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Thor Explorations CEO Segun Lawson on 2024 successes and future plans - Resourcing Tomorrow 2024

Published: 10:56 03 Dec 2024 EST

Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF)CEO Segun Lawson spoke with Proactive's Stephen Gunnion about the company’s productive year and milestones at Resourcing Tomorrow 2024. Lawson highlighted the flagship Segilola Gold Mine in Nigeria, which is set to produce 85,000 ounces of gold this year at an all-in sustaining cost below $1,000 per ounce. He confirmed the mine's strong profitability, with the company transitioning to a net cash position in Q3 2024.

Lawson shared exciting updates on drilling results at Segilola, revealing high-grade mineralisation over 100 meters below the current pit design, potentially extending mine life significantly. Plans to deepen the open pit are under evaluation, alongside exploring underground mining options.

Updates on the Douta Project in Senegal were also discussed, with a preliminary feasibility study nearing completion. Lawson noted that Douta could become a significant addition to Thor's organic growth portfolio, projecting a 10–12-year mine life.

Additionally, Thor has expanded its footprint in West Africa, acquiring projects in Côte d'Ivoire and exploring opportunities across East and Southern Africa. Upcoming milestones include achieving annual guidance, completing further studies on Segilola, and advancing Douta's feasibility studies.

Thor Explorations CEO on high-grade gold discovery below Segilola pit

Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF, FRA:T2X) CEO Segun Lawson spoke with Proactive's Stephen Gunnion about new drilling results at the Segilola Mine in Nigeria that are building confidence in extending the operation beyond its original mine plan. Extensive drilling beneath...

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