Thundelarra Ltd Company Profile

Thundelarra Ltd

ACTIVELY AGGRESSIVE EXPLORER THAT PUTS MONEY IN THE GROUND
Company Exposure

Gold

Company Listing

Thundelarra Ltd

Stock Code

ASX:THX; THXOB

Company Overview



Thundelarra is primarily an Australian gold exploration company. Gold, either in stand-alone geological settings or in association with copper, is the company’s principal target. The company’s portfolio also boasts prospects with discovery potential for base metal (nickel, zinc, silver, lead), uranium and graphite mineralisation. Thundelarra is active in Western Australia (WA) and the Northern Territory (NT).
Thundelarra in 2017 reported the Crown Prince Gold Discovery at Garden Gully and its JV Partner at Red Bore, W. Richmond, will spend $1.5m on exploration there by January 2019.

Why Thundelarra?

  • Strong management team, relevant experience, record of success
  • Strong cash Position, A$7.3M cash as of October 2017
  • ~A$1M cashburn for last 20 quarters: always >67% into the ground
  • Clear strategic commodity focus: gold and copper
  • New gold discovery at Crown Prince
  • Aggressive exploration in active areas
  • Positive drilling results at Garden Gully and Red Bore
  • Richmond to spend at least $1,500,000 on exploration by January 2019 at Red Bore at no cost to THX
  • Red Bore still offers potential DeGrussa VHMS repetitions
Team

Philip Crabb – Non-Executive Chairman
Mal Randall – Non-Executive Director
Frank Demarte – Executive Director
Tony Lofthouse – Chief Executive Officer

Major Shareholders

Ragged Range Mining Pty Ltd – 13%
Chin Nominees Pty Ltd – 7.9%
Siat Yoon Chin – 4.3%
Board and Management – 16%
Top 20 Shareholders – 40%

Live Financials

Latest Announcements

Share Price Performance

Projects Overview


Meekatharra Portfolio (WA)


Garden Gully
  • Situated close to active gold processing plants – Andy Well (300 ktpa) and Bluebird (3.1 Mtpa)
  • Doray Minerals (ASX:DRM) and Westgold Resources (ASX:WGX) actively exploring neighbouring tenements
  • 21 Koz @ 21 g/t historic production, mainly from Crown Prince.
Crown Prince Gold Discovery
  • Hole TGGRCDD110- 2.40m @ 66.5 gpt Au from 263.40m; within 5.65m @ 29.2 gpt Au from 260.80m; within 8.00m @ 22.3 gpt Au from 259.20m
  • Location consistent with projected extension of Main Lode
  • Host veining noted over 15.7m from 251.7m
  • High-grade free gold mineralisation now confirmed to be present at 130 vertical metres below deepest recorded historical workings
Lydia
  • Lydia drilling confirms +500m strike length to mineralisation
  • Mineralisation open along strike and at depth
  • Intercepts (various reports 2017) included:

Significant new intersections at Lydia from recent programme:

  • 8m at 2.6 gpt Au from 81m in TGGRC087
  • 10m at 1.9 gpt Au from 127m in TGGRC087
  • 11m at 2.9 gpt Au from 120m in TGGRC096
  • 9m at 4.8 gpt Au from 213m in TGGRC097
  • 10m at 2.6 gpt Au from 115m in TGGRCDD098
  • 4m at 2.9 gpt Au from 131m in TGGRCDD098
  • 5m at 3.1 gpt Au from 137m in TGGRC114

Previously announced significant intersections at Lydia:

  • 6m at 2.8 gpt Au from 49m in TGGRC015
  • 7m at 24.5 gpt Au from 11m in TGGRC018
  • 37m at 1.8 gpt Au from 71m in TGGRC026
  • 4m at 3.8 gpt Au from 97m in TGGRC032
  • 14m at 2.2 gpt Au from 216m in TGGRC033
  • 80m at 1.9 gpt Au from 79m in TGGRC034
  • 5m at 3.8 gpt Au from 97m in TGGRC073
  • 30m at 3.0 gpt Au from 105m in TGGRC073
  • 8m at 2.9 gpt Au from 104m in TGGRC077

Doolgunna Portfolio (WA)

Red Bore, Curara Well

  • Highly-prospective copper-gold project adjacent to operating DeGrussa copper-gold mine and processing plant
  • A$1,500,000 cash to Thundelarra at commencement (July 2017)
  • Richmond to spend at least $1,500,000 on exploration by January 2019
  • Richmond can earn 75% interest by defining a JORC 2012 Resource of at least 30,000t of contained copper / copper equivalent
  • Thundelarra to be completely free-carried to mining
  • Thundelarra is the only ASX-listed exposure to an any exploration success at Red Bore

East Kimberley Portfolio

Sophie Downs

  • Little Mount Isa, Ilmars prospects
  • Zinc intercepts at Little Mount Isa (13m @ 4.6% Zn)
  • Graphitic schists common
  • Halls Creek Fault Zone

Keller Creek

  • THX 20% fci
  • Abuts PAN’s Savannah nickel mine
  • Free-carried to decision to mine
  • Hosts Savannah North extensions
  • Market attributes little to no value

Contact Details

WEBSITE: www.thundelarra.com

EMAIL: info@thundelarra.com.au

PHONE: +61 8 9389 6927

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