THR: Annual Report to Shareholders
Original announcement by asx on
- Company
- THOR ENERGY PLC
- Ticker
- THR
- Exchange
- ASX
- Region
- South Australia
- Primary commodity
- Hydrogen
- Secondary commodities
- Helium, Copper, Gold
- Document categories
- Resource update, Agreement transaction, Other
- Extracted
- 2026-09-30 04:36:04 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
THOR ENERGY PLC's annual report highlights a strategic pivot towards natural hydrogen and helium, marked by strong geochemical results at its HY-Range project and a fully funded seismic acquisition program. The company rationalized its portfolio through the sale of non-core tungsten and US uranium/vanadium assets, generating cash and reducing holding costs. While these moves have strengthened the balance sheet, the company continues to report losses and faces material uncertainty regarding its going concern status, necessitating future capital raises.
Reasoning: Thor Energy has made a significant strategic pivot towards natural hydrogen and helium, supported by positive exploration results and asset sales that have improved its cash position. However, the company continues to incur losses and faces material uncertainty regarding its ability to continue as a going concern, relying on future funding. While hydrogen/helium progress is positive, copper resources are historical and inferred, and the core licence renewal is pending.
Positive factors
- Strong geochemical results for natural hydrogen and helium at HY-Range project, significantly exceeding background levels and validating priority areas.
- Fully funded 2D seismic acquisition program planned for HY-Range, marking a critical step towards drilling.
- Successful rationalization of non-core assets (Molyhil, US uranium/vanadium) generating cash and reducing holding costs.
- Retained exposure to copper projects (Alford East, EnviroCopper's Alford West and Kapunda) provides valuable optionality.
- Appointment of a director to the EnviroCopper Limited (ECL) board, regaining significant influence over copper interests.
Negative factors
- Company continues to report financial losses (£1.427 million loss for the year).
- Material uncertainty related to going concern, with reliance on future capital raises to fund operations.
- Resource estimates for copper-gold projects (Alford East, Alford West, Kapunda) are historical (2018-2021) and entirely in the Inferred category.
- Renewal application for the core HY-Range RSEL 802 licence is pending review, posing a potential impairment risk if not granted.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 54
Classification and evidence
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The Alford East Mineral Resource Estimate was reported on 22 January 2021, making it over 5 years old at the time of this annual report.
Evidence · text
“Table A: Alford East Mineral Resource Estimate (Reported 22 January 2021)”
All Inferrednegative
100% of resource is Inferred category — very early stage, no engineering confidence.
Why it applies: The Alford East Mineral Resource Estimate does not explicitly state categories for individual domains, but the overall context of historical estimates without further classification often implies inferred, and the total is presented without higher confidence categories.
Evidence · text
“Table A: Alford East Mineral Resource Estimate (Reported 22 January 2021)”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Alford East Mineral Resource Estimate is explicitly stated as JORC (2012) compliant.
Evidence · text
“JORC (2012) COMPLIANT MINERAL RESOURCES AND RESERVES”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The document states that 'all material assumptions and technical parameters underpinning the estimates in the Announcements continue to apply and have not materially changed', implying the original JORC compliant estimate was signed off by a Competent Person.
Evidence · text
“The Company confirms that it is not aware of any new information or data that materially affects the information included in the Announcements, and that all material assumptions and technical parameters underpinning the estimates in the Announcements continue to apply and have not materially changed.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The Alford East Mineral Resource Estimate explicitly states a cut-off grade of 0.05% copper.
Evidence · text
“MRE reported on oxide material only, at a cut-off grade of 0.05% copper which is consistent with the assumed ISR technique.”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The Alford East Mineral Resource Estimate was reported in 2021 and is being re-presented without new information, indicating it is a historical estimate.
Evidence · text
“Table A: Alford East Mineral Resource Estimate (Reported 22 January 2021)”
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The Alford West Copper Mineral Resource Estimate was reported on 15 August 2019, making it over 7 years old at the time of this annual report.
Evidence · text
“Table B: Alford West Copper Mineral Resource Estimate (Reported 15 August 2019)”
All Inferrednegative
100% of resource is Inferred category — very early stage, no engineering confidence.
Why it applies: The Alford West Copper Mineral Resource Estimate is entirely classified as Inferred.
Evidence · table
“Inferred”
Context: Wombat
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Alford West Copper Mineral Resource Estimate is implicitly JORC compliant as it is presented alongside other JORC compliant estimates and the document refers to 'JORC (2012) COMPLIANT MINERAL RESOURCES AND RESERVES'.
Evidence · text
“JORC (2012) COMPLIANT MINERAL RESOURCES AND RESERVES”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The document states that 'all material assumptions and technical parameters underpinning the estimates in the Announcements continue to apply and have not materially changed', implying the original JORC compliant estimate was signed off by a Competent Person.
Evidence · text
“The Company confirms that it is not aware of any new information or data that materially affects the information included in the Announcements, and that all material assumptions and technical parameters underpinning the estimates in the Announcements continue to apply and have not materially changed.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The Alford West Copper Mineral Resource Estimate explicitly states a cut-off grade of 0.05% Cu.
Evidence · text
“Cut-off grade used of 0.05% Cu.”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The Alford West Copper Mineral Resource Estimate was reported in 2019 and is being re-presented without new information, indicating it is a historical estimate.
Evidence · text
“Table B: Alford West Copper Mineral Resource Estimate (Reported 15 August 2019)”
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The Kapunda Resource Summary was reported on 12 February 2018, making it over 8 years old at the time of this annual report.
Evidence · text
“Table C: Kapunda Resource Summary 2018 (Reported 12 February 2018)”
All Inferrednegative
100% of resource is Inferred category — very early stage, no engineering confidence.
Why it applies: The Kapunda Resource Summary is entirely classified as Inferred.
Evidence · table
“Inferred”
Context: Copper Oxide
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Kapunda Resource Summary is implicitly JORC compliant as it is presented alongside other JORC compliant estimates and the document refers to 'JORC (2012) COMPLIANT MINERAL RESOURCES AND RESERVES'.
Evidence · text
“JORC (2012) COMPLIANT MINERAL RESOURCES AND RESERVES”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The document states that 'all material assumptions and technical parameters underpinning the estimates in the Announcements continue to apply and have not materially changed', implying the original JORC compliant estimate was signed off by a Competent Person.
