Informe de medio año
5 de marzo de 2023
thor energía plc
("Thor" o la "Compañía")
Informe semestral
Los directores de Thor Energy plc (AIM, ASX: THR) se complacen en anunciar los resultados de la Compañía para los seis meses finalizados el 31 de diciembre de 2023.
El informe semestral de la empresa también se presentó en la Bolsa de Valores de Australia ("ASX") según lo exigen las normas de cotización de la ASX. Una copia del Informe Semestral está disponible en el sitio web de la Compañía: https://thorenergyplc.com/.
Informe de medio año
Por los seis meses terminados
31 de diciembre 2023
Drilling at Section 23, Wedding Bell Uranium Project, USA
Nicole Galloway Warland, directora general de Thor Energy, comentó:
"After ending the year with consistent high-grade uranium results from our 2023 drilling program, we are optimistic about our 2024 drilling programs as we continue to strategically position our portfolio towards advancing our 'green energy' projects in the US.
"Uranium prices throughout the second half of 2023 performed well, supported by strong supply and demand fundamentals. This resulted in uranium breaking the resistance level of $100/lb in early 2024, recording a 16-year high and remaining above $100/lb. Looking ahead, the US Government announced plans to invest up to US$500m to help develop a secure domestic supply of nuclear energy fuel, as we mentioned in our Q4 2023 Quarterly Activities Report.
"Regarding our Australian portfolio, we advanced the In-Situ Recovery assessment of the Alford East Copper-REE-Gold Project, with reported favourable copper recoveries of up to 72.2%, performing above the 60%-70% usually expected for an In-Situ Recovery operation. Thor is constantly assessing its ESG practice and used GlyleachTM during the ISR assessment process as it is considered both environmentally friendly and more economical compared to the traditional lixiviant of sulphuric acid.
"Another successful venture accomplished in the second half of 2023 was to amalgamate Thor's 3D geological model with the new Ambient Noise Tomography 3D model through our collaborative partnership with Fleet Space Technologies on our Alford East Copper-REE Project. Thor is currently working on the resultant 3D model and expects it to be completed by the end of Q1 2024. This work will generate an improved geological model for drill targeting extensions and potential higher-grade copper zones within the Alford Copper Belt.
"EnviroCopper Limited, of which Thor owned 30% at the beginning of H2 2023, engaged with multiple parties over the second half of the calendar year. After multiple agreements were signed off, Thor's ownership was diluted to 26.3%. These investments will further support ECL's mission to develop smarter, lower-cost, and environmentally friendly copper projects, and will help energy metals be extracted in the most sustainable way possible. With in-ground lixiviant trials now underway at Kapunda, we are pleased with the progress being made, especially after the Government of South Australia awarded a key environmental approval to advance the Kapunda Copper ISR Project.
"The Company decided to divest its assets at Ragged Range as it seeks to drive ahead and focus on progress made on our US Uranium assets, Wedding Bell, Radium Mountain, and Vanadium King.
"With a strong pipeline of news flow expected for the coming months and project milestones across the portfolio, we anticipate 2024 to provide significant progress in our key assets and we will provide further updates in due course."
DESTACADOS
Uranio y Vanadio
Thor is encouraged by the growth opportunities in the uranium sector, with the uranium spot price breaking through US$100/lb, reaching a 16-year high in December 2023; supported by strong supply and demand fundamentals, climate change initiatives and the US Government investing up to US$500m to develop domestic supply of nuclear energy fuel from uranium.
Thor reaffirmed its strategic focus on uranium and commitment to advancing its USA assets with the second phase of drilling commencing at its Colorado Wedding Bell Project en 18 Octubre 2023. The reverse circulation ("RC") drill program comprised 23 shallow drillholes, totalling 2,737m. The program was designed to follow up on the successful 2022 maiden program, which targeted uranium and vanadium mineralisation within the prospective Salt Wash Member of the Morrison Formation, in the Uravan Mineral Belt.
The program identified the prospectivity of the Project, with shallow, uranium mineralisation intersected in all holes drilled at Section 23, Rim Rock Mine and Groundhog Mine, with high-grade uranium up to 6885ppm (0.69%) eU3O8 intercepted (23WBRA020).
Cobre-Oro
During November 2023, Thor fulfilled its Stage 2 expenditure obligations at the Alford East Copper-Gold-REE Project. Completing Stage 2 of the Earn-In entitled Thor to increase its interest from 51% to 80% in the copper oxide mineral rights from Spencer Metals Pty Ltd ("Spencer").
Ambient Noise Tomography ("ANT") surveys incorporating Fleet's EXOSPHERE BY FLEET® technology were completed in collaboration with Fleet Space Technologies over the north portion of the Alford East Project area. The preliminary 3D ANT model highlights low-velocity zones, representing deep structural troughs hosting copper-REE-gold mineralisation within the Alford Copper Belt.
As part of the In-Situ Copper Recovery ("ISCR") assessment process, hydrometallurgical mini-column test work was completed. The results returned favourable copper recoveries of up to 72.2%, significantly above the standard range of 60-70% for an ISCR operation.
Thor used GlyleachTM lixiviant during hydrometallurgical work, which is economical and environmentally friendly compared to the traditional lixiviant of sulphuric acid, helping Thor to develop a low-cost, low-environmental footprint for a potential ISCR operation.
Another significant highlight was the multiple parties EnviroCopper Ltd ("ECL") engaged with during December 2023, with Thor now holding 26.3% interest in ECL. ECL received an initial A$0.9m investment from Alligator Energy, along with an agreement with Andromeda Metals to acquire the alford oeste EL 5984 tenement. Thor's investment into ECL is looking promising, with in-ground lixiviant trials now underway at Kapunda and copper recoveries to be reported in 2024.
PERSPECTIVAS PARA 2024
Uranio y Vanadio
Consistent high-grade uranium results from the 2023 drilling program highlights the significant potential and growth opportunities of the boda Bell y Radium Mountain uranium projects, Colorado. Thor is now preparing for the 2024 drilling programs, including resource drilling, and continuing brownfields exploration as it awaits assay results from the highly prospective projects.
In addition, maiden drilling is planned for the Rey del vanadio ProyectoUtah
Cobre
At este de alford, Thor is continuing to build on the 3D geological and mineralisation model, integrating Fleet's ANT seismic velocity data. The resultant 3D model aims to highlight low-velocity drill targets, which potentially represent higher-grade copper-REE-Gold targets, associated with deep structurally controlled troughs.
ECL will complete the lixiviant Push/Pull phase of the Site Environment Lixiviant Trials ("SELT") at Kapunda.
REVISIÓN DE OPERACIONES
Proyectos de uranio y vanadio (Colorado y Utah, EE. UU.) (100 % Thor)
The 2023 RC drilling program at the boda Bell y Radium Mountain Projects in Colorado, successfully identified shallow, uranium mineralisation (visual geological logging and downhole gamma) in all holes drilled at Section 23, Rim Rock Mine and Groundhog Mine.
Significant uranium downhole gamma results above 2000ppm (0.2%) eU3O8 include:
§ 23WBRA020 0.9m @ 6885ppm (0.69 %) eU3O8 from 82.66m
§ 23WBRA019 0.3m @ 3362ppm (0.34 %) eU3O8 from 90.22m
§ 23WBRA011 0.5m @ 3186ppm (0.32 %) eU3O8 from 76.2m
§ 23WBRA016 0.8m @ 1954ppm (0.20%) eU3O8 from 67.4m
Las muestras de zonas anómalas en cada perforación se encuentran ahora en los Servicios de Laboratorio Australiano ("ALS") en Canadá para un análisis geoquímico completo que incluye ensayos de uranio y vanadio.
Preparations are already underway for the 2024 drilling program; including infill and extension drilling at Rim Rock and Groundhog mine areas, continuing brownfield exploration drilling across tenure and the maiden drilling planned for Vanadium King ProjectUtah
Cartera de Cobre (Australia Meridional)
este de alford
During the reporting period, Thor fulfilled its Stage 2 expenditure obligations increasing its interest from 51% to 80% in the copper oxide mineral rights from Spencer (ASX/AIM: 3 November 2023).
