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Thunderbird Resources Limited (ASX:THB)

ALERT: Price-sensitive ASX Announcement for THB
Current share price for THB : $0.019 -0.002 (-9.52%)+
Announcement
Release
29 Sep 2025 8:24AM
Price at Release
$0.021
Full Release
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Summary
Thunderbird Resources Limited has announced the commencement of a 2,000-meter diamond drilling program at the Surprise Creek Uranium-Copper Project in the Athabasca Basin, Canada. The project, operated in partnership with Mustang Energy Corp., aims to explore for high-grade uranium mineralization as previous drilling has shown promising results. Mustang Energy is working to earn an 80% interest in the project by fulfilling certain financial and operational commitments, while Thunderbird retains a 20% stake. This initiative reflects Thunderbird's strategic focus on leveraging the high-grade potential of the Athabasca Basin, known for its valuable uranium deposits.
Key Points
  • Drilling program of 2,000 meters commenced at Surprise Creek.
  • Surprise Creek located in the Athabasca Basin, Canada.
  • Mustang Energy Corp. is the joint venture partner.
  • Previous drilling intersected high-grade uranium mineralization.
  • Mustang can earn up to an 80% interest in the project.
  • Thunderbird retains a 20% interest.
  • Athabasca Basin is a premier uranium province.
  • Mustang's commitments include financial spending and issuing shares.
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.