Evidence · text
“The Company confirms that it is not aware of any new information or data that materially affects the information included in the Announcements, and that all material assumptions and technical parameters underpinning the estimates in the Announcements continue to apply and have not materially changed.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The Kapunda Resource Summary explicitly states a cut-off grade of 0.05% Cu.
Evidence · text
“Cut-off of 0.05% Cu.”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The Kapunda Resource Summary was reported in 2018 and is being re-presented without new information, indicating it is a historical estimate.
Evidence · text
“Table C: Kapunda Resource Summary 2018 (Reported 12 February 2018)”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The Natural Hydrogen and Helium Prospective Resource is the first formal estimate for the HY-Range project, establishing a baseline for this new commodity focus.
Evidence · text
“Table E: Natural Hydrogen and Helium Prospective Resource (Reported 31 March 2026)”
All Inferrednegative
100% of resource is Inferred category — very early stage, no engineering confidence.
Why it applies: The Natural Hydrogen and Helium Prospective Resource is inherently speculative and represents undiscovered accumulations, which aligns with the characteristics of an Inferred resource.
Evidence · text
“The estimated quantities of hydrogen and helium that may potentially be recovered by the application of a future development project(s) relate to undiscovered accumulations.”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The Natural Hydrogen and Helium Prospective Resource assessment was undertaken by RISC Advisory Pty Ltd, a reputable independent consultant, implying a qualified person sign-off.
Evidence · text
“The assessment was undertaken by RISC Advisory Pty Ltd.”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The Natural Hydrogen and Helium Prospective Resource is explicitly described as relating to 'undiscovered accumulations', which is characteristic of an Inferred resource.
Evidence · text
“The estimated quantities of hydrogen and helium that may potentially be recovered by the application of a future development project(s) relate to undiscovered accumulations.”
Extracted facts
Stored fact records: 54. Some facts used in scoring do not have a stored record.
Resource Estimates (54)
inferredAlford East · copperTonnes: 24600000Grade: 0.12Grade Unit: %Contained Metal: 30000Contained Unit: tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford East
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:fb9b0a871f7f3d139752
- Deposit or zone
- AE_1
- Material type
- oxide
- Ownership percent
- 80 %
Resource Data
- Category
- inferred
- Tonnes
- 24600000
- Grade
- 0.12
- Grade Unit
- %
- Contained Metal
- 30000
- Contained Unit
- t
- Cutoff Grade
- 0.05
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2021-01-22
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-01-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, low-grade inferred resource for copper, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2021, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.12% copper is low for a standalone copper project.
Evidence · table
“0.12”
Context: 24.6
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredAlford East · goldTonnes: 24600000Grade: 0.021Grade Unit: g/tContained Metal: 16000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford East
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:fb9b0a871f7f3d139752
- Deposit or zone
- AE_1
- Material type
- oxide
- Ownership percent
- 80 %
Resource Data
- Category
- inferred
- Tonnes
- 24600000
- Grade
- 0.021
- Grade Unit
- g/t
- Contained Metal
- 16000
- Contained Unit
- oz
- Cutoff Grade
- 0.05
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2021-01-22
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-01-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, very low-grade inferred resource for gold, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2021, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.021 g/t gold is very low and likely a byproduct credit.
Evidence · table
“0.021”
Context: 24.6
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredAlford East · copperTonnes: 6800000Grade: 0.13Grade Unit: %Contained Metal: 9000Contained Unit: tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford East
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:937d3ba6b257c04ddc7d
- Deposit or zone
- AE_2
- Material type
- oxide
- Ownership percent
- 80 %
Resource Data
- Category
- inferred
- Tonnes
- 6800000
- Grade
- 0.13
- Grade Unit
- %
- Contained Metal
- 9000
- Contained Unit
- t
- Cutoff Grade
- 0.05
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2021-01-22
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-01-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, low-grade inferred resource for copper, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2021, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.13% copper is low for a standalone copper project.
Evidence · table
“0.13”
Context: 6.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredAlford East · goldTonnes: 6800000Grade: 0.004Grade Unit: g/tContained Metal: 1000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford East
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:937d3ba6b257c04ddc7d
- Deposit or zone
- AE_2
- Material type
- oxide
- Ownership percent
- 80 %
Resource Data
- Category
- inferred
- Tonnes
- 6800000
- Grade
- 0.004
- Grade Unit
- g/t
- Contained Metal
- 1000
- Contained Unit
- oz
- Cutoff Grade
- 0.05
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2021-01-22
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-01-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, very low-grade inferred resource for gold, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2021, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.004 g/t gold is very low and likely a byproduct credit.
Evidence · table
“0.004”
Context: 6.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredAlford East · copperTonnes: 34900000Grade: 0.09Grade Unit: %Contained Metal: 33000Contained Unit: tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford East
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:ad965b8c3705cbae1ecb
- Deposit or zone
- AE_3
- Material type
- oxide
- Ownership percent
- 80 %
Resource Data
- Category
- inferred
- Tonnes
- 34900000
- Grade
- 0.09
- Grade Unit
- %
- Contained Metal
- 33000
- Contained Unit
- t
- Cutoff Grade
- 0.05
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2021-01-22
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-01-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, low-grade inferred resource for copper, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2021, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.09% copper is low for a standalone copper project.
Evidence · table
“0.09”
Context: 34.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredAlford East · goldTonnes: 34900000Grade: 0.022Grade Unit: g/tContained Metal: 25000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford East
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:ad965b8c3705cbae1ecb
- Deposit or zone
- AE_3
- Material type
- oxide
- Ownership percent
- 80 %
Resource Data
- Category
- inferred
- Tonnes
- 34900000
- Grade
- 0.022
- Grade Unit
- g/t
- Contained Metal
- 25000
- Contained Unit
- oz
- Cutoff Grade
- 0.05
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2021-01-22
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-01-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, very low-grade inferred resource for gold, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2021, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.022 g/t gold is very low and likely a byproduct credit.
Evidence · table
“0.022”
Context: 34.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredAlford East · copperTonnes: 8000000Grade: 0.11Grade Unit: %Contained Metal: 8000Contained Unit: tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford East
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:38afd71d0bcfdb30491d
- Deposit or zone
- AE_4
- Material type
- oxide
- Ownership percent
- 80 %
Resource Data
- Category
- inferred
- Tonnes
- 8000000
- Grade
- 0.11
- Grade Unit
- %
- Contained Metal
- 8000
- Contained Unit
- t
- Cutoff Grade
- 0.05
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2021-01-22
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-01-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, low-grade inferred resource for copper, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2021, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.11% copper is low for a standalone copper project.
