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Thundelarra Ltd.

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Summary

Project:

Allamber

Deposit:Ox-Eyed Herring, North Tarpon, North Brumby
Location:Australia
Commodities:Copper-Lead-Zinc
Date:12/16/2016
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:16-12-2016: Thundelarra Ltd. announces an Exploration/Drilling Update report for its Ox-Eyed Herring, North Tarpon, North Brumby deposit at the Allamber project. Drilling results incl. 9.25m @ 1.21% Cu from 154.75m. The recent five hole, 863m follow-up dr
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Costica Vieru (Internal)
ABSTRACT:The recent five hole, 863m follow-up drilling programme at Allamber encountered further base metal (copper) mineralisation at two of the three prospects tested and confirmed the potential for graphite of significant grade to occur over substantial distances along the carbonaceous Masson formation contact with the adjacent granite. The Ox-Eyed Herring / Tarpon area appear to represent the surface mineralisation from a deeper-seated intrusive source. Planned DHTEM (downhole EM) surveys will guide follow-up exploration for the next field season. Allamber remains highly prospective for copper and graphite and also retains its uranium prospectivity at Cliff South. Allamber, located approximately 180km south-east of Darwin (Figure 1), contains six granted exploration licences, all owned 100% by Thundelarra or its 100%-owned subsidiary Element 92 PL. A short diamond drilling (“DD”) programme comprising five holes (three with reverse circulation (“RC”) pre-collars), was carried out to follow up the potential for copper and graphite at the Ox-Eyed Herring, North Tarpon and North Brumby prospect areas at Allamber (see figures 1,2 and 3).

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