Thor has secured over 600km2 of granted tenure in Nigeria that encompasses what Thor considers to be Nigeria’s most significant lithium pegmatite occurrence, which is currently being exploited by small-scale mining of lithium-bearing minerals. (3/3)
What a year 2021 has been!
We did it, built Nigeria's first commercial gold mine and transitioned into a producer! We look forward to more milestones in 2022!
$THX.V $THX.L
#goldmining
#nigeriagold
#nigeriamining
We are pleased to have completed another successful quarter, producing 23,750oz of gold! An improvement of 11% on Q1!
We have now produced over 45k oz this year with zero lost time injuries. Congratulations to the Segilola Team!
$THX.V $THX.L
Segilola Gold Project.
The Segilola Gold project is a 24hr mining operation with the processing plant operating close to design capacity. Commercial Production is the next milestone and days away. $THX.V $THX.L
#thorexplorations
#segilola
#nigeriamining
#gold
SROL Documentary via
@YouTube
We are pleased to have completed our first full quarter as a gold producer. We look forward to continuing the Segilola and Thor growth story in Nigeria & West Africa. $THX.V
#gold
#segilola
#goldmining
@ThorExplorations
is pleased to announce it has recently acquired two licences to advance the Douta Gold Project to the preliminary feasibility stage in southeast Senegal. The exploration with provide additional exploration potential to the Douta Gold Project. (1/5)
Thor Explorations is pleased to provide an Q1 2024 operational update.
Segilola Production: Gold production of 19,589 ounces
Outlook: FY 2024 production guidance range maintained at 95,000 to 100,000oz of Au
Read the full announcement:
#gold
#mining
Thor Explorations is pleased to announce the Q2 results. Gold production was 23,078 ounces for the period, with all main operating units continuing to perform better than expected. (1/2)
To read the full announcement:
#gold
#mining
#lithium
#Nigeria
#AIM
Thor Explorations is pleased to announce drill-intersections of significant gold mineralisation from the Makosa gold deposit and the Sambara prospect at its Douta Gold Project in Senegal.
1/4
$THX.V 2020 has been a year of excellent progress for Thor. Construction of the Segilola Gold Project is on schedule. We are excited about transitioning into a gold producer in Q2 2021, a milestone for us & Nigeria!
#Thorexplorations
#gold
#segilola
Join CEO Segun Lawson for an exclusive investor presentation and Q&A session on May 1 at 12:00 pm BST, to unpack the upcoming Financial 2023 results, latest Q1 2024 Operational update and more.
Sign up on:
#Gold
#Mining
#ThorExplorations
#InvestorSession
The significant intersections confirm spodumene as the main lithium-bearing mineral, together with minor lepidolite. It highlights that mineralisation is exposed at surface and is shallow dipping. (2/3)
Thor Explorations is pleased to announce the first set of drilling results from its 2024 drilling programme at the Douta Gold Project, Senegal.
Read the full announcement here:
Our CEO
@segunlawson
, spoke to
@JeremyNaylor_IG
at
@IGTV
following the recent FY23 results.
Segun unpacks recent project, exploration and production updates, and the Company outlook for 2024.
Watch the full interview here:
Thor Explorations is pleased to provide an operational update for its Segilola Gold Mine and the Company’s mineral exploration properties for the three months to September 30, 2023.
Read here:
1/4
Today, our CEO,
@segunlawson
gave an insightful investor presentation and answered a Q&A session regarding the recent FY23 Results, Q1 2024 Operational Update and Corporate Strategy Insights on the
@InvestorMeetCo
platform.
To watch, click here:
Our CEO & team were honoured & happy to host the Honourable Minister of Mines Arc. Olamilekan Adegbite and delegates from from the Ministry of Mines Nigeria on a Segilola progress site visit today.
$THX.V
#goldmining
A progress message from our team at Segilola following the site visit of the Honourable Minister of Mines. The social impact of the Segilola Gold Project is significant. On track for 1st Gold pour next quarter. $THX.V
#thorexplorations
#nigeriamining
#gold
Fun Fact Friday: Did you know that it is rarer to find a one-ounce nugget of gold than a five-carat diamond. Less than 2% of all gold comes in the form of a nugget as most gold recovered is tiny flakes and microscopic gold dust that is removed from crushing massive amounts of ore
The Guardian Nigeria mentions the recent institutional collaboration and reforms which have revitalised Nigeria's mining sector, boosting its GDP contribution.
Read the full article here:
#thorexplorations
#gold
#mining
#nigeria
#THX
#AIM
Thor Explorations is pleased to provide an operational update for the Segilola Gold mine, located in Nigeria and for the Company's mineral exploration properties located in Nigeria and Senegal, for Q4 2023 & full year operational highlights.
Read here:
We continue to keep a close eye on the unrest in Nigeria, particularly Lagos.
So far, the Segilola Gold Project remains unaffected with staff working and construction progressing as normal.
#segilolagoldmine
#miningnigeria
#thorexplorations
#gold
$THX.V
Yesterday our CEO Segun Lawson sat down with
@zakmir
on
@ZaksTradersCafe
to discuss the recent announcement of the first set of drilling results from its 2024 drilling programme at the Douta Gold Project, Senegal.
Listen to the full episode here:
Thor Explorations is pleased to announce its financial and operating results for the first quarter of 2024, reporting a significant increase in net profit to $12.4 million.
