Thor Explorations Share Discussion Threads

[ukgeorge] 15/1/2025 16:23

The recording is up now, nothing new really

[littleblew180] 15/1/2025 14:22

Anybody listen to the call?

[stevea171] 14/1/2025 10:08

Investor webinar to discuss Q4 2024 operating update & 2025 operating guidance

Thor is pleased to announce that Segun Lawson, President, and CEO, will provide a live investor session via the Investor Meet Company platform on Wednesday 15 January 2025 at 12:00pm GMT.

The session will discuss the announced Q4 2024 operating update and 2025 operating guidance.

[sharekitchen1974] 13/1/2025 19:04

Fingers crossed, it's about time, they've delivered solid production and reached debt free status, not much on aim does that

[ukgeorge] 13/1/2025 17:03

Great to have it closing on a high, hopefully it can maintain the momentum :)

[sharekitchen1974] 13/1/2025 15:00

Be nice to see a broker note and rerate to 30p after todays update

[paduardo] 13/1/2025 09:22

Hi stevea171 On the last interview I saw with Segun from proactive investors he mentioned Q1 to update on this which is why I was surprised to see it wasn't referenced in the 25 catalysts. Understand they are planning more drilling / timings can shift but personally I think an extension will be a game changer in terms of the share price so would like an update on this is soon. Anyway, let's see if he answers the question on Wednesday. Cheers

[stevea171] 13/1/2025 09:15

Re Segilola mine life:
Company has announced a further 7,500 meters of drilling at Segilola plus scout drilling in the general area surrounding Segilola.

Funds for drilling from cash flow are more than adequate to support much more drilling this year and next year if warranted.

Extension of mine life is a moving target. Whatever the extension is today it's likely to be greater later in the year. Do they keep making announcements throughout the year or wait for more substantial drilling and results to come through?

[farrugia] 13/1/2025 09:00

amazing no reaction. There are Canadian companies that aren't even producers with a much bigger market cap. It could be argued that the exploration assets here are worth more than the market cap.

[stevea171] 13/1/2025 08:57

Paduardo. Segun answers all questions subject to time constraints.

Financials next month guaranteed to be eye popping.

Initial dividend announcement with FY24 results?

FY 2025 Outlook and Catalysts

· FY 2025 production guidance range set at 85,000 to 95,000 oz of gold

· FY 2025 All-in Sustaining Cost ("AISC") guidance range set at $800 to $1,000/oz

· Finalisation of updated Mineral Resource Estimate and Preliminary Feasibility Study ("PFS") at the Douta Project scheduled for Q1 2025

· Drilling programmes across all the Company's exploration portfolio:

o Segilola underground drilling programme next phase consisting of 7,500 metres of drilling

o Nigeria - continuation of scout drilling programmes on identified targets

o Senegal (Douta licence) - additional Reverse Circulation ("RC") drilling targeting additional oxide resources

o Cote D'Ivoire - Guitry and Boundiali licenses, continuation of geochemical work programmes and initial drill programme on identified targets

[paduardo] 13/1/2025 08:45

I noticed no reference to the timings on the extension of the mining plan in the section on 2025 catalysts. I submitted the following question on Investor Meet Company "Can you please advise what your expected timings are for any announcements on the extension of the mining plan or mine life at Segilola?". On the platform it references that they cant guarantee all questions will be answered / they will look to answer the top questions - can I please ask if you are interested in this you also submit the question? Thank you

[ukgeorge] 13/1/2025 08:44

I would think it will be 70% debt 30% cash/equityMaybe 60:40Hopefully, the PFS comes in this quarter. Look forward to the webinar

[littleblew180] 13/1/2025 08:28

This also suggests to me that the douta mine could be self funded which means that it will have minimal debt

[sharekitchen1974] 13/1/2025 07:50

Solid results, debt free and a good year ahead with another 85-95k of production expected, should have a nice cash pile starting build, very low cost production

[farrugia] 13/1/2025 07:15

this sounds like an excellent update to me!?

[trader465] 13/1/2025 07:09

Summary of Thor Explorations Update – January 13, 2025

Thor Explorations Ltd. (TSXV / AIM: THX) reported strong Q4 2024 gold production and provided its 2025 guidance and exploration updates.

2024 Highlights
Gold Production:
Full Year: 85,057 oz.
Q4 2024: 24,662 oz from 247,075 tonnes milled at an average grade of 3.08 g/t Au.
Financial Achievements:
Fully repaid senior debt with Africa Finance Corporation (AFC).
Q4 gold sales of 24,936 oz at an average price of $2,497/oz, generating ~$62M revenue.
Operational Improvements:
Enhanced blasting strategies and mine planning led to smoother operations.


2025 Outlook
Production Guidance: 85,000–95,000 oz.
All-In Sustaining Costs (AISC): $800–$1,000/oz.
Douta Project: Updated Mineral Resource Estimate and Preliminary Feasibility Study (PFS) expected in Q1 2025.
Drilling Programs:
7,500m at Segilola (underground).
Scout and RC drilling in Nigeria and Senegal.
Exploration initiated in Côte d’Ivoire.
Q4 Exploration Updates
Nigeria:
Positive drilling results at Segilola Underground, with highlights including 1.8m grading 39.7 g/t Au.
Expanded underground drilling program planned.
Senegal:
Finalisation of Douta PFS and commencement of RC drilling.
Côte d’Ivoire:
Geochemical and initial drill programs underway.
Investor Webinar
Thor Explorations will host an investor session on January 15, 2025, at 12:00 PM GMT to discuss Q4 results and 2025 guidance.

