Thor Energy PLC · LSE:THR
Thor Energy — Investor Meet Company (May 2022)
31 slides from Thor Energy's conference presentation, May 17, 2022
Slide 1: Investor Meet Company
Investor Meet Company 17 May 2022 Nicole Galloway Warland, Managing Director AIM/ASX: THR OTCQB: THORF
Slide 2: Disclaimer, legal notice and competent person statement
OVERVIEW PROJECTS NEXT STEPS Disclaimer, legal notice and competent person statement This document and all other information (whether in writing or otherwise) which may be made available is: 1. Supplied solely for the intended recipient and may not be copied, reproduced, further distributed to any o
Slide 3: Exploring for high-value commodities in global demand
OVERVIEW PROJECTS NEXT STEPS Exploring for high-value commodities in global demand Diverse portfolio Lithium/Gold – Australia ▪ Ragged Range Project, Pilbara WA ▪ Highly prospective lithium targets ▪ Surface geochemistry defined robust gold anomalies along structurally controlled 13km gold corridor
Slide 4: Investment case
OVERVIEW PROJECTS NEXT STEPS Investment case Poised for significant growth Focused on mineral discoveries for our future – battery and critical minerals Project portfolio in proven mining jurisdictions; Australia and the USA Under-explored tenure highly prospective for lithium, nickel, uranium, gold
Slide 5: Corporate snapshot
OVERVIEW PROJECTS NEXT STEPS Corporate snapshot AIM/ASX code THR OTCQB code THORF Market cap A$32M / £14M Cash (March 2022) A$2.78M / £1.57M Debt NIL Top 20 shareholders 56.7% Directors interest 0.29% Strong corporate position with focus on advancing projects towards discovery and development succes
Slide 6: Board and management
OVERVIEW PROJECTS NEXT STEPS Board and management Mark Potter Nicole Galloway Warland Mark McGeough Alastair Clayton Ray Ridge Chairman Non-Executive Managing Director Non-Executive Director Non-Executive Director CFO, Joint Company Secretary Over 15 years’ experience in More than 30 years in mining
Slide 7: Current activities – exploration drilling
OVERVIEW PROJECTS NEXT STEPS Current activities – exploration drilling Gold/Lithium/Nickel – Western Australia Ragged Range, Pilbara ▪ Fixed Loop Electromagnetic Survey - Krona Prospect ▪ RC drilling - Sterling Gold Prospect ▪ Regional exploration - lithium, nickel and copper Uranium and Vanadium -
Slide 8: Ragged Range
OVERVIEW PROJECTS NEXT STEPS Ragged Range
Slide 9: Ragged Range – Pilbara, WA
OVERVIEW PROJECTS NEXT STEPS Ragged Range – Pilbara, WA Location Located in area of proven gold and lithium production with significant resource potential Geology East Pilbara Granite-Greenstone Terrane, Archean Pilbara Craton Gold: ▪ Proximity to large scale gold deposits in similar geological sett
Slide 10: Prospective for gold, lithium, nickel and copper
OVERVIEW PROJECTS NEXT STEPS Prospective for gold, lithium, nickel and copper Gold - 13km of strike potential - Sterling Prospect ▪ High tenor stream sediment samples draining SW-NE from interpreted ultramafic/mafic thrust faulted contact ▪ Anomalous gold reported in pan (74.1g/t Au 21RRST016), in B
Slide 11: Lithium prospectivity – associated with Split Rock Supersuite
OVERVIEW PROJECTS NEXT STEPS Lithium prospectivity – associated with Split Rock Supersuite Prospectivity for lithium–caesium-tantalum enriched (LCT) pegmatites Associated with Split Rock Supersuite (~2.85- 2.83 Ga) Host to world class spodumene deposits at Wodgina - largest hard rock lithium deposit
Slide 12: Lithium targets
OVERVIEW PROJECTS NEXT STEPS Lithium targets Significant coverage of prospective ground adjacent to Split Rock Supersuite (2.85Ma- 2.83) within tenure Priority targets identified: 1) 5-10km halo around the Mondana Monzogranite, Spilt Rock Supersuite 2) This NE corner of E46/1262 is potentially a roo
Slide 13: Krona prospect - nickel gossan
OVERVIEW PROJECTS NEXT STEPS Krona prospect - nickel gossan High Tenor Nickel/Chrome Chip Samples ▪ Gossan extends approximately 1km x 100m within mapped komatiites, located at basal contact with felsic volcanics ▪ Originally identified by GSWA with 0.11% Ni ▪ Peak value of 0.27% Ni with 0.19% Cr. (
Slide 14: Sterling gold prospect
OVERVIEW PROJECTS NEXT STEPS Sterling gold prospect ▪ Maiden drilling - first phase highlighting sericite-pyrite-fuchsite alteration system indicating proximity to gold source (AIM/ASX: THR 25 January 2022) ▪ Testing robust geochemical anomalies (soils and streams), associated with regional mafic/ul