Two comprehensive ANT surveys were executed at the Alford East Project, covering the northern portion of the Mineral Resource Estimate ("MRE") domains. The surveys were designed to delineate the low-velocity, weathered 'troughs' that are known to host the oxide copper-gold and REE mineralisation within the Alford Copper Belt. The oxide copper-gold and REE mineralisation within the Alford Copper Belt is associated with rocks that are significantly less dense with lower seismic velocity than the surrounding fresh units.
The surveys referred to as the East and West field surveys used a total of 96 Fleet's space-enabled geodes for each deployment. These surveys covered substantial areas, encompassing 1.13 square kilometres.
The data collected from these two surveys was subject to extensive processing, leading to the development of a high-resolution 3D seismic velocity model of the subsurface. This model has revealed key features, such as regions with slower velocity within a high-velocity basement, inferring a 3D geometry of the interpreted variably weathered trough and a sheared metasedimentary basement. This model is now being merged with Thor's geological and mineralisation model.
Thor engaged Draslovka to undertake a program of work to evaluate Draslovka's GlyLeachTM process, focusing on copper extraction from a 7.3m intersection selected from drillhole 21AED005. This sample was selected as representative of copper oxide mineralisation within Mineral Resource Estimate Domain Area 5 (MRE 5) from Thor's 2021 drill program (ASX/AIM: 26 April 2023).
The metallurgical test work included a copper sequential analysis, Diagnostic Leach Tests ("DLT") (ASX/AIM: 22 February 2022) and Mini Column Leach Tests ("MCLT") on the sample provided. This test work determines which copper species can be leached by different solutions.
Based on the copper sequential analysis conducted by ALS Drasloka, it was anticipated the GlyLeachTM process is likely to leach all the cyanide-soluble copper, a major portion (20-80%) of the acid-soluble copper and minor amount (<10%) of silicate locked copper (ASX/AIM: 11 December 2023).
GlyLeachTM is an environmentally benign, hydrometallurgical process that can leach copper, nickel, cobalt and zinc from oxide, mixed oxide and supergene ores, and even primary sulphide ores. In the right conditions, it can also leach gold. Glycine is the simplest amino acid and is available in bulk quantities. Its unique properties can offer substantial advantages over conventional lixiviants.
MCLT was undertaken by Drasloka, designed to give a preliminary indication of extractions for typical heap or ISR conditions at este de alford. The test work demonstrates GlyLeachTM ability to recover copper with excellent recoveries, up to 72.2%.
GlyLeachTM ability to recover copper with good recoveries, up to 72.2%, exceeds the traditional findings of 60-70% for ISR operations. Based on CAPEX and OPEX costs, recovering metal in an ISR operation in comparison to conventional mining (open cut or underground operation) enables lower metal recoveries whilst maintaining equal or similar profit margins.
EnviroCopper Limited
ECL and Andromeda Metals Ltd ("Andromeda") signed an agreement in December 2023, whereby ECL acquired the Exploration Licence 5984 on the Yorke Peninsula which covers the Alford West Project.
Aspectos destacados del acuerdo (AIM/ASX: 18 de diciembre de 2023):
§ Consolidación de Alford West Joint Venture ("JV") (JV de recuperación in-situ) y otros objetivos susceptibles de ISR dentro de la Licencia de exploración 5984 con la transferencia del 100% de la propiedad a ECL
§ Andromeda received 5% of the current ECL capitalisation (203,008 shares), plus A$50,000 in cash
§ Andromeda received deferred consideration as a 10% share of any successful mining operations 'Royalty Tenement Operating Cashflow' on the Alford West Project area (not exceeding A$15m) and Moonta Project area (not exceeding A$15m)
§ Upon successful completion of a SELT, Andromeda will be issued a further 2.5% of ECL capitalisation (101,504 shares)
§ Una vez que se otorgue el arrendamiento minero, Andromeda recibirá un pago adicional en efectivo de 150,000 dólares australianos con pagos de regalías del flujo de caja operativo.
§ Alligator Energy Limited ("Alligator") made a strategic investment into ECL to further develop ISR copper projects (AIM/ASX: 18 December 2023)
§ Alligator paid an initial investment of A$0.9m for 7.8% of ECL, with the exclusive option to make further staged strategic investments to increase its ownership in ECL to 50.1%
§ ECL is currently advancing ISR trials for environmentally sustainable copper extraction at its flagship Kapunda copper project and has similar plans at its alford oeste copper project to help meet copper demand for the green energy transition
§ BHP Ltd (previously OZ Minerals) continues to fund part of ECL's field investigations, including a SELT of Copper ISR at Kapunda (AIM/ASX: 9 August 2022)
Following the ECL dealings, Thor holds a 26.3% equity interest in ECL.
Kapunda
The first phase of the SELT is underway, involving mixing a biodegradable solution called lixiviant, with groundwater for placement within the copper orebody. The lixiviant will reside in-situ for a period while being sampled and monitored, the copper lixiviant will then be extracted, and the site rehabilitated.
The results are anticipated in early 2024.
Proyecto Ragged Range Gold, Lithium, Nickel, Copper-Gold (Pilbara, Australia Occidental) (100% Thor)
Thor holds a 100% interest in five granted tenements in the Pilbara region of Western Australia, approximately 40km west of the township of Nullagine.
As Thor focuses on its uranium and energy metal projects, a divestment or joint venture partner is being sought for the Ragged Range Project. This project has potential for gold, copper-gold, lithium, and nickel. With the change in focus towards critical minerals in the energy and green economy, this group of tenements is no longer considered core in Thor's exploration portfolio.
There remains significant market interest in this project.
Molyhil Tungsten/Molybdenum project (Northern Territory, Australia) (100% Thor)
The Molyhil project is located 220km northeast of Alice Springs.
On 24 November 2022, Thor anunció la firma, through its wholly owned subsidiary Molyhil Mining Pty Ltd ("Molyhil"), of a Heads of Agreement with ASX-listed mineral exploration and development company Investigator Resources Limited (ASX: IVR, "IVR"). The agreement will fund the accelerated exploration of Thor's 100%-owned Molyhil tenements (the "Tenements"), in the Northern Territory and the sale of Thor's interest in the Bonya tenement (EL29701).
The Earn-in/JV Agreement to the value of A$8M is via a 3-stage process, to earn 80% interest in the Tenements and acquire Thor's 40% interest in the Bonya tenement (EL29701). In late 2023, IVR carried out a 12-hole drilling program at Molyhil Project to verify and update the MRE; assays are anticipated in February 2024 (ASX/AIM: 9 November 2023).
Bonya (tungsteno, cobre, vanadio) (40% Thor)
The Bonya project comprising EL29701 and EL 32167, sits approximately 30km east of Molyhil, holding tungsten and copper resources, which are expected to complement the Molyhil project. Thor, in joint venture with Arafura, holds 40% equity interest in the resources.
Thor's interest in the Bonya tenement EL29701 is planned to be divested as part of the Farm-in and Funding agreement with IVR.
CORPORATIVO
Following shareholder approval on 23 August 2023, the Company implemented a share capital consolidation for its listed securities on 31 August 2023.
Under the share capital consolidation, the Company reduced the number of its Ordinary Shares by way of a consolidation on the basis of 10 Ordinary Shares of 0.01p each into one new Ordinary Share of 0.1p each. Accordingly, holdings in the Company's CDIs, quoted on the ASX, have also been reduced by way of a consolidation on the basis of 10 CDIs into one new CDI (collectively the "Consolidation"). Pursuant to the Consolidation, the number of options were consolidated in the same ratio as the Ordinary Shares and the exercise price has been amended in inverse proportion to that ratio.
Thor and Fleet have formed a collaborative partnership to accelerate mineral exploration at Alford East Project. As part of this collaboration, Fleet acquired equity interest in Thor via the issue of 6,250,000 Ordinary Shares on 7 September 2023 at a price of A$0.04 per Ordinary Share.
