Highlights
• 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% (ASX: 23 November 2020).
• Spencer will receive consideration of AUD$250,000 in the form of 9,259,260 fully paid Thor shares to be issued today at AUD$0.027 per share, being the ASX volume weighted average price (“VWAP”) for the previous five trading days, together with 18,518,520 unlisted options, exercisable at AUD$0.30 within the next 5 years (Stage 2 expenditure). The shares will be allotted as CHESS Depository Interests (“CDIs”), with admission on the ASX and AIM expected on 10 November 2023. The issue of these securities was approved by shareholders at a General Meeting held on 23 August 2023.
• Thor will shortly be receiving the ANT geophysical data and interpretation from Fleet Space Technologies, covering the northern part of the Alford East project.
As exploration accelerates at our Alford East Copper-REE Project in collaboration with Fleet Space Technology, Thor is excited to have completed its stage 2 Earn-in resulting in an 80% interest in this highly prospective project. This demonstrates our confidence in the Alford East Project and the value we believe it can bring to the Company. We look forward to keeping shareholders updated on the Alford East project, including progress on the ANT Surveys.
WATCH: Learn more about the ANT survey at the Alford East Project with this Exploration Update
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ALFORD COPPER PROJECTS
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New 3D Model Highlights Structural Controls on Copper Mineralisation at Alford
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.
Alligator Energy Invests into South Australian In-Situ Recovery Copper
Thor Energy Plc is pleased to announce a strategic investment by Alligator Energy Limited into EnviroCopper Ltd (“ECL”) to further develop In- Situ Recovery (“ISR”) copper projects. Thor currently holds a 30% equity interest in ECL.
Copper Recoveries Advance In-Situ Recovery Assessment at Alford East Copper-REE Project
Thor Energy Plc is pleased to announce positive metallurgical copper recovery results, advancing Thor’s In-Situ recovery assessment of the Alford East Copper-REE Project, South Australia.
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.
AGM – Investor Presentation (2023)
Thor Energy Plc is pleased to provide investors with a chance to view the presentation slides from the Investor Presentation titled “New Green Economy: Uranium Focus”, delivered by MD Nicole Galloway Warland, at the Annual General Meeting on the 29th of November 2023.
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