16 May 2024
Thor
Energy plc
("Thor"
or the "Company")
Directorate change
The directors of Thor Energy Plc
("Thor") (AIM, ASX: THR, OTC: THORF) are pleased to announce the
appointment of Mr Timothy Armstrong as Non-Executive Director with
immediate effect.
Tim is currently an Institutional
financial advisor at Prenzler Group, a Sydney based boutique
advisory firm with an extensive institutional network across the
broking and investment banking industries in Australia and
abroad. He previously worked in financial PR in Australia and
London, which entailed advising numerous listed and private
companies on their corporate strategies predominantly in the
resources sector. Tim is also a former professional sports person,
spending five years as a first-class cricketer representing NSW, WA
and Australia. He is currently Non-Executive Director at Cooper
Metals Limited (ASX:CPM).
Nicole Galloway Warland, Managing Director of Thor Energy,
commented:
"We are pleased to announce the
appointment of Tim as a Non-Executive Director of Thor. His
financial experience and extensive institutional network will
strengthen Thor's Board, and I look forward to working with him as
we continue to progress our exciting uranium and copper portfolio
in Australia and USA."
AIM disclosures:
The following information is
disclosed relating to Mr Armstrong pursuant to rule 17 and Schedule
Two paragraph (g) of the AIM Rules for Companies.
Mr Armstrong, aged 33 years, holds
no shares in Thor Energy plc and is or has been a director of the
following companies during the five years preceding the date of
this announcement:
|
Current directorships /
partnerships
|
Past directorships /
partnerships within the last five years
|
|
COOPER METALS LIMITED
|
BOSTON MINERALS PTY LTD
|
ARDMORE RESOURCES PTY LTD
EVEREST METALS CORPORATION LTD
KFA CONSORTIUM PTY LTD
FATJACK PTY LTD
TJA ASSETS PTY LTD
OZ
GOLD GROUP PTY LTD
TJA SUPER PTY LTD
TSC EXPLORATION PTY LTD
TRAPSITE MINERALS PTY LTD
ANGLESEA HOLDINGS PTY LTD
This announcement was approved for
release by the Board.
|
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 /
Isaac Hooper
|
|
|
SI Capital Limited (Joint
Broker)
|
Tel: +44 (0) 1483 413 500
|
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.
At Alford East in South Australia,
Thor has earnt an 80% interest in oxide copper deposits considered
amenable to extraction via In-Situ Recovery techniques (ISR). In
January 2021, Thor announced an Inferred Mineral Resource
Estimate¹. Thor also holds a 26.3% 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.²³
Thor holds 100% of the advanced
Molyhil tungsten project, including measured, indicated and
inferred resources⁴, in the Northern Territory of Australia, which
was awarded Major Project Status by the Northern Territory
government in July 2020. Thor executed a $A8m Farm-in and Funding
Agreement with Investigator Resources Limited (ASX: IVR) to
accelerate exploration at the Molyhil Project on 24 November
2022.6
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.⁵ Thor's
interest in the Bonya tenement EL29701 is planned to be divested as
part of the Farm-in and Funding agreement with Investigator
Resources Limited.6
Thor owns 100% of the Ragged Range
Project, comprising 92 km2 of exploration licences with highly
encouraging early-stage gold, copper, lithium and nickel results in
the Pilbara region of Western Australia. Thor is now looking for a
JV partner or divestment of these group of tenements.
Notes
1 https://thorenergyplc.com/investor-updates/maiden-copper-gold-mineral-resource-estimate-alford-east-copper-gold-isr-project/
2 www.thorenergyplc.com/sites/thormining/media/pdf/asx-announcements/20172018/20180222-clarification-kapunda-copper-resource-estimate.pdf
3 www.thorenergyplc.com/sites/thormining/media/aim-report/20190815-initial-copper-resource-estimate---moonta-project---rns---london-stock-exchange.pdf
4 https://thorenergyplc.com/investor-updates/molyhil-project-mineral-resource-estimate-updated/
5 www.thorenergyplc.com/sites/thormining/media/pdf/asx-announcements/20200129-mineral-resource-estimates---bonya-tungsten--copper.pdf
6 https://thorenergyplc.com/wp-content/uploads/2022/11/20221124-8M-Farm-in-Funding-Agreement.pdf