Read the full release here:
#gold
#mining
#investing
#ThorExplorations
“In the coming year, we plan to maintain focus on project development in Senegal to meet our objective of bringing the Company's second gold mine into production."
Read here:
#gold
#mining
#lithium
#nigeria
#AIM
#Investing
4/4
Gold prices hit record high, as reported yesterday by the Financial Times. Prices are rising due to a drop in the US dollar. Traders believe the Federal Reserve might reduce interest rates next year, prompting increased interest in gold. Read here:
1/2
Thor Explorations features as one of Interactive Investor's speakers who discusses gold as a “flight safety” in unstable economic times. Watch Segun Lawson, CEO of Thor Explorations, as he discusses the factors which effect & increase the price of gold.
With the price of gold reported by the
@GOLDCOUNCIL
just under $2000 per ounce at this moment in time, we should consider why gold is one of the most valuable commodities in the world.
(1/4)
Africa stands at the forefront of gold production being the third-largest gold producing continent globally, with mining operations spanning over 21 countries.
1/3
Segun Lawson, CEO said:
"We are pleased to announce further encouraging drilling results from Thor's Douta Project in Senegal. The main purpose of the drilling has been to advance the project towards development by upgrading more of the resource to indicated classification.”
2/4
The demand for gold will always hold true, especially in the turbulent economic crisis where gold is king.
The need for jewellery represents 60% of total demand for gold as it is used due to the testament of culture, style, and craftsmanship required.
1/3
There’s still time to sign up for an exclusive live investor session with CEO Segun Lawson via the
@InvestorMeetCo
platform tomorrow, 1 May 2024, at 12:00 pm BST.
Sign up for free on:
Thor Explorations is pleased to provide an operational and financial review for its Segilola Gold mine, with focus on drilling regional Segilola gold targets, and continuation of lithium prospects.
Read here:
1/3
#THX
#goldmining
Gold may be an ever persistent and alluring investment. For centuries, gold has maintained its status as a symbol of wealth and prosperity, captivating investors worldwide. Its appeal is particularly pronounced during times of economic uncertainty.
1/2
"Once all the drilling results are in, we look forward to updating our Mineral Resource Estimate to form the basis of a preliminary feasibility study.”
3/4
H1 2023 revenue was US$81.7m and H1 EBITDA at US$35.1m. Expectations for full-year production at 85,000oz at an AISC between US$1,150-US$1,350. Thor is pleased to announce it acquired a significant tenure in Nigeria that covers known lithium bearing, pegmatite deposits. (2/2)
"We are excited by the year ahead, where we are continuing exploration at our wholly-owned Segilola Gold mine to expand its life of mine, completing the preliminary feasibility study for Douta and will commence exploration on our newly acquired licences." (4/5)
Thor Explorations features in
@offshoreafrica_
as lithium discovery brings opportunities to Nigeria, with the Company’s initial drilling results showing significant intersections of mineralised pegmatites.
Read here:
#lithium
#gold
#mining
#nigeria
#THX
FDI Intelligence, a service from the Financial Times Group recently wrote an article in which it discussed the use of artificial intelligence (AI) in the mining exploration process.
Read here:
1/2
In a recent article in ‘This is Money’ it highlighted how to invest in gold as the price reaches an all time high. Investors may be drawn to gold as a form of portfolio insurance, providing diversification in a balanced portfolio. (1/2)
Read here:
Fun Fact Friday: Did you that gold is a high-density metal, with a cubic foot of gold weighing over half a ton, which is about 1,206 pounds. The density contributes to its weight and makes it one of the densest common elements on Earth.
#preciousmetals
#thorexplorations
#gold
The consulting and market research firm Roskill estimates that the demand for lithium-ion batteries will surge a remarkable 83% by 2027, increasing demand for lithium hydroxide, which is a vital compound in rechargeable batteries.
Read here:
#thorlithium
BNN Bloomberg interviews Daniel Ghali, senior commodity strategist at TD Securities, who says gold often rallies when the Federal Reserve starts cutting interest rates with predictions that gold could raise to US$2250 by May 2024.
#gold
#THX
Watch here:
Our CEO
@SegunLawson
recently sat down with
@TheAfricaReport
Report to unpack the recent FY23 results and outlook to the future.
Subscribers can read the full piece here:
Segilola Exploration
- Continuation of diamond drilling on identified high-grade quartz-vein style mineralisation at Aye-Ile prospect which is located 15km west of Segilola with several narrow high-grade intersections obtained.
3/4
Thor Explorations will be the Diamond Sponsor for this year’s
@NigeriaMW
taking place from the 16-18 of October 2023.
Segilola Resources Operating Limited is a subsidiary of Thor Explorations whose flagship project is the Segilola Gold Project.
#thorexplorations
#gold
Day 100 of construction activities on site at Segilola celebrated with 10 of our local community workers receiveing recognition for their excellent performance.
Traders are now estimating a 74% chance of a June rate cut and a low-interest rate environment reduces the opportunity cost of holding gold, contributing to its investment appeal, as central bank gold purchases remain strong.
#goldinvestments
#preciousmetals
#gold
#mining
2/2
Thor Explorations has one fully operational mine which produced 43,000 ounces of gold in the first half of 2023.
The Company’s large-scale development on its second gold mine and new lithium venture expands its portfolio.
#thorexplorations
#gold
#mining
#nigeria
#THX
#AIM
2/2