Having adjusted its focus to the exploration of its energy metals projects, Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) “made significant progress” in its latest reporting period, said broker WH Ireland in response to today’s earnings call.
The AIM-listed mining group’s third-party agreements to advance non-core assets will allow Thor to concentrate its efforts and investment on priority projects, said WH Ireland.
The broker noted that drilling of the uranium-vanadium assets confirms the lateral continuity of uranium-bearing sandstone units, underlining significant exploration potential in the US,
Drilling at Kelly’s Prospect in Australia confirmed structurally controlled alteration and associated mineralisation, “which we view as only a small part of a mineralising system that warrants further exploration”.
“With a number of planned exploration programmes we look forward to a steady news flow over 2023,” the broker said.