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Highlights
- - Thunderbird Resources (TBH) secures promising antimony tenements near Hillgrove.
- - Exploration set to commence at Rockvale and Kookabookra projects.
- - Growing market interest in antimony driven by global supply dynamics.
Thunderbird Resources (ASX:TBH) has recently acquired key tenements adjoining the Hillgrove mine, owned by Larvotto Resources (ASX:LRV). The Hillgrove project is notable for hosting Australia’s largest antimony deposit and has gained significant attention amid a surge in antimony demand. Thunderbird’s new ground is positioned within the same geological structures, providing an exceptional opportunity to capitalize on the rising interest in this strategic mineral.
The acquired tenements, including the Rockvale and Kookabookra projects, boast historical occurrences of antimony and gold. These assets have remained untapped for years but are now set to undergo modern exploration, beginning with fieldwork in January. Thunderbird aims to follow up with geochemical and geophysical surveys, leveraging advanced technology like drones to prioritize drilling targets.
Rockvale, in particular, stands out due to its proximity to the Hillgrove corridor, a key structure that has propelled Larvotto Resources’ (LRV) success. This corridor features monzogranite-associated antimony-gold geology, with high-grade reserves at Hillgrove supporting Larvotto’s rapid ascent to a $180 million market cap. Larvotto’s achievements underscore the potential of the region, highlighting the strategic significance of Thunderbird’s newly acquired assets.
Thunderbird’s current valuation offers an attractive entry point, with an enterprise value around $6 million and a diluted market capitalization of approximately $8.5 million based on its latest share metrics. The company’s focus on antimony comes as the global supply landscape shifts, with China reducing exports of this critical mineral. These developments have driven up antimony prices, benefiting companies like Southern Cross (ASX:SXG) and Larvotto Resources (LRV).
Further strengthening the narrative, Thunderbird’s proximity to Clark’s Gully, a nearby high-grade gold resource, enhances the prospectivity of its projects. Recent assays from Clark’s Gully reported promising results, further boosting interest in the region.
Thunderbird’s renewed focus on antimony represents a strategic pivot from its previous emphasis on uranium and copper projects. As exploration unfolds, the company is poised to unlock the potential of its tenements, supported by a robust review of historical data and innovative exploration techniques.
With strong market interest in antimony and the strategic location of its assets, Thunderbird Resources (TBH) is positioned to become a key player in this rising commodity theme. The coming months are set to reveal the true potential of its projects, making it an exciting time for the company.
