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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.
Yay, we get to go drilling!
Https://thorenergyplc.com/investor-updates/quarterly-activities-and-cash-flow-report-september-2023/
1) What is happening at Ragged Range we last heard drilling did not match sediment samples!
2).Why did the board insult our intelligence in buying such a small amount of stock, it was derisory and unprofessional!
Unless they have purchased 10 million shares each, we can assume?
Ashtray money as someone said on Hotcopper. Not a good look.
You mean after the next consolidation happens?
I'm not expecting any movement in this SP for another two or three years!
Drilling to commence early 2024 at Alford East by looks of it.
ASX: THR
ASX Announcement
3 October 2023
ANT Geophysical Surveys Commence
Alford East Copper-REE Project, South Australia
The directors of Thor Energy Plc (“Thor” or the “Company”) (AIM, ASX: THR, OTCQB: THORF) are pleased to
announce the commencement of Ambient Noise Tomography (“ANT”) geophysical surveys, in partnership with
Fleet Space Technologies (“Fleet”), at the Alford East Copper-REE Project in South Australia.
Highlights:
▪ Low-impact, ANT surveys are now underway at the Alford East copper-gold Project using EXOSPHERE BY
FLEET® technology (Figure 1).
▪ The ANT surveys are designed to delineate the low-velocity, weathered ‘troughs’ that host the oxide copper-
REE mineralisation within the Alford Copper Belt (Figure 2). They will be completed over the next few weeks.
▪ As part of the collaborative partnership between Thor and Fleet, Fleet will integrate the ANT results with
Thor’s 3D geological model using Artificial Intelligence (“AI”) and Machine Learning (“ML”) to generate a new
model for drill targeting higher-grade oxide copper-gold mineralisation (ASX/AIM: 4 September 23).
▪ Future drilling will be concentrated on these targets, characterised by low seismic velocity, to intersect
higher-grade oxide copper-gold mineralisation hosted in units conducive to the possibility of In-Situ Recovery
(“ISR”).
RNS Number : 2149O
Thor Energy PLC
29 September 2023
29 September 2023
Thor Energy Plc
("Thor" or the "Company")
Results for the year ended 30 June 2023
The directors of Thor Energy Plc (AIM/ASX: THR) are pleased to provide the Company's audited annual financial results for the year ended 30 June 2023.
The annual report will be posted to shareholders shortly.
The Board of Thor Energy Plc has approved this announcement and authorised its release.
For further information on the Company, please visit the website or please contact the following:
Thor Energy Plc
Nicole Galloway Warland, Managing Director
Ray Ridge, CFO / Company Secretary
Tel: +61 (8) 7324 1935
Tel: +61 (8) 7324 1935
WH Ireland Limited (Nominated Adviser and Joint Broker)
Tel: +44 (0) 207 220 1666
Antonio Bossi / Darshan Patel
SI Capital Limited (Joint Broker)
Tel: +44 (0) 1483 413 500
Nick Emerson
Yellow Jersey (Financial PR)
thor@yellowjerseypr.com
Sarah Hollins / Shivantha Thambirajah / Bessie Elliot
Tel: +44 (0) 20 3004 9512
Competent Person's Report
The information in this report that relates to Exploration Results and the Estimation and Reporting of Mineral Resource Estimation is based on information compiled by Nicole Galloway Warland, who holds a BSc Applied geology (HONS) and who is a Member of The Australian Institute of Geoscientists. Ms Galloway Warland is an employee of Thor Energy PLC. She has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which she is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Nicole Galloway Warland consents to the inclusion in the report of the matters based on her information in the form and context in which it appears.
Updates on the Company's activities are regularly posted on Thor's website, which includes a facility to register to receive these updates by email, and on the Company's Twitter page.
About Thor Energy Plc
The Company is focused on uranium and energy metals that are crucial in the shift to a 'green' energy economy. Thor has a number of highly prospective projects that give shareholders exposure to uranium, nickel, copper, lithium and gold. Our projects are located in Australia and the USA.
Thor holds 100% interest in three uranium and vanadium projects (Wedding Bell, Radium Mountain, and Vanadium King) in the Uravan Belt Colorado and Utah, USA with historical high-grade uranium and vanadium drilling and production results.
Thor owns 100% of the Ragged Range Project, comprising 92 km2 of exploration licences with highly encouraging early-stage gold and nickel results in the Pilbara region of Western Australia.
At Alford East in South Australia, Thor is
Thor Energy PLC - London-based uranium and vanadium explorer - Says pretax loss narrows to GBP520,000 in its financial year ended June 30, from GBP1.3 million the year prior. Declares no dividend for the year.