Thor Energy Plc · LSE:THR
Thor Energy — Investor Presentation (March 2025)
21 slides from Thor Energy's investor presentation, March 2025
Slide 1: HY-Range Project Prospective Resources
HY-Range Project Prospective Resources Natural Hydrogen and Helium in South Australia March 2025 AIM / ASX: THR OTCQB: THORF
Slide 2: Disclaimer, legal notice and competent person statement
Overview Projects Next Steps Disclaimer, legal notice and competent person statement Disclaimer Unrisked Recoverable Prospective Resources on RSEL 802 Hydrogen Helium This presentation contains projections and forward-looking information that involve various risks and 1U 2U 3U 1U 2U 3U uncertainties
Slide 3: HY-Range Project
Overview Projects Next Steps HY-Range Project Thor Energy plc is an exploration company focusing on natural hydrogen and helium exploration • Flagship project: Hy-Range, South Australia • Target resources: hydrogen, helium • 1 of only 3 granted hydrogen and helium exploration licences in Gawler Crat
Slide 4: Investment Opportunity
Overview Projects Next Steps Investment Opportunity THEMATIC THEMATIC Exposure to industry pivot from manufactured “Green” to Natural Hydrogen, & economically scarce helium MACRO Recent significant increase in global investment and exploration activities largely focused on USA & Europe REGIONAL REGI
Slide 5: Corporate Snapshot
Overview Projects Next Steps Corporate Snapshot Capital Structure Top 10 Shareholders – 53.1% ASX & AIM Ticker THR BLACK LANTERN OTC Ticker THORF INVESTMENTS PTY LTD 2.08% TRENT SPRY Share Price price (23.03.25) 1.2c/0.7p 2.66% THE BANK OF NEW YORK Market Capitalisation A$11.7m/£7m 3.51% (NOMINEES)
Slide 6: Thor Energy Team
Overview Projects Next Steps Thor Energy Team ANDREW HUME ALASTAIR CLAYTON LINCOLN MOORE TIM ARMSTRONG Managing Director Executive Chairman Non-Executive Director Non-Executive Director Andrew has 27 years in Oil and Gas E&P Alastair has nearly 30 years in finance Lincoln is highly experienced in Ti
Slide 7: Why South Australia?
Overview Projects Next Steps Why South Australia? Exploring for natural hydrogen and helium Geographic benefits of South Australia HY-Range (RSEL 802) is a world-class hydrogen and • Greatest concentration of natural hydrogen helium project in South Australia comprising: projects in Australia • 1 of
Slide 8: Market Opportunity
Overview Projects Next Steps Market Opportunity Natural hydrogen: • Demand projected to reach almost 600 million tonnes Export s Heat Tra nsport Che mical Feedstock pa by 2050* Storage • No natural hydrogen and little large-scale hydrogen production in Australia • Market diversity: Clean energy prod
Slide 9: HY-Range Licence – RSEL 802
HY - Range Licence – RSEL 802 PEL A 7 13 PEL A 7 12 1Tcf Hydrogen 115Bcf Helium P50 prospective on-block resource PEL A 6 98 estimate PEL A 7 09 PEL A 6 97 Strategically located close to potential RSEL 802 markets PEL A 7 13 Adelaide ASX / AIM: THR 9
Slide 10: HY-Range (RSEL 802) - Independent Resource Assessment
Overview Projects Next Steps HY-Range (RSEL 802) - Independent Resource Assessment Analysis highlights significant resource potential Unrisked Recoverable Prospective Resources on RSEL 802 Hydrogen (Bcf) Helium (Bcf) 1U 2U 3U 1U 2U 3U RSEL 802 (net) 275 1,050 3,511 25 115 427 Thor (net) 221 842 2,81
Slide 11: A premier location - RSEL 802
Overview Projects Next Steps A premier location - RSEL 802 A Northern RSEL 802 A’ Licence RSEL 802 P ELA 713 Dominantly fold-thrust related • Hydrogen and helium exploration rights P ELA 712 traps of the Adelaide Geosyncline • Immediately adjacent to Adelaide and other markets P ELA 698 A Fold T hru
Slide 12: Rich portfolio with play and H2 generation diversity
Overview Projects Next Steps Rich portfolio with play and H2 generation diversity Geological Sweet Spot Hydrogen Generation Migration and Basement Prospectivity Fold and Thrust Prospectivity Geological province Thorium, Uranium radiation Frogtech Seebase Adelaide Geosyncline PELA 713A Stewart PELA 7
Slide 13: Early market entry, poised for success
Overview Projects Next Steps Early market entry, poised for success 1 of only 3 granted hydrogen and helium exploration licenses in Gawler Craton – Adelaide Geosyncline fairway Licencing: • Most of SA acreage is licensed or applications lodged RSEL 802 • Three licenses (RSEL/PEL) awarded in natural
Slide 14: Excellent local distribution infrastructure and market
Overview Projects Next Steps Excellent local distribution infrastructure and market 100km 0 50 100 Hydrogen markets Helium markets C • SA has invested heavily in hydrogen • Australian Government strategic intent to infrastructure to support local and export secure native helium production markets. •
Slide 15: HY-RANGE Project: Catalysts for Newsflow
Overview Projects Next Steps HY-RANGE Project: Catalysts for Newsflow Company exploration timeline in 2025/26 PEL 120 PEL 120 RSEL 802 RSEL 802 RSEL 802 HY-RANGE RISC independent Licence conversion Geochemical survey Geochemical and/or Exploration/ (RSEL 802) resource assessment to RSEL 802 (Q2 2025
Slide 16: Project Investment Case
Overview Projects Next Steps Project Investment Case Approved licence Natural hydrogen and Highly prospective 1 of only 3 granted in key SA helium focus hydrogen and helium project H/He fairway. Early mover advantage in a Significant resource potential, growing sector independently confirmed Favoura
Slide 17: Thank You
Thank You AIM / ASX: THR OTCQB: THORF Andrew Hume Managing Director investors@thorenergyplc.com www.thorenergyplc.com X: @ThorEnergyPLC ASX / AIM: THR Appendices to Follow
Slide 18: Other Minerals Portfolio as of March 2025
Overview Projects Next Steps Other Minerals Portfolio as of March 2025 Australia: USA: • Alford – Copper, gold, rare-earth minerals • Targeting uranium and vanadium in Uravan Mineral Belt • Kapunda – Copper • 3 projects in Utah and Colorado • Molyhil – Tungsten (JV with Investigator Resources) • 100
Slide 19: Thor Hydrogen and Helium Portfolio, South Australia
Overview Projects Next Steps Thor Hydrogen and Helium Portfolio, South Australia PELA 698, 712 – SECOND BIDDER PELA 713(A&B) Applications (2022) for two new exploration permits Application (2022) for 2 new exploration sub-permit • Acreage currently held by other parties multiple potential hydrogen s
Slide 20: Additional Information
Overview Projects Next Steps Additional Information thorenergyplc.com 20
Slide 21: Thor Energy Plc acquisition of Go Exploration
Overview Projects Next Steps Thor Energy Plc acquisition of Go Exploration • Thor acquisition for 80.2% of Go Exploration Pty Ltd • Go Exploration owned 100% of the HY-Range Project • The deal closed on 15 February 2025 • Settled in ~A$3.5m shares, no cash paid • Vendors are industry players taking