THOR EXPLORATIONS LTD (THX) — Q1 2026 Results update

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the THOR EXPLORATIONS LTD investor presentation. Throughout today's recorded presentation, attendees will be in listen only mode. Questions are encouraged and can be submitted via the q and a tab situated on the right hand side of your screen. Before we begin, I'd just like to submit the following poll, which I kindly ask you to submit your responses to. I'd now like to hand over to CEO, Shagan Lawson. Shagan, good afternoon. Good afternoon, Jack. Thank you. I'm pleased to be here to talk through our Q1 twenty twenty six financial and operating results. Welcome, everyone. We have a disclaimer here. There are some forward looking statements here, and this can be read in detail on our website. I will start with my usual overview of the company for any new joiners that might be here. THOR EXPLORATIONS is a West Africa focused gold producing company. We're advancing projects in three countries. We have our flagship project in Nigeria, the Sagalala Gold Mine, which we're now in our fifth calendar year of production after producing roundabout 92,000 ounces last year. We've just completed our first quarter, and we poured just over 20,000 ounces of gold. In Senegal, we have our advanced Duta project, which we have continued to grow in terms of land position and equity stake in. We now have a 100% stake in the Duta project after buying out our minority equity partners in this project. We're very excited by this project. We completed and filed the preliminary feasibility study in the current period, q one, which we're reporting, which demonstrated some very strong economics with a project NPV of $908,000,000, 5% NPV as of using $3,500 gold price pretax. The project has grown to a mineral reserve of 1,200,000 ounces at a grade of just over one gra...