share. This was the largest purchase by an insider in the last 3 months. This was Anthony's only on-market trade for the last 12 months. Duyuru • Jun 02
Trek Metals Limited Set to Commence Drilling at Pincunah After Defining Further Significant Anomalies Trek Metals Limited advised that it has defined several new gold-copper-arsenic and multi-element anomalies extending over a strike length of more than 6km at its 100%-owned Pincunah Gold and Copper Project in the Pilbara region of WA. Drilling is planned across eight high-priority targets defined by geophysics, soil, and rock geochemistry. The drilling will be undertaken by Orlando Drilling, which has been contracted for a minimum program of 4,000m starting in June. The Pincunah Project is located in an extremely prospective area, immediately south-east of the 873,500oz Mt York Gold Project, owned by Kairos Minerals and the world-class Pilgangoora-Altura lithium mining complex, owned by Pilbara Minerals. The Company has received 70% of the results from a recently completed a 1,186-sample soil sampling program and 32 rock chip samples. The results have further defined an anomalous corridor associated with a highly altered mafic-felsic units that hosts some of the previously identified silver-arsenic mineralization at the Valley of the Gossans prospect (VOG) to the south-east. Results received from 32 rock chips taken during a recent reconnaissance program have reinforced the prospectivity of this trend, with several samples returning assays high in copper and base metals. One exceptional result of 18% Cu, 0.5% Ni and 69g/t Ag was taken in an east-west orientated creek just 100m south of the IP anomaly reported last quarter. The majority of the soil results from the Carlindi corridor are still to be received, however one soil sample has returned a significant result of >1g/t Au located just 2km west of the VOG which remains unexplained in the current geological context, and follow-up work is required. Duyuru • Feb 16
Trek Metals Limited Defines Extensive Multi-Element Arsenic Anomaly at Pincunah Trek Metals Limited advised that it has defined an extensive arsenic-multi-element anomaly extending over a strike length of more than 2km at its 100%-owned Pincunah Gold and Copper Project in the Pilbara region of WA. The Pincunah Project is located in an extremely prospective area, immediately south-east of the 873,500oz Mt York Gold Project. The company has received results from a recently completed 993-sample soil sampling program and 103 rock chip samples. The results have identified a highly anomalous corridor associated with a highly altered felsic unit that hosts some of the previously identified mineralisation at the Valley of the Gossans prospect. The strongly elevated As-Sb-Ag-Se+/-Au corridor is over 2km long and is both open to the north-west and south-east beyond the current limits of the sampling. The recent ultra-fine fraction soil survey was guided by procedures recommended by ex-WMC Geochemist Dr. Nigel Brand, who has recently reviewed the results and identified several significant anomalies in a variety of metals. The results of this work are highly significant and have identified a potentially very large and prospective exploration target across Pincunah Exploration Licence E45/4909. The most significant anomaly for gold exploration is a regionally extensive coincident As-Sb-Ag-Se anomaly that is variably coincident with Au-Co-Mo and Bi and extends for 2.1km and up to 500m wide. The anomaly trends north-west and remains open to the south-east and north-west. Duyuru • Jan 28
Trek Metals Limited announced that it expects to receive AUD 3.05 million in funding Trek Metals Limited (ASX:TKM) announced a private placement of 50,833,333 common shares at a price of AUD 0.06 per share for gross proceeds of AUD 3.050,000 on January 27, 2021. The transaction will include participation from sophisticated and professional investors, including Tony Leibowitz, Chairman of the company, for 5,833,333 shares for proceeds of AUD 350,000, subject to shareholder approval. The transaction is expected to close on or around February 3, 2021. Duyuru • Jan 22
