Thor Explorations Ltd is a low-cost gold producer listed on both the TSX Venture Exchange (TSX-V:THX) and AIM Market of the London Stock Exchange (AIM:THX). The company has a growing portfolio of mineral assets in West Africa, ranging from its producing mine, Segilola, to its Douta Project in Senegal and Guitry Project in Cote d’Ivoire. The Company’s assets are diversified by country and different stage of development.
In Q4 2021, Thor completed construction of its fully owned Segilola Gold Mine (Nigeria’s first commercial gold mine), which has a DFS base case reserve of 517,800 ounces at 4.2 g/t. The mine produced 98,006 ounces of gold in 2022 and 84,609 ounces in 2023. It has a life of mine of 5.5 years.
Building on its first mover advantage in Nigeria, Thor’s new subsidiary, Newstar Minerals Limited, secured over 600 km² of tenure in Nigeria for lithium exploration, reinforcing Thor’s focus on West African mineral deposits.