Thor Energy Plc · LSE:THR
Thor Energy — Master Investor Conference 2022
32 slides from Thor Energy's conference presentation, Mar 21, 2022
Slide 1: Master Investor Conference
For personal use only Master Investor Conference 19 March 2022 AIM/ASX: THR Nicole Galloway Warland, OTCQB: THORF Managing Director
Slide 2: Disclaimer, legal notice and competent person statement
OVERVIEW PROJECTS NEXT STEPS Disclaimer, legal notice and 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, furthe
Slide 3: Exploring for high-value commodities in global demand
OVERVIEW PROJECTS NEXT STEPS Exploring for high-value commodities in global demand For personal use only Diverse portfolio Lithium/Gold – Australia ▪ Ragged Range Project, Pilbara WA ▪ Highly prospective lithium targets ▪ Surface geochemistry defined robust gold anomalies along structurally controll
Slide 4: Corporate snapshot
OVERVIEW PROJECTS NEXT STEPS Corporate snapshot For personal use only AIM/ASX code THR OTCQB code THORF Market cap £14.6M Cash (December 2021) £1.6M Debt NIL Top 20 shareholders 56.7% Directors interest 0.29% Strong corporate position with focus on advancing projects towards discovery and developmen
Slide 5: Investment case
OVERVIEW PROJECTS NEXT STEPS Investment case For personal use only Poised for significant growth Focused on mineral discoveries for our future – battery and critical minerals Project portfolio in proven mining jurisdictions; Australia and the USA Under-explored tenure highly prospective for lithium,
Slide 6: Board and management
OVERVIEW PROJECTS NEXT STEPS Board and management For personal use only Mark Potter Nicole Galloway Warland Mark McGeough Alastair Clayton Ray Ridge Chairman Non-Executive Managing Director Non-Executive Director Non-Executive Director CFO, Joint Company Secretary Over 15 years’ experience in More t
Slide 7: Current activities – exploration drilling
OVERVIEW PROJECTS NEXT STEPS Current activities – exploration drilling For personal use only Gold/Lithium/Nickel – Western Australia Ragged Range, Pilbara ▪ RC drilling - Sterling Gold Prospect ▪ Regional exploration – lithium, nickel and copper Copper – South Australia Ragged Range Alford East ▪ Al
Slide 8: Ragged Range
OVERVIEW PROJECTS NEXT STEPS For personal use only Ragged Range
Slide 9: Ragged Range – Pilbara, WA
OVERVIEW PROJECTS NEXT STEPS Ragged Range – Pilbara, WA For personal use only Location Located in area of proven gold and lithium production with significant resource potential Geology East Pilbara Granite-Greenstone Terrane, Archean Pilbara Craton Gold: ▪ Proximity to large scale gold deposits in s
Slide 10: Prospective for gold, copper, nickel & lithium
OVERVIEW PROJECTS NEXT STEPS Prospective for gold, copper, nickel & lithium For personal use only 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 (74.1g/t
Slide 11: Lithium prospectivity
OVERVIEW PROJECTS NEXT STEPS Lithium prospectivity For personal use only Prospectivity for lithium–caesium-tantalum enriched (LCT) pegmatites Associated with Split Rock Supersuite (2.85Ma- 2.83) Host to world class spodumene deposits at Wodgina - largest hard rock lithium deposit in the world (Miner
Slide 12: Lithium targets
OVERVIEW PROJECTS NEXT STEPS Lithium targets For personal use only Significant coverage of prospective ground adjacent to Split Rock Supersuite (2.85Ma- 2.83) within tenure Priority targets identified: 1) This NE corner of E46/1262 is potentially a roof zone of the Mondana Monzogranite making it the
Slide 13: Sterling Gold Prospect
OVERVIEW PROJECTS NEXT STEPS Sterling Gold Prospect For personal use only ▪ Maiden RC drilling program - completed ▪ Testing robust geochemical anomalies (soils and streams), associated with regional mafic/ultramafic faulted contact ▪ First phase highlighting sericite-pyrite- fuchsite alteration sys
Slide 14: Nickel Gossan
OVERVIEW PROJECTS NEXT STEPS Nickel Gossan For personal use only High Tenor Nickel/Chrome Chip Samples ▪ Gossan extends approximately 1km x 100m within mapped komatiites, located at probable basal contact with Felsic Volcanics ▪ Originally identified by GSWA with 0.11% Ni ▪ Peak value of 0.27% Ni wi
Slide 15: Next steps
OVERVIEW PROJECTS NEXT STEPS Next steps For personal use only Follow up drilling at Sterling Prospect completing the planned program and targeting the fault contact in the area between Sterling Central and Sterling South In parallel to the gold exploration activities at the Sterling Prospect, the fo
