Managing Directors comments:
During our most recent quarter, we were excited to announce the start of our 2023 drilling program at our US uranium projects, starting at the Section 23 Prospect, followed by the Groundhog and Rim Rock prospects. We will be closely recording the amount of natural gamma radiation by downhole gamma logging regularly throughout the program.
This new development comes as further growth opportunities emerge in the uranium sector. The uranium spot price is now at a 12-year high, supported by strong supply and demand fundamentals. This strengthens our strategic focus on energy metals and our commitment to advancing our USA uranium projects.
Regarding our Australian projects, a recent highlight was the commencement of the low-impact ANT geophysics surveys over the Alford East copper-REE Project, as part of Thor’s collaborative partnership with Fleet Space Technologies. This marks a key step in accelerating our exploration and ISR assessment strategy for the Project.
Fleet Space Technologies, utilising its technology, EXOSPHERE BY FLEET, will integrate the data from the ANT surveys, and in conjunction with Thor’s 3D geological model, will produce 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 utilisation of both artificial intelligence and machine learning in this collaboration will enable results from the surveys to become more precise in our future drilling campaigns, which will help us reduce our environmental footprint.
Thor is also pleased that the Government of South Australia awarded a key environmental approval to advance the Kapunda Copper ISR Project during the period.
The in-situ lixiviant “SELT” test being carried out by a JV between EnviroCopper Ltd and OZ Exploration Pty Ltd is a critical step in the assessment of the ISR process, determining the copper solubility hence recovery, as well as hydrogeological parameters at the Kapunda copper mineralisation.
We believe this allows the Company’s strategy to align with the objectives of the Government of South Australia to treble copper production by 2030.
We look forward to updating the market with further developments on all our projects in due course.
WATCH Managing Director Nicole Galloway Warland’s recent exploration update from the Wedding Bell Uranium Vanadium Project.
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The 3D ANT Modelling has provided significant lithological and structural insights. Combining this information with Thor’s dataset has led to an exciting new 3D Model of the Alford East Copper-REE Project, South Australia.
Half Yearly Report (2024)
Thor Energy Plc is pleased to provide investors with the Half Yearly Report for the period up to December 31 2023.
High Grade Uranium and Vanadium Assays – Wedding Bell and Radium Mountain Projects, USA
Assays return up to 3,0348 ppm (3.0%) V2O5 vanadium pentoxide, with uranium assay grades up to 6,250ppm (0.63%) U3O8, consistent with the high-grade downhole gamma uranium results
Quarterly Activities and Cash Flow Report (December 2023)
Read about the main advancements in our key projects for Thor Energy Plc (AIM, ASX: THR) during the September quarter.
Uranium Update – Wedding Bell and Radium Mountain Projects, USA
An exploration update on the Wedding Bell and Radium Mountain Projects, located in the uranium-vanadium mining district of the Uravan Mineral Belt, southwest Colorado, USA.
Alligator Energy Invests into South Australian In-Situ Recovery Copper
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