Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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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.
Plenty of demand out there for copper and uranium so I wouldn't be worrying about that side of things. I worry if we actually discover it. GLA . Mullins58 and Troajan recently posted Uranium demand links and here's a copper one.
https://www.mining.com/copper-prices-may-jump-20-aluminum-by-36-as-demand-outpaces-supply-forecast/
The mining sector is totally in the doldrums, even if the copper and uranium is there in our ground, what is the demand to mine it right now?
This could play out for decades until we are all living in a pre industrial era agrarian economy by which time .......?
Share price gone up a smidge yesterday - but already down again today. Absolutely pathetic. What to do?
Glad to see raise was at a premium to the admittedly pathetic vwap.
Should push AIM share price over a still admittedly pathetic 2p.
1m AUS Dollars raised @ 0.042 cents a premium above the VWAP of 0.0384 Cents.
You can see how much the management believe in this company by the amount of shares they have purchased.
I think they may drop their AIM listing. They've milked the market dry.
I'm trying to be optimistic and thinking why not a JV announcement. Fingers and toes crossed.
I'm surprise by the small drop as it is highly likely to be around a 20% discount at least.
$2,000,000Aus @ 1p is my guess. They don't care anymore.
I wonder how big the discount will be on the raise ?
Trading halt in order to complete a capital raise.
Requested by Thor due to pending news announcement until the 20th Sept.
Thor tweet explaining ISR
https://x.com/ThorEnergyPLC/status/1701860797649993908?s=20