Evidence · table
“0.11”
Context: 8.0
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredAlford East · goldTonnes: 8000000Grade: 0.016Grade Unit: g/tContained Metal: 4000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford East
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:38afd71d0bcfdb30491d
- Deposit or zone
- AE_4
- Material type
- oxide
- Ownership percent
- 80 %
Resource Data
- Category
- inferred
- Tonnes
- 8000000
- Grade
- 0.016
- Grade Unit
- g/t
- Contained Metal
- 4000
- Contained Unit
- oz
- Cutoff Grade
- 0.05
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2021-01-22
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-01-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, very low-grade inferred resource for gold, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2021, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.016 g/t gold is very low and likely a byproduct credit.
Evidence · table
“0.016”
Context: 8.0
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredAlford East · copperTonnes: 11000000Grade: 0.22Grade Unit: %Contained Metal: 24000Contained Unit: tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford East
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:be3e885b5c5a678a72e2
- Deposit or zone
- AE_5
- Material type
- oxide
- Ownership percent
- 80 %
Resource Data
- Category
- inferred
- Tonnes
- 11000000
- Grade
- 0.22
- Grade Unit
- %
- Contained Metal
- 24000
- Contained Unit
- t
- Cutoff Grade
- 0.05
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2021-01-22
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-01-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, low-grade inferred resource for copper, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2021, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.22% copper is low for a standalone copper project.
Evidence · table
“0.22”
Context: 11.0
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredAlford East · goldTonnes: 11000000Grade: 0.03Grade Unit: g/tContained Metal: 11000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford East
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:be3e885b5c5a678a72e2
- Deposit or zone
- AE_5
- Material type
- oxide
- Ownership percent
- 80 %
Resource Data
- Category
- inferred
- Tonnes
- 11000000
- Grade
- 0.03
- Grade Unit
- g/t
- Contained Metal
- 11000
- Contained Unit
- oz
- Cutoff Grade
- 0.05
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2021-01-22
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-01-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, very low-grade inferred resource for gold, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2021, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.030 g/t gold is very low and likely a byproduct credit.
Evidence · table
“0.030”
Context: 11.0
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredAlford East · copperTonnes: 31300000Grade: 0.19Grade Unit: %Contained Metal: 61000Contained Unit: tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford East
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:8d3dbf9b84639c12dd78
- Deposit or zone
- AE-8
- Material type
- oxide
- Ownership percent
- 80 %
Resource Data
- Category
- inferred
- Tonnes
- 31300000
- Grade
- 0.19
- Grade Unit
- %
- Contained Metal
- 61000
- Contained Unit
- t
- Cutoff Grade
- 0.05
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2021-01-22
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-01-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, low-grade inferred resource for copper, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2021, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.19% copper is low for a standalone copper project.
Evidence · table
“0.19”
Context: 31.3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredAlford East · goldTonnes: 31300000Grade: 0.008Grade Unit: g/tContained Metal: 8000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford East
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:8d3dbf9b84639c12dd78
- Deposit or zone
- AE-8
- Material type
- oxide
- Ownership percent
- 80 %
Resource Data
- Category
- inferred
- Tonnes
- 31300000
- Grade
- 0.008
- Grade Unit
- g/t
- Contained Metal
- 8000
- Contained Unit
- oz
- Cutoff Grade
- 0.05
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2021-01-22
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-01-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, very low-grade inferred resource for gold, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2021, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.008 g/t gold is very low and likely a byproduct credit.
Evidence · table
“0.008”
Context: 31.3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredAlford East · copperTonnes: 7700000Grade: 0.14Grade Unit: %Contained Metal: 10000Contained Unit: tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford East
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:f5d882bfbb811262ec30
- Deposit or zone
- AE-7
- Material type
- oxide
- Ownership percent
- 80 %
Resource Data
- Category
- inferred
- Tonnes
- 7700000
- Grade
- 0.14
- Grade Unit
- %
- Contained Metal
- 10000
- Contained Unit
- t
- Cutoff Grade
- 0.05
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2021-01-22
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-01-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, low-grade inferred resource for copper, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2021, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.14% copper is low for a standalone copper project.
Evidence · table
“0.14”
Context: 7.7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredAlford East · goldTonnes: 7700000Grade: 0.025Grade Unit: g/tContained Metal: 6000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford East
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:f5d882bfbb811262ec30
- Deposit or zone
- AE-7
- Material type
- oxide
- Ownership percent
- 80 %
Resource Data
- Category
- inferred
- Tonnes
- 7700000
- Grade
- 0.025
- Grade Unit
- g/t
- Contained Metal
- 6000
- Contained Unit
- oz
- Cutoff Grade
- 0.05
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2021-01-22
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-01-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, very low-grade inferred resource for gold, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2021, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.025 g/t gold is very low and likely a byproduct credit.
Evidence · table
“0.025”
Context: 7.7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredAlford East · copperTonnes: 1300000Grade: 0.13Grade Unit: %Contained Metal: 2000Contained Unit: tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford East
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:a272e986f5af3c038d5a
- Deposit or zone
- AE-6
- Material type
- oxide
- Ownership percent
- 80 %
Resource Data
- Category
- inferred
- Tonnes
- 1300000
- Grade
- 0.13
- Grade Unit
- %
- Contained Metal
- 2000
- Contained Unit
- t
- Cutoff Grade
- 0.05
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2021-01-22
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-01-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, low-grade inferred resource for copper, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2021, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.13% copper is low for a standalone copper project.
Evidence · table
“0.13”
Context: 1.3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredAlford East · goldTonnes: 1300000Grade: 0.011Grade Unit: g/tContained Metal: 500Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford East
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:a272e986f5af3c038d5a
- Deposit or zone
- AE-6
- Material type
- oxide
- Ownership percent
- 80 %
Resource Data
- Category
- inferred
- Tonnes
- 1300000
- Grade
- 0.011
- Grade Unit
- g/t
- Contained Metal
- 500
- Contained Unit
- oz
- Cutoff Grade
- 0.05
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2021-01-22
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-01-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, very low-grade inferred resource for gold, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2021, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.011 g/t gold is very low and likely a byproduct credit.
