A Green Copper Story? - Thor Mining Plc (ASX: THR)
Coffee with Samso Episode 123 is with Nicole Galloway Warland, Managing Director - Thor Mining Plc (ASX: THR)
Thor Mining is a very special diversified mineral exploration company. Special in that there are three highly prospective projects and one of them could make this minnow a serious copper producer.
Our first encounter with Thor Mining was in February 2021 at a Coffee with Samso - A Potential ESG compliant Copper-Gold Producer: Thor Mining Plc (ASX:THR) - and the current Managing Director, Nicole Galloway Warland was the company's Exploration Manager then. The projects that were just being worked on then had just as much potential as the story.
I liked the projects at that time and felt that if work was done and the results were favourable, any of their projects could achieve a flagship status. Sure enough, work has indeed been done and it looks like my gut feel was on the money.
In this episode of Coffee with Samso, Nicole tells us about the huge amount of work done in 2021. I feel that the maturity of the projects over the past 10 months has been profound and it has shifted my thinking on the direction of the company.
I remember Nicole telling me that Ragged Range was going to surprise people. Well, it definitely surprised me. The potential of the area is really only limited to the funding capacity of the company. The Pilbara is just showing its potential and those working in the region will continue to unearth the hidden metal endowment that lies beneath this craton.
As for the Copper projects in South Australia, I am greatly relieved that the recent results have made great progress. The ISR potential of the Alford projects is going to make Thor Mining stand out and be seen. I have always liked the potential and I talked about it in the first Coffee with Samso with Nicole and also with the previous Chairman, Mick Billing.
I believe that the ISR potential should be the company's main focus and the creation of a Green Copper story is achievable. My take on the Green Metal story, the Green Mining story is one that can only be happy if you have naturally occurring infrastructure. What I mean in terms of infrastructure is the Green Power + Green Minable Economical Resource + Governance/Jurisdiction.
In my opinion, Thor has these three components available. They just need to make it work.
The Molyhil project is the third part of the story (at this stage). The recent discovery of a skarn source for the Tungsten and Molybdenum mineralisation may change the whole economics of the project. This is now partnered with a rising Molybdenum price in 2021. A rise appears to have some holding power that is going to tilt the game in favour towards Thor Mining.
01:38 Ragged Range
02:54 Prospectivity of the Pilbara Craton.
05:30 The Nickel in Ragged Range.
06:54 Copper in South Australia and potential to being a Copper Producer.
08:19 ISR Use
08:55 How do you explain the Environmental Issues?
11:19 73m of 1% Cu is a significant number.
12:35 The Copper project in South Australia is heading towards development.
13:28 NO infrastructure will not be an issue.
13:44 Looking very much like a Green Copper Story.
15:17 Molyhil Project
17:46 Molybdenum is getting new uses and demand.
18:55 Is Molyhill bigger than first thought?
20:10 The Uranium and Vanadium project.
21:42 How will Thor prioritise the projects?
24:50 What's the news flow?
25:58 How does Thor see Ragged Range?
27:35 Nicole's words of wisdom.
28:28 How will Thor manage the variety of projects?
29:26 Concluding comments
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About Nicole Galloway Warland, Managing Director
Thor Mining Plc (ASX:THR)
Geologist Nicole Galloway Warland has worked in the mining and exploration industry for more than a quarter of a century in Australia, Eastern Europe and South America since graduating from Sydney’s University of Technology.
Nicole's experience spans grassroots exploration through to project evaluation, encompassing both open cut and underground mining, with a focus predominantly on gold, copper-gold, base metals, nickel, uranium, and lithium.
About Thor Mining Plc (LON:THR and ASX:THR)
Thor Mining PLC is an exploration and development company with an advanced tungsten/molybdenum project poised for development, and exciting copper and gold projects, both advanced and early stages, with the potential to generate significant investor value. Thor also holds an advanced tungsten/molybdenum project ready for development.
Thor has projects in Australia in the Northern Territory, Western Australia, and South Australia. Thor also owns the Pilot Mountain tungsten project in Nevada USA, and uranium and vanadium exploration claims in Colorado and Utah.
The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer.
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