Ongoing work by Thundelarra continues to confirm the prospectivity of its key projects, with recent drilling returning positive results at several projects. In addition to copper intersections in drilling at Red Bore and Allamber, the Company has intersected what could be significant graphite at its Sophie Downs Project near Hall’s Creek - this is currently being assayed The Company has made a strategic move in its planned acquisition of Red Dragon Mines NL, which holds a number of prospective gold properties in Western Australia. The projects have a number of walk up drill targets that will be tested, conditional upon shareholder approval of the acquisition. Another potentially significant development is the possibility of Panoramic’s Savannah North nickel mineralisation extending into the Keller Creek JV tenement, in which Thundelarra has a 20% free carried interest. Given the above, we continue to rate Thundelarra as a SPECULATIVE BUY. Download the report for more information.