Tri Origin Minerals Ltd (ASX:TRO) listed on the Australian Securities Exchange in January 2004 with the aim of becoming the leading minerals explorer and developer in the Lachlan Fold Belt of New South Wales.
The Company’s asset base was established over the decade prior to listing by Tri Origin Exploration Ltd, a publicly listed Canadian company (TSX:TOE) and currently TRO's major shareholder.
The Company has Resources in excess of 28 million tonnes (Mt), including the JORC compliant Resources of the Woodlawn Retreatment Project (11.7 Mt), Woodlawn Underground Project (10.1 Mt) and Lewis Ponds Project (6.6 Mt).
At January 2009 metal prices, the in situ metal value of the Company’s resource portfolio was dominated by zinc (~37%), copper (~19%), lead (~17%), silver (~15%) and gold (~12%).
A feasibility study has been prepared for the Woodlawn Retreatment Project and the current project concept is for the processing of ore from the underground to be integrated into the tailings retreatment project at some stage in the future.
In terms of Tri Origin's precious metal potential, of particular significance is the recent McPhillamys discovery located approximately 20 km south of our Lewis Ponds prospect. Importantly, McPhillamys occurs in an almost identical stratigraphic and structural setting to Lewis Ponds, and hence it has important implications as to the potential for gold rich VMS deposits in the Lachlan Fold Belt and specifically on Tri Origin's tenement areas.
In addition, a longer term strategy is to ensure growth potential by capitalising on the Company’s controlling interest in the Woodlawn District and in the wider Lachlan Fold Belt in general.