Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Https://www.mining.com/encore-energy-commences-uranium-production-at-rosita-plant/
Are you seriously suggesting she travels around for floppy drill experiences?
May be after all this exploration has been a flop they could rename themselves THR travel. She can then continue to jet around the world without having to do any drilling.
I'm thinking Gezz get a grip of that chart
Https://www.lse.co.uk/rns/THR/result-of-agm-tyrojftuw09mcaa.html
https://thorenergyplc.com/investor-updates/notice-of-annual-general-meeting/
Just quickly browsing seems dilution on the ASX.
How much are we holding in POW?
We are trying to sell our gold exploration licences aren't we?
No oneknows
ok cheers....apologies aswell.
Not Thor energy link ...Thor exploration link
Https://www.mining.com/uranium-sector-scrambling-to-fill-supply-gap/
This is how confident our directors are in the project!
https://www.lse.co.uk/rns/THR/directorpdmr-shareholding-e0op7g6s7z8k3q0.html
So a moose pasture then or is it viable, this will drag on for years as better ground is out there in the world yet to be worked
'Can't believe they left out ..."We are very excited..." Standards must be slipping.'
Not really as the word drilling makes up for it.
Whatever the results are is irrelevant . Nothing will happen to the benefit of shareholders. That's just based on their track record since the inception of Thor Mining' back in 2004. The most pressing thing on Nicoles mind at the moment is where she is going to spent her 2 week Xmas vacation. My bet is on Hawaii, paid for courtesy of the mugs who continually cough up at each fund raise
Can't believe they left out ..."We are very excited..." Standards must be slipping.
It's the typical 'lifestyle' exploration company. Just enough reason to drill (and raise funds) on old claims that were not successful in their day. THR are really good at this. They milk each one for all it's worth and then move onto the next one. There's always the finite chance that there is something there and they'll strike it big. It's akin to winning the lottery. So incredibly unlikely. IMO.
‘ Make your own conclusion.’
It won’t make a feasible mine, for if it did, that would have been known and discovered years ago!
And your point is?
Check out the link below on types of Uranium deposits & remember Uranium has been mined in these areas in the past. The economics has vastly improved recently for this type of mining to take place.
https://world-nuclear.org/information-library/nuclear-fuel-cycle/uranium-resources/geology-of-uranium-deposits.aspx#:~:text=Uranium%20deposits%20of%20this%20type,associated%20with%20molybdenum%20and%20fluorite.
In uranium ore deposits, 20 000 ppm (2.0%) U is considered to be high grade while 1000 ppm (0.1%) U and 100 ppm (0.01%) U are considered low and very low grades, respectively. hundred thousand years making it the more intensely radioactive isotope.
Make your own conclusion.
Nicole Galloway Warland, Managing Director of Thor Energy, commented:
"These are significant uranium results, reflecting the high-grade nature of the uranium mineralisation within the Uravan Mineral Belt. With significant results found well above the Uravan Mineral Belt's historical cut-off grade, this drilling program strengthens the project's overall economic outlook. This reaffirms our long-term strategic focus towards the 100% owned USA uranium projects within the Thor portfolio.
"The drilling program is progressing well, with completion anticipated in late November 2023, and we look forward to updating the market with further uranium gamma results upon completion of the drilling program."
PROJECT HIGHLIGHTS
HOA signed with IVR, through its wholly-owned subsidiary Fram Resources Pty Ltd (“Fram”), for Fram’s earn-in and the creation of a new joint venture to accelerate the exploration of the Molyhil tenements.
Fram to earn-in, via a 3-stage process, to 80% interest in the Tenements and acquire Thor’s 40% interest in the Bonya tenement (EL29701).
Fram will provide expenditure for a total value of up A$8m to explore for minerals within the Tenements and manage the joint venture exploration activities. If a Mineral Resource (in accordance with JORC 2012) is defined, the joint venture will develop and exploit such a resource, if it is economically feasible to do so.
Thor to receive up to a total of A$100,000 in cash and A$500,000 of IVR shares through the reduction of its holding in the Tenements, via Fram’s three-stage earn-in, and the sale of Thor’s interest in the Bonya tenement.
If Fram does not complete the required commitments of stage 1 by the agreed commitment date, Fram must pay any shortfall amount of the committed expenditure to Molyhil in order to satisfy the requirements.
The agreement enables Thor to focus on its priority USA Uranium assets and the multi-commodity Ragged Range Project, while retaining an interest in the Molyhil Project.