Slide 1: Investor Presentation – Amvest Capital Webinar
ASX Code: “THR” 20 May 2020 Company Announcements Office For personal use only THOR MINING PLC ASX Securities Limited, 20, Bridge Street, Registered Numbers: Sydney, N.S.W. 2000 United Kingdom 05276 414 Australia 121 117 673 Investor Presentation – Amvest Capital Webinar Registered Office: 58 Galway
Slide 2: About Thor Mining PLC
ASX Code: “THR” 20 May 2020 About Thor Mining PLC For personal use only Thor Mining PLC (AIM, ASX: THR) is a resources company quoted on the AIM Market of the London Stock Exchange and on ASX in Australia. Thor holds 100% of the advanced Molyhil tungsten project in the Northern Territory of Australi
Slide 3: Thor Mining Plc
Thor Mining Plc For personal use only AIM / ASX “THR” May 2020
Slide 4: Disclaimer & Legal Notice
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 in part, for any purp
Slide 5: Board of Directors and Management
Board of Directors and Management For personal use only Mick Billing Richard Bradey Mark Potter Ray Ridge CEO & Chairman Director & Non-Executive CFO & Joint Company Exploration Manager Director Secretary Accounting Geologist Finance Accounting Career includes experience in Holds a Bachelor of Scien
Slide 6: Thor's High Value Commodities in Global Demand
Thor’s High Value Commodities in Global Demand For personal use only Tungsten Molybdenum Copper US$ 21,000 /tonne* US$ 20,000 /tonne* US$ 5,200 /tonne* Two Year Ave = US$28,000/tonne Two Year Ave = US$25,000/tonne Two Year Ave > US$6,000/tonne Concentrate = US$17,000/tonne Concentrate = US$17,500/to
Slide 7: Tungsten - The Hardest Metal in the World
Tungsten - The Hardest Metal in the World For personal use only Features Hardest known metal. Very high melting & boiling points. Highly corrosion resistant – will not oxidise in air. Uses Diverse commercial, industrial & military applications. Wear resistant products used in metalworking, mining, o
Slide 8: Molyhil Tungsten Project – 100% Thor
Molyhil Tungsten Project – 100% Thor Location For personal use only •Northern Territory, Australia – 320km east of Alice Springs Geology • Two adjacent magnetite skarn bodies with economic mineralisation of scheelite & molybdenite Feasibility • 2018 DFS demonstrates profitable production with low op
Slide 9: Molyhil High Grade Reserve & Resources
Molyhil High Grade Reserve & Resources Seven Year Open Pit Life - Subsequent Underground & Nearby Deposits For personal use only High grade resource Summary of Molyhil Mineral Resource Estimate (Reported 10 Oct 2019) • Molyhil is one of the higher grade open pit WO3 Mo Cu Fe RESOURCE tungsten projec
Slide 10: High Tungsten & Mo Grades Continue below Pit Floor
High Tungsten & Mo Grades Continue below Pit Floor For personal use only Bench Tonnes Mo% Mo (t) WO3 % WO3 (t) Top mRL ‘000 420 48 0.08 39 0.73 350 400 359 0.14 487 0.57 2,044 380 440 0.13 569 0.48 2,096 360 576 0.12 702 0.29 1,690 340 605 0.11 678 0.22 1,341 320 524 0.11 593 0.21 1,109 300 506 0.12
Slide 11: Bonya - Resource Extension Potential - Longer Term Mine Life
Bonya - Resource Extension Potential - Longer Term Mine Life 13 Outcropping Tungsten Deposits close by at Bonya! - Thor Mining hold a 40% Interest in Bonya For personal use only Plus Copper & Vanadium TUNGSTEN & COPPER RESOURCES - 29 Jan 2020 th Oxidation Tonnes WO3 Cu ‘000 % Tonnes % Tonnes White V
Slide 12: Pilot Mountain Tungsten Project – 100% Thor
Pilot Mountain Tungsten Project – 100% Thor Location For personal use only • Located in Nevada, USA • 250km south-east of city of Reno Geology • Tungsten – copper – zinc - silver skarn style mineralisation at four primary locations: • Desert Scheelite, Garnet, Gunmetal, Good Hope deposits History •
Slide 13: Pilot Mountain Resource - The Largest Reported Tungsten Resource in the USA
Pilot Mountain Resource - The Largest Reported Tungsten Resource in the USA Pilot Mountain Resource Estimate (Reported 13 December 2018) For personal use only Resource WO3 Ag Cu Zn Mt Grade % Contained Grade % Contained Grade % Contained Grade % Contained Metal (t) Metal (t) Metal (t) Metal (t) Indi
Slide 14: Pilot Mountain Scoping Study – Sept 2018
Pilot Mountain Scoping Study – Sept 2018 Desert Scheelite Open Pit Scoping Key Features – 12 Year Mine Life For personal use only Life of Mine EBITDA US$ 125M Project Capex US$ 30M to US$ 35M Project Payback 30 Months Add in Garnet & Process Enhancements Life of Mine EBITDA US$ 202M-370M Project Cap
Slide 15: EnviroCopper Ltd
EnviroCopper Ltd Thor Hold 25% - Acquiring 30%* For personal use only Location • Located in South Australia • Kapunda - 90km north of city of Adelaide • Moonta – 150km north-west of Adelaide Geology • Substantial near surface oxidised copper mineralisation, transitioning at depth to readily leachabl
Slide 16: Enviro Copper Resources & Exploration Targets
Enviro Copper Resources & Exploration Targets Growing Copper Resources - also with Gold potential For personal use only Kapunda Copper Resource Estimate (Reported 12 Feb 2018) Gold Potential Resource Copper Substantial evidence of gold in ~⅓ of historical drilling Mineralisation Classification MT Gr
Slide 17: In-Situ Recovery (ISR) Recovery Model
In-Situ Recovery (ISR) Recovery Model For personal use only 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
Slide 18: Pilbara Gold – 100% Thor
Pilbara Gold – 100% Thor For personal use only Location • Pilbara Region Western Australia Geology • Greenstone & Granite of Archean Pilbara Craton History •Acquired 2019 •Initial Stream Sediment Survey: Gold in 15 of 44 sites Nickel & Chrome in 2 of 44 sites Program • Follow-up sampling following
Slide 19: For personal use only
For personal use only 58 Galway Avenue, Marleston SA, 5033, Australia +61 8 7324 1935 +61 8 8351 5169 corporate@thormining.com www.thormining.com @ThorMining Drilling at Bonya April 2019 www.linkedin.com/company/thor-mining-plc/ 17 AIM/ASX: THR