The company said that a regional airborne electromagnetic Tempest (EM) survey covering 2267 line kilometres revealed these paleochannel systems are highly prospective for uranium mineralization.

The survey provided complete coverage of Thundelarra’s 3,300sq km of tenure within the basin.

The Northern Territory government contributed $100,000 towards the cost of the survey through the
Bringing Forward Discovery initiative.

Conductivity plots clearly define the Lower Tertiary paleochannel system that hosts the Afghan Swan
prospect, where Thundelarra’s drilling in 2010 identified uranium mineralization.

The paleochannel hosting Afghan Swan can now be traced for over 50km.

Furthermore, the style of mineralization observed is considered potentially amenable to insitu recovery (ISR), an extraction method which typically delivers significant economic and environmental benefits.