Evidence · table
“0.011”
Context: 1.3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredAlford East · copperTonnes: 125600000Grade: 0.14Grade Unit: %Contained Metal: 177000Contained Unit: tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford East
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:fa812a0f65d9d1fccc6e
- Deposit or zone
- Total
- Material type
- oxide
- Ownership percent
- 80 %
Resource Data
- Category
- inferred
- Tonnes
- 125600000
- Grade
- 0.14
- Grade Unit
- %
- Contained Metal
- 177000
- Contained Unit
- t
- Cutoff Grade
- 0.05
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2021-01-22
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-01-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, low-grade inferred resource for copper, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2021, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.14% copper is low for a standalone copper project.
Evidence · table
“0.14”
Context: 125.6
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredAlford East · goldTonnes: 125600000Grade: 0.018Grade Unit: g/tContained Metal: 71500Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford East
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:fa812a0f65d9d1fccc6e
- Deposit or zone
- Total
- Material type
- oxide
- Ownership percent
- 80 %
Resource Data
- Category
- inferred
- Tonnes
- 125600000
- Grade
- 0.018
- Grade Unit
- g/t
- Contained Metal
- 71500
- Contained Unit
- oz
- Cutoff Grade
- 0.05
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2021-01-22
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-01-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, very low-grade inferred resource for gold, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2021, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.018 g/t gold is very low and likely a byproduct credit.
Evidence · table
“0.018”
Context: 125.6
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredAlford West · copperTonnes: 46500000Grade: 0.17Grade Unit: %Contained Metal: 80000Contained Unit: tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford West
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:362f6050653223e95e85
- Deposit or zone
- Wombat
- Ownership percent
- 24 %
Resource Data
- Category
- inferred
- Tonnes
- 46500000
- Grade
- 0.17
- Grade Unit
- %
- Contained Metal
- 80000
- Contained Unit
- t
- Cutoff Grade
- 0.05
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2019-08-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-08-15T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, low-grade inferred resource for copper, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2019, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.17% copper is low for a standalone copper project.
Evidence · table
“0.17”
Context: 46.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.1 years before this release
inferredAlford West · copperTonnes: 11800000Grade: 0.19Grade Unit: %Contained Metal: 22000Contained Unit: tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford West
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:efc779059fa7cc39b1f6
- Deposit or zone
- Bruce
- Ownership percent
- 24 %
Resource Data
- Category
- inferred
- Tonnes
- 11800000
- Grade
- 0.19
- Grade Unit
- %
- Contained Metal
- 22000
- Contained Unit
- t
- Cutoff Grade
- 0.05
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2019-08-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-08-15T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, low-grade inferred resource for copper, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2019, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.19% copper is low for a standalone copper project.
Evidence · table
“0.19”
Context: 11.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.1 years before this release
inferredAlford West · copperTonnes: 7800000Grade: 0.15Grade Unit: %Contained Metal: 12000Contained Unit: tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford West
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:f9b2a060eb7aeeab16ef
- Deposit or zone
- Larwood
- Ownership percent
- 24 %
Resource Data
- Category
- inferred
- Tonnes
- 7800000
- Grade
- 0.15
- Grade Unit
- %
- Contained Metal
- 12000
- Contained Unit
- t
- Cutoff Grade
- 0.05
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2019-08-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-08-15T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, low-grade inferred resource for copper, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2019, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.15% copper is low for a standalone copper project.
Evidence · table
“0.15”
Context: 7.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.1 years before this release
inferredAlford West · goldTonnes: 7800000Grade: 0.04Grade Unit: g/tContained Metal: 10000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford West
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:f9b2a060eb7aeeab16ef
- Deposit or zone
- Larwood
- Ownership percent
- 24 %
Resource Data
- Category
- inferred
- Tonnes
- 7800000
- Grade
- 0.04
- Grade Unit
- g/t
- Contained Metal
- 10000
- Contained Unit
- oz
- Cutoff Grade
- 0.05
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2019-08-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-08-15T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, very low-grade inferred resource for gold, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2019, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.04 g/t gold is very low and likely a byproduct credit.
Evidence · table
“0.04”
Context: 7.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.1 years before this release
inferredAlford West · copperTonnes: 66100000Grade: 0.17Grade Unit: %Contained Metal: 114000Contained Unit: tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford West
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:b7ce18dfb3ea5c3eb0d4
- Deposit or zone
- Total
- Ownership percent
- 24 %
Resource Data
- Category
- inferred
- Tonnes
- 66100000
- Grade
- 0.17
- Grade Unit
- %
- Contained Metal
- 114000
- Contained Unit
- t
- Cutoff Grade
- 0.05
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2019-08-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-08-15T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, low-grade inferred resource for copper, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2019, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.17% copper is low for a standalone copper project.
Evidence · table
“0.17”
Context: 66.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.1 years before this release
inferredKapunda · copperTonnes: 30300000Grade: 0.24Grade Unit: %Contained Metal: 73000Contained Unit: tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Kapunda
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:2c80198b5bbf653979f1
- Deposit or zone
- Copper Oxide
- Material type
- oxide
- Ownership percent
- 24 %
Resource Data
- Category
- inferred
- Tonnes
- 30300000
- Grade
- 0.24
- Grade Unit
- %
- Contained Metal
- 73000
- Contained Unit
- t
- Cutoff Grade
- 0.05
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2018-02-12
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-02-12T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, low-grade inferred resource for copper, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2018, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.24% copper is low for a standalone copper project.
Evidence · table
“0.24”
Context: 30.3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 8.6 years before this release
inferredKapunda · copperTonnes: 17100000Grade: 0.27Grade Unit: %Contained Metal: 46000Contained Unit: tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Kapunda
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:20a757367aee9289ecbd
- Deposit or zone
- Secondary copper sulphide
- Material type
- sulphide
- Ownership percent
- 24 %
Resource Data
- Category
- inferred
- Tonnes
- 17100000
- Grade
- 0.27
- Grade Unit
- %
- Contained Metal
- 46000
- Contained Unit
- t
- Cutoff Grade
- 0.05
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2018-02-12
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-02-12T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, low-grade inferred resource for copper, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2018, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.27% copper is low for a standalone copper project.
Evidence · table
“0.27”
Context: 17.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 8.6 years before this release
inferredKapunda · copperTonnes: 47400000Grade: 0.25Grade Unit: %Contained Metal: 119000Contained Unit: tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Kapunda
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:aff2b2885e665f9c9fcd
- Deposit or zone
- Total
- Ownership percent
- 24 %
Resource Data
- Category
- inferred
- Tonnes
- 47400000
- Grade
- 0.25
- Grade Unit
- %
- Contained Metal
- 119000
- Contained Unit
- t
- Cutoff Grade
- 0.05
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2018-02-12
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-02-12T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, low-grade inferred resource for copper, indicating low confidence and limited current relevance.
