Alligator completa su inversión inicial en ECL
25 de enero de 2024
thor energía plc
("Thor" o la "Compañía")
Alligator completes Initial Investment in EnviroCopper
Proyectos ISR de cobre, Australia del Sur
The directors of Thor Energy Plc ("Thor") (AIM, ASX: THR, OTCQB: THORF) are pleased to announce that Alligator Energy ("Alligator") has completed its initial investment in EnviroCopper Ltd ("ECL").
Aspectos interesantes
§ In mid-December 2023, Alligator announced that it planned to expand its energy minerals interest by making a strategic investment in EnviroCopper Ltd with future optionality to further invest to acquire up to 50.1% of the company.
§ Alligator and ECL entered into a Subscription Agreement for the initial transaction and, on completion of the transaction, agreed to enter into a Shareholders' Agreement governing Alligator's further staged investment options in ECL.
§ The conditions precedent to completion of the Subscription Agreement have now been met and Alligator has made the initial investment of ~$0.9M for a 7.8% interest in ECL.
§ Further details on the key commercial terms set out in the Shareholders' Agreement are set out in the ASX release dated 18 December 2023 - Alligator Invests into South Australian ISR Copper.
Recap of the basis of Alligator's investment:
§ Provides exposure to ECL's experienced In-Situ Recovery ("ISR") team. A technical advisory committee will be formed enabling Alligator to assist ECL with its planned in-situ trial work across all projects and an ability to jointly apply any IP that is developed.
§ ECL's experienced ISR team has undertaken significant exploration, R&D and approvals for test work into ISR of shallow fractured rock aquifer hosted oxide copper deposits and will continue to develop this knowledge at its existing portfolio as well as future prospects.
§ The investment in ECL and resultant collaboration is extremely complementary to Alligator's existing and substantial in house ISR expertise and expands Alligator's ISR footprint to include an additional future in-demand commodity.
§ The South Australian Government's copper strategy targeting 1Mtpa of copper production in the State provides a positive backdrop to the potential for ISR copper.
§ ISR has been successfully (and economically) used to extract copper in a number of projects both in Australia and the US and offers distinct advantages and environmental benefits over conventional open pit/crush /heap leach for shallow oxide copper projects.
Nicole Galloway Warland, directora general de Thor Energy, comentó:
"The completion of the initial investment by Alligator Energy in ECL reconfirms the strategic decision Thor made in its investment in ECL.
"When extracting metals that are crucial in the shift to a 'green' energy economy, it is important to ensure that this is done in the most sustainable way possible. Alligator's strategic investment will further support ECL's mission to develop smarter, lower-cost, and more environmentally friendly copper projects, and this will benefit the development of Thor Energy's copper ISR projects in South Australia.
"After the investment by Alligator and the transaction between ECL and Andromeda Metals Ltd, also announced in December, Thor will hold a 26.4% equity interest in ECL."
"We look forward to updating the market and our shareholders with further developments."
Alligator's CEO, Greg Hall commented:
"Alligator is very pleased to confirm completion of all outstanding matters for the initial investment into EnviroCopper Ltd. This represents a unique opportunity for Alligator to participate in copper ISR technology, research, and trials with an experienced team, plus assist as the projects potentially head towards commercial production.
"Alligator recently undertook a site visit to the Kapunda Copper ISR project to inspect the successfully completed push-pull copper ISR testwork, the results of which are being evaluated and finalised. We thank the staff and contractors of ECL for their ongoing work and progress."
Figura 1: Location of EnviroCopper Ltd's Kapunda and Alford West ISR copper projects
Figura 2: Alligator Energy team reviewing the successful push-pull in-situ copper recovery trial at Kapunda Copper ISR project
About EnviroCopper:
ECL was established in 2017 and is a copper ISR specialist focussed on its Kapunda and Alford West (Moonta) ISR projects in South Australia (Figura 1 y XNUMX).
ECL's specialist team has over 90 years of combined experience and is leading the way in copper ISR technology development. Through collaboration with leading universities and research institutions under a Commonwealth Government CRC-P Research grant in 2018, ECL is achieving successful outcomes in ISE mining study economics, environmental mitigation and community acceptance of this extension to existing ISR technology.
