THR Thor Energy Plc

TIDMTHR

Thor Mining PLC

18 March 2022

RNS Reach

Thor Mining PLC

("Thor" or the "Company")

Investor Presentation

The directors of Thor Mining Plc (AIM, ASX: THR, OTCQB: THORF) are pleased to advise that an updated Investor Presentation is available on the Thor website, www.thormining.com .

- Ends -

For further information on the Company, please visit www.thormining.com or contact the following:

 
 Thor Mining PLC 
 Nicole Galloway Warland, Managing Director     Tel: +61 (8) 7324 1935 
  Ray Ridge, CFO / Company Secretary             Tel: +61 (8) 7324 1935 
 
 WH Ireland Limited (Nominated Adviser          Tel: +44 (0) 207 220 
  and Joint Broker)                              1666 
 Jessica Cave / Darshan Patel / Megan Liddell 
 
 SI Capital Limited (Joint Broker)              Tel: +44 (0) 1483 413 
                                                 500 
 Nick Emerson 
 
 Yellow Jersey (Financial PR)                   thor@yellowjerseypr.com 
 Sarah Hollins / Henry Wilkinson                Tel: +44 (0) 20 3004 
                                                 9512 
 

About Thor Mining PLC

Thor Mining PLC (AIM, ASX: THR; OTCQB: THORF) is a diversified resource company quoted on the AIM Market of the London Stock Exchange, ASX in Aust ralia and OTCQB Market in the United States.

The Company is advancing its diversified portfolio of precious, base, energy and strategic metal projects across USA and Australia. Its focus is on progressing its copper, gold, uranium and vanadium projects, while seeking investment/JV opportunities to develop its tungsten assets.

Thor owns 100% of the Ragged Range Project, comprising 92 km (2) of exploration licences with highly encouraging early-stage gold and nickel results in the Pilbara region of Western Australia, for which initial drilling was carried out in 2021

At Alford East in South Australia, Thor is earning an 80% interest in copper deposits considered amenable to extraction via In Situ Recovery techniques (ISR). In January 2021, Thor announced an Inferred Mineral Resource Estimate of 177,000 tonnes contained copper & 71,000 oz gold(1).

Thor also holds a 30% interest in Australian copper development company EnviroCopper Limited, which in turn holds rights to earn up to a 75% interest in the mineral rights and claims over the resource on the portion of the historic Kapunda copper mine and the Alford West copper project, both situated in South Australia, and both considered amenable to recovery by way of ISR.(2)

Thor holds 100% interest in two private companies with mineral claims in the US states of Colorado and Utah with historical high-grade uranium and vanadium drilling and production results.

Thor holds 100% of the advanced Molyhil tungsten project, including measured, indicated and inferred resources , in the Northern Territory of Australia, which was awarded Major Project Status by the Northern Territory government in July 2020.

Adjacent to Molyhil, at Bonya, Thor holds a 40% interest in deposits of tungsten, copper, and vanadium, including Inferred resource estimates for the Bonya copper deposit, and the White Violet and Samarkand tungsten deposits.

Notes

(1) www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210127-maiden-copper.gold-estimate-alford-east-sa.pdf

(2) www.thormining.com/sites/thormining/media/pdf/asx-announcements/20172018/20180222-clarification-kapunda-copper-resource-estimate.pdf

(3) www.thormining.com/sites/thormining/media/aim-report/20190815-initial-copper-resource-estimate---moonta-project---rns---london-stock-exchange.pdf

(4) www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210408-molyhil-mineral-resource-estimate-updated.pdf

(5) www.thormining.com/sites/thormining/media/pdf/asx-announcements/20200129-mineral-resource-estimates---bonya-tungsten--copper.pdf

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March 18, 2022 08:36 ET (12:36 GMT)

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