Thor Energy Plc · LSE:THR
Thor Energy — RIU Sydney Resources Round-Up 2024
22 slides from Thor Energy's conference presentation, May 2024
Slide 1: Uranium Focus
RIU Sydney Resources Round-Up Investor Presentation Uranium Focus May 2024 Nicole Galloway Warland Managing Director
Slide 2: Disclaimer, legal notice and competent person statement
OVERVIEW PROJECTS NEXT STEPS Disclaimer, legal notice and competent person statement Disclaimer This presentation contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation
Slide 3: Strategic Focus on Uranium
OVERVIEW PROJECTS NEXT STEPS Strategic Focus on Uranium Growth 100% owned ▪ Exploration and resource drilling uranium assets in the ▪ Project acquisition United States USA Uranium Exposure ▪ Strong uranium fundamentals Strategically located in the Uranium Growth Project ▪ US desire for secure domest
Slide 4: Uranium: Increased Global Demand with persistent threats to Supply
OVERVIEW PROJECTS NEXT STEPS Uranium: Increased Global Demand with persistent threats to Supply Uranium spot price above US$90/lb Key Drivers in uranium and nuclear growth are: ▪ Environment – Net zero - clean green - base load ‘nuclear energy’ (22 countries to triple their nuclear power by 2050) ▪
Slide 5: Uranium Spot Price
OVERVIEW PROJECTS NEXT STEPS Uranium Spot Price Uranium (USD/Lbs) (As at 3 May 2024) https://tradingeconomics.com/commodity/uranium 4
Slide 6: Investment Highlights - USA Uranium Exposure
OVERVIEW PROJECTS NEXT STEPS Investment Highlights - USA Uranium Exposure Geopolitical – USA domestic supply security… Russian import ban USA is the largest consumer of uranium in the world (~28%) Projects in proven mining jurisdictions - Utah and Colorado, USA “High-grade” sandstone hosted, shallow
Slide 7: Experienced Board and Management
OVERVIEW PROJECTS NEXT STEPS Experienced Board and Management Uranium Exploration and Development Expertise Alastair Clayton Nicole Galloway Warland Mark McGeough Ray Ridge Chairman Non-Executive Managing Director Non-Executive Director CFO & Joint Company Secretary 25 years of experience in the min
Slide 8: Uranium
Uranium Uravan Mineral Belt, Colorado & Utah
Slide 9: Project Locations
OVERVIEW PROJECTS NEXT STEPS Project Locations ▪ Uravan Mineral Belt, Utah and Colorado, USA ▪ Major producer of uranium and vanadium ▪ 3 Projects – 100% owned by Thor Energy PLC ▪ Wedding Bell, Colorado ▪ Radium Mountain, Colorado ▪ Vanadium King, Utah ▪ Key neighbours: Energy Fuels, Western Uraniu
Slide 10: Environment, Social and Governance (ESG)
OVERVIEW PROJECTS NEXT STEPS Environment, Social and Governance (ESG) The Company uses responsible and best-practice exploration, adhering to strict environmental, cultural, safety and land access protocols. Positive Community sentiment to uranium exploration Environment: Thor uses low-impact explor
Slide 11: “Saltwash” Style sandstone-hosted Uranium and Vanadium
OVERVIEW PROJECTS NEXT STEPS “Saltwash” Style sandstone-hosted Uranium and Vanadium ▪ Laterally extensive deposits (kilometres), hosted mainly in the Salt Wash member of the Morrison Formation (Jurassic) ▪ High-grade ore generally adjacent to the oxidation-reduction boundary ▪ Some small, high-grade
