Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) said the second half of 2023 exploration will be focused on drilling in the US for uranium and vanadium, followed by geophysics studies at Alford East, South Australia.
In the first half of 2023, high-resolution airborne magnetic and radiometric surveys were carried out over the Wedding Bell, Radium Mountain and Vanadium King projects in the US.
Preparation and approvals are underway for follow-up drilling to the 2022 program at Wedding Bell and Radium Mountain projects, plus a maiden drill program at Vanadium King, said Nicole Galloway Warland, Thor Energy managing director.
"At Alford East, copper-REE prospect mini-column metallurgical test work is continuing, with positive copper recovery curves to date,” Galloway Warland added.
Cash at the end of the second quarter amounted to A$1.71mln.