Green-Energy Metals Investing

TinOne Resources (TSX-V: TORC)(OTC: TORCF) — currently trading below C$0.10 per share — has announced the closing of an oversubscribed financing for gross proceeds of just over C$2 million to be allocated primarily toward the advancement of its 100%-owned Great Pyramid Tin Project in northeastern Tasmania, Australia. 

Green-Energy Metals Investing.

A 3-rig, Phase-1, 5,500-meter drill program is underway at the project with initial assays due shortly. The project has a historic Inferred resource of ~10,000 tonnes of tin at a grade of 0.2%. 

The multifaceted drill program is focused on: 

  • Testing the depth and lateral extensions of the historical resource
  • Testing a large-scale IP chargeability anomaly adjacent to the historical resource
  • Obtaining grade and continuity data utilizing modern drill and analytical techniques within the historical resource area

The TinOne field team is simultaneously readying the company’s second Tasmania-based flagship — the Aberfoyle Tin Project — for drilling via an ongoing field mapping and surface rock sampling program, which has already produced significant grades up to 4.9% tin.


TinOne Resources executive chairman Chris Donaldson — whom you’re about to hear from directly in our exclusive interview — commented via press release prior to the start of drilling: 

“With tin prices having recently hit all-time highs, we are very excited to begin drilling at the Great Pyramid tin project. We are set to test our high-quality drill targets and have secured a diamond drill rig to operate in conjunction with an RC rig. The Great Pyramid tin deposit has seen small-scale historic mining and historical exploration, with very little modern exploration. We are enthusiastic about the potential immediately beneath the historical resource as well as proximal exploration targets.”

The plan is to advance the Great Pyramid property through drilling toward an initial resource estimate and then head south to commence Phase-1 drilling at Aberfoyle within a reasonable timeframe. 

In terms of the metal itself, tin has been receiving quite a lot of attention of late due to its advanced applications in the green energy space — particularly for its use in lithium-ion batteries. Supply concerns recently drove the metal to all-time highs near US$50,000 per tonne before pulling back. 

It’s a market that can rise in dramatic fashion rather quickly — and the potential for heightened demand driven by the global EV boom could certainly drive the metal’s price performance over the coming years. 

While most of the world’s tin production comes from places like China, Indonesia, DRC, and Myanmar… TinOne Resources is advancing multiple early-stage tin projects in the tier-one mining district of northeastern Tasmania, Australia. 

Hence, it would be of little surprise to see the market begin to put a premium on TinOne’s assets as the company forges ahead with boots-on-the-ground exploration, geophysics, mapping, and drilling at both Great Pyramid and Aberfoyle. 

Our own Gerardo Del Real of Junior Resource Monthly had the opportunity to sit down with TinOne Resources executive chairman Chris Donaldson for an in-depth discussion on the tin market and the current exploration and drilling activities underway in Tasmania. Enjoy! 

Yours in profits,

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest