Continued -Between the lines-What does Thunderbird get out of it ? -not much unless compliant resources are defined, hence why its been mentioned in almost all Asx Ann -They Thunderbird must be confident .
Milestone targets must be achieved-& they are conformation of JORC (2012) compliant resource
Extract-
3) Milestone 3 - Upon achieving a Combined JORC (2012) compliant resource at the North Arunta Project of 200,000 ounces of gold, Thunderbird will be issued 50 million Gladiator Shares;
4) Milestone 4 - Upon the Joint Venture achieving a Combined JORC (2012) compliant resource on the North Arunta Project of 500,000 ounces of gold, Thunderbird will be issued 50 million Gladiator Shares and 50 million Gladiator Options (at an exercise price representing a 15% discount to the 30 Day volume weighted average price ("VWAP") immediately prior to the date of issue and 2 years expiry period);
glth-saltGLA: Acquires rights to prospective North Arunta project ...
