Thor Energy Plc · LSE:THR

Thor Energy — Thor Mining — Investor Presentation (September 2021)

21 slides from Thor Energy's investor presentation, Sep 17, 2021

  1. Slide 1: Investor Presentation

    For personal use only Investor Presentation 16 September 2021 Nicole Galloway Warland Managing Director

  2. Slide 2: Disclaimer & Legal Notice

    For personal use only DISCLAIMER & LEGAL NOTICE This document and all other information (whether in writing or otherwise) which may be made available is: 1. Supplied solely for the intended recipient and may not be copied, reproduced, further distributed to any other person or published, in whole or

  3. Slide 3: Why Thor - Investment Highlights

    For personal use only WHY THOR - INVESTMENT HIGHLIGHTS 1. Diverse portfolio of in-demand commodities at varying levels of exploration and development 2. Projects in favourable ‘mining’ jurisdictions 3. Focused primarily on copper resources plus gold and uranium discoveries 4. Driving near-term explo

  4. Slide 4: Fully Funded 2021 Program

    For personal use only FULLY FUNDED 2021 PROGRAM GOLD– Australia URANIUM AND VANADIUM – USA Ragged Range, Pilbara, WA Wedding Bells, Colorado  Drilling adjacent high grade historical  Awaiting infill soil and stream results production  Maiden drilling program early October 2021  Drilling virgin g

  5. Slide 5: Company Overview

    COMPANY OVERVIEW Strong Technical and Financial Board & Management – with exploration discovery success For personal use only AIM/ASX Code THR OTCQB Code THORF Share Price A$0.019 Nicole Galloway Mark Potter Mark McGeough Ray Ridge Warland Non-Executive Non-Executive CFO & Joint Market Cap A$32 Mana

  6. Slide 6: Ragged Range Gold – 100% Thor

    RAGGED RANGE GOLD – 100% THOR LOCATION For personal use only  Pilbara Region, Western Australia  Located in area of proven gold production and resource potential GEOLOGY  East Pilbara Granite-Greenstone Terrane, Archean Pilbara Craton  Proximity to large scale gold deposits in similar geological

  7. Slide 7: Ragged Range – Gold Results to Date

    For personal use only RAGGED RANGE – GOLD RESULTS TO DATE 13 KILOMETRES OF STRIKE POTENTIAL  High tenor stream sediment samples draining SW-NE from interpreted Ultramafic /Mafic thrust faulted contact  Anomalous gold reported in pan, in BLEG samples and -2mm samples, assayed by aqua regia –up to 2

  8. Slide 8: Ragged Range – Nickel Potential

    RAGGED RANGE – NICKEL POTENTIAL High Tenor Nickel/Chrome Chip Samples For personal use only  Gossan extends approximately 1km with width ~100m within mapped komatiites, located at probable basal contact with Felsic Volcanics  Originally identified by GSWA with 0.11% Ni  Peak value of 0.27% Ni wit

  9. Slide 9: Ragged Range – Next Steps

    RAGGED RANGE – NEXT STEPS  Awaiting infill soil and stream sediment results For personal use only  Successful WA Government (DMIRS) co-funded drilling grant - $160,000  RC drilling program to commence early October 2021  EM Survey over Nickel Gossan 8 AIM/ASX: THR OTCQB: THORF

  10. Slide 10: Copper in South Australia

    COPPER IN SOUTH AUSTRALIA  Alford East – JV Farm-in earning 80% direct interest For personal use only  EnviroCopper Limited (ECL) – Thor hold 30% equity interest – Kapunda – ECL earning a 75% interest – Alford West – ECL earning a 75% interest LOCATION  Approx 150km north-west of Adelaide, South

  11. Slide 11: In-Situ Recovery (ISR)

    For personal use only IN-SITU RECOVERY (ISR)  Low cost / low environmental impact metal production  A chemical process rather than a high-cost mining operation (No large pit / no crushing or grinding / no waste dumps etc)  Substantial Australian government & research body funding grant to fund te