Negative factors
- Estimate is historical, reported in 2018, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.25% copper is low for a standalone copper project.
Evidence · table
“0.25”
Context: 47.4
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 8.6 years before this release
inferredHY-Range · hydrogenContained Metal: 275Contained Unit: bcfView all detailsHide details
Identity
- Project
- HY-Range
- Commodity
- hydrogen
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- Yes
- Resource group id
- resource:3c209edc8886a4ddb373
- Deposit or zone
- RSEL 802 (net) 1U
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Contained Metal
- 275
- Contained Unit
- bcf
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a maiden prospective resource for hydrogen, providing an initial estimate of potential, but is highly speculative due to its inferred nature and undiscovered status.
Positive factors
- Maiden prospective resource for hydrogen, establishing a baseline for future exploration.
- Assessment undertaken by reputable independent consultant (RISC Advisory Pty Ltd).
Negative factors
- Resource is prospective and entirely in the Inferred category, indicating high geological uncertainty.
- Quantities relate to undiscovered accumulations, requiring further exploration and evaluation.
Evidence · table
“275”
Context: 1U
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredHY-Range · heliumContained Metal: 25Contained Unit: bcfView all detailsHide details
Identity
- Project
- HY-Range
- Commodity
- helium
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- Yes
- Resource group id
- resource:3c209edc8886a4ddb373
- Deposit or zone
- RSEL 802 (net) 1U
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Contained Metal
- 25
- Contained Unit
- bcf
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a maiden prospective resource for helium, providing an initial estimate of potential, but is highly speculative due to its inferred nature and undiscovered status.
Positive factors
- Maiden prospective resource for helium, establishing a baseline for future exploration.
- Assessment undertaken by reputable independent consultant (RISC Advisory Pty Ltd).
Negative factors
- Resource is prospective and entirely in the Inferred category, indicating high geological uncertainty.
- Quantities relate to undiscovered accumulations, requiring further exploration and evaluation.
Evidence · table
“25”
Context: 1U
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredHY-Range · hydrogenContained Metal: 1050Contained Unit: bcfView all detailsHide details
Identity
- Project
- HY-Range
- Commodity
- hydrogen
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- Yes
- Resource group id
- resource:eae6deb703aa0ebc6ce6
- Deposit or zone
- RSEL 802 (net) 2U
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Contained Metal
- 1050
- Contained Unit
- bcf
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a maiden prospective resource for hydrogen with a significant contained metal quantity, but remains highly speculative due to its inferred nature and undiscovered status.
Positive factors
- Maiden prospective resource for hydrogen, establishing a baseline for future exploration.
- Assessment undertaken by reputable independent consultant (RISC Advisory Pty Ltd).
- Significant contained metal quantity (1,050 Bcf) for a prospective resource.
Negative factors
- Resource is prospective and entirely in the Inferred category, indicating high geological uncertainty.
- Quantities relate to undiscovered accumulations, requiring further exploration and evaluation.
Evidence · table
“1,050”
Context: 2U
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredHY-Range · heliumContained Metal: 115Contained Unit: bcfView all detailsHide details
Identity
- Project
- HY-Range
- Commodity
- helium
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- Yes
- Resource group id
- resource:eae6deb703aa0ebc6ce6
- Deposit or zone
- RSEL 802 (net) 2U
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Contained Metal
- 115
- Contained Unit
- bcf
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a maiden prospective resource for helium with a significant contained metal quantity, but remains highly speculative due to its inferred nature and undiscovered status.
Positive factors
- Maiden prospective resource for helium, establishing a baseline for future exploration.
- Assessment undertaken by reputable independent consultant (RISC Advisory Pty Ltd).
- Significant contained metal quantity (115 Bcf) for a prospective resource.
Negative factors
- Resource is prospective and entirely in the Inferred category, indicating high geological uncertainty.
- Quantities relate to undiscovered accumulations, requiring further exploration and evaluation.
Evidence · table
“115”
Context: 2U
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredHY-Range · hydrogenContained Metal: 3511Contained Unit: bcfView all detailsHide details
Identity
- Project
- HY-Range
- Commodity
- hydrogen
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- Yes
- Resource group id
- resource:701e3d48327e988c991f
- Deposit or zone
- RSEL 802 (net) 3U
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Contained Metal
- 3511
- Contained Unit
- bcf
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a maiden prospective resource for hydrogen, providing an initial estimate of potential, but is highly speculative due to its inferred nature and undiscovered status.
Positive factors
- Maiden prospective resource for hydrogen, establishing a baseline for future exploration.
- Assessment undertaken by reputable independent consultant (RISC Advisory Pty Ltd).
Negative factors
- Resource is prospective and entirely in the Inferred category, indicating high geological uncertainty.
- Quantities relate to undiscovered accumulations, requiring further exploration and evaluation.
Evidence · table
“3,511”
Context: 3U
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredHY-Range · heliumContained Metal: 427Contained Unit: bcfView all detailsHide details
Identity
- Project
- HY-Range
- Commodity
- helium
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- Yes
- Resource group id
- resource:701e3d48327e988c991f
- Deposit or zone
- RSEL 802 (net) 3U
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Contained Metal
- 427
- Contained Unit
- bcf
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a maiden prospective resource for helium, providing an initial estimate of potential, but is highly speculative due to its inferred nature and undiscovered status.
Positive factors
- Maiden prospective resource for helium, establishing a baseline for future exploration.
- Assessment undertaken by reputable independent consultant (RISC Advisory Pty Ltd).
Negative factors
- Resource is prospective and entirely in the Inferred category, indicating high geological uncertainty.
- Quantities relate to undiscovered accumulations, requiring further exploration and evaluation.
Evidence · table
“427”
Context: 3U
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredHY-Range · hydrogenContained Metal: 221Contained Unit: bcfView all detailsHide details
Identity
- Project
- HY-Range
- Commodity
- hydrogen
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- Yes
- Resource group id
- resource:ba046488d5d14d9b37d1
- Deposit or zone
- Thor (net) 1U
- Ownership percent
- 80.2 %
- Resource basis
- attributable
Resource Data
- Category
- inferred
- Contained Metal
- 221
- Contained Unit
- bcf
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a maiden attributable prospective resource for hydrogen, providing an initial estimate of potential, but is highly speculative due to its inferred nature and undiscovered status.
Positive factors
- Maiden attributable prospective resource for hydrogen, establishing a baseline for future exploration.
