RNS
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8 May 2024
Thor Energy Plc
("Thor" or the
"Company")
RIU Sydney Conference
Presentation
The directors of Thor Energy Plc ("Thor") (AIM, ASX: THR, OTCQB:
THORF) are pleased to announce that the Company is currently at the
RIU Sydney Resources Round-up conference, which started on Tuesday,
7 May and is running until Thursday, 9 May at the Hyatt Regency,
Sydney.
RIU Sydney Resources Round-up is Sydney's
leading corporate mining investment forum, with brokers and
investors from Australia attending to hear directly from companies
about the progress that has been made and their strategy for the
upcoming year.
The Company has produced a presentation called
'Uranium Focus' and it is available on the Company's
website: https://thorenergyplc.com/investor-centre/
For further information, please
contact:
Thor Energy
PLC
|
|
Nicole Galloway Warland, Managing
Director
Ray Ridge, CFO / Company Secretary
|
Tel: +61 (8) 7324 1935
Tel: +61 (8) 7324 1935
|
WH Ireland
Limited (Nominated Adviser and Joint Broker)
|
Tel: +44 (0) 207 220 1666
|
Antonio Bossi / Darshan Patel
|
|
SI Capital
Limited (Joint Broker)
|
Tel: +44 (0) 1483 413 500
|
Nick Emerson
|
|
Yellow Jersey
(Financial PR)
|
thor@yellowjerseypr.com
|
Sarah Hollins / Shivantha Thambirajah / Bessie
Elliot
|
Tel: +44 (0) 20 3004 9512
|
Updates on the Company's activities are
regularly posted on Thor's website www.thorenergy.com,
which includes a facility to register to receive these updates by
email, and on the Company's twitter page @ThorEnergy.
About Thor
Energy Plc
The Company is focused on uranium
and energy metals that are crucial in the shift to a 'green' energy
economy. Thor has a number of highly prospective projects that give
shareholders exposure to uranium, nickel, copper, lithium and gold.
Our projects are located in Australia and the USA.
Thor holds 100% interest in three
uranium and vanadium projects (Wedding Bell, Radium Mountain and
Vanadium King) in the Uravan Belt Colorado and Utah, USA with
historical high-grade uranium and vanadium drilling and production
results.
Thor owns 100% of the Ragged Range
Project, comprising 92 km2 of exploration licences with
highly encouraging early-stage gold and nickel results in the
Pilbara region of Western Australia.
At Alford East in South Australia,
Thor is earning an 80% interest in oxide copper deposits considered
amenable to extraction via In Situ Recovery techniques (ISR). In
January 2021, Thor announced an Inferred Mineral Resource
Estimate¹. Thor also holds a 30% interest in Australian copper
development company EnviroCopper Limited, which in turn holds
rights to earn up to a 75% interest in the mineral rights and
claims over the resource on the portion of the historic Kapunda
copper mine and the Alford West copper project, both situated in
South Australia, and both considered amenable to recovery by way of
ISR.² ³
Thor holds 100% of the advanced
Molyhil tungsten project, including measured, indicated and
inferred resources⁴, in the Northern Territory of Australia, which
was awarded Major Project Status by the Northern Territory
government in July 2020. Thor executed a A$8m Farm-in and Funding
Agreement with Investigator Resources Limited (ASX: IVR) to
accelerate exploration at the Molyhil Project on 24 November
2022.6
Adjacent to Molyhil, at Bonya, Thor
holds a 40% interest in deposits of tungsten, copper, and vanadium,
including Inferred resource estimates for the Bonya copper deposit,
and the White Violet and Samarkand tungsten deposits.⁵ Thor's
interest in the Bonya tenement EL29701 is planned to be divested as
part of the Farm-in and Funding agreement with Investigator
Resources Limited.6
Notes
1 https://thorenergyplc.com/investor-updates/maiden-copper-gold-mineral-resource-estimate-alford-east-copper-gold-isr-project/
2
www.thorenergyplc.com/sites/thormining/media/pdf/asx-announcements/20172018/20180222-clarification-kapunda-copper-resource-estimate.pdf
³
www.thorenergyplc.com/sites/thormining/media/aim-report/20190815-initial-copper-resource-estimate---moonta-project---rns---london-stock-exchange.pdf
4 https://thorenergyplc.com/investor-updates/molyhil-project-mineral-resource-estimate-updated/
5
www.thorenergyplc.com/sites/thormining/media/pdf/asx-announcements/20200129-mineral-resource-estimates---bonya-tungsten--copper.pdf
6
https://thorenergyplc.com/wp-content/uploads/2022/11/20221124-8M-Farm-in-Funding-Agreement.pdf