Thor Energy Plc · LSE:THR

Thor Energy — RIU Sydney Resources Round-up 2022

31 slides from Thor Energy's conference presentation, May 3, 2022

  1. Slide 1: RIU Sydney Resources Round-up

    For personal use only RIU Sydney Resources Round-up 3 May 2022 Nicole Galloway Warland, Managing Director AIM/ASX: THR OTCQB: THORF

  2. Slide 2: Disclaimer, legal notice and competent person statement

    OVERVIEW PROJECTS NEXT STEPS Disclaimer, legal notice and competent person statement For personal use only 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, furthe

  3. Slide 3: Exploring for high-value commodities in global demand

    OVERVIEW PROJECTS NEXT STEPS Exploring for high-value commodities in global demand For personal use only Diverse portfolio Lithium/Gold – Australia  Ragged Range Project, Pilbara WA  Highly prospective lithium targets  Surface geochemistry defined robust gold anomalies along structurally controll

  4. Slide 4: Investment case

    OVERVIEW PROJECTS NEXT STEPS Investment case For personal use only Poised for significant growth Focused on mineral discoveries for our future – battery and critical minerals Project portfolio in proven mining jurisdictions; Australia and the USA Under-explored tenure highly prospective for lithium,

  5. Slide 5: Corporate snapshot

    OVERVIEW PROJECTS NEXT STEPS Corporate snapshot For personal use only AIM/ASX code THR OTCQB code THORF Market cap A$32M Cash (March 2022) A$2.78M Debt NIL Top 20 shareholders 56.7% Directors interest 0.29% Strong corporate position with focus on advancing projects towards discovery and development

  6. Slide 6: Board and management

    OVERVIEW PROJECTS NEXT STEPS Board and management For personal use only Mark Potter Nicole Galloway Warland Mark McGeough Alastair Clayton Ray Ridge Chairman Non-Executive Managing Director Non-Executive Director Non-Executive Director CFO, Joint Company Secretary Over 15 years’ experience in More t

  7. Slide 7: Current activities – exploration drilling

    OVERVIEW PROJECTS NEXT STEPS Current activities – exploration drilling For personal use only Gold/Lithium/Nickel – Western Australia Ragged Range, Pilbara  Fixed Loop Electromagnetic Survey-Krona Prospect  RC drilling - Sterling Gold Prospect  Regional exploration – lithium, nickel and copper Ura

  8. Slide 8: Ragged Range

    OVERVIEW PROJECTS NEXT STEPS For personal use only Ragged Range

  9. Slide 9: Ragged Range – Pilbara, WA

    OVERVIEW PROJECTS NEXT STEPS Ragged Range – Pilbara, WA For personal use only Location Located in area of proven gold and lithium production with significant resource potential Geology East Pilbara Granite-Greenstone Terrane, Archean Pilbara Craton Gold:  Proximity to large scale gold deposits in s

  10. Slide 10: Prospective for gold, lithium, nickel and copper

    OVERVIEW PROJECTS NEXT STEPS Prospective for gold, lithium, nickel and copper For personal use only Gold - 13km of strike potential - Sterling Prospect  High tenor stream sediment samples draining SW-NE from interpreted ultramafic/mafic thrust faulted contact  Anomalous gold reported in pan (74.1g

  11. Slide 11: Lithium prospectivity – associated with Split Rock Supersuite

    OVERVIEW PROJECTS NEXT STEPS Lithium prospectivity – associated with Split Rock Supersuite For personal use only Prospectivity for lithium–caesium-tantalum enriched (LCT) pegmatites Associated with Split Rock Supersuite (~2.85- 2.83 Ga) Host to world class spodumene deposits at Wodgina - largest har

  12. Slide 12: Lithium targets

    OVERVIEW PROJECTS NEXT STEPS Lithium targets For personal use only Significant coverage of prospective ground adjacent to Split Rock Supersuite (2.85Ma- 2.83) within tenure Priority targets identified: 1) 5-10km halo around the Mondana Monzogranite, Spilt Rock Supersuite 2) This NE corner of E46/126

  13. Slide 13: Krona prospect - nickel gossan

    OVERVIEW PROJECTS NEXT STEPS Krona prospect - nickel gossan For personal use only High Tenor Nickel/Chrome Chip Samples  Gossan extends approximately 1km x 100m within mapped komatiites, located at basal contact with felsic volcanics  Originally identified by GSWA with 0.11% Ni  Peak value of 0.2

  14. Slide 14: Sterling gold prospect

    OVERVIEW PROJECTS NEXT STEPS Sterling gold prospect For personal use only  Maiden drilling - first phase highlighting sericite-pyrite-fuchsite alteration system indicating proximity to gold source (AIM/ASX: THR 25 January 2022)  Testing robust geochemical anomalies (soils and streams), associated

