THR Thor Energy Plc

TIDMTHR

Thor Mining PLC

03 May 2022

03 May 2022

Thor Mining PLC

("Thor" or the "Company")

Investor Presentation

The directors of Thor Mining Plc ("Thor") (AIM, ASX: THR, OTCQB: THORF) are pleased to announce that the Company's Managing Director, Nicole Galloway Warland, delivered an updated investor presentation at the RIU Sydney Resources Round-up 2022 in Sydney today. The presentation is available on the Thor website, www.thormining.com .

This announcement is authorised for release to the market by the Board of Directors.

For further information, please contact:

 
  Thor Mining PLC 
  Nicole Galloway Warland, Managing Director                Tel: +61 (8) 7324 
   Ray Ridge, CFO / Company Secretary                        1935 
                                                             Tel: +61 (8) 7324 
                                                             1935 
 
  WH Ireland Limited (Nominated Adviser                     Tel: +44 (0) 207 
   and Joint Broker)                                         220 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 
 

Updates on the Company's activities are regularly posted on Thor's website www.thormining.com , which includes a facility to register to receive these updates by email, and on the Company's twitter page @ThorMining .

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 Australia 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 drilling is planned in the second half of 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)(3)

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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