  12. Slide 12: Alford East - Copper-Gold Inferred Mineral Resource

    ALFORD EAST - COPPER-GOLD INFERRED MINERAL RESOURCE  Inferred Mineral Resource estimated based solely on historic drilling For personal use only  Significant growth potential – along strike and at depth  Diamond drilling program to increase this resource in progress. Inferred Mineral Resource Est

  13. Slide 13: Alford East - Broad High-Grade Results

    ALFORD EAST - BROAD HIGH-GRADE RESULTS  BROAD HIGH-GRADE COPPER-GOLD RESULTS – IDEAL FOR ISR For personal use only  Diamond drilling Phase 1 Completed (ASX:THR 31 August 2021)  21AED005: 72.7m @ 1.0 % Cu and 0.19g/t Au from 6.3m, including 18.2m @ 2.0% Cu and 0.34g/t Au  21AED001: 32.9m @0.4% Cu

  14. Slide 14: Alford East - Growth Potential

    ALFORD EAST - GROWTH POTENTIAL Mineralisation extends to the north For personal use only 21AED002: 59.9m @ 0.3% Cu from 21.9m (ASX:THR 31 August 2021) beyond MRE envelope Cross Section 6,254,400mN looking NNE Drilling scheduled for December 2021 to test AE-8 to the North 14 AIM/ASX: THR OTCQB: THORF

  15. Slide 15: Clear Pathway to Copper Production

    CLEAR PATHWAY TO COPPER PRODUCTION $300K SA Government Funding for ISR ‘Proof of Concept’ For personal use only 2021 2022 2023 Resource Drilling & Pump Testing Site Environmental Lixiviant Test Feasibility Study & Development  DRILLING – Phase 1 completed Phase 2 – scheduled for December 2021  HYD

  16. Slide 16: US Uranium & Vanadium – 100% Thor

    For personal use only US URANIUM & VANADIUM – 100% THOR LOCATION  Located SE Utah & SW Colorado USA – Uravan Mineral Belt  400km south-west of city of Denver GEOLOGY  “Saltwash Style” - Sandstone filled paleochannels hosting uranium & vanadium  Field sampling returned high grade uranium (up to 1

  17. Slide 17: Wedding Bell – Drilling

    For personal use only WEDDING BELL – DRILLING NEXT STEPS  Drilling Program Pending – Permitting underway  Environmental surveys completed  Drilling to target high grade uranium and vanadium mineralisation along strike at 3 area: • Rim Rock • Groundhog, and • Section 23  Section 23 has previously

  18. Slide 18: Molyhil Tungsten-Molybdenum Project – 100% Thor

    MOLYHIL TUNGSTEN-MOLYBDENUM PROJECT– 100% THOR TUNGSTEN - CRITICAL METAL For personal use only CHINA HOLDS 51% OF RESOURCES AND ACCOUNTS FOR 82% OF WORLD PRODUCTION1 LOCATION • Northern Territory, Australia – 320km east of Alice Springs GEOLOGY • Two adjacent magnetite skarn bodies with economic min

  19. Slide 19: Molyhil - Project Optimisation

    MOLYHIL - PROJECT OPTIMISATION Tungsten-molybdenum mineralisation hosted within magnetite skarn For personal use only -New modelling highlights untested magnetic body to the south of deposit –high potential for tungsten-molybdenum mineralised skarn Work Program  Diamond Drilling program –Q4 2021 •

  20. Slide 20: News Flow

    NEWS FLOW Fully Funded - Focussed on copper resources, plus gold & uranium discoveries…. For personal use only Ragged Range Gold (+copper) Project located in the Pilbara, Western Australia Soil sampling results – September 2021 RC Drilling – October 2021 Alford-East Copper Project, South Australia

  21. Slide 21: Contact Details

    For personal use only Authorised for Release by Nicole Galloway Warland Managing Director Thor Mining Plc Contact Details 58 Galway Ave, Marleston SA 5033 P: +61 8 7324 1935 E: nicole@thormining.com www.thormining.com Twitter: @ThorMining AIM/ASX: THR OTCQB: THORF

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