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Thunderbird Resources Limited (ASX:THB)

ALERT: Price-sensitive ASX Announcement for THB
Current share price for THB : $0.019 -0.003 (-13.64%)+
Announcement
Release
31 Oct 2025 1:13PM
Price at Release
$0.022
Full Release
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Summary
During the September 2025 quarter, Thunderbird Resources Limited announced a binding agreement to acquire the Springfield Gold Deposit in NSW, enhancing its existing portfolio of gold-antimony projects. The company reported high-grade assay results from its Kookabookra Gold Project and was involved in a joint drilling program at the Surprise Creek Uranium-Copper Project in Canada. Financially, Thunderbird secured commitments for a $2.2 million placement and reported a net increase in cash equivalents, from $1.179 million to $1.584 million. The company is progressing with due diligence for the acquisition of LM2 projects and plans to commence systematic exploration at the Springfield site. Senior management changes were made to support these strategic developments, and a proposal to change the company's name to Xpedra Resources Limited was put forward.
Key Points
  • Binding agreement to acquire Springfield Gold Deposit.
  • High-grade assay results from Kookabookra Gold Project.
  • Drilling program at Surprise Creek Uranium-Copper Project.
  • $2.2 million placement secured.
  • Cash equivalents increased to $1.584 million.
  • Due diligence ongoing for LM2 projects acquisition.
  • Systematic exploration at Springfield site planned.
  • Senior management changes to support strategies.
  • Proposal to change company name to Xpedra Resources Limited.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.