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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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.
ANT Geophysical Surveys Commence
Alford Copper-REE Project
Low-impact, ANT surveys are now underway at the Alford East copper-gold Project using EXOSPHERE BY FLEET® technology
Key Environmental Approvals Granted At Kapunda Copper ISR Project
The South Australian Government has approved the first stage of in-ground work on the Kapunda copper In-Situ Recovery (“ISR”) project, South Australia.
Fleet Space Technologies Collaboration at Alford Copper-REE Project
A new partnership between Thor Energy and Fleet Space Technologies will accelerate mineral exploration using Fleet’s EXOSHERE BY FLEET® technology