COPPER - GOLD

ALFORD COPPER
PROJECTS

OVERVIEW

Thor Mining has an interest in several projects in the copper belt near Alford on the Yorke Peninsula in South Australia and further to the east at Kapunda.

PROJECT NAMES:

LOCATION:

TARGET:

Alford East, Alford West, Kapunda

South Australia

Copper, Gold, 

IN SITU RECOVERY (ISR)

Due to the specific setting and geology of these projects they are considered to be amenable to copper production via In Situ Recovery (ISR). This is an environmentally friendly and low-cost style of mining that involves rinsing the copper and gold ore of the rock using a series of wells. Along with partner EnviroCopper, Thor is currently on the cutting edge of this technique and conducting a number of studies to improve the processes used. 

In July 2018, EnviroCopper received an Australian Research Grant for A$2.85M to advance investigations into the economics, environmental and social impacts of ISR.

LATEST EXPLORATION UPDATE

The ALFORD EAST COPPER-GOLD PROJECT IS AMENABLE TO THE ENVIRONMENTALLY FRIENDLY, LOW-COST MINING TECHNIQUE KNOWN AS

INSITU RECOVERY

ALFORD EAST COPPER-GOLD PROJECT

The current focus for Thor’s exploration team is the Alford East Copper-Gold Project in which Thor is earning up to an 80% interest. The project has been subject to substantial historical exploration as well as more recently diamond core drilling by Thor to test the extention of the known deposit. 

Alford East Mineral Resource Estimate

(Reported 26 January 2021)

  • Figures are rounded to reflect appropriate level of confidence. Apparent differences may occur due to rounding.
  • Cut-off of 0.05% Cu
  • Thor earning up to 80% interest in Alford East Copper-Gold Project

The success of our first phase of drilling, with significant uplift in copper and gold grade adjacent to the Netherleigh Fault, is very exciting and suggests the potential for extended zones of higher-grade copper and gold along strike and at depth.

- MD Nicole Galloway Warland

The projects are highly prospective for

COPPER AND GOLD

ENVIROCOPPER

Thor Mining holds a 30% equity interest in private Australian company EnviroCopper Limited. In turn EnviroCopper Limited is earning up to a 75% equity interest in the Kapunda Copper Project and the Alford West Belt Copper ISR Project.

KAPUNDA PROJECT

EnviroCopper is earning up to a 75% interest in the Kapunda Copper Project. The project was the site of a historical copper mine and has been the subject of a significant amount of exploration, has given EnviroCopper and Thor confidence that the project is suitable for In Situ Recovery and to publish a calculation of an inferred copper resource estimate.

In addition to the copper resource estimate, there is substantial gold potential at Kapunda, with approximately one third of the historic drill holes successfully assayed for gold mineralisation.

ALFORD WEST COPPER PROJECT

EnviroCopper Limited is also earning up to a 75% interest in the Alford West Belt Copper ISR Project. It’s proximity to the Alford East Project mean it has potential to boost the operational life and economics of any development of the Alford East Project. In August 2019 EnviroCopper published an initial Mineral Resource Estimate.

LATEST UPDATES FROM THE

ALFORD PROJECTS