Thor completed a small strategic placement on 20 September 2023, raising gross proceeds of A$1m via the placing of 23,809,524 Ordinary Shares, at a price of A$0.042 per Ordinary Share. All placees received one option for each Ordinary Share subscribed, being a total of 23,809,524 options (the "Placement Options"). All Placement Options were issued under the existing ASX listed options (ASX: THROD) which are exercisable at A$0.09 (9 cents) and expire in January 2025. The placing price represented a discount of 6.67% to the last ASX-traded price of A$0.045 on 15 September 2023 but was a 9.38% premium to the VWAP of the last 15 trading days, prior to that date.
During the period, Thor fulfilled its Stage 2 expenditure obligations at the Alford East Copper-Gold-REE Project. Completing Stage 2 of the earn-in, entitled Thor to increase its interest from 51% to 80% in the copper oxide mineral rights from Spencer. To complete its Stage 2 commitments, Thor issued Spencer A$250,000 in fully paid Thor shares, issued at a price of A$0.027 per share (being the 5-day ASX VWAP on the date immediately before allotment) and 18,518,520 unlisted options, exercisable at A$0.30 and an expiry date of 3 November 2028.
Renta integral
The comprehensive income statement records a comprehensive loss of £2,043,000 (2022: £126,000 loss) after taking into account unrealised exchange gain of £250,000 (2022: £118,000 loss). The loss for the period ended 31 December 2023 also included a £1,907,000 non-cash write down of the carrying value of the Group's Ragged Range Project located in the Pilbara Region of Australia. The write down reflects the Group's decision to focus its available resources on its US Uranium and Alford East projects (refer to Note 3 of the financial statements).
Nicole Galloway Warland
Director General
4 de marzo de 2024
Para más información, por favor póngase en contacto con:
thor energía plc | |
Nicole Galloway Warland, directora general Ray Ridge, director financiero/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. www.thorenergy.com, que incluye la posibilidad de registrarse para recibir estas actualizaciones por correo electrónico y en la página de Twitter de la Compañía @ThorEnergy.
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 Uravan Belt Colorado y Utah, EE. UU., con resultados históricos de perforación y producción de uranio y vanadio de alto grado.
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 la etapa inicial en la región de Pilbara en Australia Occidental, con perforación de seguimiento planificada para 2022.
En Alford East, en el sur de Australia, Thor está obteniendo una participación del 80 % en depósitos de óxido de cobre considerados susceptibles de extracción a través de técnicas de recuperación in situ (ISR). En enero de 2021, Thor anunció una estimación de recursos minerales inferidos.¹ Thor también tiene una participación del 30 % en la empresa australiana de desarrollo de cobre EnviroCopper Limited, que a su vez tiene derechos para obtener hasta un 75 % de participación en los derechos minerales y reclamos sobre el recurso. en la porción de la histórica mina de cobre Kapunda y el proyecto de cobre Alford West, ambos ubicados en el sur de Australia, y ambos considerados susceptibles de recuperación a través de ISR.2 y 3
Thor holds 100% of the advanced Molyhil tungsten project, including measured, indicated and inferred resources?, in the Northern Territory of Australia, which was awarded Major Project Status by the Northern Territory government in July 2020. Thor executed a $8m Farm-in and Funding Agreement with Investigator Resources Limited (ASX: IVR) to accelerate exploration at the Molyhil Project on 24th November 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 que Thor se deshaga de la propiedad EL29701 de Bonya como parte del acuerdo de financiación y adquisición de derechos con Investigator Resources Limited.6
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
Este anuncio contiene información privilegiada a los efectos del artículo 7 de la versión del Reino Unido del Reglamento (UE) n.º 596/2014, que forma parte de la legislación del Reino Unido en virtud de la Ley de la Unión Europea (Retirada) de 2018, modificada ("MAR"). Tras la publicación de este anuncio a través de un Servicio de información reglamentaria, esta información privilegiada ahora se considera de dominio público.
Declaraciones de la Persona Competente
La información de este informe que se relaciona con los resultados de la exploración se basa en información recopilada por Nicole Galloway Warland, quien tiene una licenciatura en geología aplicada (BSc Applied Geology, HONS) y es miembro del Instituto Australiano de Geocientíficos. La Sra. Galloway Warland es empleada de Thor Energy PLC. Tiene suficiente experiencia que es relevante para el estilo de mineralización y el tipo de depósito en consideración y para la actividad que está realizando para calificar como Persona Competente según se define en la Edición de 2012 del 'Código de Australia para la Información de Resultados de Exploración, Mineral Recursos y Reservas Minerales'. Nicole Galloway Warland consiente en la inclusión en el informe de los asuntos con base en su información en la forma y contexto en que aparece.
The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and, in the case of estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.
Estado consolidado condensado de resultados integrales Por los 6 meses terminados el 31 de diciembre de 2023
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| Note | 000 £ | 000 £ | 000 £ |
|
| 6 meses terminados 31 de diciembre 2023 | 6 meses terminados 31 de diciembre 2022 | Año terminó 30 junio 2023 |
|
| Sin auditar | Sin auditar | auditado |
|
|
|
|
|
Gastos administrativos | (46) | (46) | (146) | |
Gastos corporativos | (303) | (292) | (523) | |
Gastos de pagos basados en acciones | 7 | (14) | (21) | (39) |
Ganancia/pérdida realizada en activos financieros | 6 | 28 | 5 | |
Gastos de exploración | - | - | (3) | |
Write off/Impairment of exploration assets | 3 | (1,907) | - | - |
Pérdida operativa |
| (2,264) | (331) | (706) |
Interés recibido |
| 14 | - | 4 |
Pago interesado | (4) | - | (3) | |
Participación en (pérdida)/utilidad de la asociada, contabilizada utilizando el método de la participación | 5 | (38) | (38) | (27) |
Decremento del valor razonable de los activos financieros FVTPL |
- | 134 | 19 | |
Ganancia/(pérdida) en venta de activos | (7) | 166 | 129 | |
Ingresos diversos | 6 | 61 | 64 | |
Pérdida antes de impuestos |
| (2,293) | (8) | (520) |
Taxation | - | - | - | |
Pérdida del período | (2,293) | (8) | (520) | |
Otro resultado integral: | ||||
Partidas que pueden reclasificarse posteriormente a resultados: | ||||
Diferencias de cambio en la conversión de operaciones en el extranjero | 250 | (118) | (1,057) | |
Otro resultado integral del período, neto de impuesto a las ganancias | 250 | (118) | (1,057) | |
Resultado del ejercicio y resultado integral total atribuible a los accionistas | (2,043) | (126) | (1,577) | |
Ganancias básicas por acción | 2 | (0.89) p | (0.00) p | (0.23) p |
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|
|
|
Estado consolidado condensado de Situación financiera Por los 6 meses terminados el 31 de diciembre de 2023
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Note | 000 £ | 000 £ | 000 £ | |
31 de diciembre 2023 | 31 de diciembre 2022 | 30 junio 2023 | ||
Sin auditar | Sin auditar | auditado | ||
BIENES | ||||
Activos no corrientes | ||||
Activos intangibles (costos de exploración diferidos) | 3 | 12,123 | 13,280 | 12,681 |
Activos financieros | 4 | - | 324 | - |