  15. Slide 15: Uranium-Vanadium

    OVERVIEW PROJECTS NEXT STEPS For personal use only Uranium-Vanadium 07

  16. Slide 16: Geopolitical tension, 'green' energy led to strong domestic demand

    OVERVIEW PROJECTS NEXT STEPS Geopolitical tension, ‘green’ energy led to strong domestic demand For personal use only Location  Located SE Utah and SW Colorado USA - Uravan Mineral Belt  3 Projects – 100% owned by Thor  Wedding Bell, Colorado  Radium Mountain, Colorado  Vanadium King, Utah Hist

  17. Slide 17: 'Saltwash' style uranium and vanadium

    OVERVIEW PROJECTS NEXT STEPS ‘Saltwash’ style uranium and vanadium For personal use only Geology  “Saltwash Style” - Sandstone filled paleochannels hosting uranium and vanadium  Deposits hosted mainly in the Salt Wash member of the Morrison Formation (Jurassic)  Analogy to Bigryli Deposit, NT Fie

  18. Slide 18: Stacked tabular orebodies

    OVERVIEW PROJECTS NEXT STEPS Stacked tabular orebodies For personal use only  Mineralisation can be traced along strike and laterally over meters to kilometres  Uranium and vanadium form together with vanadium forming larger halo – 5:1 ratio  Uranium occurs primarily as uraninite and coffinite wh

  19. Slide 19: Shallow high-grade drill targets

    OVERVIEW PROJECTS NEXT STEPS Shallow high-grade drill targets For personal use only Drilling program – preparations underway  Drilling to target high grade uranium and vanadium mineralisation along strike at 3 areas:  Rim Rock  Groundhog  Section 23  Section 23 has previously not been drill tes

  20. Slide 20: Copper Projects

    OVERVIEW PROJECTS NEXT STEPS For personal use only Copper Projects 07

  21. Slide 21: Copper - SA

    OVERVIEW PROJECTS NEXT STEPS Copper - SA For personal use only Projects  Alford East – JV Farm-in earning 80% direct interest EnviroCopper Limited (ECL) – Thor holds 30% Equity Interest:  Kapunda  Alford West Geology  Substantial near surface oxidised copper mineralisation, transitioning at dept

  22. Slide 22: In-Situ Recovery copper-gold

    OVERVIEW PROJECTS NEXT STEPS In-Situ Recovery copper-gold For personal use only ESG – Favourable alternative to traditional mining 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

  23. Slide 23: Alford East copper-gold

    OVERVIEW PROJECTS NEXT STEPS Alford East copper-gold For personal use only Geology  Substantial near surface oxidised copper mineralisation  Historic drilling – targeting primary IOCG mineralisation Inferred mineral resource estimation  177,000t of contained copper and 71,500oz of contained gold

  24. Slide 24: Broad high-grade results

    OVERVIEW PROJECTS NEXT STEPS Broad high-grade results 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 and 0.31g/t Au from 81.5m  21AED004:

  25. Slide 25: Clear pathway to copper development and production

    OVERVIEW PROJECTS NEXT STEPS Clear pathway to copper development and production For personal use only 2022 2023 2024 Continuous Stakeholder and Community Engagement Kapunda Site Environmental Lixiviant Test Feasibility Study and Development ISR Copper Production Alford East In ground Hydrometallurgi

  26. Slide 26: Molyhil

    OVERVIEW PROJECTS NEXT STEPS For personal use only Molyhil

  27. Slide 27: Molyhil - NT – tungsten, molybdenum, copper

    OVERVIEW PROJECTS NEXT STEPS Molyhil - NT – tungsten, molybdenum, copper For personal use only Location  Northern Territory, Australia – 320km east of Alice Springs Geology  Two adjacent magnetite skarn bodies with economic mineralization of scheelite, molybdenite and chalcopyrite History  High g

  28. Slide 28: Exploration

    OVERVIEW PROJECTS NEXT STEPS Exploration For personal use only  Over 45m of tungsten-molybdenum-copper mineralisation hosted within massive magnetite skarn – 21MHDD002 (ASX 23 November 2021)  Offset extension to the south of Molyhil deposit  NTGS – co-funded drilling program $110,000 Plan view Se

  29. Slide 29: Next Steps

    OVERVIEW PROJECTS NEXT STEPS For personal use only Next Steps

  30. Slide 30: Summary and Outlook

    OVERVIEW PROJECTS NEXT STEPS Summary and Outlook For personal use only Exploring for high value commodities in Key workstreams and upcoming news flow global demand Ragged Range Project, Pilbara, WA: Lithium exploration Projects in proven mineralised terranes Follow up drilling - Sterling Gold Prospe

  31. Slide 31: Thank You

    Thank You AIM/ASX: THR For personal use only nicole@thormining.com

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