Acquisition at Risk if Exploration Fails to Confirm Large Gold System at Springfield

Exploration Upside Emerges at Springfield Gold Deposit

Thunderbird Resources Limited (ASX – THB) has revealed highly encouraging findings from its due diligence investigations into the Springfield Gold Deposit in New South Wales. Despite only limited historical drilling; just over 6,500 metres; the deposit has already demonstrated thick, shallow, and high-grade gold mineralisation. Recent site visits and core assessments suggest this mineralisation is part of a much larger, structurally controlled gold system, offering significant exploration upside.

The Springfield Deposit is situated within a 7-kilometre-long north-south structural corridor bounded by major faults, a geological setting that often hosts substantial mineral systems. Historical shallow air-core drilling has shown broad arsenic anomalism closely correlated with gold, extending over the entire strike length explored to date. This geochemical signature bodes well for discovering additional gold mineralisation, particularly at the southern end of the corridor where anomalies remain open.

Planned Systematic Exploration to Unlock Potential

Thunderbird is moving swiftly to capitalise on these findings, with a project-wide soil sampling program scheduled to commence in mid-November 2025. This modern geochemical approach, never before applied at Springfield, aims to delineate new targets efficiently and cost-effectively. Following receipt of assay results, a maiden drilling campaign is planned for January 2026 to test the highest-priority targets identified.

Access to the deposit is excellent, with the area comprising open grazing land, facilitating exploration activities. The company is also finalising land access agreements and tenement details ahead of its Annual General Meeting on 19 November 2025, where shareholders will vote on the acquisition of the Springfield Gold Deposit.

A Strategic Acquisition with Significant Implications

The acquisition of Springfield represents a strategic move for Thunderbird, potentially adding a large-scale gold asset to its portfolio. The combination of thick mineralised intervals, structural complexity, and broad geochemical anomalies suggests the deposit could host a substantial resource. However, as with all exploration projects, uncertainties remain, and the company cautions that forward-looking statements involve risks including commodity price fluctuations and exploration outcomes.

Investors will be watching closely as the soil sampling and drilling programs unfold, providing the next critical data points to assess the deposit’s true scale and economic potential.