Inversiones contabilizadas por el método de participación | 5 | 493 | 547 | 520 |
Depósitos para respaldar fianzas de cumplimiento | 101 | 109 | 105 | |
Activo por derecho de uso | 48 | 76 | 59 | |
Planta y equipo | 45 | 58 | 51 | |
Total del activo no corriente | 12,810 | 14,394 | 13,416 | |
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Activos circulantes | ||||
Efectivo y equivalentes de efectivo | 525 | 1,513 | 898 | |
Cuentas comerciales por cobrar y otros activos | 76 | 94 | 35 | |
Activos financieros a valor razonable con cambios en pérdidas y ganancias | - | - | 124 | |
Total de activos corrientes | 601 | 1,607 | 1,057 | |
los activos totales | 13,411 | 16,001 | 14,473 | |
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PASIVO | ||||
Pasivo circulante | ||||
Comerciales y otras cuentas a pagar | (130) | (192) | (115) | |
Provisión de vacaciones anuales del empleado | (42) | (38) | (42) | |
Responsabilidad por arrendamiento | (26) | (25) | (24) | |
Total pasivo corriente | (198) | (255) | (181) | |
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Pasivos no corrientes | ||||
Responsabilidad por arrendamiento | (24) | (51) | (37) | |
Total pasivo no corriente | (24) | (51) | (37) | |
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Pasivos totales | (222) | (306) | (218) | |
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Activos netos | 13,189 | 15,695 | 14,255 | |
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Equidad | ||||
Capital social emitido | 6 | 3,889 | 3,850 | 3,850 |
Compartir premium | 28,467 | 27,971 | 27,813 | |
Reserva de divisas | 1,285 | 1,974 | 1,035 | |
Reserva de fusión | 405 | 405 | 405 | |
Reserva de pagos basada en acciones | 7 | 996 | 769 | 938 |
Ganancias retenidas | (21,853) | (19,274) | (19,786) | |
| ||||
Equidad total | 13,189 | 15,695 | 14,255 | |
Estado de Cambios en el Patrimonio Neto Consolidado Resumido | |||||||||||||||||||||||
Por los 6 meses terminados el 31 de diciembre de 2023 | |||||||||||||||||||||||
| 000 £ | 000 £ | 000 £ | 000 £ | 000 £ | 000 £ | 000 £ |
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| Capital social emitido | Compartir premium | Pérdidas retenidas | Reserva de conversión de moneda extranjera | Reserva de fusión | Reserva de pago basada en acciones | Total |
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Saldo al 1 de julio de 2022 | 3,812 | 26,632 | (19,384) | 2,092 | 405 | 866 | 14,423 |
| |||||||||||||||
Pérdida del período | - | - | (8) | - | - | - | (8) |
| |||||||||||||||
Reserva de conversión de moneda extranjera | - | - | - | (118) | - | - | (118) |
| |||||||||||||||
Pérdida integral total del período | - | - | (8) | (118) | - | - | (126) |
| |||||||||||||||
Transacciones con propietarios en su calidad de propietarios | |||||||||||||||||||||||
Acciones emitidas | 38 | 1,433 | - | - | - | - | 1,471 |
| |||||||||||||||
Costo de las acciones emitidas | - | (94) | - | - | - | - | (94) |
| |||||||||||||||
Las opciones para compartir caducaron | - | - | 118 | - | - | (118) | - |
| |||||||||||||||
opciones sobre acciones emitidas | - | - | - | - | - | 21 | 21 |
| |||||||||||||||
Al 31 de diciembre de 2022 | 3,850 | 27,971 | (19,274) | 1,974 | 405 | 769 | 15,695 |
| |||||||||||||||
|
| ||||||||||||||||||||||
Saldo al 1 de julio de 2022 | 3,812 | 26,632 | (19,384) | 2,092 | 405 | 866 | 14,423 |
| |||||||||||||||
Pérdida del período | - | - | (520) | - | - | - | (520) |
| |||||||||||||||
Reserva de conversión de moneda extranjera | - | - | - | (1,057) | - | - | (1,057) |
| |||||||||||||||
Total integral (pérdida) del período | - | - | (520) | (1,057) | - | - | (1,577) |
| |||||||||||||||
Transacciones con propietarios en su calidad de propietarios |
| ||||||||||||||||||||||
Acciones emitidas | 38 | 1,433 | - | - | - | - | 1,471 |
| |||||||||||||||
Costo de las acciones emitidas | - | (252) | - | - | - | - | (252) |
| |||||||||||||||
Opciones sobre acciones ejercidas | - | - | 118 | - | - | (118) | - |
| |||||||||||||||
opciones sobre acciones emitidas | - | - | - | - | - | 190 | 190 |
| |||||||||||||||
Al 30 de junio de 2023 | 3,850 | 27,813 | (19,786) | 1,035 | 405 | 938 | 14,255 |
| |||||||||||||||
|
|
|
|
|
|
| |||||||||||||||||
Saldo al 1 de julio de 2023 | 3,850 | 27,813 | (19,786) | 1,035 | 405 | 938 | 14,255 |
| |||||||||||||||
Pérdida del período | - | - | (2,293) | - | - | - | (2,293) |
| |||||||||||||||
Reserva de conversión de moneda extranjera | - | - | - | 250 | - | - | 250 |
| |||||||||||||||
Pérdida integral total del período | - | - | (2,293) | 250 | - | - | (2,043) |
| |||||||||||||||
Transacciones con propietarios en su calidad de propietarios | |||||||||||||||||||||||
Acciones emitidas | 39 | 740 | - | - | - | - | 779 |
| |||||||||||||||
Costo de las acciones emitidas | - | (86) | - | - | - | - | (86) |
| |||||||||||||||
Las opciones para compartir caducaron | - | - | 226 | - | - | (226) | - |
| |||||||||||||||
opciones sobre acciones emitidas | - | - | - | - | - | 284 | 284 |
| |||||||||||||||
Al 31 de diciembre de 2023 | 3,889 | 28,467 | (21,853) | 1,285 | 405 | 996 | 13,189 |
|
Estado de flujo de efectivo condensado consolidado | |||
Por los 6 meses terminados el 31 de diciembre de 2023 | |||
000 £ | 000 £ | 000 £ | |
6 meses terminados 31 de diciembre 2023 | 6 meses terminados 31 de diciembre 2022 | Año terminó 30 junio 2023 | |
Sin auditar | Sin auditar | auditado | |
flujos de efectivo por actividades operacionales | |||
Pérdida operativa | (2,264) | (331) | (706) |
Ingresos diversos | 6 | 61 | 64 |
(Aumento) / disminución de cuentas por cobrar comerciales y otras | (44) | (16) | 14 |
Aumento / (disminución) de cuentas comerciales y otras cuentas por pagar | 37 | 20 | (73) |
Aumento / (disminución) de provisiones | (1) | 6 | 12 |
Depreciación | 20 | 10 | 30 |
Cancelación de gastos de exploración | 1,907 | - | - |
Pagos basados en acciones | 14 | 21 | 39 |
Salida neta de efectivo de las actividades operativas | (325) | (229) | (620) |
Flujos de efectivo de actividades de inversión | |||
Interés recibido | 14 | - | 4 |
Pago interesado | (4) | - | (3) |
Payments/refunds for bonds | 6 | (42) | (42) |
Compra de propiedad, planta y equipo | - | (4) | (8) |
Pagos por gastos de exploración | (827) | (1,303) | (1,680) |
Subvenciones de I+D para gastos de exploración | 45 | 173 | 304 |
Producto de la venta de activos | 117 | 371 | 418 |
Producto de la venta de inversiones | - | - | - |
Salida neta de efectivo de las actividades de inversión | (649) | (805) | (1,007) |
Flujos de efectivo de actividades de financiación | |||
Reembolsos de pasivos por arrendamiento | (12) | (2) | (12) |
Emisión neta de capital social ordinario | 596 | 1,377 | 1,370 |
Entrada neta de efectivo por actividades de financiación | 584 | 1,375 | 1,358 |
Disminución neta de efectivo y equivalentes de efectivo | (390) | 341 | (269) |
Cambios de cambio no monetarios | 17 | (1) | (6) |
Efectivo y equivalentes de efectivo al comienzo del período | 898 | 1,173 | 1,173 |
Efectivo y equivalentes de efectivo al final del período | 525 | 1,513 | 898 |
Notas al Informe Semestral
Para los 6 meses que terminan el 31 de diciembre de 2023
1. PRINCIPALES POLÍTICAS CONTABLES
(a) Presentación de Resultados Semestrales
Los resultados semestrales no han sido auditados, pero fueron objeto de una revisión independiente realizada por los auditores de la Compañía, PKF Littlejohn LLP. Su revisión confirmó que las cifras se prepararon usando políticas y prácticas contables aplicables consistentes con las adoptadas en el informe anual de 2023 y que se adoptarán en el informe anual de 2024. La información financiera contenida en este informe semestral no constituye cuentas legales según lo definido por la Sección 435 de la Ley de Sociedades de 2006.
