(via NewsDirect)
Lawson said the licence acquisitions, especially the one adjacent to Thor's existing resources, provide a low-cost entry for significant exploration upside. The terms of the main agreement for the Douta West licence include a total consideration of
Simultaneously, Thor is advancing towards the preliminary feasibility study for Douta and initiating exploration activities on the new licences, expecting drill results throughout the current quarter. This includes extending drilling programmes and analysing soil and termite samples to potentially expand the total resource base.
In
Lawson said Thor is focused on deleveraging, strengthening its balance sheet, and achieving a strong free cash flow position. This year's strategic emphasis is on exploring satellite deposits and deeper drilling beneath the Segilola pit, with significant news flow anticipated across its Senegalese and Nigerian projects in the upcoming quarter.
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