Trek Metals Limited Announces Encouraging Initial Exploration Results Confirm Great Potential at the Tambourah Gold Project Trek Metals Limited announced that it has received encouraging results from initial exploration due diligence work completed last year prior to entering into the acquisition agreement for the Tambourah Project Exploration Licence E45/5484. The Tambourah tenement package, located in close proximity to the Company's existing Pincunah Gold Project in the Pilbara region of Western Australia, offers strong prospectivity for new gold and base metals discoveries and substantially enhances the Company's exploration pipeline in this world-class mining region. The Tambourah Project is considered highly prospective for gold deposits with at least 13 known gold occurrences and old mining workings located on the project. The results reported in this announcement are from field work completed in late 2020. A desktop review was completed prior to the program in order to identify areas of elevated gold previously identified by De Grey Mining in 2008 (rock sampling), Cazaly Resources Limited in 2012 (rock sampling) and Fortescue Metals Group in 2014 (stream sampling). Resource Potentials also re-processed the geophysical data across the project to produce a series of images to assist the geological interpretation. The focus of the fieldwork was to relocate previous workings, and areas of anomalous gold geochemistry at surface identified by previous explores in order to assess the area for the potential to host a significant gold deposit. A total of 41 samples were collected on E45/5484 across six main prospects. Desktop studies by Trek in the prospect area highlighted a significant assay result of 1.3g/t Au from a float rock sample that was described as a ferruginous quartz vein. The review also indicated that the prospect area is also located on a west-northwest trending linear zone described in the Geological Survey of Western Australia 1:100,000 map as "blue-black-grey-white hydrothermal silica and chert in dykes and veins" that extend for 1.6km on the license. The historical 1.3 g/t Au rock chip by Cazaly was relocated by Trek in the field and identified as a very large gossanous boulder with quartz veins sourced from the top of a steep ridge to the north. Various other very large boulders 2-3m in diameter occur 150m to the west. The boulders were sampled and returned a best assay of 0.2g/t Au. A gossan outcrop was sampled at the top of the ridge but only returned 0.02g/t, which indicates that the source of the mineralised boulders is yet to be located. Desktop studies highlighted this area as a structurally complex geological setting where an isoclinal folded anticline of alternating ultramafic and mafic rocks is intersected by multiple north-northeast trending faults. Previous rock chip sampling by Cazaly returned one sample that assayed 0.8g/t Au. Old workings were inspected by Trek in the field that extend to 5m depth into weathered bedrock as well as various other smaller workings and alluvial diggings over 200m strike trending north-south. The best rock sample was returned from outcrop within the larger working where 20-30cm wide layer-parallel gossan bands associated with vuggy silica were sampled and returned 3.0g/t Au. A rock sample 100m to the west assayed 0.8 g/t Au, which suggests the potential for multiple stacked mineralised lenses. Previous rock samples by Cazaly returned grades of 0.3g/t Au and 0.5 g/t Au and were described as "iron-silica stone". The area was also highlighted as an anomalous source region as indicated by the Fortescue stream sampling results, where 11ppb gold was returned from a stream sample located 800m to the north downstream from the rock sample location. The WS3 prospect area is characterised by an outcropping band of extensive gossans with varying widths from 0.5-2m that outcrop for at least 100m at surface and dip 78 degrees toward the south-west. A best assay result of 3.6g/t Au was returned from a sample of classic black boxwork gossan which is partly silicified, 10-30cm wide and hosted by a highly altered mafic rock. Sampling of gossan outcrop located 200m along strike to the south-east returned assays of 2.5g/t Au. An initial review of the airborne magnetic data suggests there is a subtle NW trending demagnetised lineament that occurs coincident and parallel with the mineralised gossan trend at the WS3 Prospect. ELEVATOR PROSPECT: Previous sampling by De Grey returned rock assays up to 3.7g/t Au from a sample described as a quartz-chlorite-carbonate vein. Cazaly also undertook some rock sampling which returned results up to 0.4g/t Au from a shallow pit. Duyuru • Jan 20
Trek Metals Limited (ASX:TKM) completed the acquisition of acquire E45/5484 from Redstone Metals Pty Ltd. and Territory Prospecting Pty Ltd on January 18, 2021. Trek Metals Limited (ASX:TKM) entered into binding agreement to acquire E45/5484 from Redstone Metals Pty Ltd. and Territory Prospecting Pty Ltd for AUD 0.10 million on January 6, 2021. Under the terms of agreement Trek Metals Limited will issue 0.75 million ordinary shares, cash payment of 0.05 million and one percent (1%) net smelter return royalty. Shares issued will be subject to a voluntary 6-month escrow from the date of issue. Redstone Metals Pty Ltd. and Territory Prospecting Pty Ltd will sell 50% stake in E45/5484 respectively. In a related transaction, Trek Metals Limited entered into an option agreement to acquire E45/4960 from Redstone Metals Pty Ltd. and ELA 45/5722 from Resource Gold Pty Ltd. The transaction is subject to due diligence.