[stevea171] 12/1/2025 11:37

Nogger. The Nigerian federal government is deliberating over a 3.25B Naira, which is around $1.9m, tax claim by Osun State. This claim is a one off. If proven and paid it's peanuts cf current cash generation (and $90 million net profit for FY24?)

The other claims are 5m shares (less than 1% of total float) and for environment destruction are not likely to be material. There is nothing to suggest anyone is taking the environmental claims seriously.

Osun State, ruled by an Opposition politician, has gone quiet for the past month or so which is indicative of them being slapped down quite rightly by the Nigerian Government.

[nogger99] 10/1/2025 17:57

From the third quarter RNS : -

The Committee provided Osun State with an extension to submit evidence of its claims by 8th November and the Company expects the Minister to disclose its findings in the near future. We look forward to the findings of the Committee and remain confident regarding our position on all the allegations made by Osun State.

Has the tax dispute with Osun been settled? - I can't find any confirmation. At this price the share looks to be an absolute bargain, but until clarification arrives, I'll stay on the sidelines.

[sharekitchen1974] 10/1/2025 15:41

Must be a seller, it never moves

[ukgeorge] 10/1/2025 10:49

It shouldn't take much more buying to send it upThe 500k buy was handy

[trader465] 10/1/2025 10:42

Very quiet here, I think liquidity not helping, this is very thinly traded, Full year production and 2025 guidance next week should fuel a rise

[trader465] 10/1/2025 07:05

FOR IMMEDIATE RELEASE TSXV/AIM: THX

January 10, 2025



Vancouver, British Columbia





THOR EXPLORATIONS ANNOUNCES FURTHER POSITIVE DRILLING RESULTS FROM SEGILOLA GOLD MINE

Thor Explorations Ltd ((TSXV / AIM: THX), "Thor" or the "Company"), is a West African-focussed minerals exploration and mining Company, that is currently producing gold from its wholly owned Segilola Gold Mine in Nigeria and is advancing the Douta Gold Project in Senegal towards development.

Thor is pleased to announce further positive results from its ongoing diamond drilling programme at the Segilola Gold Mine ("Segilola") that targets the down-plunge potential beneath the current open pit extents.

The most recent results from the latest four holes drilled include 1.8 metres ("m") grading 39.7 grammes of gold per tonne ("g/tAu") from 222m in drillhole SNMDD027 and 3.4m grading 4.8g/tAu from 74m in drillhole SNMDD028. These results further highlight the potential to extend the Segilola resource both along strike to the south and at depth.

Segun Lawson, President & CEO, stated:

"We are pleased to start the year with additional encouraging drill results of the on-going diamond drilling programme which is targeting projections of the Segilola ore body outside the current open pit design. In particular, the significant intersection of 1.8m grading 39.7g/tAu is encouraging as it potentially suggests the formation of a high-grade shoot in the northern parts of the deposit. This intersection is supported by the previously reported intersection of 1.3m grading 3.35g/tAu located 40m to the south in hole SNMDD019.

"These new intersections are located in the vicinity of several exploration holes that the Company drilled in 2018. Results from these holes include 1m grading 10.2g/tAu and 2.5m grading 8.5g/tAu.Together, these holes demonstrate high grade continuity of approximately 100m down dip and about 100m along strike. Based on the new results we intend to continue drill testing of the Segilola structure, and we look forward to sharing further results in due course."

[trader465] 09/1/2025 13:58

trader46520 Dec '24 - 14:16 - 226 of 240 Edit
0 0 0
Production guidance of 85,000oz for 2024 with AISC guidance of US$$800 - US$900 per oz. Using $2450 average released gold revenue will be $208m

Thor's profit will range between $131.75 million and $140.25 million depending on the exact AISC.

2024 Forecast and comparison to 2023

Comparison Table (2023 vs. 2024)
Metric FY 2023 FY 2024 (Estimated) % Change (Low-High)
Gold Sold (oz) 73,356 85,000 +15.9%
Average Realised Price $1,907/oz $2,450/oz +28.5%
Revenue $141.2m $208.3m +47.5%
AISC ($/oz) $1,313/oz $800-$900/oz -38.9% to -31.5%
EBITDA $55.3m $131.8m-$140.3m +138.3% to +153.7%
Net Profit $10.8m $25.7m-$27.3m +138.0% to +152.8%
EPS (US$) $0.0166 $0.0396-$0.0420 +138.0% to +152.8%
P/E Ratio 12.7x 4.9x-5.2x -61.4% -59.1%
Enterprise Value (EV) ~$148.9m ~$130.3m -12.5%
EV/EBITDA 2.7x 0.93x -0.99x -65.6% to -63.3%
Cash & Cash Equivalents $7.8m ~$25.3m (post-debt repayment) +224.4%
Net Debt $15.9m Net cash of $2.7m Shift to net cash position

[trader465] 09/1/2025 13:52

Buy x5 sells today, results soon, I'm bullish here could see a pop in the price but huge geographical risk

[trader465] 09/1/2025 12:40

After they publish results showing huge profitability due to the all time high gold price they are prey to the government