El informe semestral ha sido preparado bajo la convención de costos históricos.
Los directores reconocen su responsabilidad por el informe semestral y confirman que, según su leal saber y entender, los estados financieros intermedios consolidados correspondientes a los seis meses finalizados el 31 de diciembre de 2023 se han elaborado de conformidad con las normas contables internacionales adoptadas en el Reino Unido, incluida la NIC 34. "Estados financieros intermedios", y cumple con los requisitos para empresas con valores admitidos a cotización en el Mercado AIM de la Bolsa de Valores de Londres. Este informe semestral no incluye todas las notas del tipo que normalmente se incluyen en un informe financiero anual. En consecuencia, este informe debe leerse junto con el informe anual del año que finalizó el 30 de junio de 2023.
The Directors are of the opinion that on-going evaluations of the Company's interests indicate that preparation of the accounts on a going concern basis is appropriate but that a material uncertainty with respect to going concern exists. Refer Note 10 for further information.
(b) Base de consolidación
Los estados financieros consolidados comprenden los estados financieros de Thor Energy PLC y sus entidades controladas. Los estados financieros de las entidades controladas se incluyen en los estados financieros consolidados desde la fecha en que comienza el control hasta la fecha en que cesa el control. Todos los saldos y transacciones intercompañías han sido eliminados en su totalidad.
Los estados financieros de las subsidiarias se preparan para el mismo período de reporte que la Compañía matriz, utilizando políticas contables consistentes.
(c) Investments in Associates
Las inversiones en asociadas se reconocen en los estados financieros aplicando el método de participación patrimonial. El método de participación patrimonial reconoce la participación del Grupo en las reservas posteriores a la adquisición de sus asociadas.
Where there has been a change recognised directly in an associate's equity, the Group recognises its share of any changes and discloses this in the statement of profit of loss and other comprehensive income. The reporting dates of the associates and the Group are identical, and the associates accounting policies conform to those used by the Group for like transactions and events in similar circumstances.
(d) Risks and uncertainties
The Board continuously assesses and monitors the key risks of the business. The key risks that could affect the Company's medium-term performance and the factors that mitigate those risks have not substantially changed from those set out in the Company's 2023 Annual Report and Financial Statements. The key financial risks are liquidity risk, credit risk, interest rate risk and fair value estimation.
(e) Critical accounting estimates
La preparación de estados financieros intermedios condensados requiere que la administración realice estimaciones y suposiciones que afectan los montos informados de activos y pasivos al final del período sobre el que se informa. Las partidas significativas sujetas a dichas estimaciones se establecen en el Informe Anual y los Estados Financieros de 2023 de la Compañía. La naturaleza y los montos de dichas estimaciones no han cambiado significativamente durante el período intermedio.
Notas al Informe Semestral
Para los 6 meses que terminan el 31 de diciembre de 2023
2. GANANCIAS POR ACCIÓN
No se presentan ganancias diluidas por acción para los seis meses terminados el 31 de diciembre de 2023, ya que el efecto sobre el ejercicio de las opciones sobre acciones sería disminuir la pérdida por acción..
| 000 £ | 000 £ | 000 £ |
6 meses terminados 31 de diciembre 2023 | 6 meses terminados 31 de diciembre 2022 | Año terminó 30 junio 2023 | |
Sin auditar | Sin auditar | auditado | |
Pérdida del período | (2,293) | (8) | (520) |
Número promedio ponderado de acciones ordinarias en circulación
Pérdida por acción - básica
|
258,279,775
(0.89) p |
206,577,774
(0.00) p |
222,800,090
(0.23) p
|
The basic loss per share is derived by dividing the loss for the period attributable to ordinary shareholders by the weighted average number of shares in issue. The weighted average number of shares for the both the periods ending 30 June 2023 and 31 December 2022 have also been adjusted for the 10:1 share capital consolidation that occurred on 31 August 2023.
As the inclusions of the potential Ordinary Shares would result in a decrease in the loss per share they are considered to be anti-dilutive and as such not included.
3. COSTOS DE EXPLORACIÓN DIFERIDOS
| 000 £ | 000 £ | 000 £ |
31 de diciembre 2023 | 31 de diciembre 2022 | 30 junio 2023 | |
Cost | Sin auditar | Sin auditar | auditado |
al comienzo | 12,681 | 12,329 | 12,329 |
Adiciones netas | 743 | 1,062 | 1,305 |
Adquirido a través de la adquisición | 367 | - | - |
Ganancia/(pérdida) cambiaria | 239 | (111) | (953) |
Cancelación de gastos de exploración | (1,907) | - | - |
Al final del período | 12,123 | 13,280 | 12,681 |
Período que finaliza el 31 de diciembre de 2023
The Net additions in the period of £743,000 includes £554,000 of drilling related expenditure on its priority Uranium projects in the US. Acquired through acquisition of £367,000 in the period relates to the issue of securities to increase its interest from 51% to 80% in the copper oxide mineral rights in the Alford East Copper-Gold-REE Project, having satisfied its earn-in expenditure commitments. The securities issued comprised 9,259,260 fully paid Thor shares, issued at a price of $0.027 per share and 18,518,520 unlisted options, exercisable at $0.30 and an expiry date of 3 November 2028. As the Group has decided to focus its available resources on its US Uranium and Alford East projects, activity at its Ragged Range project in the Pilbara region of Australia has been paused, whilst the Group considers alternatives to joint venture future exploration or divest the project. Accordingly, the Directors have decided to write down the carrying value of the Ragged Range project by £1,907,000 to its assessed recoverable amount of £553,000. The Directors' recoverable amount assessment is consistent with the original acquisition value of the tenements, which is supported by the high prospectivity of the area and limited exploration activity which did confirm mineralisation prospective for Gold, Lithium and Nickel.
Notas al Informe Semestral
Para los 6 meses que terminan el 31 de diciembre de 2023
3. DEFERRED EXPLORATION COSTS (continued)
Acuerdo de participación del proyecto Molyhil
The exploration asset at 31 December 2023 of £13,280,000 includes the carrying value of £9,150,000 for the Molyhil Project in the Northern Territory, Australia. Thor has a binding Heads of Agreement with a subsidiary of ASX-listed mineral exploration and development company Investigator Resources Limited (ASX: IVR, "IVR") which has a right to earn, via a three-stage process, an 80% interest in the tenements.
4. ACTIVOS FINANCIEROS
| 000 £ | 000 £ | 000 £ |
31 de diciembre 2023 | 31 de diciembre 2022 | 30 junio 2023 | |
| Sin auditar | Sin auditar | auditado |
Investment in Power Metal Resources Plc represented by: Current | - | - | 124 |
No corriente | - | 324 | - |
- | 324 | 124 |
During the period ended 31 December 2023, the Company sold its remaining balance of 17,118,920 shares in London Stock Exchange listed Power Metal Resources Plc for net proceeds of £117,000, realising a loss on sale of £7,000 compared to the 30 June 2023 carrying value of £124,000.