El Directorio de Thor Energy Plc aprobó este anuncio y autorizó su publicación.
thor energía plc | |
Nicole Galloway Warland, directora general
Ray Ridge, director financiero y secretario de la empresa
|
Tel: + 61 (8) 7324 1935
Tel: + 61 (8) 7324 1935 |
WH Ireland Limited (Asesor designado y Broker) | Tel: +44 (0) 207 220 1666 |
Antonio Bossi / Darshan Patel / Isaac Hooper
| |
SI Capital Limited (Conjunto Broker)
| Tel: + 44 (0) 1483 413 500 |
nick emerson
| |
Maillot amarillo (relaciones públicas financieras)
| |
Sarah Hollins / Shivantha Thambirajah / Bessie Elliot
| Tel: + 44 (0) 20 3004 9512 |
Las actualizaciones sobre las actividades de la Compañía se publican periódicamente en el sitio web de Thor. https://thorenergyplc.com que incluye la posibilidad de registrarse para recibir estas actualizaciones por correo electrónico y en la página X de la Compañía @thorenergyplc
Acerca de Thor Energy Plc
La Compañía se concentra en el uranio y los metales energéticos que son cruciales en el cambio hacia una economía energética 'verde'. Thor tiene una serie de proyectos altamente prospectivos que brindan a los accionistas exposición al uranio, níquel, cobre, litio y oro. Nuestros proyectos están ubicados en Australia y Estados Unidos.
Thor tiene una participación del 100 % en tres proyectos de uranio y vanadio (Wedding Bell, Radium Mountain y Vanadium King) en el cinturón de Uravan en Colorado y Utah, EE. UU., con resultados históricos de perforación y producción de uranio y vanadio de alta ley.
En Alford East, en el sur de Australia, Thor ha obtenido una participación del 80 % en depósitos de óxido de cobre que se consideran susceptibles de extracción mediante técnicas de recuperación in situ (ISR). En enero de 2021, Thor anunció una estimación de recursos minerales inferidos.¹. Thor también posee una participación del 30% en la empresa australiana de desarrollo de cobre EnviroCopper Limited, que a su vez tiene derechos para obtener hasta una participación del 75% en los derechos minerales y reclamaciones sobre el recurso en la parte de la histórica mina de cobre Kapunda y Alford West. proyecto de cobre, ambos situados en Australia del Sur, y ambos considerados susceptibles de recuperación mediante ISR.²³
Thor posee el 100% del proyecto avanzado de tungsteno Molyhil, incluidos recursos medidos, indicados e inferidos?, en el Territorio del Norte de Australia, al que el gobierno del Territorio del Norte le otorgó el estatus de proyecto importante en julio de 2020. Thor ejecutó un acuerdo de financiación y adquisición de derechos por valor de 8 millones de dólares australianos con Investigator Resources Limited (ASX: IVR) para acelerar la exploración en Molyhil. Proyecto el 24 de noviembre de 2022.6
Junto a Molyhil, en Bonya, Thor posee una participación del 40% en depósitos de tungsteno, cobre y vanadio, incluidas estimaciones de recursos inferidos para el depósito de cobre de Bonya y los depósitos de tungsteno White Violet y Samarcanda. ? Está previsto vender la participación de Thor en la propiedad Bonya EL29701 como parte del acuerdo de financiación y adquisición de derechos con Investigator Resources Limited.6
Thor posee el 100% del Proyecto Ragged Range, que comprende 92 km2 de licencias de exploración con resultados muy alentadores de oro y níquel en etapa inicial en la región de Pilbara en Australia Occidental.
Notas
1 https://thorenergyplc.com/investor-updates/maiden-copper-gold-mineral-resource-estimate-alford-east-copper-gold-isr-project/
2 www.thorenergyplc.com/sites/thormining/media/pdf/asx-announcements/20172018/20180222-clarification-kapunda-copper-resource-estimate.pdf
³ www.thorenergyplc.com/sites/thormining/media/aim-report/20190815-initial-copper-resource-estimate---moonta-project---rns---london-stock-exchange.pdf
4 https://thorenergyplc.com/investor-updates/molyhil-project-mineral-resource-estimate-updated/
5 www.thorenergyplc.com/sites/thormining/media/pdf/asx-announcements/20200129-mineral-resource-estimates---bonya-tungsten--copper.pdf
6 https://thorenergyplc.com/wp-content/uploads/2022/11/20221124-8M-Farm-in-Funding-Agreement.pdf
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