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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NEWS
Significant Uranium Mineralisation Intercepted
Significant uranium has been intercepted in drilling at Thor’s 100% owned Wedding Bell and Radium Mountain Projects
Copper Hosting Troughs defined by ANT Surveys at Alford East Project
The acquisition phase of the low-impact, ANT surveys are now complete and clearly delineate low-velocity, weathered ‘troughs’ that host the oxide copper-gold- REE mineralisation within the Alford Copper Belt
Thor Energy PLC increases its interest in the Alford East Copper Oxide Project to 80%
Thor will acquire a further 29% interest in the Alford East Copper Oxide Project, covering portions of EL6255 and EL6529, taking Thor’s interest to 80%
Investor Presentation – Investor Meets Company (November 2023)
Thor Energy Plc is pleased to provide investors a chance to view the presentation titled “New Green Economy: Uranium Focus”, delivered by Nicole Galloway Warland, Managing Director on the 2nd of November 2023.
Quarterly Activities and Cash Flow Report (September 2023)
Read about the main advancements in our key projects for Thor Energy Plc (AIM, ASX: THR) during the September quarter.