can anyone read it, page-2

NICKEL AND PLATINUM EXPLORATION UPDATE
The Directors of Thundelarra Exploration Ltd (“Thundelarra”) are
pleased to announce further encouraging results from the resource
definition drilling program currently underway at Copernicus
located in the East Kimberley of Western Australia. The latest
assays have returned significant intercepts from the holes drilled into
the main mineralised pyroxenite including:

14 metres @ 1.81% nickel and 0.97% copper from 218
metres, and

18 metres @ 1.05% nickel and 1.28% copper from 274
metres.
The results for the latest assayed holes are presented in the following
table and hole locations on the attached Copernicus project plan.
Hole No North East Dip From-To Int. Ni
%
Cu
%
Co
%
CORC070 103005 55300 90 NSR
CORC071 103053 55298 90 218-232 14 1.81 0.97 0.06
CORC072 103090 55300 90 234-245 11 0.76 0.77 0.03
CORC073 103045 55273 90 NSR
CORC074 103105 55248 90 274-292 18 1.05 1.28 0.04
Drilling is continuing at Copernicus with two rigs now on site
including a large machine capable of drilling to a vertical depth of
500 metres.
At the new Edison platinum discovery additional soil, rock and
trench sampling is underway in preparation for a second drilling
program scheduled to commence in September. This program will
test approximately 2 kilometres of the interpreted Edison ultramafic
stratigraphy. Drilling to date has only assessed 200 metres strike of
the prospective unit and to a shallow depth.
Preliminary interpretation of results from the Edison prospect
indicates that the platinum+palladium+gold (3E) mineralisation
occurs within a poorly exposed easterly dipping weathered ultramafic
unit that is thickening to the south (see attached Location map and
Drill Sections). Detailed petrological, geochemical and metallurgical
studies are currently underway to determine the characteristics of the
platinum minerals.
ASX
ANNOUNCEMENT
4 September 2006
Thundelarra Exploration
Ltd
ABN 74 950 465 654
ACN 085 782 994
For further information
regarding Thundelarra
Exploration Ltd contact:
Philip Crabb
Chairman
or
Brian Richardson
Director of Exploration
Phone: + 61 8 9321 9680
Fax: + 61 8 9321 9670
Website:
www.thundelarra.com
Email:
[email protected]
Registered Office:
Suite 2, Level 3, IBM Building
1060 Hay Street, West Perth
Western Australia 6005
PO Box 7363, Cloisters
Square
Perth Western Australia 6850
Page 2
In diamond drill hole LDH21 drilled in 1988 and located approximately 2 kilometres south west of the
Edison discovery, petrological studies of core have shown that platinum mineralisation (13 metres @
0.83 g/t 3E) occurs in a massive fresh serpentinised peridotite and associated with finely disseminated
sulphides (pyrite, chalcopyrite, pyrrhotite, pentlandite) and cumulus chromite grains. The Edison
mineralisation may have a similar association with disseminated sulphides
Further work is now required to determine the significance of the Edison discovery and of a number
of other nearby geochemical anomalies generated by Thundelarra’s recent extensive soil geochemical
program. It is important to note that in addition to the significant 3E mineralisation discovered at
Edison, the recent drilling completed by Thundelarra on the Lamboo project returned other
encouraging results including 62 metres at 0.78g/t 3E from 51 metre depth in hole THXRC011 located
1 kilometre north-west of Edison.
The details contained in this report that pertains to ore and mineralisation is based upon information compiled by Mr Brian Richardson, a full-time
employee of the Company. Mr Richardson is a Member of the Australasian Institute of Mining and Metallurgy (AUSIMM) and has sufficient experience
which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a
Competent Person as defined in the December 2004 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore
Reserves” (JORC Code). Mr Richardson consents to the inclusion in this report of the matters based upon his information in the form and context in
which it appears.
Kalgoorlie
PERTH


Copernicus Project
MLA80/540
2006 Exploration
Author: B.Richardson
Report No.:
24m @ 2.46% Ni,1.16% Cu
(including 18m @ 3.03% Ni)
CORC064
14m @ 1.54% Ni, 0.92% Cu CORC066
11m @ 1.36% Ni, 0.85% Cu
(including 4m @ 2.95% Ni, 1.09% Cu)
CORC062
3m @ 1.69% Ni 2.31% Cu
CORC065
3m @ 1.29% Ni 0.75% Cu
CORC070
CORC073
2006 Drilling
Pre 2006 Drilling
MLA80/540
CORC063
CORC067
CORC068
CORCD060
10m @ 1.02% Ni, 0.83% Cu
(2005 Drilling)
Open Pit Resource
COPERNICUS JV
THUNDELARRA - BREAKAWAY JV
CORC071
14m @ 1.81% Ni 0.97% Cu
CORC072
11m @ 0.76% Ni 0.77% Cu
CORC074
18m @ 1.05% Ni 1.28% Cu
7957700 mN 7957700 mN
7957900 mN 7957900 mN
7958100 mN 7958100 mN
323700 mE 323700 mE
323500 mE 323500 mE
Kalgoorlie
PERTH


Lamboo Project - Edison Prospect
Significant Drill Results
(On Magnetic Image)
Author: B.Richardson
Report No.:
Projection: AMG Zone 52 AGD84
Revised:
Dwg No.: EKB1012
Drawn: R.Ferguson
Scale: 1: 2,500
Date: 16 August 2006
East Kimberley
Project
Location
Map
0 0.05 0.1
Kilometers
Scale: 1:2,500
THXRC030
THXRC023
46m @ 1.87g/t Pt + Pd + Au
from surface
THXRC024
23-42m - 19m @ 1.18g/t Pt + Pd + Au
44-54m - 10m @ 1.13g/t Pt + Pd + Au
THXRC025
33m @ 2.77g/t Pt + Pd + Au
from surface
THXRC026
37m @ 2.07g/t Pt + Pd + Au
THXRC028
1m @ 1.16g/t Pt + Pd + Au
THXRC031
4m @ 1.23g/t Pt + Pd + Au
THXRC027
5-20m - 15m @ 2.04g/t Pt + Pd + Au
22-36m - 14m @ 1.46g/t Pt + Pd + Au
THXRC029
7-14m - 7m @ 1.48g/t Pt + Pd + Au
17-20m - 3m @ 1.52g/t Pt + Pd + Au
2006 Drilling with significant intercepts
Drill Traces
LAMBOO PROJECT - EDISON PROSPECT
Section 11,200mN
0
Cover
90m EOH
100m EOH
Arsenic Anomalous Contact
Chlorite Schist
Mineralised Ultramafic
Chlorite Schist
-500mRL
-450mRL
-425mRL
-400mRL
25
METRES
19m @ 1.18g/t Pt + Pd + Au
10m @ 1.13g/t Pt + Pd + Au
THXRC023 THXRC024
46m @ 1.87g/t Pt + Pd + Au
Surface
Section 11,150mN
9,000E 9,050E 9,100E
Cover
Cover Cover
Mixed Amphibolite
Chlorite Schist
Chlorite Schist
Mineralised Ultramafic
100m EOH 100m EOH
-500mRL
-450mRL
-425mRL
-400mRL
THXRC025 THXRC026
Arsenic Anomalous Contact
37m @ 2.07g/t Pt + Pd + Au
33m @ 2.77g/t Pt + Pd + Au
0 25
METRES
Surface
9,000E 9,050E 9,100E