Thor Energy Plc · LSE:THR
Thor Energy — Thor Mining — RIU Conference (February 2021)
25 slides from Thor Energy's conference presentation, Feb 16, 2021
Slide 1: Investor Presentation February 2021
For personal use only AIM/ASX: THR INVESTOR PRESENTATION February 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 AIM/ASX Code THR Market Cap UK£15.0M Cash (Jan 2021) A$2.5M Debt NIL Directors Interest 3.5% 3 AIM/ASX: THR
Slide 4: Board & Management
BOARD & MANAGEMENT For personal use only Ray Ridge Mick Billing Mark Potter Mark McGeough Nicole Galloway Warland CFO CEO & Chairman Non-Executive Director Non-Executive Director Exploration Manager Joint Company Secretary Accounting Finance Geologist Geologist Accounting Career includes experience
Slide 5: Project Portfolio
PROJECT PORTFOLIO For personal use only BASE & PRECIOUS METALS SPECIALITY & ENERGY METALS Copper (Australia) Uranium and Vanadium (USA) Alford East (South Australia) Colorado & Utah (USA) Joint Venture farm-in to acquire an 80% interest in an 100% interest in mining claims over areas of high
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: 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 8: 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 Inferred Mineral Resource Estimate for the Alford East Project – 22nd January 2021 – 0.05% Cu c
Slide 9: 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 9 AIM/ASX: THR
Slide 10: EnviroCopper Ltd – Thor Interest 30%
ENVIROCOPPER LTD – THOR INTEREST 30% For personal use only LOCATION 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 11: EnviroCopper Resources & Exploration Targets
ENVIRO COPPER RESOURCES & EXPLORATION TARGETS GROWING COPPER RESOURCES – ALSO WITH GOLD POTENTIAL For personal use only KAPUNDA COPPER RESOURCE ESTIMATE (12 FEB 2018) GOLD POTENTIAL RESOURCE COPPER MINERALISATION CLASSIFICATION MT GRADE % CU METAL (T) Substantial evidence of gold in ~⅓ of historic
Slide 12: 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 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: 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 18: 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 • 2018 DFS demonstrated profitable production with low operati
Slide 19: Molyhil High Grade Resource & Reserves
MOLYHIL HIGH GRADE RESOURCE & RESERVES Summary of Molyhil Mineral Resource Estimate (Reported 10 Oct 2019) For personal use only HIGH GRADE RESOURCE Molyhil is one of the higher-grade open pit tungsten RESOURCE WO3 Mo Cu Fe projects in the Western World Mt Grade % tonnes Grade % tonnes Grade % ton
Slide 20: Molyhil Underground & Bonya Satellite Deposits
MOLYHIL UNDERGROUND & BONYA SATELLITE DEPOSITS Molyhil For personal use only 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 21: Pilot Mountain – 100% Thor
PILOT MOUNTAIN – 100% THOR For personal use only LOCATION Located IN Nevada, USA 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 22: Pilot Mountain Resource Estimate
PILOT MOUNTAIN RESOURCE ESTIMATE The largest Reported Tungsten Resource in 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 Metal (t) Metal (t) Metal (t) (t) I
Slide 23: Next Step Exploration Activities
NEXT STEP EXPLORATION ACTIVITIES For personal use only Focussed on copper resources, and gold discoveries…. Alford-East Copper Project, SA Inferred Mineral Resource Estimate – 177,000t of contained copper and 71,500oz of contained gold MRE Growth potential with minimal drilling Ragged Range Gold
Slide 24: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only Focussed on copper resources, and gold discoveries…. Multiple projects with large scale potential in first class jurisdictions Experienced management and geological team with track record of success Cash in bank THOR is Leveraged for Exploration
Slide 25: 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 25