(MENAFN - ProactiveInvestors - Australia) Thundelarra Exploration's (ASX: THX) share price has jumped 57% to today's intra-day high of A0.135, compared to Monday's closing price of 0.086.
The sudden spike prompted the ASX to issue a price and volume query, with 1.4 million shares traded yesterday and over 3 million shares changing hands by mid-afternoon today.
Thundelarra responded to the ASX saying it is not aware of any material information that has not been disclosed to the market, which may explain the sudden investor interest.
Earlier this month the company revealed its success at Curara Well in the "hot" Doolgunna region of Western Australia.
Rotary air blast drilling intersected significant copper, nickel and chromium anomalism.
Thick intervals of up to 40 metres of copper mineralisation were intersected at greater than 20 times background (>700ppm up to 1,060ppm).
Significant to note, the results are from shallow depths.
Thundelarra intends to resume drilling at Curara Well when conditions permit, and rigs are currently being mobilised.