- Assessment undertaken by reputable independent consultant (RISC Advisory Pty Ltd).
Negative factors
- Resource is prospective and entirely in the Inferred category, indicating high geological uncertainty.
- Quantities relate to undiscovered accumulations, requiring further exploration and evaluation.
Evidence · table
“221”
Context: Thor (net)
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredHY-Range · heliumContained Metal: 20Contained Unit: bcfView all detailsHide details
Identity
- Project
- HY-Range
- Commodity
- helium
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- Yes
- Resource group id
- resource:ba046488d5d14d9b37d1
- Deposit or zone
- Thor (net) 1U
- Ownership percent
- 80.2 %
- Resource basis
- attributable
Resource Data
- Category
- inferred
- Contained Metal
- 20
- Contained Unit
- bcf
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a maiden attributable prospective resource for helium, providing an initial estimate of potential, but is highly speculative due to its inferred nature and undiscovered status.
Positive factors
- Maiden attributable prospective resource for helium, establishing a baseline for future exploration.
- Assessment undertaken by reputable independent consultant (RISC Advisory Pty Ltd).
Negative factors
- Resource is prospective and entirely in the Inferred category, indicating high geological uncertainty.
- Quantities relate to undiscovered accumulations, requiring further exploration and evaluation.
Evidence · table
“20”
Context: Thor (net)
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredHY-Range · hydrogenContained Metal: 842Contained Unit: bcfView all detailsHide details
Identity
- Project
- HY-Range
- Commodity
- hydrogen
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- Yes
- Resource group id
- resource:18b4e23224a10517dd5b
- Deposit or zone
- Thor (net) 2U
- Ownership percent
- 80.2 %
- Resource basis
- attributable
Resource Data
- Category
- inferred
- Contained Metal
- 842
- Contained Unit
- bcf
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a maiden attributable prospective resource for hydrogen with a significant contained metal quantity, but remains highly speculative due to its inferred nature and undiscovered status.
Positive factors
- Maiden attributable prospective resource for hydrogen, establishing a baseline for future exploration.
- Assessment undertaken by reputable independent consultant (RISC Advisory Pty Ltd).
- Significant contained metal quantity (842 Bcf) for a prospective resource.
Negative factors
- Resource is prospective and entirely in the Inferred category, indicating high geological uncertainty.
- Quantities relate to undiscovered accumulations, requiring further exploration and evaluation.
Evidence · table
“842”
Context: Thor (net)
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredHY-Range · heliumContained Metal: 90Contained Unit: bcfView all detailsHide details
Identity
- Project
- HY-Range
- Commodity
- helium
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- Yes
- Resource group id
- resource:18b4e23224a10517dd5b
- Deposit or zone
- Thor (net) 2U
- Ownership percent
- 80.2 %
- Resource basis
- attributable
Resource Data
- Category
- inferred
- Contained Metal
- 90
- Contained Unit
- bcf
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a maiden attributable prospective resource for helium with a significant contained metal quantity, but remains highly speculative due to its inferred nature and undiscovered status.
Positive factors
- Maiden attributable prospective resource for helium, establishing a baseline for future exploration.
- Assessment undertaken by reputable independent consultant (RISC Advisory Pty Ltd).
- Significant contained metal quantity (90 Bcf) for a prospective resource.
Negative factors
- Resource is prospective and entirely in the Inferred category, indicating high geological uncertainty.
- Quantities relate to undiscovered accumulations, requiring further exploration and evaluation.
Evidence · table
“90”
Context: Thor (net)
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredHY-Range · hydrogenContained Metal: 2816Contained Unit: bcfView all detailsHide details
Identity
- Project
- HY-Range
- Commodity
- hydrogen
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- Yes
- Resource group id
- resource:a25c0854c968b4b06e99
- Deposit or zone
- Thor (net) 3U
- Ownership percent
- 80.2 %
- Resource basis
- attributable
Resource Data
- Category
- inferred
- Contained Metal
- 2816
- Contained Unit
- bcf
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a maiden attributable prospective resource for hydrogen, providing an initial estimate of potential, but is highly speculative due to its inferred nature and undiscovered status.
Positive factors
- Maiden attributable prospective resource for hydrogen, establishing a baseline for future exploration.
- Assessment undertaken by reputable independent consultant (RISC Advisory Pty Ltd).
Negative factors
- Resource is prospective and entirely in the Inferred category, indicating high geological uncertainty.
- Quantities relate to undiscovered accumulations, requiring further exploration and evaluation.
Evidence · table
“2,816”
Context: Thor (net)
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredHY-Range · heliumContained Metal: 343Contained Unit: bcfView all detailsHide details
Identity
- Project
- HY-Range
- Commodity
- helium
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- Yes
- Resource group id
- resource:a25c0854c968b4b06e99
- Deposit or zone
- Thor (net) 3U
- Ownership percent
- 80.2 %
- Resource basis
- attributable
Resource Data
- Category
- inferred
- Contained Metal
- 343
- Contained Unit
- bcf
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a maiden attributable prospective resource for helium, providing an initial estimate of potential, but is highly speculative due to its inferred nature and undiscovered status.
Positive factors
- Maiden attributable prospective resource for helium, establishing a baseline for future exploration.
- Assessment undertaken by reputable independent consultant (RISC Advisory Pty Ltd).
Negative factors
- Resource is prospective and entirely in the Inferred category, indicating high geological uncertainty.
- Quantities relate to undiscovered accumulations, requiring further exploration and evaluation.
Evidence · table
“343”
Context: Thor (net)
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Fact 39Molyhil Tungsten Project · tungstenView all detailsHide details
Identity
- Project
- Molyhil Tungsten Project
- Commodity
- tungsten
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- THR
Resource scope
- Resource group id
- resource:64cb40ecf910a825119f
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The sale of the Molyhil project is a positive strategic move, generating substantial non-dilutive funding and streamlining the company's portfolio.
Positive factors
- Sale generated significant cash and deferred consideration, funding core projects without dilution.
- Reduced holding costs for a non-core asset.
- Consideration includes cash and shares, providing flexibility.
