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THUNDELARRA EXPLORATION LIMITED - ASX: THX
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Description
Thundelarra Exploration Ltd is an established Australian resources company primarily focused on uranium exploration and development in the Northern Territory.
The Company holds dominant tenement positions in the Pine Creek and the Ngalia Basin uranium provinces with a total area in excess of 6,000 sq kms. Thundelarra has achieved significant exploration success on its Northern Territory properties, particularly in the Pine Creek region where several new uranium occurrences have been identified, including the Thunderball prospect where drilling has delivered a number of very high grade uranium intercepts.
The Company has a number of assets in addition to its Northern Territory interests, including; Three highly prospective uranium projects in Western Australia and one in Queensland. Advanced base metals prospects in the East Kimberley where the Company’s joint venture partner, Panoramic Resources Limited, is spending three million dollars to earn a 61% interest. A 40% interest in the fully developed Copernicus Nickel Mine. A number of wholly owned base metals prospects in Western Australia.
Thundelarra’s board and management have extensive experience in exploration, project development, mining operations and public company administration. The Company has substantial cash reserves and is maintaining a high level of activity at its core projects.
COPERNICUS NICKEL MINE
The Copernicus Nickel Mine is located in the East Kimberley region of Western Australia approximately 35 kilometres south of the Savannah Nickel Mine. The project is a joint venture between Thundelarra (40%) and Panoramic Resources Ltd (60%). Copernicus hosts a resource of 852,000 tonnes grading 1.24% nickel, 97% of which is classified as Measured or Indicated and is situated within 300 metres of the surface.
Exploration
Uranium focused Exploration Company with a uranium tenement portfolio encompassing a total area in excess of 6,000 sq kms dominated in the Pine Creek and the Ngalia Basin uranium provinces. Both uranium provinces are located in the Northern Territory and significant exploration success has been achieved in the Pine Creek region where several new uranium occurrences were identified in 2009. In-particular, the Thunderball prospect where drilling has delivered a number of very high grade uranium intercepts including 11m @ 3.4% U3O8.
In addition to our Northern Territory interests, Thundelarra has a number of non-core assets. Including; Three highly prospective uranium projects in Western Australia and one in Queensland. Advanced base metals prospects in the East Kimberley where the Company’s joint venture partner, Panoramic Resources Limited, is spending three million dollars to earn a 61% interest. A 40% interest in the fully developed Copernicus Nickel Mine also in Joint Venture with Panoramic Resources. And an application to an Exploration Licence at the Doolgunna Project, where the neighbouring tenement holders Sandfire Resources NL, have successfully identified an exciting new Copper-Gold discovery.
The exploration focus in 2010 will continue to be heavily dominated at both the Pine Creek and Ngalia Basin uranium provinces. A healthy cash position in excess of $25 million will allow Thundelarra to embark on one of our most active years in 2010.
Mine For
uranium, gold, copper, silver, zinc, nickel, cobalt, iron hore, titanium,vanadium, lead, platinum, platinum group elements
Location of operation(s)
Western Australia, Northern Territory, Queensland
Australian Basins
Ngalia
Address
Level 3 IBM Building , 1060 Hay St
WEST PERTH, WA, AUSTRALIA
Phone
(61 8) 9321 9680
Website
Last Updated
4/5/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
