Thunderbird Resources Limited has released encouraging results from its maiden exploration program at the Kookabookra Project in north-eastern New South Wales. The company’s recent work has returned impressive rock chip sample assays that indicate high-grade gold mineralisation at several new target areas. Notable results include assays of up to 11.65 grams per tonne gold from historical mine dumps at Bear Hill, 20.7 grams per tonne gold from the Germans Reef prospect, and a striking 32.1 grams per tonne gold recorded at the previously undocumented Columbo prospect. The program involved the collection of 39 selective rock chip and grab samples across various sites within the project area, with detailed technical work underway to evaluate the full potential of these high-grade results. An Induced Polarisation (IP) survey has been completed at the Mannix and Mt Secret prospects, with data interpretation expected by the end of July. Complementary to these efforts, an extensive analysis of LiDAR data has identified 428 historical mine workings, prompting a follow-up sampling program involving 79 additional samples, with assay results anticipated in the coming weeks. Looking ahead, the company is preparing to launch its maiden drill program in the third to fourth quarter of 2025 once the final IP survey interpretations, additional geochemical soil sampling, and detailed geological mapping solidify the target areas. This systematic approach has reinforced the company’s conviction in the project’s potential and in its strategy of focusing on the promising New South Wales portfolio. Furthermore, Thunderbird Resources Limited’s joint venture partner, Mustang Energy Corporation, has initiated exploration at the Surprise Creek Uranium-Copper Project in Canada, adding further interest to the company’s diversified exploration activities. From a bullish perspective, the outstanding assay results and the identification of multiple high-value prospects underline significant upside potential. The robust technical indicators, strategic field follow-up, and clear path toward drilling suggest that the company could be on the verge of a major discovery that would validate its acquisition of the NSW portfolio. Management’s confident tone, combined with an accelerating exploration program, may appeal to those looking for emerging opportunities in the mining sector. Conversely, a bearish view highlights that the current data is largely based on selective, early-stage sampling. The rock chip and grab sample techniques, while indicative of potential mineralisation, do not yet confirm the continuity or true width of the mineralised zones. Furthermore, the final interpretation of ongoing surveys remains pending, and the success of the forthcoming drill program will be crucial to fully underpin the initial promising results. Investors should monitor these risks as the company advances toward a more comprehensive exploration phase.