Microsoft Word - 20160506_HayesCreekUpdate.docx
ASX/Media Announcement
06 May 2016
HAYES CREEK UPDATE
Thundelarra received a further request from the purchaser of the Hayes Creek Uranium Assets to extend the settlement date again beyond 29 April 2016. Such requests are permitted under the terms of the sale agreement.
The purchaser advised us that they are in the middle of advanced negotiations which, if successful, would deliver an outcome that would benefit all parties. After considering the circumstances surrounding the request, the current price of uranium, and the prevailing market sentiment for uranium production and exploration, Thundelarra has decided that a further extension is in the best interests of all Thundelarra shareholders. The revised settlement date will now be 28 October 2016.
Reports on the current market conditions for the uranium sector, including further restarts of some of the nuclear reactors in Japan, underpin Thundelarra's belief that the uranium market is continuing to show signs of recovery and that this further extension is in the best interests of all shareholders.
Thundelarra retains all its original rights under the sale agreement.
For Further Information Contact: THUNDELARRA LIMITED Mr Tony Lofthouse - Chief Executive Officer Issued Shares: 337.3M
+61 8 9389 6927 ASX Code: THX
Thundelarra Limited | ABN: 74 950 465 654 | Level 1, 186 Hampden Rd, Nedlands WA 6009 | PO Box 7363, Cloisters Square, WA, 6850
www.thundelarra.com.au | [email protected] | Tel: +61 8 9389 6927 | Fax: +61 8 9389 5593