5. INVERSIONES CONTABILIZADAS POR EL MÉTODO DE LA PARTICIPACIÓN | 000 £ | 000 £ | 000 £ |
| 31 de diciembre 2023 | 31 de diciembre 2022 | 30 junio 2023 |
| Sin auditar | Sin auditar | auditado |
A continuación se presenta una conciliación del valor en libros de las inversiones en la compañía: | |||
EnviroCopper Limited | |||
Conversión de préstamo a capital | 391 | 391 | 391 |
Inversión adicional | 170 | 170 | 170 |
Costo inicial de inversión | 561 | 561 | 561 |
Participación acumulada de (pérdida)/ganancia de asociada, contabilizada usando el método de participación | (43) | (17) | (6) |
Participación en la reserva de conversión de moneda extranjera | (25) | 3 | 35 |
493 | 547 | 520 | |
|
At the commencement of the period ending 31 December 2023, Thor held a 30% equity interest in private Australian company, EnviroCopper Limited ("ECL"). ECL had agreed to earn, in two stages, up to 75% of the rights over metals which may be recovered via ISR contained in the Kapunda deposit from Australian listed company, Terramin Australia Limited ("Terramin" ASX: "TZN"), and rights to 75% of the Alford West copper project comprising the northern portion of exploration licence EL5984 held by Andromeda Metals Limited (ASX: AND, "Andromeda"). During the period, ECL signed an agreement to acquire the remaining 25% of exploration Licence 5984 from Andromeda. As part of the acquisition consideration, ECL issued Andromeda 203,008 ECL shares equivalent to 5% of the current ECL capitalisation. This issue of ECL shares diluted Thor's equity interest in ECL to 28.6%. ECL will issue a further 101,504 ECL shares upon successful completion of a Site Environmental Lixiviant Test. (refer AIM/ASX Announcement 18 December 2023).
Notas al Informe Semestral
Para los 6 meses que terminan el 31 de diciembre de 2023
5. INVERSIONES CONTABILIZADAS POR EL MÉTODO DE LA PARTICIPACIÓN (continuación)
Also on 18 December 2023, Alligator Energy Limited ("Alligator") announced a strategic investment into ECL, to fund ECL's further development of the ISR copper projects. Alligator will make an initial investment of A$0.9m for 7.8% of ECL, with the exclusive option to make further staged strategic investments of up to a further A$11.7m which would increase its ownership of ECL to 50.1%. The initial investment was completed subsequent to period end, on 25 January 2024. Following this initial investment by Alligator of A$0.9m, Thor's equity interest in ECL was further diluted to 26.3%.
Summarised financial information for ECL
The tables below provide summarised consolidated financial information for ECL and its wholly owned subsidiaries Environmental Copper Recovery SA Pty Ltd and Environmental Metals Recovery Pty Ltd. The information disclosed reflects the amounts presented in the financial statements of the relevant associate and not Thor's share of those amounts. They have been amended to reflect adjustments made by Thor when using the equity method, including modifications for differences in accounting policies.
| 000 £
31 de diciembre 2023 | 000 £
31 de diciembre 2022 | 000 £
30 de junio de 2023 |
| Sin auditar | Sin auditar | auditado |
Balance resumido: | |||
Activos circulantes | |||
Efectivo y equivalentes de efectivo | 194 | 131 | 384 |
Otros activos corrientes | 60 | 306 | 32 |
Provisión para impuesto sobre la renta | - | - | 169 |
Total de activos corrientes | 254 | 437 | 585 |
Activo no corriente | |||
Equipamiento de planta | 19 | 29 | 22 |
Activos por derecho de uso | 3 | 19 | 7 |
Total del activo no corriente | 22 | 48 | 29 |
los activos totales | 276 | 485 | 614 |
Pasivo circulante | |||
Comerciales y otras cuentas a pagar | 143 | 17 | 146 |
11 | 210 | 221 | |
Pasivos corrientes por arrendamiento | 8 | 11 | 8 |
Total pasivo corriente | 162 | 238 | 375 |
| |||
Pasivos no corrientes | |||
Pasivo por impuestos diferidos | 9 | 27 | 9 |
Pasivo por arrendamiento no corriente | - | 8 | - |
Total pasivo no corriente | 9 | 35 | 9 |
Responsabilidad total | 171 | 273 | 384 |
Activos netos | 105 | 212 | 230 |
Notas al Informe Semestral
Para los 6 meses que terminan el 31 de diciembre de 2023
5. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD (continued)
Estado resumido de resultados integrales: |
|
|
| |||
Ingresos totales | 316 | 118 | 472 |
| ||
Menos gastos | 441 | 245 | (759) |
| ||
Beneficio neto antes de impuestos | (125) | (127) | (287) |
|
6. CAPITAL SOCIAL | 000 £ | 000 £ | 000 £ | |
| 31 de diciembre 2023 | 31 de diciembre 2022 | 30 junio 2023 | |
| Sin auditar | Sin auditar | auditado | |
Emitido totalmente pagado (Valor nominal) | ||||
982,870,766 'Acciones diferidas' de £0.0029 cada una | 2,850 | 2,850 | 2,850 | |
7,928,958,483 'A Acciones Diferidas' de £0.000096 cada una | 761 | 761 | 761 | |
Acciones ordinarias de 0.001 libras esterlinas cada una | 278 | 239 | 239 | |
3,889 | 3,850 | 3,850 | ||
| ||||
| Número | Número | Número | |
| 31 de diciembre 2023 | 31 de diciembre 2022 | 30 junio 2023 | |
| Sin auditar | Sin auditar | auditado | |
Movimiento en el capital social |
|
| ||
Acciones ordinarias de 0.1 peniques | ||||
al comienzo | 2,392,912,840 | 2,014,341,411 | 2,014,341,411 | |
Share consolidation (10:1) 1 | 239,291,284 | - | - | |
Acciones emitidas en efectivo 2 | 30,059,524 | 378,571,429 | 378,571,429 | |
Shares issued for asset acquisition 3 | 9,259,260 | - | - | |
Al final del período | 278,610,068 | 2,392,912,840 | 2,392,912,840 | |
| ||||
| 000 £ | 000 £ | 000 £ | |
| 31 de diciembre 2023 | 31 de diciembre 2022 | 30 junio 2023 | |
Valor nominal | Sin auditar | Sin auditar | auditado | |
al comienzo | 3,850 | 3,812 | 3,812 | |
Emitido en efectivo | 30 | 38 | 38 | |
Issued for asset acquisition | 9 | - | - | |
Al final del período | 3,889 | 3,850 | 3,850 | |
1. Following shareholder approval on 23 August 2023, the Company implemented a share capital consolidation for its listed securities on 31 August 2023. Under the share capital consolidation, the Company reduced the number of its Ordinary Shares by way of a consolidation on the basis of 10 Ordinary Shares of 0.01p each into one new Ordinary Share of 0.1p each. Accordingly, holdings in the Company's CDIs, quoted on the ASX, were also reduced by way of a consolidation on the basis of 10 CDIs into one new CDI.
Notas al Informe Semestral
Para los 6 meses que terminan el 31 de diciembre de 2023
6. SHARE CAPITAL (continued)
2. Shares issued for cash during the period included:
· A small strategic placement on 28 September 2023, raising gross proceeds of $1m via the placing of 23,809,524 Ordinary Shares, at a price of $0.042 per Ordinary Share. All placees received one option for each Ordinary Share subscribed, being a total of 23,809,524 options (the "Placement Options"). All Placement Options were issued under the existing ASX listed options (ASX: THROD) which are exercisable at AUD$0.09 (9 cents) and expire in January 2025.
· Thor and Fleet formed a collaborative partnership to accelerate mineral exploration at Alford East Project. As part of this collaboration Fleet acquired equity interest in Thor via the issue of 6,250,000 Ordinary Shares on 7 September 2023 at a price of $0.04 per Ordinary Share.
3. Thor fulfilled its Stage 2 expenditure obligations at the Alford East Copper-Gold-REE Project. Completing Stage 2 of the earn-in entitled Thor to increase its interest from 51% to 80% in the copper oxide mineral rights from Spencer. To complete its Stage 2 commitments Thor issued Spencer A$250,000 in fully paid Thor shares, issued at a price of $0.027 per share (being the 5-day ASX VWAP on the date immediately before allotment) and 18,518,520 unlisted options, exercisable at $0.30 and an expiry date of 3 November 2028.
7. RESERVA DE PAGOS BASADOS EN ACCIONES
On 31 August 2023, Thor completed a share consolidation (refer footnote 1 of Note 6). Under the share consolidation, the number of options were also consolidated in the same 10:1 ratio as the Ordinary Shares and the exercise price has increased by a factor of 10.
