Thor Energy Provides Exploration Update for HY-Range Project
Why we think this is neutral
This RNS announcement provides an update on the company's exploration activities at the HY-Range project, including plans to commence a geochemical survey. While the update outlines the company's progress, it does not contain any specific financial or operational news that would warrant a more positive or negative sentiment score.
Key Points
- Geochemical survey to commence in early May 2025 at the HY-Range project in South Australia
- Survey will use a mobile, onsite gas chromatograph to provide real-time, lab-level accuracy measurements of natural hydrogen and helium
- Aims to provide a baseline for distinguishing high-grade and low-grade areas, identify potential gas migration pathways, and pinpoint leads for subsequent analysis
- Company is rapidly advancing its technical evaluation at HY-Range and looks forward to announcing the results of the survey and outlining the full work programme
Summary
Thor Energy Plc (AIM/ASX: THR), the dual-listed natural hydrogen, helium and energy minerals exploration company, has provided an update on its plans to commence a geochemical survey at its HY-Range project in South Australia. The survey is designed to identify concentrations of near-surface gases indicative of deeper accumulations of natural hydrogen and helium, and will help the company to high-grade prospective areas and fine-tune its future exploration drilling programme.