Managing Directors comments:
We are excited with the progress made during the March Quarterly 2023. The beginning of the year was a big step change as we evolved to become Thor Energy Plc. Whilst we will be progressing our gold and copper projects in Australia, our philosophy will be to focus on the ‘green energy’ economy with our uranium and vanadium projects in both Utah and Colorado in the United States of America.
We were delighted to receive the vanadium assay results for the selection of physical samples sent for analysis. The assay results at the Wedding Bell and Radium Mountain project confirmed the uranium mineralisation determined by downhole gamma and highlight broader enriched vanadium halos of up to 0.27% vanadium. These vanadium-rich halos are typical of this style of ‘Salt Wash’ sandstone-hosted uranium mineralisation.
Drill permitting is underway for our next round of drilling at Wedding Bell, and initial drilling at Vanadium King. A close-spaced airborne radiometric and magnetics survey will occur at all three projects in the United States once we believe the conditions are suitably dry to progress. We anticipate this will happen in the upcoming weeks.
We were pleased to announce earlier this week the Rare Earth Element discovery at our Alford East project, with a review indicating that eight out of the nine 2021 diamond drill holes have shallow, wide zones of highly enriched REE results within copper-rich oxides zones of IOCG style mineralisation. When compared to peers, these results compare very favourably in terms of depth, thickness, and grade.
We recently announced our ANT survey at the Alford West project was extremely successful in subsurface mapping. The use of the ExoSphere by Fleet® enabled the survey to be more efficient in exploration, minimising the environmental impact and improving drill targeting. We believe the subsurface ANT results will be integrated with historical drilling data to generate a new drilling program that can target higher-grade oxide copper-gold and REE mineralisation.
We look forward to updating the market as the subsurface maps are further refined with drill targets.”
WATCH: Managing Director Nicole Galloway Warland talk to Thomas Warner from Proactive about the latest news, including the potential high-grade rare earth (REE) discovery at Alford East Copper Gold Project which she describes as a “potential gamechanger.”
LATEST
NEWS
Major 2D Seismic Acquisition Contract for HY Range Project
Thor Energy PLC (AIM, ASX: THR, OTCQB: THORF) is pleased to announce that following a comprehensive bid evaluation process, it has signed a Letter of Award for an onshore 2D seismic acquisition survey (“the Programme”) at the Company’s 80.2%-owned HY-Range Project, Regulated Substance Exploration Licence RSEL 802, in South Australia.
Phase-2 Survey Records up to 3% Hydrogen at HY-Range Project
Thor Energy Plc is pleased to announce the successful award of two new Regulated Substance Exploration Licence Applications to Thor and its 50:50 joint venture partner, H2EX Ltd
Award of Two New Highly Prospective Natural Hydrogen & Helium Exploration Licence Applications in Otway Basin, South Australia
Thor Energy Plc is pleased to announce the successful award of two new Regulated Substance Exploration Licence Applications to Thor and its 50:50 joint venture partner, H2EX Ltd
Molyhil Sale Update – A$2,250,000 Completion Payment Received
Thor Energy is pleased to announce the receipt of the cash payment for A$2,250,000 from ASX-listed Tivan Limited (ASX:TVN) for Molyhil Project
HY-Range Seismic, Geochemistry & Portfolio Adjustment Update
A comprehensive update on current and planned exploration activities at its flagship HY-Range Project (RSEL 802) in South Australia,
HNAT Presentation (November 2025)
Thor Energy Plc is pleased to provide investors with a chance to view the presentation slides from the Investor Presentation for the HNAT Conference in Paris.