000 £ | 000 £ | |
31 de diciembre 2023 | 30 junio 2023 | |
Sin auditar | auditado | |
Saldo inicial al 1 de julio | 938 | 866 |
Caducó 8,333,000 @ £ 0.00393 | - | (33) |
Caducó 5,000,000 @ £ 0.00362 | - | (18) |
Caducó 22,000,000 @ £ 0.00306 | - | (67) |
Issued 94,642,858 to a service provider @ £0.00160 | - | 151 |
1,440,000 ESOP options @ £0.00630 expensed over vesting period | - | 39 |
Lapsed 20,280,000 options @ £0.00156 | (32) | - |
Lapsed 16,000,000 options @ £0.00172 | (28) | - |
| ||
Post 31 August 2023 10:1 Consolidation |
| |
144,000 ESOP options @ £0.0630 expensed over vesting period | 7 | - |
Lapsed 750,000 options @ £0.0509 | (38) | - |
Caducó 400,000 @ £ 0.0664 | (26) | - |
Caducó 2,200,000 @ £ 0.0466 | (102) | - |
Issued 5,800,000 to a service provider @ £0.0060 1 | 35 | - |
Issued 18,518,520 for an asset acquisition @ £0.0127 2 | 235 | - |
Issued 3,000,000 performance shares to Directors @ £0.0365 3 | 7 | - |
Balance de cierre | 996 | 938 |
Notas al Informe Semestral
Para los 6 meses que terminan el 31 de diciembre de 2023
7. RESERVA DE PAGOS BASADOS EN ACCIONES (continuación)
1 Listed Options (ASX:THROD) issued to a broker to the capital raise completed on 28 September 2023 (refer footnote 2 of Note 6). Valued at the ASX closing price of A$0.006 for the options on 15 September 2023, being the day prior to the broker placement agreement.
2 Unlisted options issued, together with 9,259,260 Thor shares, to increase Thor's interest from 51% to 80% in the Alford East Copper-Gold-REE Project. (refer Note 3 and footnote 3 of Note 6)
3 3,000,000 Performance shares issued to directors on 7 September 2023, following shareholder approval on 23 August 2023. The 2,000,000 performance shares issued to Ms Galloway Warland vest as follows: 400,000 when the ASX traded CDI Price is $0.25 plus an additional 64,000 for each $0.01 that the ASX traded CDI Price exceeds $0.25, to the maximum 2,000,000 Thor shares. For the 500,000 performance shares issued to each of Messrs Clayton and McGeough, 100,000 vest to each of them when the ASX traded CDI Price is $0.025 plus an additional 16,000 for each $0.01 that the ASX traded CDI Price exceeds $0.25, to a maximum total of 500,000 Thor shares each. The relevant CDI Price is the highest closing CDI price for CDIs traded on the ASX in the twelve months prior to the relevant first, second or third anniversary of the issuance of the Performance Shares.
Options are valued at an estimate of the cost of the services provided. Where the fair value of the services provided cannot be estimated, the value of listed options is based on a market observed price while the value of unlisted options and performance shares are calculated using an appropriate option valuation model taking into account the terms and conditions upon which the options or performance shares are granted. The following table lists the inputs to the model used for the options and performance shares granted as Share Based Payments during the half year ended 31 December 2023.
1,440,000 otorgado bajo un ESOP el 17 de mayo de 2022 (144,000 post share consolidation) |
|
| |
Rentabilidad por dividendo | 0.00% |
| |
Precio al contado del valor subyacente | A $ 0.016 |
| |
Precio de ejercicio | A $ 0.025 |
| |
Desviación estándar de los rendimientos | 128% |
| |
Tasa libre de riesgo | 2.51% |
| |
Periodo de caducidad | 3yrs |
| |
Black Scholes valuation per option (£0.0630 post share consolidation) | £0.0063 |
| |
The fair value is being expensed as a share-based payment, through the Statement of comprehensive income, over the vesting periods, as follows: One third of the options vested immediately and were fully expensed when granted. One third of the options vested 12 May 2023 and have been fully expensed to that date. One third of the options vest 12 May 2024 and are being expensed over the vesting period to that date (the value expensed during the half year ended 31 December 2023 was £7,000). |
| ||
| |||
18,518,520 granted for an asset acquisition on 3 November 2023 |
| ||
Rentabilidad por dividendo | 0.00% |
| |
Precio al contado del valor subyacente | A $ 0.0240 |
| |
Precio de ejercicio | A $ 0.300 |
| |
Desviación estándar de los rendimientos | 115% |
| |
Tasa libre de riesgo | 4.36% |
| |
Periodo de caducidad | 5.2yrs |
| |
Valoración de Black Scholes por opción | £0.0127 |
| |
Notas al Informe Semestral Para los 6 meses que terminan el 31 de diciembre de 2023
7. RESERVA DE PAGOS BASADOS EN ACCIONES (continuación)
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3,000,000 Performance rights granted to Directors on 23 August 2023 |
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Rentabilidad por dividendo | 0.00% |
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Precio al contado del valor subyacente | A $ 0.050 |
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Precio de ejercicio | A $ 0.000 |
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Desviación estándar de los rendimientos | 125.43% |
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Tasa libre de riesgo | 3.87% |
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Periodo de caducidad | 3yrs |
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Monte Carlo Simulation valuation per option | A $ 0.0365 |
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The options are being expensed as a share-based payment through the Statement of comprehensive income over their vesting periods over their three year vesting period.
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8. ROTACIÓN Y ANÁLISIS SEGMENTAL - GRUPO
Los segmentos operativos se informan de manera coherente con los informes internos proporcionados a la máxima autoridad en la toma de decisiones operativas. El máximo responsable de la toma de decisiones operativas, responsable de asignar los recursos y evaluar el desempeño de los segmentos operativos, ha sido identificado como el Consejo de Administración que toma las decisiones estratégicas.
Las operaciones del Grupo están ubicadas en Australia y los Estados Unidos de América, con el domicilio social ubicado en el Reino Unido. Los principales activos materiales del Grupo, efectivo y equivalentes de efectivo, se encuentran en Estados Unidos de América y Australia. La Junta se asegura de que se transfieran cantidades adecuadas internamente para permitir que todas las empresas lleven a cabo sus operaciones de manera oportuna.
Los Directores son de la opinión de que el Grupo se dedica a un único segmento de negocio que es la exploración de materias primas. El Grupo actualmente tiene dos segmentos geográficos reportables: Estados Unidos de América y Australia.
000 £ | 000 £ | 000 £ | 000 £ | |
Half Year ended 31 December 2023 | Sede central/ Sin asignar | Australia | Estados Unidos | Consolidado |
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Gasto total del segmento | (157) | (2,129) | - | (2,286) |
Elementos no operativos | (7) | - | - | (7) |
| (164) | (2,129) | - | (2,293) |
Pérdida de Actividades Ordinarias antes del Impuesto a la Renta | ||||
Impuesto sobre la Renta Beneficio/(Gasto) | - | - | - | - |
Retenido (pérdida) | (164) | (2,129) | - | (2,293) |
Notas al Informe Semestral Para los 6 meses que terminan el 31 de diciembre de 2023
8. ROTACIÓN Y ANÁLISIS SEGMENTARIO - GRUPO (continuación)
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Al 31 de diciembre de 2023 | Sede central/ Sin asignar | Australia | Estados Unidos | Consolidado |
Activos y pasivos | ||||
Activos del segmento | - | 11,966 | 1,338 | 13,304 |
Activos corporativos | 107 | - | - | 107 |
Activos totales | 107 | 11,966 | 1,338 | 13,411 |
Pasivos por segmento | - | (201) | - | (201) |
Pasivos corporativos | (21) | - | - | (21) |
Responsabilidad total | (21) | (201) | - | (222) |
Activos netos | 86 | 11,765 | 1,338 | 13,189 |
Half Year ended 31 December 2022 | Sede central/ Sin asignar | Australia | Estados Unidos | Consolidado |
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Gasto total del segmento | (125) | (182) | (1) | (308) |
Elementos no operativos | 300 | - | - | 300 |
| 175 | (182) | (1) | (8) |
Pérdida de Actividades Ordinarias antes del Impuesto a la Renta | ||||
Impuesto sobre la Renta Beneficio/(Gasto) | - | - | - | - |
Retenido (pérdida) | 175 | (182) | (1) | (8) |
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Al 31 de diciembre de 2022 | Sede central/ Sin asignar | Australia | Estados Unidos | Consolidado |
Activos y pasivos | ||||
Activos del segmento | - | 13,947 | 613 | 14,560 |
Activos corporativos | 1,441 | - | - | 1,441 |
Activos totales | 1,441 | 13,947 | 613 | 16,001 |
Pasivos por segmento | - | (276) | - | (276) |
Pasivos corporativos | (30) | - | - | (30) |
Responsabilidad total | (30) | (276) | - | (306) |
Activos netos | 1,411 | 13,671 | 613 | 15,695 |
Notas al Informe Semestral
Para los 6 meses que terminan el 31 de diciembre de 2023
9. EVENTOS POSTERIORES AL BALANCE
On 25 January 2024, Alligator Energy completed its initial investment in ECL of A$0.9m for a 7.8% interest in ECL, diluting Thor's equity interest in ECL to 26.3% (refer Note 5).
