-- Peel Mining (ASX:PEX) secured exploration license EL9887, covering the newly identified Thunderstruck prospect in New South Wales, according to a Tuesday filing with the Australian bourse.
The prospect was identified during a review of open-file geological data within the Cobar Basin, the filing said.
The company is now aiming to fast-track drilling to test the target, subject to regulatory approval, per the filing.
Shares rose 7% in morning trade on Tuesday.