Thor Energy Plc · LSE:THR
Thor Energy — Shareholder Meeting (November 2023)
17 slides from Thor Energy's shareholder meeting presentation, Nov 30, 2023
Slide 1: AGM Presentation - New Green Economy: Uranium Focus
For personal use only AGM Presentation New Green Economy: Uranium Focus 29 November 2023 Nicole Galloway Warland 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 Disclaimer This presentation contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can incl
Slide 3: Uranium: Global Demand with Strong Spot Price Increase
OVERVIEW PROJECTS NEXT STEPS Uranium: Global Demand with Strong Spot Price Increase For personal use only Uranium spot price at a 15-year high above US$80/lb - a 60% increase since the start of 2023 Key Drivers in uranium and nuclear growth are: § Environment – No Net Zero without Nuclear § Electrif
Slide 4: Uranium - Colorado & Utah, USA
For personal use only Uranium Colorado & Utah, USA
Slide 5: Project Locations
OVERVIEW PROJECTS NEXT STEPS Project Locations For personal use only § Uravan Mineral Belt, Utah and Colorado, USA § 3 Projects – 100% owned by Thor Energy PLC § Wedding Bell, Colorado § Radium Mountain, Colorado § Vanadium King, Utah Only licensed uranium and vanadium processing facility in the USA
Slide 6: Investment Highlights - USA Uranium Exposure
OVERVIEW PROJECTS NEXT STEPS Investment Highlights - USA Uranium Exposure For personal use only Geopolitical – USA national supply security USA is the largest consumer of uranium in the world (~28%) Projects in proven mining jurisdictions - Utah and Colorado, USA “High-grade” sandstone hosted, shall
Slide 7: Environment Social Governance (ESG) – Social Licence to Operate
OVERVIEW PROJECTS NEXT STEPS Environment Social Governance (ESG) – Social Licence to Operate For personal use only Committed to building enduring relationships, built on mutual respect, active partnerships and long-term commitment Community Networking Events Local Exploration Team with Local Sponsor
Slide 8: Successful Maiden Drilling Program in 2022
OVERVIEW PROJECTS NEXT STEPS Successful Maiden Drilling Program in 2022 For personal use only Assays Validate Downhole Gamma and Highlight Vanadium Enriched HaloProspects Colorado 22WBRA14 1.5m @ 1776ppm V2O5 from 59.4m 0.3m @ 720ppm eU3O8 from 59.7m 22WBRA012A 0.3m @ 1400ppm eU3O8, from 85m and 1.5
Slide 9: Airborne Magnetic and Radiometric Surveys 2023
OVERVIEW PROJECTS NEXT STEPS Airborne Magnetic and Radiometric Surveys 2023 For personal use only § Helicopter-borne surveys over all 3 project areas § Designed to expedite exploration § First high-resolution survey over the project areas § Uranium anomalies defined new targets and extensions to kno
Slide 10: Drilling Program Completed – Final Gamma Results Pending
OVERVIEW PROJECTS NEXT STEPS Drilling Program Completed – Final Gamma Results Pending For personal use only Wedding Bell/Radium Mountain § 23 shallow drillholes totalling 2,737m § Downhole gamma logging returns up to 3,186ppm eU3O8 uranium at Rim Rock Mine § Downhole gamma logging pending for Ground
Slide 11: Copper Projects - South Australia
OVERVIEW PROJECTS NEXT STEPS For personal use only Copper Projects South Australia 07
Slide 12: Copper in South Australia
OVERVIEW PROJECTS NEXT STEPS Copper in South Australia For personal use only Colorado Prospects Objective § Production of copper (with some gold credits) using low- impact In-Situ Recovery (ISR) techniques with a very small environmental footprint § Protect the environment with economic opportunitie
Slide 13: Alford East - High Grade REE Results
OVERVIEW PROJECTS NEXT STEPS Alford East - High Grade REE Results (TREO 500ppm Cut-off) For personal use only Hole ID From (m) To (m) Interval TREO % TREO ppm MREO ppm Colorado HREO ppm % HREO to TREO Prospects Cu % 21AEDD005 6.3 43 36.7 0.16 1577 399 662 42 1.20 including 17.8 23.8 6 0.31 3077 776
Slide 14: Fleet Space Technologies Collaboration
OVERVIEW PROJECTS NEXT STEPS Fleet Space Technologies Collaboration For personal use only § Fleet and Thor form collaborative partnership Deeply weathered “trough” structure that (AIM/ASX: 4 September 2023) hosts oxide copper- § ANT surveys gold & REE § 3D Modeling with AI and ML combining all data
Slide 15: Next Steps
For personal use only Next Steps Colorado Wedding News Bell Flow Project
Slide 16: Summary and Outlook
OVERVIEW PROJECTS NEXT STEPS Summary and Outlook For personal use only Key workstreams and upcoming news flow: Uranium Focus Uranium Projects, USA - Wedding Bell and Radium Mountain drilling § Uranium & vanadium assay results Projects in proven mining jurisdiction Vanadium King § Drilling 2024 Monet
Slide 17: Thank You
For personal use only Thank You Nicole Galloway Warland nicole@energyplc.com Australian Office AIM/ASX: THR OTCQB: THORF