Trek Metals Limited (ASX:TKM) completed the acquisition of acquire E45/5484 from Redstone Metals Pty Ltd. and Territory Prospecting Pty Ltd on January 18, 2021. On January 18, 2021, 0.75 million shares were issued and are voluntary escrowed until 18th July 2021. Duyuru • Jan 08
Trek Metals Limited (ASX:TKM) entered into binding agreement to acquire E45/5484 from Redstone Metals Pty Ltd. and Territory Prospecting Pty Ltd for AUD 0.10 million. Trek Metals Limited (ASX:TKM) entered into binding agreement to acquire E45/5484 from Redstone Metals Pty Ltd. and Territory Prospecting Pty Ltd for AUD 0.10 million on January 6, 2021. Under the terms of agreement Trek Metals Limited will issue 0.75 million ordinary shares, cash payment of 0.05 million and one percent (1%) net smelter return royalty. Shares issued will be subject to a voluntary 6-month escrow from the date of issue. Redstone Metals Pty Ltd. and Territory Prospecting Pty Ltd will sell 50% stake in E45/5484 respectively. In a related transaction, Trek Metals Limited entered into an option agreement to acquire E45/4960 from Redstone Metals Pty Ltd. and ELA 45/5722 from Resource Gold Pty Ltd. The transaction is subject to due diligence. Recent Insider Transactions • Dec 15
Non-Executive Chairman recently bought AU$129k worth of stock On the 8th of December, Anthony Leibowitz bought around 2m shares on-market at roughly AU$0.059 per share. This was the largest purchase by an insider in the last 3 months. This was Anthony's only on-market trade for the last 12 months. Duyuru • Nov 27
Trek Metals Limited Announces Exploration Update Pincunah Gold & Copper Project Trek Metals Limited completed a major program of soil and rock chip sampling at its Pincunah Gold and Copper Project in the Pilbara region of Western Australia. Trek has completed a program of 923 soil samples and 103 rock chip samples at the Pincunah Gold and Copper Project (E45/4909), located 100km south of Port Hedland and just 5km south of Kairos Minerals' 870,000oz Mt York Gold Project. The soil program covered the "Valley of Gossans" ("VOG) Prospect area, where extensive evidence of hydrothermal alteration has been observed over an area of 2.2km by 0.9km. The north-west trending gossans are poorly exposed at surface and occur as isolated outcrops in a low-lying valley. Recent mapping identified stockwork quartz veinlets and silicification that occurs in close proximity to the main gossans, with the soil program specifically targeting this area The fine fraction soils were sampled on a minimum 50m by 100m grid, with tighter spacing in areas of extensive gossans and quartz veining. Samples have now been submitted for "ultra-trace" gold and multi-element analysis at the ALS Laboratory. Previous assessment of the reprocessed airborne magnetics and radiometrics by Trek revealed that the gossans occur on several prominent linear demagnetised zones that are coincident with mapped felsic volcanics. Previous drilling by PMI in 1969 identified gold mineralisation over significant widths downhole in pyrite-altered felsic porphyry rocks with a best historical intersection of 38.1m at 1.2g/t Au from surface. In addition to the soil program, 103 rock chip samples were also taken from the Pincunah Project. The focus of these reconnaissance samples was to acquire further geological information from areas at VOG, Carlindi and Carlindi North where previous rock chip sampling by Trek returned encouraging Results from these programs expected in early 2021. Program of Work (POW) for drilling approved at Pincunah (E45/4909) and Native Title Agreement signed for Pincunah East (EL(A)45/4917). Induced Polarisation (IP) survey and drilling programs planned for early 2021. Duyuru • Oct 04
Trek Metals Limited Announces Initial Fieldwork Programs Confirm Outstanding Potential Within the Wa Pilbara Gold Portfolio Trek Metals Limited announced that initial reconnaissance fieldwork programs at the recently-acquired Jimblebar and Pincunah gold projects in the Pilbara region of Western Australia have returned positive results, confirming strong prospectivity for gold mineralisation. Trek acquired 100% ownership of the Jimblebar and Pincunah Projects in August 2020 after exercising its option to acquire ACME Pilbara Pty Ltd. The Jimblebar Gold Project is located 50km east of Newman and includes a greenstone-scale exploration opportunity within a historical goldfield. The Pincunah Gold Project is located 70km west of Marble Bar and includes tenements located near significant established gold and base metal deposits (Figure 1). Both projects include prospects for gold and base metal mineralisation and numerous drill targets and exploration opportunities, with virtually no exploration in modern times. The fieldwork program comprised mapping and sampling programs across both project areas and included the