10. BASE CONTABLE DE EMPRESA EN FUNCIONAMIENTO
El informe financiero ha sido preparado sobre la base contable de negocio en marcha.
The consolidated entity incurred a net loss before tax of £2,293,000 for the half year ended 31 December 2023, and net cash outflows of £974,000 from operating and investing activities. The Group is reliant upon completion of asset sales or a capital raising to fund continued operations and the provision of working capital.
The Group's cash flow forecast for the 12 months ending 28 February 2025, highlight the fact that the Company is expected to continue to generate negative cash flow over that period, inclusive of the discretionary exploration spend. The Board of Directors are of the view that the injection of funds into the Group during the next 12 months need to be undertaken, and based on the history of successfully raising funds, the directors believe that any further necessary funds will be raised in order for the Group to remain cash positive for the whole period. If additional capital is not obtained, the going concern basis may not be appropriate, with the result that the Group may have to realise its assets and extinguish its liabilities, other than in the ordinary course of business and at amounts different from those stated in the financial report.
The Directors expect that further funds can be raised and it is appropriate to prepare the financial statements on a going concern basis, however there can be no certainty that any fundraise will complete. These conditions indicate existence of a material uncertainty related to events or conditions that may cast significant doubt about the Group's ability to continue as a going concern, and, therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business. These financial statements do not include the adjustments that would be required if the Group could not continue as a going concern.
DIRECTORES, SECRETARIO Y ASESORES
Terriblectoros Alastair Clayton (Presidente no ejecutivo)
Nicole Galloway Warland (Directora general)
Mark McGeough (director no ejecutivo)
| En Reino Unido | En Australia |
Regoficial registradoce y terriblectores bdirección comercial
| Casa de salisbury Muro de londres Londres, EC2M 5PS Reino Unido
| 6 El desfile Norwood, Australia Meridional Australia 5067
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Empresa Secretardars
| Esteban Frank Ronaldson | cresta de rayos |
Página web
| www.thorenergyplc.com | www.thorenergyplc.com |
Asesor designado para la empresa | WH Irlanda limitada Calle Martín 24 Londres, EC4R 0DR
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Auditores de la Empresa | PKF Littlejohn LLP 15 Circo de Westferry Canary Wharf Londres, E14 4HD
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Solicitores a la Compañíay | Druces LLP Casa de salisbury Muro de londres Londres, EC2M 5PS Reino Unido
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Registradores | Computershare Investor Services Plc Los pabellones Carretera de Bridgewater Brístol BS99 6ZY Reino Unido | Computershare Servicios para inversores Pty Ltd Nivel 5, 115 St Grenfell St Adelaide, Australia del Sur 5000 |
INFORME DE REVISIÓN INDEPENDIENTE PARA THOR ENERGY PLC
Conclusión
We have been engaged by the group to review the condensed set of financial statements in the half-yearly financial report for the six months ended 31 December 2023 which comprise [the consolidated statement of comprehensive income, consolidated statement of financial position, consolidated statement of changes in equity, consolidated statement of cash flow and related notes. We have read the other information contained in the half-yearly financial report and considered whether it contains any apparent misstatements or material inconsistencies with the information in the condensed set of financial statements.
Con base en nuestra revisión, nada ha llamado nuestra atención que nos haga creer que el conjunto resumido de estados financieros en el informe financiero semestral para el semestre terminado el 31 de diciembre de 2023 no está preparado, en todos los aspectos importantes, de conformidad con El Reino Unido adoptó la Norma Internacional de Contabilidad 34 y las Reglas AIM para Empresas.
Base para la conclusión
Realizamos nuestra revisión de acuerdo con la Norma Internacional sobre Compromisos de Revisión (Reino Unido) 2410, "Revisión de Información Financiera Intermedia Realizada por el Auditor Independiente de la Entidad", emitida para uso en el Reino Unido. Una revisión de la información financiera intermedia consiste en realizar consultas, principalmente a las personas responsables de los asuntos financieros y contables, y aplicar procedimientos analíticos y de revisión. Una revisión tiene un alcance sustancialmente menor que una auditoría realizada de acuerdo con las Normas Internacionales de Auditoría (Reino Unido) y, en consecuencia, no nos permite obtener seguridad de que conoceremos todos los asuntos importantes que podrían identificarse en una auditoría. En consecuencia, no expresamos una opinión de auditoría.
As disclosed in note 1(a), the annual financial statements of the group are prepared in accordance with UK adopted IASs. The condensed set of financial statements included in this half-yearly financial report has been prepared in accordance with UK adopted International Accounting Standard 34, "Interim Financial Reporting".
Incertidumbre material relacionada con la empresa en marcha
We draw attention to note 10 in the condensed set of financial statements of the half-yearly report, which indicates that conditions exist that may cast doubt on the group's ability to continue as a going concern. The group incurred a net loss of £2.293m, had net cash outflows from operating and investing activities of £0.974m in the period and has cash resources of £0.525m as at the period-end. Based on cash flow forecasts prepared by management, all current cash resources will be used prior to the 12 months period from the date on which these condensed set of financial statements of the financial statements of the half-yearly report are approved and thus the group will be required to raise additional funds.
As stated in note 10, these events or conditions, along with the other matters as set forth in note 10, indicate that a material uncertainty exists that may cast significant doubt on the group's ability to continue as a going concern. Our conclusion is not modified in respect of this matter.
Based on our review procedures, which are less extensive than those performed in an audit as described in the Basis for conclusion section of this report, nothing has come to our attention to suggest that management have inappropriately adopted the going concern basis of accounting.
Responsabilidades de los directores
The directors are responsible for preparing the half-yearly financial report in accordance with AIM Rules for Companies.
Al preparar el informe financiero semestral, los directores son responsables de evaluar la capacidad del grupo para continuar como empresa en funcionamiento, revelando, según corresponda, las cuestiones relacionadas con la empresa en funcionamiento y utilizando el principio contable de empresa en funcionamiento a menos que los directores tengan la intención de liquidar el grupo o cesar sus operaciones, o no tienen otra alternativa realista que hacerlo.
Responsabilidades del auditor para la revisión de la información financiera
In reviewing the half-yearly report, we are responsible for expressing to the group a conclusion on the condensed set of financial statements in the half-yearly financial report. Our conclusion, including those within the Material uncertainty related to going concern paragraph, are based on procedures that are less extensive than audit procedures, as described in the Basis for conclusion paragraph of this report.
Uso de nuestro informe
This report is made solely to the company's directors, as a body, in accordance with the terms of our engagement letter dated 31 December 2023. Our review has been undertaken so that we might state to the company's directors those matters we have agreed to state to them in a reviewer's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone, other than the company and the company's directors as a body, for our work, for this report, or for the conclusions we have formed.
PKF Littlejohn LLP
Auditor de cuentas
15 Circo de Westferry
Canary Wharf
Londres E14 4HD
4 de marzo de 2024
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