Thor Energy Plc · LSE:THR
Thor Energy — PESA Natural Hydrogen Webinar Series (August 2026)
25 slides from Thor Energy's conference presentation, Aug 18, 2026
Slide 1: PESA Natural Hydrogen Webinar Series: Natural Hydrogen exploration in South Australia
Thor Energy - PESA Natural Hydrogen Webinar Series Natural Hydrogen exploration in South Australia Approaches & Potential AIM / ASX: THR OTCPK: THORF August 18th 2026
Slide 2: Disclaimer, legal notice and competent person statement
Thor Energy nH2 Exploration South Australia RSEL 802 Disclaimer, legal notice and competent person statement Disclaimer These presentation materials contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward- looking inform
Slide 3: Corporate Snapshot
Thor Energy nH2 Exploration South Australia RSEL 802 Corporate Snapshot Dual listed company London Stock Exchange (AIM: THR) ANDREW HUME: Managing Director & CEO Australian Stock Exchange (ASX: THR) 28 years in Oil and Gas E&P, holding senior roles across the value stream US – OTC Market (OTCPK: THO
Slide 4: Exploration Innovation
Thor Energy nH2 Exploration South Australia RSEL 802 Thor Energy | Exploration Innovation Global explorers focused on natural hydrogen, helium and critical minerals. Deploying techniques at the intersection of traditional mining and oil and gas exploration Positively differentiated by company struct
Slide 5: Portfolio Transformation and Focus
Thor Energy nH2 Exploration South Australia RSEL 802 Thor Energy Portfolio Transformation and Focus Strategic transition • Rationalised portfolio, reduced costs, generated funding and secured future milestone payments • Divestiture of non-core assets in Australia • Equity reduction in USA RSEL South
Slide 6: Natural Hydrogen & Helium Exploration
Natural Hydrogen & Helium Exploration Natural Hydrogen HY - Range Licence – RSEL 802 & Helium Growing Portfolio – PELA maturation Otway Joint Venture – RSELA 810 & 811 Storage Gas Gas Storage – Synergy and Opportunity Minerals Alford East Critical EnviroCopper Limited – 24% Indirect Holding ASX / AI
Slide 7: South Australia Portfolio Industry Focus
Thor Energy nH2 Exploration South Australia RSEL 802 Industry Focus South Australia Portfolio Business Environment • Synergies across Thor’s SA minerals portfolio • Supportive Government (local and national) • Built on Thor’s long history in South Australia • South Australia is a global natural hydr
Slide 8: Why Natural Hydrogen: SA Offtake Opportunities
Thor Energy nH2 Exploration South Australia RSEL 802 Why Natural Hydrogen SA Offtake Opportunities 2023 Global Hydrogen Production 0 25 50 62 Miles IEA – Global Hydrogen Review 2024 Hydrogen markets 0 25 50 75 100 Km • SA investing in hydrogen infrastructure Green C By-products (Low-Emissions) (petr
Slide 9: Understanding Natural Hydrogen Exploration Approaches
Thor Energy nH2 Exploration South Australia RSEL 802 Thor Energy Natural Hydrogen Exploration Approaches Play based exploration (PBE) versus twinned wells Delivers Legacy Twin Delivers Portfolio Understanding Confidence Focus Methodical Rapid results approach Focus, but also Data inclusivity potenti
Slide 10: The Play-Based Exploration Approach
Thor Energy nH2 Exploration South Australia RSEL 802 The Play-Based Exploration Approach Prospect Generation Plate Tectonic • Play Based Exploration (PBE) Setting/History Prospect Maturation Play, CRS & Resource Potential developed for petroleum exploration and ideally suited for natural hydrogen an
Slide 11: SA Cratonic Margin nH2 Geology
SA Cratonic Margin nH2 Geology ASX / AIM: THR thorenergyplc.com
Slide 12: South Australia – Geological Elements
Thor Energy nH2 Exploration South Australia RSEL 802 South Australia – Geological Elements Continental Keystone, meets rift fill, meets Fold-thrust belt SEEBASE – Modelled depth to crystalline basement *1 Australian Crustal Elements *2 • Australia: Complex continent of ancient Cratons Modelled Depth
Slide 13: Source Rock Potential
