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Thor Explorations Announces Positive Pre-Feasibility Study for the Douta Gold Project, Senegal
This announcement contains inside information as defined in the UK version of the Market Abuse Re...
About this update from Thor Explorations Ltd.
[{"type":"text","content":"Thor Explorations Announces Positive Pre-Feasibility Study for the Douta Gold Project, SenegalThis announcement contains inside information as defined in the UK version of the Market Abuse Regulation (EU) No.596/2014, which is part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via a Regulatory Information Service, such inside information will be considered to be in the public domain.Vancouver, British Columbia--(Newsfile Corp. - January 26, 2026) - Thor Explorations Ltd. (TSXV: THX) (AIM: THX) (\"Thor\" or the \"Company\") is pleased to announce the results of its Pre-Feasibility Study (\"PFS\"), an updated Mineral Resource Estimate (the \"Douta Resource\" or \"MRE\") and a maiden Mineral Reserve prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (\"NI 43-101\") for the 100% owned Douta Gold Project in Senegal (\"Douta Project\" or the \"Project\"). The PFS confirms a robust, long-life gold project with strong economics, a substantial Mineral Reserve base, and a clear, accelerated pathway to development - underpinned by significant potential for further resource expansion.PFS HIGHLIGHTSPre-tax project NPV5% of US$908 million and IRR of 73% (100% equity basis) at a long-term gold price assumption of US$3,500/oz.Post-tax project NPV5% of US$633 million and IRR of 61% (100% equity basis) at a long-term gold price assumption of US$3,500/oz calculated using statutory Senegalese tax rates and excluding any fiscal incentives expected to be granted under the Mining Convention.Strong early cashflow, with gold production of 411koz in the first four years of oxide and transitional ore feed (\"Oxide Ore Phase\") at an all-in sustaining cost (\"AISC\") of US$1,493/oz, generating a pre-tax cashflow of US$814 million resulting in US$561 million of net cashflow post repayment of Project capital with an anticipated payback period of 11 months following the start of processing.Significant leverage to higher gold prices - at recent spot gold prices of circa US$4,250/oz the pre-tax NPV5% increases to US$1.43 billion (100% equity basis) with an IRR of 102% and an anticipated payback of nine months from the start of processing.Long-life production profile delivering 1.0 million ounces (\"Moz\") of gold from 37 million tonnes (\"Mt\")...