Slide 16: Copper Projects
OVERVIEW PROJECTS NEXT STEPS For personal use only Copper Projects 07
Slide 17: Copper - SA
OVERVIEW PROJECTS NEXT STEPS Copper - SA For personal use only Projects ▪ Alford East – JV Farm-in earning 80% direct interest EnviroCopper Limited (ECL) – Thor holds 30% Equity Interest: ▪ Kapunda – ECL earning a 75% interest ▪ Alford West – ECL earning a 75% interest Geology ▪ Substantial near sur
Slide 18: In-Situ Recovery copper-gold
OVERVIEW PROJECTS NEXT STEPS In-Situ Recovery copper-gold For personal use only ESG – Favourable alternative to traditional mining 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
Slide 19: Alford East copper-gold
OVERVIEW PROJECTS NEXT STEPS Alford East copper-gold For personal use only Geology ▪ Substantial near surface oxidised copper mineralisation ▪ Historic drilling – targeting primary IOCG mineralisation Inferred mineral resource estimation ▪ 177,000t of contained copper and 71,500oz of contained gold
Slide 20: Broad high-grade results
OVERVIEW PROJECTS NEXT STEPS Broad high-grade results For personal use only Broad high-grade copper-gold results – ideal for ISR Diamond drilling Phase 1 completed (ASX: THR 31 August 2021) ▪ 21AED005: 72.7m @ 1.0 % Cu and 0.19g/t Au from 6.3m, including: 18.2m @ 2.0% Cu and 0.34g/t Au ▪ 21AED001: 3
Slide 21: Clear pathway to copper development and production
OVERVIEW PROJECTS NEXT STEPS Clear pathway to copper development and production For personal use only 2022 2023 2024 Continuous Stakeholder and Community Engagement Kapunda Site Environmental Lixiviant Test Feasibility Study and Development ISR Copper Production Alford East In ground Hydrometallurgi
Slide 22: Uranium - Vanadium
OVERVIEW PROJECTS NEXT STEPS For personal use only Uranium - Vanadium 07
Slide 23: Vanadium King, Wedding Bell, Radium Hill – Uranium-Vanadium
OVERVIEW PROJECTS NEXT STEPS Vanadium King, Wedding Bell, Radium Hill – Uranium-Vanadium For personal use only Location ▪ Located SE Utah and SW Colorado USA - Uravan Mineral Belt Geology ▪ “Saltwash Style” - Sandstone filled paleochannels hosting uranium and vanadium ▪ Field sampling returned high
Slide 24: Global demand for critical minerals
OVERVIEW PROJECTS NEXT STEPS Global demand for critical minerals For personal use only Drilling program – permitting underway BLM & Environmental surveys completed County permits in progress Drilling to target high grade uranium and vanadium mineralisation along strike at 3 areas: ▪ Rim Rock ▪ Groun
Slide 25: Molyhil
OVERVIEW PROJECTS NEXT STEPS For personal use only Molyhil
Slide 26: Global demand for critical minerals
OVERVIEW PROJECTS NEXT STEPS Global demand for critical minerals For personal use only TUNGSTEN MOLYBDENUM COPPER ▪ A strategic and supply constrained ▪ New supply restrictions and ▪ Supply demand growth driven by commodity demand growth ‘green’ energy ▪ Unique properties ensure no ▪ High melting po
Slide 27: Molyhil - NT – tungsten, molybdenum, copper
OVERVIEW PROJECTS NEXT STEPS Molyhil - NT – tungsten, molybdenum, copper For personal use only Location ▪ Northern Territory, Australia – 320km east of Alice Springs Geology ▪ Two adjacent magnetite skarn bodies with economic mineralization of scheelite, molybdenite and chalcopyrite History ▪ High g
Slide 28: New discovery
OVERVIEW PROJECTS NEXT STEPS New discovery For personal use only ▪ Over 45m of tungsten-molybdenum-copper mineralisation hosted within massive magnetite skarn – 21MHDD002 (ASX 23 November 2021) ▪ New discovery – offset extension to the south of Molyhil deposit ▪ NTGS – co-funded drilling program $11
Slide 29: Next Steps
OVERVIEW PROJECTS NEXT STEPS For personal use only Next Steps
Slide 30: News flow – leveraged for success
OVERVIEW PROJECTS NEXT STEPS News flow – leveraged for success For personal use only Focussed on copper resources, plus lithium, nickel gold Wedding Bells-Uranium and Vanadium Project, USA: & uranium discoveries RC drilling subject to drill permits Ragged Range Project, Pilbara, Western Australia: L
Slide 31: Summary
OVERVIEW PROJECTS NEXT STEPS Summary For personal use only Exploring for high value commodities in global demand Projects in proven mineralised terranes Year-round news flow Strong pipeline of targets to follow-up Well-funded Experienced Board and management 30
Slide 32: Thank You
Thank You AIM/ASX: THR For personal use only nicole@thormining.com