Slide 1: SAEMC Presentation – Alford East: accelerating exploration with Fleet Space Technologies
For personal use only SAEMC Presentation Alford East: accelerating exploration with Fleet Space Technologies 1 December 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 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: Focused on Uranium and Energy Metals – Transitioning to Green Economy
OVERVIEW PROJECTS NEXT STEPS Focused on Uranium and Energy Metals – Transitioning to Green Economy For personal use only Energy Metals - Copper REE Projects: ▪ Alford East ▪ Alford West- EnviroCopper Limited (ECL) – Thor 30% Equity Interest ▪ Kapunda – OZ Minerals (now BHP) investing A$2.5M into ECL
Slide 4: In Situ Recovery (ISR)
OVERVIEW PROJECTS NEXT STEPS In Situ Recovery (ISR) For personal use only ▪ ESG – Favourable alternative to traditional mining Colorado Prospects ▪ Low-cost / low environmental impact metal production ▪ Hydrometallurgical process rather than a high-cost mining operation (no large pit / no crushing o
Slide 5: Environment Social Governance (ESG) – Social License to Operate
OVERVIEW PROJECTS NEXT STEPS Environment Social Governance (ESG) – Social License to Operate For personal use only Committed to building enduring relationships, built on mutual respect, active partnerships and long-term commitment Community Networking Events Strong positive landholder engagement Env
Slide 6: Alford Copper Belt
OVERVIEW PROJECTS NEXT STEPS Alford Copper Belt For personal use only Source: http://saemc.com.au/archive/2017/17drown.pdf ▪ Alford Copper belt is a semi-coherent zone of oxide copper- gold mineralization within structurally controlled troughs of highly kaolinised, oxidised metasomatite, adjacent to
Slide 7: Broad copper and high grade REE results
OVERVIEW PROJECTS NEXT STEPS Broad copper and 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 7
Slide 8: Accelerating Exploration
OVERVIEW PROJECTS NEXT STEPS For personal use only Accelerating Exploration 07
Slide 9: 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 10: Ambient Noise Tomography (ANT)
Ambient Noise Tomography (ANT) For personal use only Advanced ambient seismic array technology Ambient Noise – waves, weather, man-made activities Image under cover up to 2.5km Satellite-enabled real-time data Near-Zero ESG Impact 9
Slide 11: Ambient Noise Tomography to New geological 3D Model
OVERVIEW PROJECTS NEXT STEPS Ambient Noise Tomography to New geological 3D Model For personal use only 6 Integrated 3D Model Combining Thor’s 3D geological Model “Our objective is to partner with you to increase your geologic understanding.” 10
Slide 12: Surveys - Rapid deployment of geodes, global satellite coverage, minimal impact
OVERVIEW PROJECTS NEXT STEPS Surveys - Rapid deployment of geodes, global satellite coverage, minimal impact For personal use only Survey 1 Survey 2 Survey Details ▪ 2 surveys each comprising 96 Geodes ▪ Geodes deployed for 1-2 weeks sending real time data to satellite ▪ Survey 1: 120m spacing, 500m
Slide 13: Processing and Preliminary 3D Model
OVERVIEW PROJECTS NEXT STEPS Processing and Preliminary 3D Model For personal use only Vibrations travelling in northeast direction 12
Slide 14: Next Step-Integrating Thor's 3D geological model with ANT 3D model
OVERVIEW PROJECTS NEXT STEPS Next Step-Integrating Thor’s 3D geological model with ANT 3D model For personal use only ▪ Drilling data (new and historical ) ▪ Regolith & Lithology ▪ Mineralisation ▪ Structural data ▪ Geophysics – gravity & magnetics In Progress 13
Slide 15: 1% Copper correlation with low velocity 'trough'
OVERVIEW PROJECTS NEXT STEPS 1% Copper correlation with low velocity ‘trough’ For personal use only Plan View – 107.5mRL 14
Slide 16: Integration of data
OVERVIEW PROJECTS NEXT STEPS Integration of data For personal use only A A’ A A’ Plan View – 107.5mRL Cross Section – 6257397mN 15
Slide 17: Future Growth
OVERVIEW PROJECTS NEXT STEPS For personal use only Future Growth
Slide 18: Next Steps in the ISR assessment
OVERVIEW PROJECTS NEXT STEPS Next Steps in the ISR assessment For personal use only Hydrometallurgy Alford East ▪ Drill testing newly Identified targets in 3D model ▪ Further pump testing ▪ Hydrometallurgical studies (column test work for copper recovery) Alford West (ECL) ▪ Passive Seismic geophysi
Slide 19: Thank You
For personal use only Thank You Nicole Galloway Warland nicole@energyplc.com Australian Office AIM/ASX: THR OTCQB: THORF