Coffee with Samso

A Green Copper Story? - Thor Mining Plc (ASX: THR)


Listen Later

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 very prospective projects and one of them could make this minnow a serious copper producer.   Our first encounter with Thor Mining was in February 2021 with 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 the Exploration manager. The projects were just being worked on with just potential as the story.   I liked the projects then and felt that if worked was done and the results were favourable, any of their projects would be a flagship status. Sure enough, work has been done and it looks like my gut feel was on the money.   In this episode of Coffee with Samso, Nicole will share about the mass amount of work in 2021. I feel that the maturity of the projects over the 10 months is profound and had shifted my thinking on the direction of the company.   I remember Nicole telling me that Ragged Range was going to surprise people and it had 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 up and be known. I have always liked the potential and I talked about it in the first Coffee with Samso with Nicole and 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 happy if you have naturally occurring infrastructure. What I mean in term 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 appear to have some holding power is going to make the game biased towards Thor Mining.       Chapters   00:00 Start 00:20 Introduction 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 to 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
...more
View all episodesView all episodes
Download on the App Store

Coffee with SamsoBy Samso


More shows like Coffee with Samso

View all
Energy Insiders - a RenewEconomy Podcast by RenewEconomy

Energy Insiders - a RenewEconomy Podcast

33 Listeners

The Money Café with Alan Kohler by Intelligent Investor

The Money Café with Alan Kohler

37 Listeners

Chanticleer by Australian Financial Review

Chanticleer

18 Listeners