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The latest announcement is out from Thunderbird Resources ( (AU:XPD) ).
Xpedra Resources reported progress at its Springfield Gold Deposit in New South Wales, where a maiden reverse circulation drilling campaign returned broad zones of shallow gold mineralisation, including several higher-grade intercepts. The program has completed 27 holes with assays pending for most of the drilling, which could further define the scale and grade of the deposit.
The company also moved to acquire a 100% interest in the historic high-grade Neeld Gold Project near West Wyalong, an area with substantial historic production but little modern exploration, positioning Xpedra for potential resource upside. Corporate developments included appointing experienced mining executive Scott Funston as managing director, securing commitments for a $3.2 million placement to fund exploration, and obtaining shareholder approval to sell its non-core Hidden Bay Uranium Project, underscoring a strategic focus on gold growth in NSW.
More about Thunderbird Resources
Xpedra Resources is an Australian mineral exploration company focused on gold projects in New South Wales, including its flagship Springfield Gold Deposit and the recently optioned Neeld Gold Project in the Lachlan Fold Belt. The company is reshaping its portfolio toward higher-grade precious metal assets while divesting non-core uranium interests in Canada.
Average Trading Volume: 1,941,026
Technical Sentiment Signal: Hold
Current Market Cap: A$12.67M
For an in-depth examination of XPD stock, go to TipRanks’ Overview page.