Thor Energy Plc · LSE:THR
Thor Energy — Thor Mining — Investor Presentation (July 2021)
27 slides from Thor Energy's investor presentation, Jul 30, 2021
Slide 1: Investor Presentation July 2021
For personal use only AIM/ASX: THR OTCQB: THORF July 2021
Slide 2: Disclaimer & Legal Notice
DISCLAIMER & LEGAL NOTICE 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, further distributed to any other person or published, in whole or
Slide 3: Corporate Snapshot
CORPORATE SNAPSHOT For personal use only CAPITAL STRUCTURE SHARE PRICE PERFORMANCE (LSE) AIM/ASX Code THR OTCQB Code THORF Market Cap US$18.0M Cash (Jun 30 2021) US$1.1M Debt NIL Directors Interest 3.5% 3 AIM/ASX: THR
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS Fully Funded 2021 Program For personal use only Diverse Portfolio Copper - Australia Copper – Australia (Three Projects) • Technical Feasibility Stage • Technical Feasibility Stage • Direct & Indirect Interest in >400,000t Cu • Resource Expansion Potential • Resource Extension
Slide 5: Board & Management
BOARD & MANAGEMENT For personal use only Mick Billing Nicole Galloway Warland Mark McGeough Mark Potter Ray Ridge Chairman Managing Director Non-Executive Director Non-Executive Director CFO Joint Company Secretary Accounting Geologist Geologist Finance Accounting Career includes experience in More
Slide 6: Copper in South Australia
COPPER IN SOUTH AUSTRALIA For personal use only LOCATION ▪ Alford East – JV Farm-in earning 80% direct interest ▪ EnviroCopper Limited (ECL) – Thor hold 30% Equity Interest – Kapunda – ECL earning a 75% interest – Alford West – ECL earning a 75% interest GEOLOGY ▪ Substantial near surface oxidised c
Slide 7: In-Situ Recovery (ISR)
IN-SITU RECOVERY (ISR) For personal use only ▪ Large copper-gold oxide resources constrained within structural corridor ▪ 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) ▪
Slide 8: Alford East Copper-Gold – Thor Earning 80%
ALFORD EAST COPPER-GOLD – THOR EARNING 80% For personal use only LOCATION ▪ Approx 150km north-west of Adelaide, South Australia ▪ Adjacent EnviroCopper Ltd Alford West project GEOLOGY ▪ Substantial near surface oxidised copper mineralisation, transitioning at depth to readily leachable chalcocite t
Slide 9: Alford East Copper-Gold – Inferred Mineral Resource
ALFORD EAST COPPER-GOLD – Inferred Mineral Resource For personal use only ▪ Inferred Mineral Resource Estimated based solely on historic drilling ▪ Significant Growth Potential – along strike and at depth ▪ Diamond Drilling program to increase this resource in progress. Inferred Mineral Resource Est
Slide 10: Alford East Copper-Gold – Growth Potential
ALFORD EAST COPPER-GOLD – Growth Potential For personal use only ▪ Inferred Mineral Resource Estimated based solely on historic drilling ▪ Significant Growth Potential – along strike and at depth ▪ Diamond Drilling Commenced June 2021 10 AIM/ASX: THR
Slide 11: EnviroCopper Ltd – Thor Interest 30%
ENVIROCOPPER LTD – THOR INTEREST 30% LOCATION For personal use only ▪ Kapunda - 90km north of city of Adelaide ▪ Alford West - 150km north-west of Adelaide GEOLOGY ▪ Substantial near surface oxidised copper mineralisation, transitioning at depth to readily leachable chalcocite then primary chalcopyr
Slide 12: EnviroCopper Resources & Exploration Targets
ENVIRO COPPER RESOURCES & EXPLORATION TARGETS GROWING COPPER RESOURCES – ALSO WITH GOLD POTENTIAL For personal use only GOLD POTENTIAL KAPUNDA COPPER RESOURCE ESTIMATE (12 FEB 2018) RESOURCE COPPER MINERALISATION CLASSIFICATION MT GRADE CU METAL (T) ▪ Substantial evidence of gold in ~⅓ of historical
Slide 13: 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
Slide 14: Ragged Range - Gold Strike Potential
RAGGED RANGE - GOLD STRIKE POTENTIAL For personal use only 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
Slide 15: Ragged Range - Magnetic/Radiometric Survey
