Thundelarra is primarily an Australian gold exploration company. Gold, either in stand-alone geological settings or in association with copper, is our principal target. Copper remains an important focus too. Our portfolio also boasts prospects with discovery potential for base metal (nickel, zinc, silver, lead), uranium and graphite mineralisation. We are active in Western Australia (WA) and the Northern Territory (NT).
The Garden Gully Gold Project is attracting most investor attention. Located about 20 kms NW of Meekatharra in WA, it is in a geological setting that is host to numerous current and past gold mining operations. A total of 11 prospects were identified in 2016 from an initial 28-hole, 2,278m scout drilling programme, which delivered exciting intercepts including visible gold in 7m at 24.5 gpt Au at the Lydia prospect. In late 2016 a 29-hole, 6,432m follow-up programme hit zones including 80m at 1.9 gpt Au and 45m at 1.3 gpt Au at Lydia, confirming its potential to host a significant mineralised system. The programme also confirmed the potential of other exciting prospects at Garden Gully, including Transylvania, Battery, Crown and Granite Well. Phase 3 follow up will take place in the first half of calendar 2017. The acquisition of the Crown Prince licence in early 2017 adds material upside to the prospectivity of the project: Crown Prince hosted the main historical Garden Gully mining operations, and 1980’s exploration results report drill intercepts that include 10.6m at 13.7 gpt Au. Garden Gully is shaping up as a significant new Eastern Goldfields gold discovery.
The Red Bore copper-gold project, in the Doolgunna region of WA about 900km NNE of Perth, is also an exciting target. Thundelarra holds a 90% interest in this project, which is located only a few hundred metres from Sandfire Resources NL’s operating DeGrussa copper-gold mine (DeGrussa is a VHMS deposit with mined grades of 4.8% Cu and 1.6 gpt Au). Thundelarra has hit zones of high grade copper mineralisation at Red Bore and our exploration is focused on exploring for the source of that mineralisation, which could be extensions or repetitions of the DeGrussa mineralisation.
Curara Well (Thundelarra 90%) is several kilometres north of Red Bore and is also prospective for copper-gold mineralisation, potentially of the DeGrussa style.
Sophie Downs (Thundelarra 100%) and Keller Creek (Thundelarra 20% free carried interest) are in the Kimberley Region of WA. Sophie Downs contains base metal targets (copper, lead zinc, silver) and graphite; while the Keller Creek property hosts the extensions of Savannah North nickel sulphide mineralisation, ore source for Panoramic Resources Ltd’s Savannah nickel mine.
Allamber (Thundelarra 100%) is about 240 kms SE of Darwin, NT. The main targets are for copper at Ox-Eyed Herring and Tarpon prospects. The project also hosts extensive graphite mineralisation. Uranium mineralisation at Cliff South and Cleo offer upside when the market for uranium recovers.
The team at Thundelarra is experienced and focused on commercial success. We are dedicated explorers and more than two thirds of our expenditure every quarter goes into the ground. We operate efficiently and cost-effectively and aim to deliver a pattern of discoveries and value creation for all shareholders through rigorous exploration based on sound geological interpretation.