Slide 12: High Grade Uranium and Vanadium Drill Results
OVERVIEW PROJECTS NEXT STEPS High Grade Uranium and Vanadium Drill Results ▪ Three significant prospects tested within 2km of each other – uranium intercepted in all drillholes with broader vanadium halo ▪ Uranium intercepts up to 0.69% eU3O8 with vanadium up to 3.0% V2O5 ▪ Downhole gamma consistent
Slide 13: Rim Rock Mine Area
OVERVIEW PROJECTS NEXT STEPS Rim Rock Mine Area 23WBR011: 6.1m @ 563ppm (0.06%) U3O8 and 9100ppm (0.9%) V2O5 from 74.7m Including, 1.5m @ 1624ppm (0.16%) U3O8 and 19637ppm (2.0%) V2O5 from 76.2m 23WBRA012: 3.4m @ 514ppm U3O8 and 454ppm V2O5 from 62.5m Including 0.6m @ 100ppm U3O8 and 2392ppm V2O5 fr
Slide 14: Groundhog Mine Area
OVERVIEW PROJECTS NEXT STEPS Groundhog Mine Area ▪ 23WBR019: 1.2m @ 1112ppm (0.11%) U3O8 and 3744ppm (0.4%) V2O5 from 90.8m OPEN ▪ 23WBR020: OPEN 4.9m @ 1199ppm (0.12%) U3O8 and 6306ppm (0.63%) V2O5 from 82m Including, 0.6m @ 6250ppm (0.63%) U3O8 and 30348ppm (3.0%) V2O5 from 82.6m Including, 1.8m @
Slide 15: Pipeline of drill targets
OVERVIEW PROJECTS NEXT STEPS Pipeline of drill targets ▪ Exploration drilling: ▪ Drilling to date testing only Section 23, Rim Rock and Groundhog ▪ Pipeline of Drill targets – historic working and radiometric anomalies Babe Ruth and Diana ▪ Resource drilling (RC and Diamond) at Rim Rock and Groundho
Slide 16: Vanadium King, Utah
OVERVIEW PROJECTS NEXT STEPS Vanadium King, Utah Colorado Prospects Previous Exploration ▪ Adjacent to Yellow Cat historic uranium workings ▪ Two oil wells drilled at the northern end of tenure recorded high gamma kicks at 117m, reflecting the presence of uranium mineralisation ▪ Maiden Drilling Tar
Slide 17: Next Steps
Next Steps Colorado Wedding News Bell Flow Project
Slide 18: Next Steps and Growth Opportunities
OVERVIEW PROJECTS NEXT STEPS Next Steps and Growth Opportunities Wedding Bell and Vanadium King Projects ✓ Licensing/Permits granted ▪ Resource drilling at Rim Rock and Groundhog ✓ Exploration – Drilling growth ▪ Continue to drill test new areas within projects ▪ Underexplored resource potential ▪ M
Slide 19: Investment Case
OVERVIEW PROJECTS NEXT STEPS Investment Case Uranium Focus – Supply & demand with favourable fundamentals Mining friendly jurisdictions – No sovereign risk Resource Drilling with strong pipeline of exploration drill targets Experienced Board and management 18
Slide 20: Thank You
Thank You Nicole Galloway Warland nicole@energyplc.com Australian Office AIM/ASX: THR OTCQB: THORF
Slide 21: Other significant assets
OVERVIEW PROJECTS NEXT STEPS Other significant assets Copper - Australia (Interest in 3 projects) ▪ ISR Assessment – low environmental footprint with and economic benefits ▪ Thor Energy has a 26.3% interest in a private company EnviroCopper Limited (ECL) - Kapunda and Alford West Projects ▪ Alford E
Slide 22: Alford East Copper-Gold Project: High-Grade Results
OVERVIEW PROJECTS NEXT STEPS Alford East Copper-Gold Project: High-Grade Results ▪ Broad high-grade copper-gold results (>500ppm) – ideal for ISR Colorado Prospects ▪ Diamond drilling Phase 1 results included: ▪ 21AED005: 72.7m @ 1.0 % Cu and 0.19g/t Au from 6.3m, including 18.2m @ 2.0% Cu and 0.34g