Slide 1: Gossan-Ragged Range Project, WA - RIU Sydney Resources Round-Up
AIM/ASX: THR OTCQB: THORF For personal use only Gossan-Ragged Range Project, WA RIU Sydney Resources Round-Up 4-6 May 2021 Nicole Galloway Warland Managing Director
Slide 2: Disclaimer, Legal Notice & Competent Person Statement
DISCLAIMER, LEGAL NOTICE & 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, further distributed to any other pers
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Diverse Portfolio For personal use only Copper – Australia (Three Projects) • Technical Feasibility Stage • Direct & Indirect Interest in >400,000t Cu • Resource Extension Potential Gold - Australia • Greenfields Exploration Uranium and Vanadium - USA • Brownfields Exploration
Slide 4: Investment Highlights: Diverse Portfolio, Fully Funded 2021 Program
INVESTMENT HIGHLIGHTS Diverse Portfolio Fully Funded 2021 Program For personal use only Copper – Australia (Three Projects) Copper - Australia • Technical Feasibility Stage • Technical Feasibility Stage • Direct & Indirect Interest in >400,000t Cu • Resource Extension Potential • Resource Extension
Slide 5: Corporate Snapshot
CORPORATE SNAPSHOT For personal use only CAPITAL STRUCTURE SHARE PRICE PERFORMANCE (ASX) AIM/ASX Code THR OTCQB Code THORF Market Cap A$23M Cash (April 2021) A$2.1M Debt NIL Top 20 Shareholders 58% Directors Interest 3.5% 5 AIM/ASX: THR OTCQB: THORF
Slide 6: 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 7: 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 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: Significant Contained Copper with Growth Potential
SIGNIFICANT CONTAINED COPPER WITH GROWTH POTENTIAL 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 cu
Slide 10: Drilling to Commence in May
DRILLING TO COMMENCE IN MAY ▪ Inferred Mineral Resource Estimated based solely on historic drilling For personal use only ▪ Significant Growth Potential – along strike and at depth ▪ Diamond drilling to commence May 2021 10 AIM/ASX: THR OTCQB: THORF
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: Over 235,000t of Contained Copper
OVER 235,000t OF CONTAINED COPPER 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 drilling % ▪ Best intersection 95metres @ 3.06g/t Copper Oxide
Slide 13: Why In-Situ Recovery (ISR)
WHY 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 solution process rather than a high-cost traditional mining operation (No large pit / no crushing or grinding / no wa
Slide 14: Clear Pathway to Production
CLEAR PATHWAY TO PRODUCTION For personal use only 2021 2022 2023 KAPUNDA Site Environmental Lixiviant Test Feasibility Study & Development ISR Copper Production ALFORD EAST & WEST Resource Drilling & Pump Testing Site Environmental Lixiviant Test Feasibility Study & Development 14 AIM/ASX: THR OTCQB
Slide 15: Ragged Range Gold – 100% Thor
RAGGED RANGE GOLD – 100% THOR For personal use only LOCATION ▪ 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 16: 13km of Gold Strike Potential
13km OF GOLD STRIKE POTENTIAL For personal use only ▪ 100% control of greenstone belt - Kelly greenstone belt (KGB) ▪ 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, assaye
Slide 17: New Gold Targets Identified in Airborne Magnetic Survey
NEW GOLD TARGETS IDENTIFIED IN AIRBORNE MAGNETIC 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 l
Slide 18: Drilling to Commence June 2021
DRILLING TO COMMENCE JUNE 2021 ▪ Soil Sampling Program completed April 2021 – awaiting assay results For personal use only ▪ Successful WA Government (DMIRS) co-funded drilling grant - $160,000 ▪ RC drilling program to commence June 2021 18 AIM/ASX: THR OTCQB: THORF
Slide 19: US Uranium & Vanadium – 100% Thor
US URANIUM & VANADIUM – 100% THOR LOCATION For personal use only ▪ Located SE Utah & SW Colorado USA – Uravan Mineral Belt ▪ 400km south-west of city of Denver HISTORY ▪ Strong mining heritage dating back to the early 1920’s ▪ historical high-grade uranium & vanadium production INFRASTRUCTURE ▪ Near
Slide 20: Drilling in June
DRILLING IN JUNE For personal use only NEXT STEPS ▪ Drilling Program scheduled to commence June 2021 ▪ Drilling to target high grade uranium and vanadium mineralisation along strike at 3 area: • Rim Rock • Groundhog, and • Section 23 ▪ Section 23 has not been previously tested 20 AIM/ASX: THR OTCQB:
Slide 21: Key Takeaways
KEY TAKEAWAYS STRONG NEWS FLOW OVER THE NEXT THREE MONTHS For personal use only FULLY FUNDED - Focussed on copper resources, plus gold & uranium discoveries…. Drilling – ▪ Ragged Range – gold targets ▪ US Uranium - uranium and vanadium targets ▪ Alford - copper-gold resource extension ▪ Kapunda - co
Slide 22: For Further Information
For further information AIM/ASX: THR For personal use only OTCQB: THORF Thor Mining Plc is an exploration and development company with a diverse portfolio of projects located in Australia and USA. We are focussed on developing copper and tungsten resources and exploration discoveries in gold and ura