Evidence · text
“In September 2025 we signed a Term Sheet for the sale of our 75% interest in the Molyhil Tungsten Project (held via the FRAM Joint Venture) to ASX-listed Tivan Limited for total consideration of up to A$8.75 million(£4.375 million)with Molyhil’s 75% share worth $6,562,500 (£3,281,250). The first cash payment of A$2.25 million (£1,125 million) was received in January 2026, and we received the first of three further annual deferred completion payments of A$1,312,500 (£656,000), post period, in September 2026 with Tivan electing to pay 50% in cash and 50% in shares.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 40Molyhil Tungsten Project · molybdenumView all detailsHide details
Identity
- Project
- Molyhil Tungsten Project
- Commodity
- molybdenum
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- THR
Resource scope
- Resource group id
- resource:64cb40ecf910a825119f
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The sale of the Molyhil project is a positive strategic move, generating substantial non-dilutive funding and streamlining the company's portfolio.
Positive factors
- Sale generated significant cash and deferred consideration, funding core projects without dilution.
- Reduced holding costs for a non-core asset.
- Consideration includes cash and shares, providing flexibility.
Evidence · text
“In September 2025 we signed a Term Sheet for the sale of our 75% interest in the Molyhil Tungsten Project (held via the FRAM Joint Venture) to ASX-listed Tivan Limited for total consideration of up to A$8.75 million(£4.375 million)with Molyhil’s 75% share worth $6,562,500 (£3,281,250). The first cash payment of A$2.25 million (£1,125 million) was received in January 2026, and we received the first of three further annual deferred completion payments of A$1,312,500 (£656,000), post period, in September 2026 with Tivan electing to pay 50% in cash and 50% in shares.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 41Molyhil Tungsten Project · copperView all detailsHide details
Identity
- Project
- Molyhil Tungsten Project
- Commodity
- copper
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- THR
Resource scope
- Resource group id
- resource:64cb40ecf910a825119f
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The sale of the Molyhil project is a positive strategic move, generating substantial non-dilutive funding and streamlining the company's portfolio.
Positive factors
- Sale generated significant cash and deferred consideration, funding core projects without dilution.
- Reduced holding costs for a non-core asset.
- Consideration includes cash and shares, providing flexibility.
Evidence · text
“In September 2025 we signed a Term Sheet for the sale of our 75% interest in the Molyhil Tungsten Project (held via the FRAM Joint Venture) to ASX-listed Tivan Limited for total consideration of up to A$8.75 million(£4.375 million)with Molyhil’s 75% share worth $6,562,500 (£3,281,250). The first cash payment of A$2.25 million (£1,125 million) was received in January 2026, and we received the first of three further annual deferred completion payments of A$1,312,500 (£656,000), post period, in September 2026 with Tivan electing to pay 50% in cash and 50% in shares.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 42US assets (Groundhog, Radium Mountain, Vanadium King claim groups) · uraniumView all detailsHide details
Identity
- Project
- US assets (Groundhog, Radium Mountain, Vanadium King claim groups)
- Commodity
- uranium
- Region
- usa_ut
- Reported Region
- Colorado & Utah, USA
- Ticker
- THR
Resource scope
- Resource group id
- resource:f9d6df5ef5b7988a4074
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The sale of US uranium/vanadium assets is a positive strategic move, providing non-dilutive funding and retaining exposure to future upside without further capital outlay.
Positive factors
- Sale generated cash and shares, contributing to non-dilutive funding.
- Reduced holding costs for non-core US assets.
- Retained 25% fully carried interest provides future upside without expenditure.
Evidence · text
“In August 2025, the Group also successfully sold its 75% stake in its US assets to Metals One Plc (AIM:MET1). In October 2025 via our retained 25% interest in the above we signed a binding agreement with DISA Technologies, Inc. to evaluate and potentially develop historically abandoned uranium mine waste at our Colorado Projects, with the potential to generate a fully carried gross revenue share of 2.5% to 4.0% for Thor, requiring no capital or operating expenditure from the Company and delivering socio-environmental improvements to the area.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 43US assets (Groundhog, Radium Mountain, Vanadium King claim groups) · vanadiumView all detailsHide details
Identity
- Project
- US assets (Groundhog, Radium Mountain, Vanadium King claim groups)
- Commodity
- vanadium
- Region
- usa_ut
- Reported Region
- Colorado & Utah, USA
- Ticker
- THR
Resource scope
- Resource group id
- resource:f9d6df5ef5b7988a4074
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The sale of US uranium/vanadium assets is a positive strategic move, providing non-dilutive funding and retaining exposure to future upside without further capital outlay.
Positive factors
- Sale generated cash and shares, contributing to non-dilutive funding.
- Reduced holding costs for non-core US assets.
- Retained 25% fully carried interest provides future upside without expenditure.
Evidence · text
“In August 2025, the Group also successfully sold its 75% stake in its US assets to Metals One Plc (AIM:MET1). In October 2025 via our retained 25% interest in the above we signed a binding agreement with DISA Technologies, Inc. to evaluate and potentially develop historically abandoned uranium mine waste at our Colorado Projects, with the potential to generate a fully carried gross revenue share of 2.5% to 4.0% for Thor, requiring no capital or operating expenditure from the Company and delivering socio-environmental improvements to the area.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 44Colorado Projects (historically abandoned uranium mine waste) · uraniumView all detailsHide details
Identity
- Project
- Colorado Projects (historically abandoned uranium mine waste)
- Commodity
- uranium
- Region
- usa_co
- Reported Region
- Colorado, USA
- Ticker
- THR
Resource scope
- Resource group id
- resource:0f84ef8417fb09abd686
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This agreement provides a low-risk opportunity for Thor to generate revenue from its retained US uranium interests without further capital investment.
Positive factors
- Potential for revenue generation from historically abandoned mine waste.
- No capital or operating expenditure required from Thor, de-risking the venture.
- Leverages retained interest in US assets for additional value.
Evidence · text
“In October 2025 via our retained 25% interest in the above we signed a binding agreement with DISA Technologies, Inc. to evaluate and potentially develop historically abandoned uranium mine waste at our Colorado Projects, with the potential to generate a fully carried gross revenue share of 2.5% to 4.0% for Thor, requiring no capital or operating expenditure from the Company and delivering socio-environmental improvements to the area.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 45Colorado Projects (historically abandoned uranium mine waste) · critical mineralsView all detailsHide details
Identity
- Project
- Colorado Projects (historically abandoned uranium mine waste)
- Commodity
- critical minerals
- Region
- usa_co
- Reported Region
- Colorado, USA
- Ticker
- THR
Resource scope
- Resource group id
- resource:0f84ef8417fb09abd686
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This agreement provides a low-risk opportunity for Thor to generate revenue from its retained US uranium interests without further capital investment.
Positive factors
- Potential for revenue generation from historically abandoned mine waste.
