INVESTOR UPDATE

ANT Geophysical Surveys Commence
Alford Copper-REE Project

Read the full ASX release

The directors of Thor Energy Plc (AIM, ASX: THR, OTCQB: THORF) are pleased to announce the commencement of Ambient Noise Tomography (“ANT”) geophysical surveys, in partnership Fleet Space Technologies, at the Alford East Copper-REE Project in South Australia.

HIGHLIGHTS

  • Low-impact, ANT surveys are now underway at the Alford East copper-gold Project using EXOSPHERE BY FLEET® technology.
  • The ANT surveys are designed to delineate the low-velocity, weathered ‘troughs’ that host the oxide copper-REE mineralisation within the Alford Copper Belt. They will be completed over the next few weeks.
  • As part of the collaborative partnership between Thor and Fleet, Fleet will integrate the ANT results with Thor’s 3D geological model using Artificial Intelligence (“AI”) and Machine Learning (“ML”) to generate a new model for drill targeting higher-grade oxide copper-gold mineralisation (ASX/AIM: 4 September 23). 
  • Future drilling will be concentrated on these targets, characterised by low seismic velocity, to intersect higher-grade oxide copper-gold mineralisation hosted in units conducive to the possibility of In-Situ Recovery (“ISR”)

The commencement of the low-impact ANT geophysics surveys over the Alford East copper-REE Project, as part of the collaborative partnership with Fleet Space Technologies, is a key step in accelerating our exploration and ISR assessment strategy at our Alford East Copper-REE Project.

Fleet will integrate the data from the ANT surveys, and in conjunction with Thor’s 3D geological model, it will result in a revised model to support drill targeting of higher-grade copper and REE mineralisation along strike of our mineral resource estimate and in new zones of the Alford Copper Belt.

The results from the surveys will help us become more precise in our future drilling campaigns, which will help us reduce our environmental footprint. We look forward to keeping the market updated as the results come in.

Play Video

WATCH: Learn more about the EXOSHERE BY FLEET® technology

Read the full ASX release

ABOUT THE

ALFORD COPPER PROJECTS

Thor Mining has an interest in several projects in the copper belt near Alford on the Yorke Peninsula in South Australia and further to the east at Kapunda.

LATEST

NEWS

SAEMC – Investor Presentation (December 2023)

Thor Energy Plc is pleased to provide investors with a chance to view the presentation slides from the Investor Presentation titled “Alford East: Accelerating Exploration with Fleet Space Technologies”, delivered by MD Nicole Galloway Warland, at the Annual General Meeting on the 29th of November 2023.

Read More »

LEARN MORE ABOUT ISR (In-Situ Recovery)

GET THE
LATEST NEWS
DELIVERED STRAIGHT
TO YOUR INBOX