Chief at some given time we need to have some results, all these...

Chief at some given time we need to have some results, all these projects are like watching moss growing, promises, promises...

1/. ..... A second phase of mud rotary drilling (5,000 metres) has just commenced on the Ngalia Project designed primarily to test a number of other paleovalleys within Thundelarra�s extensive Ngalia Basin Project. (SAME NEWS. IN MY OPINION THX WILL HAVE TO CONSIDER A JV WITH A MAJOR WHO KNOW WHAT IT ALL MEANS, IF THEY JV YOU CAN WIPE OFF ANY MAJOR RESULTS AS FAR AS SP FOR ABOUT 2 YEARS)

2/. .... In June drilling commenced at the Thunderball uranium prospect ........ This current RC and diamond drilling represents the start of a program aimed at expanding high grade uranium resources at Thunderball ........ A combination of RC and diamond drilling will be used to test the deformation zone as it plunges to the north. ...... Drilling is continuing with the first assays results due in August. ( ...SAME NEWS, EXCUSE FOR LATE PLANNING .. BAD WEATHER, THIS PROJECT MAY SAVE US)

3/. .... At the Allamber Project .... drill pads are currently being cleared in preparation for the initial RC drilling program scheduled to commence early August. (SAME NEWS, THE POSITIVE IS THX ACQUIRING 100%, THAT MAY INDICATE THEY HAVE SOME HOPE OF EXTENSIONS TO THE COPPER. BUT AS FAR AS SP SOME TWO MONTHS AWAY THE WAY THEY STUFF AROUND)

4/. ..... Copperfield Project
Drilling is also scheduled to commence at the Copperfield project located near the township of Pine Creek. ..... copper-gold targets. ( DON,T KNOW THIS ONE)

5/. ..... deep diamond drilling at Red Bore. (SAME NEWS, BEEN UNGOING FOR MONTHS, BUT ONCE AGAIN WEATHER HAS HELD UP. I HAVE FORMED THE OPINION THEY NEED NEW BLOOD TO HANDLE THIS COMPLEX AREA.)

6/ ..... Curara Wells ......Drilling is scheduled to commence at the end of July. (SAME NEWS, THEY SHOULD HAVE CLEARED NATIVE TITLE 12 MONTHS AGO, HAS HUGE POTENTIAL, BUT WILL BE AT LEAST TWO MONTHS BEFORE ANY PROGRESS.WE WILL BE PROBABLY STILL WAITING FOR POSITIVE RESULTS THE SAME AS RED BORE IN 12 MONTHS)

7/. .... (THX j/v 39%) At Jenner, which is located just to the north of the Copernicus orebody, a strong EM conductor associated with a pyroxenite ultramafic body similar to Copernicus is currently being drill tested. (JV, WHEN EVER THX DO JV THEY GET SCREWED ESPECIALLY IF JV WITH PAN)

8/. .... Savannah West (THX 20% free carried) .... During the quarter a 330m deep RC pre-collar (SMP178) was completed. The planned diamond core tail is designed to test the residual gravity anomaly. (PAN ARE BAD JC PARTNERS WIPE THIS PROJECT OFF FOR A FEW YEARS PAN IF THE SCREW THX THE SAME AS COPERNICUS IT COULD BE FOR EVER.)

Summary , THX in my opinion have some excellent projects, but they lack forward planning as far as organising native title and pre booking drill rigs, they wait for preliminary results before having to re organise the next stage of drilling or down hole EM. They need some senior Geo?s on site who can take a punt and direct some holes that are not scheduled.