- No capital or operating expenditure required from Thor, de-risking the venture.
- Leverages retained interest in US assets for additional value.
Evidence · text
“In October 2025 via our retained 25% interest in the above we signed a binding agreement with DISA Technologies, Inc. to evaluate and potentially develop historically abandoned uranium mine waste at our Colorado Projects, with the potential to generate a fully carried gross revenue share of 2.5% to 4.0% for Thor, requiring no capital or operating expenditure from the Company and delivering socio-environmental improvements to the area.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 46Alford West and Kapunda projects · copperView all detailsHide details
Identity
- Project
- Alford West and Kapunda projects
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Resource group id
- resource:3d0f3d2a058d2d77c010
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The investment by a large international energy company in ECL's copper projects provides strong external validation and removes funding requirements for Thor, despite potential future dilution.
Positive factors
- Significant external endorsement of ECL's ISR technology and projects.
- Removes funding requirements from Thor for these projects.
- Validates the quality of the underlying assets.
Negative factors
- Potential for dilution of Thor's equity holding in ECL if the investment converts to shares.
Evidence · text
“In October 2025, we announced that a large international energy company had agreed to invest A$3.5 million (£1.75 million) into ECL to collaborate on its ISR technology and on the Kapunda and Alford copper projects, with the option to convert that investment into a shareholding in ECL.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredAlford West · copperTonnes: 20910000Grade: 46.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford West
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:4ee49bb6e146c94e451e
- Deposit or zone
- Wombat
- Ownership percent
- 24 %
Resource Data
- Category
- inferred
- Tonnes
- 20910000
- Grade
- 46.5
- Grade Unit
- %
- Cutoff Grade
- 0.05
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2019-08-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-08-15T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, low-grade inferred resource for copper, indicating low confidence and limited current relevance. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Estimate is historical, reported in 2019, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.17% copper is low for a standalone copper project.
Evidence · table
“46.5”
Context: 20.91
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.1 years before this release
inferredAlford West · goldTonnes: 20910000Grade: 80000Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford West
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:4ee49bb6e146c94e451e
- Deposit or zone
- Wombat
- Ownership percent
- 24 %
Resource Data
- Category
- inferred
- Tonnes
- 20910000
- Grade
- 80000
- Grade Unit
- g/t
- Cutoff Grade
- 0.05
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2019-08-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-08-15T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, low-grade inferred resource for copper, indicating low confidence and limited current relevance. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Estimate is historical, reported in 2019, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.17% copper is low for a standalone copper project.
Evidence · table
“80,000”
Context: 20.91
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.1 years before this release
inferredAlford West · copperTonnes: 5510000Grade: 11.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford West
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:a10cdd25ed7be9c78a11
- Deposit or zone
- Wombat
- Ownership percent
- 24 %
Resource Data
- Category
- inferred
- Tonnes
- 5510000
- Grade
- 11.8
- Grade Unit
- %
- Cutoff Grade
- 0.05
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2019-08-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-08-15T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, low-grade inferred resource for copper, indicating low confidence and limited current relevance. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Estimate is historical, reported in 2019, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.17% copper is low for a standalone copper project.
Evidence · table
“11.8”
Context: 5.51
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.1 years before this release
inferredAlford West · goldTonnes: 5510000Grade: 22000Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford West
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:a10cdd25ed7be9c78a11
- Deposit or zone
- Wombat
- Ownership percent
- 24 %
Resource Data
- Category
- inferred
- Tonnes
- 5510000
- Grade
- 22000
- Grade Unit
- g/t
- Cutoff Grade
- 0.05
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2019-08-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-08-15T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, low-grade inferred resource for copper, indicating low confidence and limited current relevance. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Estimate is historical, reported in 2019, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.17% copper is low for a standalone copper project.
Evidence · table
“22,000”
Context: 5.51
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.1 years before this release
inferredAlford West · copperTonnes: 3480000Grade: 7.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford West
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:2ecaf5d664a2fd66850c
- Deposit or zone
- Wombat
- Ownership percent
- 24 %
Resource Data
- Category
- inferred
- Tonnes
- 3480000
- Grade
- 7.8
- Grade Unit
- %
- Cutoff Grade
- 0.05
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2019-08-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-08-15T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, low-grade inferred resource for copper, indicating low confidence and limited current relevance. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Estimate is historical, reported in 2019, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.17% copper is low for a standalone copper project.
Evidence · table
“7.8”
Context: 3.48
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.1 years before this release
inferredAlford West · goldTonnes: 3480000Grade: 12000Grade Unit: g/tContained Metal: 0.04Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford West
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:2ecaf5d664a2fd66850c
- Deposit or zone
- Wombat
- Ownership percent
- 24 %
Resource Data
- Category
- inferred
- Tonnes
- 3480000
- Grade
- 12000
- Grade Unit
- g/t
- Contained Metal
- 0.04
- Contained Unit
- oz
- Cutoff Grade
- 0.05
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2019-08-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-08-15T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, low-grade inferred resource for copper, indicating low confidence and limited current relevance. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Estimate is historical, reported in 2019, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.17% copper is low for a standalone copper project.
Evidence · table
“12,000”
Context: 3.48
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.1 years before this release
inferredAlford West · copperTonnes: 29900000Grade: 66.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford West
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:95e29405a006acb4bf82
- Ownership percent
- 24 %
Resource Data
- Category
- inferred
- Tonnes
- 29900000
- Grade
- 66.1
- Grade Unit
- %
- Cutoff Grade
- 0.05
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2019-08-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-08-15T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, low-grade inferred resource for copper, indicating low confidence and limited current relevance. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Estimate is historical, reported in 2019, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.17% copper is low for a standalone copper project.
Evidence · table
“66.1”
Context: 29.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.1 years before this release
inferredAlford West · goldTonnes: 29900000Grade: 114000Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Alford West
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- THR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:95e29405a006acb4bf82
- Ownership percent
- 24 %
Resource Data
- Category
- inferred
- Tonnes
- 29900000
- Grade
- 114000
- Grade Unit
- g/t
- Cutoff Grade
- 0.05
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2019-08-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-08-15T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is an historical, low-grade inferred resource for copper, indicating low confidence and limited current relevance. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Estimate is historical, reported in 2019, and may not reflect current geological understanding.
- Resource is entirely in the Inferred category, indicating low geological confidence.
- Grade of 0.17% copper is low for a standalone copper project.
Evidence · table
“114,000”
Context: 29.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.1 years before this release
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.