RAGGED RANGE - MAGNETIC/RADIOMETRIC SURVEY For personal use only ▪ Close spaced airborne magnetics survey was flown by MAGSPEC Airborne Surveys Pty Ltd over E46/1190, E46/1262 & E46/1355 (ASX:THR 6 October 2020) ▪ High resolution airborne magnetics data defines structural contacts and lithological b
Slide 16: Ragged Range - Simplified Gold Models
RAGGED RANGE - SIMPIFIED GOLD MODELS For personal use only 16 AIM/ASX: THR
Slide 17: Ragged Range - Next Steps
RAGGED RANGE - Next Steps ▪ Soil Sampling Program #5 due to commence – define drill locations. For personal use only ▪ Successful WA Government (DMIRS) co-funded drilling grant - $160,000 ▪ RC drilling program to commence Q3 2021 17 AIM/ASX: THR OTCQB: THORF
Slide 18: US Uranium & Vanadium – 100%
US URANIUM & VANADIUM – 100% For personal use only LOCATION ▪ Located SE Utah & SW Colorado USA – Uravan Mineral Belt ▪ 400km south-west of city of Denver GEOLOGY ▪ Sandstone filled paleochannels hosting uranium & vanadium ▪ Field sampling returned high grade uranium (up to 1.25% U3O8) and vanadium
Slide 19: Wedding Bell Historical Mines Geological Model
Wedding Bell Historical Mines Geological Model GEOLOGICAL MODEL For personal use only ▪ “Saltwash Type” sandstone hosted uranium –vanadium deposits ▪ Sandstone filled paleochannels (braided streams in the Jurassic period) ▪ Deposits hosted in the Morrison Formation with the upper Salt Wash Member th
Slide 20: Wedding Bell – Next Steps
Wedding Bell – Next Steps For personal use only NEXT STEPS ▪ Drilling Permitting in Progress ▪ Drilling to target high grade uranium and vanadium mineralisation along strike at 3 area: • Rim Rock • Groundhog, and • Section 23 ▪ Section 23 has previously not been tested 20 AIM/ASX: THR OTCQB: THORF
Slide 21: Molyhil Tungsten Project – 100%
MOLYHIL TUNGSTEN PROJECT– 100% For personal use only LOCATION • Northern Territory, Australia – 320km east of Alice Springs GEOLOGY • Two adjacent magnetite skarn bodies with economic mineralization of • scheelite and molybdenite HISTORY • High grade resource suitable for open pit development • Exte
Slide 22: Molyhil High Grade Resource
MOLYHIL HIGH GRADE RESOURCE For personal use only HIGH GRADE RESOURCE ▪ Molyhil is one of the higher-grade open pit tungsten Summary of Molyhil Mineral Resource Estimate (Reported 8 April 2021) projects in the Western World WO3 Mo Cu Fe RESOURCE Mt Grade % tonnes Grade % tonnes Grade % Tonnes Grade
Slide 23: Molyhil Underground & Bonya Satellite Deposits
MOLYHIL UNDERGROUND & BONYA SATELLITE DEPOSITS For personal use only Molyhil BONYA TUNGSTEN RESOURCE ESTIMATES - 29th Jan 2020 Oxidation Tonnes WO3 Cu ‘000 % Tonnes % Tonnes Oxide 50 0.26 120 0.14 60 Inferred Fresh 690 0.21 1,410 0.08 550 Total 740 0.21 1,530 0.09 610 BONYA COPPER RESOURCE ESTIMATE(
Slide 24: Pilot Mountain – 100% Thor
PILOT MOUNTAIN – 100% THOR LOCATION ▪ Located IN Nevada, USA For personal use only ▪ 250km south-east of Reno GEOLOGY ▪ Tungsten-copper-zinc-silver skarn style mineralization at four primary locations: – Desert Scheelite, garnet, gunmetal & Good hope deposits HISTORY ▪ Explored by Union Carbide Corp
Slide 25: Pilot Mountain Resource Estimate
PILOT MOUNTAIN RESOURCE ESTIMATE The largest Reported Tungsten Resource in USA For personal use only Pilot Mountain Resource Estimate (Reported 13 December 2018) Resource WO3 Ag Cu Zn Mt Grade % Contained Grade % Contained Grade % Contained Grade % Contained Metal (t) Metal (t) Metal (t) Metal (t) I
Slide 26: Next Step Exploration/Development Activities
NEXT STEP EXPLORATION/DEVELOPMENT ACTIVITIES For personal use only Fully Funded - Focussed on copper resources, plus gold & uranium discoveries…. Alford-East Copper Project, South Australia ▪ Drilling for process test samples & to extend Resource – in Progress Kapunda Copper-Gold Project, South Aust
Slide 27: Contact Details
For personal use only CONTACT DETAILS • Thor Mining PLC • 58 Galway Ave, Marleston SA 5033 • P: +61 8 7324 1935 • F:+61 8 8351 5169 • E: corporate@thormining.com • www.thormining.com • Twitter: @ThorMining AIM/ASX: THR 27