Thor Energy Plc · LSE:THR
Thor Energy — Shareholder Meeting (November 2022)
17 slides from Thor Energy's shareholder meeting presentation, Nov 18, 2022
Slide 1: Annual General Meeting
Annual General Meeting For personal use only 17 November 2022 Nicole Galloway Warland, Managing Director 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 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: 2022 - Targeted exploration focus
OVERVIEW PROJECTS NEXT STEPS 2022 - Targeted exploration focus For personal use only Near-term and highest value projects USA Uranium Exposure Uranium and Vanadium – Utah and Colorado, USA ▪ Three 100% owned assets in a proven mining region ▪ Uranium demand driven by US desire to secure supply secur
Slide 4: USA Uranium
OVERVIEW PROJECTS NEXT STEPS For personal use only USA Uranium 07
Slide 5: Favourable uranium fundamentals
OVERVIEW PROJECTS NEXT STEPS Favourable uranium fundamentals For personal use only Uranium prices should continue measured increase to above US$70/lb by 2023: Bank of America1 Global Demand Supply Chain ▪ Electrification ▪ Geopolitical uncertainty (USA imported ~49% of total deliveries from Russia ▪
Slide 6: USA uranium exposure
OVERVIEW PROJECTS NEXT STEPS USA uranium exposure For personal use only Geopolitical – USA national supply security USA is the largest consumer of uranium in the world (~28%) Climate change initiatives - Nuclear ‘green’ energy is a “carbon free” base load energy source “High grade” sandstone hosted,
Slide 7: Overview
OVERVIEW PROJECTS NEXT STEPS Overview For personal use only Location ▪ Located in Uravan Mineral Belt, Utah and Colorado, USA ▪ 3 Projects – 100% owned by Thor ▪ Wedding Bell, Colorado ▪ Radium Mountain, Colorado ▪ Vanadium King, Utah ▪ Nearby processing plant with available capacity for toll treatm
Slide 8: Shallow high-grade drill targets
OVERVIEW PROJECTS NEXT STEPS Shallow high-grade drill targets For personal use only Drilling program underway Colorado Prospects ▪ Targeting the Salt Wash Sandstone ▪ Drilling to intersect high-grade uranium and vanadium mineralisation along strike at 3 areas: ▪ Rim Rock ▪ Groundhog ▪ Section 23 ▪ S
Slide 9: Ragged Range
OVERVIEW PROJECTS NEXT STEPS For personal use only Ragged Range
Slide 10: 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 100% control of the Kelly’s Greenstone Belt (KGB) G
Slide 11: Prospective for gold, lithium, nickel and copper
OVERVIEW PROJECTS NEXT STEPS Prospective for gold, lithium, nickel and copper For personal use only Gold-Copper - Kelly’s Prospect ▪ Drilling intercepted 4m @ 12.2g/t Au (AIM/ASX:THR 4 November 2022) ▪ High grade rock chip samples – up to 15.5g/t Au and 535g/t Ag above historic drill intercept 1.52m
Slide 12: High-grade gold intercepted at Kelly's Prospect
OVERVIEW PROJECTS NEXT STEPS High-grade gold intercepted at Kelly’s Prospect For personal use only Drilling ▪ 2000m RC program – completed (ASX/AIM:THR 4 November 22) ▪ Initial drilling returns high-grade results – up to 4m @ 12.2g/t Au ( ▪ Drilling is designed to drill below rock chip samples retur
Slide 13: Other significant assets
OVERVIEW PROJECTS NEXT STEPS Other significant assets For personal use only Copper - Australia (3 projects) ▪ OZ Minerals investing A$2.5M into ECL’s Kapunda ISR Project. Thor holds 30% interest in ECL ▪ Alford East - Broad ‘high-grade’ intercepts (ASX/AIM:THR 31 August 2021) ▪ Drill Hole 21AED005:
Slide 14: Future Growth
OVERVIEW PROJECTS NEXT STEPS For personal use only Future Growth
Slide 15: On ground exploration activities
OVERVIEW PROJECTS NEXT STEPS On ground exploration activities For personal use only Wedding Bell Ragged Range Uranium-Vanadium - Colorado, USA Gold/Lithium/Nickel - Western Australia Wedding Bell, Colorado, USA - September 2022 Ragged Range, Pilbara ▪ Drilling program underway at 3 priority prospect
Slide 16: Summary and Outlook
OVERVIEW PROJECTS NEXT STEPS Summary and Outlook For personal use only USA uranium opportunity and favourable fundamentals Key workstreams and upcoming news flow High Value, multi-commodity exposure Uranium Project, USA: Downhole Gamma Rotary drilling results - shallow high-grade targets Projects in
Slide 17: Thank You
Thank You AIM/ASX: THR For personal use only nicole@thormining.com