What's Happening?
Thunderbird Resources has commenced its first systematic exploration program at the Rockvale Gold-Antimony Project in New South Wales. The initiative aims to identify new drill targets near Larvotto Resources'
Hillgrove Mine. The exploration involves collecting approximately 950 soil samples over a 10km by 5km area, with results expected by late December 2025 or early January 2026. The program focuses on the Achill Gold-Antimony Prospect, where previous rock samples showed significant antimony, silver, and gold content. Larvotto Resources is planning to restart production at the Hillgrove Mine in Q2 2026, following a rejected takeover offer from United States Antimony Corporation.
Why It's Important?
The exploration program by Thunderbird Resources is significant as it could lead to the discovery of valuable mineral deposits, enhancing the company's portfolio and potentially increasing its market value. The proximity to Larvotto Resources' Hillgrove Mine, which is set to resume production, adds strategic importance to the project. The rejected takeover offer for Larvotto Resources highlights the competitive interest in the region's mineral assets, indicating potential for future investment and development in the area.
What's Next?
Upon completion of the soil sampling, Thunderbird Resources plans to conduct a maiden drill program to test identified anomalies. The results could lead to further exploration and development activities, potentially attracting investment and partnerships. Larvotto Resources' plans to restart production at Hillgrove Mine may influence regional mining activities and market dynamics.
