Allamber

Copper (± other base and precious metals); Uranium; Graphite
THX 100% (August 2014)

The Allamber Project comprises nine Exploration Licences. Located approximately 180 kilometres south-east of Darwin in the Pine Creek region of the Northern Territory, the project covers an area of about 480 square kilometres and hosts a number of discrete geological settings with targets for several different styles of potential mineralisation.

From early 2012 through to mid 2014, Thundelarra undertook a proactive program to simplify and consolidate the numerous and complicated option and joint venture agreements that used to govern the various holdings and interests. This program is now complete and the Allamber tenements are now all held 100% by Thundelarra or by its wholly-owned subsidiary Element 92 Pty Limited.

Over the past few years exploration has consisted of soil sampling, geological mapping, geophysical surveys and several drill programs to test a number of targets across the project area.

Uranium mineralisation is present in the south-east of the project area at the Cliff South and Cleo prospects. Past exploration at Cleo had led to the delineation of a small JORC inferred resource (under the 2004 JORC Code) of 1.4 million tonnes at 304 ppm (0.7 lb/t) U3O8 for just under 1 million pounds (~425 tonnes) of contained U3O8. Given the persistently depressed state of the market for uranium since 2011, Thundelarra has not pursued aggressive exploration programs for uranium at Cliff South and Cleo but will retain these prospects, both as part of the overall footprint of copper prospectivity within the total Allamber project, and also in the expectation that the uranium market is nearing a recovery.

The geological variety that exists at Allamber creates a number of further possible exploration targets that will require evaluation. Swamp Donkey is one such prospect that is yet to be evaluated due to physical access challenges.

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