reprocessing of geophysical data to assist with geological interpretation. This work delivered a series of maps that combined airborne magnetic and radiometric data, as well as aerial photography, topography and processed satellite imagery. In combination with historical drilling results, these maps were then used to prioritise targets for sampling programs and later interpretation. At the Jimblebar Project, an initial site visit by a Trek geologist has led to the identification of an area of extensive gold shafts and workings on an expired mining lease that occurs over a strike length of at least 300 m along an east-west trend. This highly prospective prospect area has been named Stu's Find. Eleven rock samples were taken from outcrop and mullock at the Stu's Find gold workings with nine of these rock samples returning gold assays above 0.3 g/t. High-grade results from separate samples included up to 4.0 g/t gold, 3.9 % copper and 30 g/t silver as well as other pathfinder metals up to 25 g/t molybdenum and 1136 ppm bismuth. Sampling at the Pilliwinkle prospect also returned anomalous gold results, with the best result from a gossanous and quartz-veined banded iron formation (BIF) sample which returned an assay of 3.2 g/t Au. The Pilliwinkle samples are also highly anomalous in pathfinder metals, returning values of up to 40 ppm molybdenum and 175 ppm bismuth. These initial results from Jimblebar are highly encouraging, with extensive gold mineralisation and a similar metal association that occur primarily within the intermediate volcanic rocks in close proximity to the contact with chert and BIF at both Stu's Find and Pilliwinkle. Bonanza gold intersections also occur along strike to the north of Pilliwinkle at the Sunny South prospect (not on Trek's license), where drilling by Warwick Resources returned high grade gold up to 24 m at 9.4 g/t Au from 20m in WRKRC6 including 4m at 53.8 g/t Au. Mineralisation at Sunny South is hosted in dacite (intermediate) intrusive rocks, similar to the host rocks at the Sunrise Dam and Granny Smith deposits in the Yilgarn Craton. Based on the results received to date, Trek has completed an updated bedrock geology map which, together with reprocessed airborne magnetic data, indicates there may be 5.5 km strike of the highly prospective rocks on Trek's licence. Further fieldwork will be undertaken to assess this potential. Detailed soil sampling is planned at Stu's Find to map the mineralised trend under cover to the west, where a number of branching structures have been identified in magnetic data. An Induced Polarisation (IP) survey may also be conducted over selected soil anomalies to define drill targets. At Valley of Gossans, surface gossans have been observed at surface over a very large area of 2.2 km by 0.9 km (Figure 3). Rock samples from gossans returned highly elevated results of up to 0.4 g/t gold, 56.8 g/t silver, 0.2% copper, 0.1% zinc and 0.3% lead, as well as elevated pathfinder metals including up to 541 ppm bismuth, 10,000 ppm arsenic and 2,677 ppm antimony. Results from this initial reconnaissance fieldwork are highly encouraging, significantly enhancing the Company's understanding of the structure and controls of mineralisation within the Pincunah Project area. Work programs will now focus on identifying intersecting structures with favourable host lithologies and contacts. A detailed soil sampling program is currently being planned at Valley of Gossans and additional ground truthing is also planned to improve understanding of bedrock geology. Duyuru • Aug 31
Trek Metals Limited announced that it has received AUD 1 million in funding On August 28, 2020, Trek Metals Limited (ASX:TKM) closed the transaction. The company issued 9,020,757 shares for proceeds of AUD 315,726 in its second and final tranche. The transaction includes participation from directors, Michael Phillip Bowen for 714,285 shares, John Alexander Young for 1,000,000 shares and Gregory john bittar for 714,285 shares. Duyuru • Jul 17
Trek Metals Limited announced that it expects to receive AUD 1 million in funding Trek Metals Limited (ASX:TKM) announced a private placement of 28,571,429 shares at a price of AUD 0.035 per share for gross proceeds of AUD 1,000,000 on July 14, 2020. The transaction will include participation from sophisticated and professional investors. The company will raise funding in two tranches, in first tranche it will issue 19,550,672 shares within the company’s existing Listing Rule 7.1 placement capacity and second tranche it will issue 9,020,757 shares to be issued subject to approval by shareholders at a shareholder meeting to be held on August 28, 2020. The transaction will include participation from directors of the company for CAD 100,000 subject to shareholder approval. The first tranche is expected to close on or about July 20, 2020. 
