Company Overview

With a strategic focus on critical minerals exploration in Australia and Canada, Thunderbird is undertaking high-impact exploration across its portfolio of antimony-gold, uranium and copper assets in the New England Orogen of New South Wales, Australia, and the Athabasca Basin region of Canada.

In November 2024, Thunderbird entered into an agreement to acquire a highly prospective antimony and gold exploration land package in the New England Orogen of New South Wales. The high-potential exploration portfolio is located immediately adjacent to Australia’s largest antimony deposit, the Hillgrove Gold & Antimony Project owned by Larvotto Resources (ASX: LRV). Hillgrove is a Top 10 global antimony deposit with first production targeted for 2026.

Antimony is a critical metal used for producing high-tech and defence products, including flame retardant materials, semiconductors and superhard materials. Antimony prices have been rising strongly since China, which dominates global supply, imposed export restrictions on antimony in early 2024.

In addition, the Company holds a suite of drill-ready uranium assets in Canada’s Athabasca Basin, where it has identified significant drill targets across four projects – Hidden Bay, Cluff Lake, Surprise Creek and Hook Lake.

The Athabasca Basin hosts several world-class deposits – which have accounted for 20% of global primary uranium production over the past 60 years – however the remainder of the Basin has remained largely under-explored for the past 40 years, with limited modern exploration and outstanding opportunity for new discoveries. The average grade across the Basin is ~2% U₃O₈, which is 10–20 times the global average.

Thunderbird’s maiden drilling program at Hidden Bay provided strong vectors for follow-up exploration, with a MobileMT survey also defining multiple drill targets at Cluff Lake.

Thunderbird also has strong copper exposure, with significant surface copper mineralisation defined at the Surprise Creek Project in Canada, as well as a 4.9% equity stake in Peruvian copper explorer Firetail Resources (ASX: FTL).