INVESTOR UPDATE

New 3D Model Highlights Structural Controls on Copper Mineralisation at Alford

Read the full ASX release
The directors of Thor Energy PLC (AIM, ASX: THR, OTCQB: THORF) are pleased to share Thor’s updated 3D Geological Model, incorporating the recently completed Ambient Noise Tomography (“ANT”) surveys by Fleet Space Technologies for the Alford East Copper – Rare Earth Element Project in South Australia.

Figure 1: Alford East 3D ANT and Structural Model highlighting the NNE trending fault zone (red) commonly associated with copper oxide mineralisation as seen at prospect AE5 to AE8

Highlights

▪ Fleet’s ANT survey results provided valuable insights into the lithological and structural setting of the Alford East Copper oxide and REE Project.
▪ Deeply weathered troughs in areas of unaltered metamorphic rocks were found to be associated with zones of faulting, deep oxidation and intrusives at depth.
▪ The ANT surveys confirm the significance of the prominent north-northeast (NNE) structure associated with copper oxide mineralisation.
▪ The combined resultant 3D Model provides targeted criteria for extensions to existing mineralisation and potential for new discoveries of oxide copper-REE mineralisation.

The 3D ANT Modelling has provided significant lithological and structural insights into the Alford East Project area. Combining this information with Thor’s dataset has led to an exciting new 3D Model, with a newfound understanding of the Alford East structural setting and mineralisation controls. This has provided the Company with a refined targeted strategy, focusing future drilling on areas with potential high-grade oxide copper-gold and REE mineralisation.

The model also provides greater insight into historical, negative drill results that led to major explorers leaving the area.

NEXT STEPS

1. Drill preparations and drilling
2. Pump testing for ISR assessment push-pull work
3. Continue quarterly groundwater testing
Read the full ASX release

WATCH: Learn more about how ANT Surveys have helped delineate Copper mineralisation at the Alford Project

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.

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