Thor Energy PLC · LSE:THR
Thor Energy — PDAC 2023
23 slides from Thor Energy's conference presentation, Mar 7, 2023
Slide 1: Powering the Future: Exploration of Uranium and Copper in Australia and the USA
PDAC 2023 - Australia Minerals Tuesday 7 March 2023 Nicole Galloway Warland Managing Director AIM/ASX: THR OTCQB: THORF Powering the Future: Exploration of Uranium and Copper in Australia and the USA
Slide 2: Disclaimer, legal notice and competent person statement
OVERVIEW PROJECTS NEXT STEPS Disclaimer, legal notice and competent person statement 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 o
Slide 3: Thor Energy: Targeted exploration focus
OVERVIEW PROJECTS NEXT STEPS Thor Energy:Targeted exploration focus Near-term and highest value projects Energy Metals – South Australia (SA) and Western Australia (WA) Copper/Gold/Lithium – Australia q Global demand for copper increasing with electrification and renewables q Interest in three advan
Slide 4: Energy Metals and Uranium: Global demand
OVERVIEW PROJECTS NEXT STEPS Energy Metals and Uranium: Global demand Environment World is transitioning to ‘greener’ economy - more than 130 countries have set net zero carbon emission targets by 2050 Copper Uranium Global demand predicted to grow up to 10x by 2050 Global demand § Electronics § Ele
Slide 5: Copper Projects South Australia
OVERVIEW PROJECTS NEXT STEPS Copper Projects South Australia 07
Slide 6: Copper in South Australia
OVERVIEW PROJECTS NEXT STEPS Copper in South Australia Colorado Prospects Geology South Australia has substantial near surface oxidised copper mineralisation, usually malachite or azurite trending at depth to readily leachable chalcocite above primary chalcopyrite Leachable gold can also be also pre
Slide 7: In Situ Copper Recovery (ISCR)
OVERVIEW PROJECTS NEXT STEPS In Situ Copper Recovery (ISCR) § ESG – Favourable alternative to traditional mining Colorado Prospects § Low-cost / low environmental impact metal production § Chemical process rather than a high-cost mining operation (no large pit / no crushing or grinding / no waste du
Slide 8: Alford East Copper-Gold Project: High grade results
OVERVIEW PROJECTS NEXT STEPS Alford East Copper-Gold Project: High grade results § Broad high-grade copper-gold results (>500ppm) – ideal for ISCR Colorado Prospects § Diamond drilling Phase 1 results included: § 21AED005: 72.7m @ 1.0 % Cu and 0.19g/t Au from 6.3m, including 18.2m @ 2.0% Cu and 0.34
Slide 9: Ragged Range Project Western Australia
OVERVIEW PROJECTS NEXT STEPS Ragged Range Project Western Australia
Slide 10: Ragged Range – Pilbara, WA
OVERVIEW PROJECTS NEXT STEPS Ragged Range – Pilbara, WA Location Located in an area of proven gold and lithium production with significant resource potential Geology East Pilbara Granite-Greenstone Terrane, Archean Pilbara Craton 100% control of the Kelly’s Greenstone Belt (KGB) Gold: § Proximity to
Slide 11: Unexplored terrain
OVERVIEW PROJECTS NEXT STEPS Unexplored terrain Greenfields exploration area within fertile greenstone belt. Only very limited exploration since the early 1970’s despite many gold and lithium discoveries nearby. Structural controls are similar to other areas with gold mines now in production Activit
Slide 12: Prospective for Gold, Lithium, Nickel and Copper
OVERVIEW PROJECTS NEXT STEPS Prospective for Gold, Lithium, Nickel and Copper 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 up to 74.1g/t Au, in BLEG sa
Slide 13: USA Uranium
OVERVIEW PROJECTS NEXT STEPS USA Uranium 07
Slide 14: Overview
OVERVIEW PROJECTS NEXT STEPS Overview Location § Located in Uravan Mineral Belt, Utah and Colorado, USA § Three projects – 100% owned by Thor a) Wedding Bell, Colorado b) Radium Mountain, Colorado c) Vanadium King, Utah § Nearby processing plant with available capacity for toll treatment of uranium
Slide 15: “Saltwash” style Uranium and Vanadium
OVERVIEW PROJECTS NEXT STEPS “Saltwash” style Uranium and Vanadium Geology § “Saltwash Style” - sandstone filled paleochannels hosting uranium and vanadium § Laterally extensive deposits, hosted mainly in the Salt Wash member of the Morrison Formation (Jurassic) § Mineralisation can be traced along
Slide 16: Drilling confirms shallow uranium mineralisation
OVERVIEW PROJECTS NEXT STEPS Drilling confirms shallow uranium mineralisation Colorado Prospects § Drilling confirms shallow uranium mineralisation at three prospects, with results including: (ASX/AIM 22 December 22): § Rim Rock § 0.3m @ 720ppm eU3O8 from 59.7m (22WBRA014) Groundhog § 2.1m @ 360ppm
Slide 17: Future Growth
OVERVIEW PROJECTS NEXT STEPS Future Growth
Slide 18: On ground exploration activities
OVERVIEW PROJECTS NEXT STEPS On ground exploration activities Wedding Bell Alford East Ragged Range Uranium- USA Copper Gold – South Australia Copper/Gold/Lithium- Wedding Bell, Radium Mountain Alford East Western Australia and Vanadium King § Hydrometallurgical studies (column test Ragged Range, Pi
Slide 19: Summary and Investment Opportunity
OVERVIEW PROJECTS NEXT STEPS Summary and Investment Opportunity Uranium-Copper-Gold - high value commodities with favourable fundamentals Mining friendly jurisdictions – no sovereign risk Strong pipeline of targets to follow-up Divestment opportunities Experienced Board and management 18
Slide 20: ISR Video: explainer
OVERVIEW PROJECTS NEXT STEPS ISR Video: explainer 19
Slide 21: Experienced Board and management
OVERVIEW PROJECTS NEXT STEPS Experienced Board and management Uranium and Energy Metal exploration and development expertise Alastair Clayton Nicole Galloway Warland Mark McGeough Ray Ridge Chairman Non-Executive Managing Director Non-Executive Director CFO & Joint Company Secretary More than 30 yea
Slide 22: Corporate snapshot
OVERVIEW PROJECTS NEXT STEPS Corporate snapshot AIM/ASX code THR OTCQB code THORF Market cap A$14 Cash (30 Dec 2022) A$2.7M Debt NIL Strong corporate position with focus on advancing projects towards discovery and development success – creating shareholder value Bachelor Mine – Historic Uranium Work
Slide 23: Thank You
Thank You AIM/ASX: THR OTCQB: THORF nicole@energyplc.com