Slide 15: Uranium-Vanadium
OVERVIEW PROJECTS NEXT STEPS Uranium-Vanadium 07
Slide 16: Geopolitical tension, 'green' energy led to strong domestic demand
OVERVIEW PROJECTS NEXT STEPS Geopolitical tension, ‘green’ energy led to strong domestic demand Location ▪ Located SE Utah and SW Colorado USA - Uravan Mineral Belt ▪ 3 Projects – 100% owned by Thor ▪ Wedding Bell, Colorado ▪ Radium Mountain, Colorado ▪ Vanadium King, Utah History ▪ Colorado claims
Slide 17: 'Saltwash' style uranium and vanadium
OVERVIEW PROJECTS NEXT STEPS ‘Saltwash’ style uranium and vanadium Geology ▪ “Saltwash Style” - Sandstone filled paleochannels hosting uranium and vanadium ▪ Deposits hosted mainly in the Salt Wash member of the Morrison Formation (Jurassic) ▪ Analogy to Bigryli Deposit, NT Field sampling ▪ Returned
Slide 18: Stacked tabular orebodies
OVERVIEW PROJECTS NEXT STEPS Stacked tabular orebodies ▪ Mineralisation can be traced along strike and laterally over meters to kilometres ▪ Uranium and vanadium form together with vanadium forming larger halo – 5:1 ratio ▪ Uranium occurs primarily as uraninite and coffinite while vanadium is mostly
Slide 19: Shallow high-grade drill targets
OVERVIEW PROJECTS NEXT STEPS Shallow high-grade drill targets Drilling program – preparations underway ▪ Drilling to target high grade uranium and vanadium mineralisation along strike at 3 areas: ▪ Rim Rock ▪ Groundhog ▪ Section 23 ▪ Section 23 has previously not been drill tested as ground held by
Slide 20: Copper Projects
OVERVIEW PROJECTS NEXT STEPS Copper Projects 07
Slide 21: Copper - SA
OVERVIEW PROJECTS NEXT STEPS Copper - SA Projects ▪ Alford East – JV Farm-in earning 80% direct interest EnviroCopper Limited (ECL) – Thor holds 30% equity interest: ▪ Kapunda ▪ Alford West Geology ▪ Substantial near surface oxidised copper mineralisation, transitioning at depth to readily leachable
Slide 22: In-Situ Recovery copper-gold
OVERVIEW PROJECTS NEXT STEPS In-Situ Recovery copper-gold ESG – Favourable alternative to traditional mining Low-cost / low environmental impact metal production A chemical process rather than a high-cost mining operation (no large pit / no crushing or grinding / no waste dumps etc) ECL - Substantia
Slide 23: Alford East copper-gold
OVERVIEW PROJECTS NEXT STEPS Alford East copper-gold Geology ▪ Substantial near surface oxidised copper mineralisation ▪ Historic drilling – targeting primary IOCG mineralisation Inferred mineral resource estimation ▪ 177,000t of contained copper and 71,500oz of contained gold (ASX/AIM : 22 January
Slide 24: Broad high-grade results
OVERVIEW PROJECTS NEXT STEPS Broad high-grade results Diamond drilling Phase 1 completed (ASX: THR 31 August 2021) ▪ 21AED005: 72.7m @ 1.0 % Cu and 0.19g/t Au from 6.3m, including: 18.2m @ 2.0% Cu and 0.34g/t Au ▪ 21AED001: 32.9m @ 0.4% Cu and 0.31g/t Au from 81.5m ▪ 21AED004: 55.9m @ 0.53% Cu from
Slide 25: Clear pathway to copper development and production
OVERVIEW PROJECTS NEXT STEPS Clear pathway to copper development and production 2022 2023 2024 Continuous Stakeholder and Community Engagement Kapunda Site Environmental Lixiviant Test Feasibility Study and Development ISR Copper Production Alford East In ground Hydrometallurgical Testing Site Envir
Slide 26: Molyhil
OVERVIEW PROJECTS NEXT STEPS Molyhil
Slide 27: Molyhil - NT – tungsten, molybdenum, copper
OVERVIEW PROJECTS NEXT STEPS Molyhil - NT – tungsten, molybdenum, copper Location ▪ Northern Territory, Australia – 320km east of Alice Springs Geology ▪ Two adjacent magnetite skarn bodies with economic mineralization of scheelite, molybdenite and chalcopyrite History ▪ High grade resource suitable
Slide 28: Exploration
OVERVIEW PROJECTS NEXT STEPS Exploration ▪ Over 45m of tungsten-molybdenum-copper mineralisation hosted within massive magnetite skarn – 21MHDD002 (ASX 23 November 2021) ▪ Offset extension to the south of Molyhil deposit ▪ NTGS – Co-funded drilling - $110,000 grant ▪ Regional magnetic targets Plan v
Slide 29: Next Steps
OVERVIEW PROJECTS NEXT STEPS Next Steps
Slide 30: Summary and Outlook
OVERVIEW PROJECTS NEXT STEPS Summary and Outlook Exploring for high value commodities in Key workstreams and upcoming news flow global demand Ragged Range Project, Pilbara, WA: Lithium exploration Projects in proven mineralised terranes Sterling Gold Prospect – follow up RC Drilling Krona Nickel Pro
Slide 31: Thank You
Thank You AIM/ASX: THR [email protected]