Thor Energy nH2 Exploration South Australia RSEL 802 Source Rock Potential Gawler Craton Archaean to Meso- OzTemp 5km Depth Map: • Gawler Craton Proterozoic Assemblages South-Central, SA • Mafic-rich basement terranes offer potential for *2 *1 hydrolytic hydrogen formation N • Felsic dominated terra
Slide 14: Southeastern South Australia
Thor Energy nH2 Exploration South Australia RSEL 802 Southeastern South Australia Plate reconstruction/Palaeolatitude Lineaments and Structural Controls Structural Fabric Seismic (Earthq uake) Activity Regional Gravity Regional Magnetics Bouguer TMI *1 *2b *2a *3 *3 *3 *1 1VD Tilt Proto-Australia Po
Slide 15: Regional Configuration of Southeastern South Australia
Thor Energy nH2 Exploration South Australia RSEL 802 Regional Configuration of Southeastern South Australia GA Pan-regional interpretation Regional Line Location Map Full 446km 22GA-DL1 Line • Regional Seismic Line: G22A-DL1 – crosses 446km from near Port Pirie to Pinnaroo, close to the SA/Vic borde
Slide 16: Basement, Source Rocks – Depth and Fabric
Thor Energy nH2 Exploration South Australia RSEL 802 Basement, Source Rocks – Depth and Fabric Eastern Gawler / Adelaide Geosyncline VRTP Tilt Tri-band Magnetics *1 Torrens Hinge Zone (as Thor considers it), is: Gawler Type 1 • The Adelaide Rift system preserved west of the shallow / Gawler Type 2 s
Slide 17: Migration and Enrichment in the Neoproterozoic Rift Section
Thor Energy nH2 Exploration South Australia RSEL 802 Migration and Enrichment in the Neoproterozoic Rift Section Neoproterozoic Stratigraphy Zoomed and partially interpreted section • Wilpena Gp: Siltstones, Sandstones, minor carbonates • Umberatana Gp: Sturtian & Marinoan glacial deposits • Burra G
Slide 18: RSEL 802 – HY-Range Project
RSEL 802 – HY-Range Project
Slide 19: HY-Range (RSEL 802) Play Elements and Exploration insights
Thor Energy nH2 Exploration South Australia RSEL 802 HY-Range (RSEL 802) Play Elements and Exploration insights Tectonic Elements Basement Architecture *1 Source Potential *2 Stratigraphy Proven NH / He Surface Features *1 Trapping Trapping Structure Stratigraphy Stratigraphy Migration Migration Tra
Slide 20: RSEL 802 Tectonic Elements
Thor Energy nH2 Exploration South Australia RSEL 802 RSEL 802 Tectonic Elements Seebase Basement Depth Topography Tectonic Elements RSEL802 Spans the Torrens Hinge Zone and part of the *1 *2 Adelaide Fold Bolt Shallow 1200m Gawler Craton Elevation Intermediate Torrens Hinge Zone Deep 0m Adelaide 0m
Slide 21: Play Synthesis
Thor Energy nH2 Exploration South Australia RSEL 802 Note: Conceptual Play Synthesis • RSEL 802 spans the Torrens Hinge zone and the Western Parts of the Adelaide Fold belt • Torrens Hinge Zone • Neoproterozoic low-grade Rift and passive margin low-grade metasedimentary succession • Crystaline Felsi
Slide 22: Geochemical Analysis
Thor Energy nH2 Exploration South Australia RSEL 802 Geochemical Analysis Phase1: Proven Hydrogen and Helium Phase 2: Confirmed Increased Readings • Successful May 2025 • Phase 2: 2025/2026 geochemistry survey Orroroo • Surpassed Phase 1 • nH2 Readings up to recording up to 3% nH2 6000x background C
Slide 23: HY-RANGE: Licence Focus, Targeted Maturation and Exploration Drilling
Thor Energy nH2 Exploration South Australia RSEL 802 HY-RANGE: Licence Focus, Targeted Maturation and Exploration Drilling Planned work programme • 2D exploration seismic • Scheduled for Q4 2026 • Planned 464-line kilometres • Acquisition across the high-graded Lochiel and Crystal exploration lead a
Slide 24: Takeaways
Thor Energy nH2 Exploration South Australia RSEL 802 Takeaways Industry activity: Supportive environment: Offtake opportunities • Geochemical surveys, ANT, MT • Regulatory support • Domestic and industrial Energy South Australia: • Exploration seismic • Active lease rounds • Industrial feedstock nH2
Slide 25: Thank You
AIM / ASX: THR OTCPK: THORF Thor is motivated to pioneer the vast potential of natural hydrogen & helium We are compelled to explore and develop. Andrew Hume Managing Director & CEO investors@thorenergyplc.com www.thorenergyplc.com Thank You X: @ThorEnergyPLC
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