Adventurer Fred Ward is sentenced to hard labour for horse theft, escapes, and becomes a bush ranger under the name of Captain Thunderbolt. Stealing mainly from squatters, he quickly becomes notorious. Trooper Mannix is assigned to capture him dead or alive, eventually trapping him. After a long gunfight, Mannix finds he has killed Thunderbolt's friend Alan Blake, and that Thunderbolt has escaped. Mannix passes off Blake's body as Thunderbolt's but the legend persists that Thunderbolt still roams free.
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