Australia's Thunderbird Resources surges on plans to buy gold mine

Xpedra Resources

22/09/2025 02:19

** Shares of Thunderbird Resources THB.AX rise as much as 33.3% to A$0.02, their highest level since January 30

** Stock logs largest intraday pct gain since August 5

** Mineral explorer signs binding share sale agreement to buy Springfield gold deposit in New South Wales from a private entity

** Co to also raise A$2.2 million ($1.45 million) via a placement at issue price A$0.014 per share to fund the acquisition among others

** Around 8.7 million shares change hands, 4.7 times its 30-day average

** Stock up 11.8% YTD, including the day's moves

($1 = 1.5181 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))