Thor Energy plc Advances Natural Hydrogen Exploration in South Australia
Key Ideas
  • Thor Energy plc is set to begin a comprehensive soil air geochemical survey in early May 2025 at its HY-Range project in South Australia to evaluate the regional geology and potential for natural hydrogen and helium.
  • The innovative approach includes deploying a mobile gas chromatograph for real-time, lab-level accuracy measurements, providing advantages like high-accuracy readings for natural hydrogen and helium at detection limits as low as a few parts per million.
  • The survey aims to identify high-grade areas, potential gas migration pathways, and leads for subsequent analysis, building on the recent geological study results. Thor Energy is moving quickly towards exploration drilling based on the survey outcomes.
  • In a strategic move, Thor Energy issued 1,666,666 new ordinary shares in exchange for professional services instead of cash payment, showing commitment to advancing their natural hydrogen and helium exploration projects.
Thor Energy plc, a dual-listed natural hydrogen, helium, and energy minerals exploration company, has announced plans to commence a geochemical survey at its HY-Range project in South Australia. The survey, set to start in early May 2025, aims to assess the regional geology and the potential for natural hydrogen and helium within the license area. Thor Energy has adopted an innovative approach by using a mobile gas chromatograph for real-time, lab-level accuracy measurements, which allows for high-accuracy readings even at low detection limits. The survey will help identify high-grade areas, potential gas migration pathways, and leads for subsequent analysis. This initiative follows the relinquishment of the Ragged Range Project in Western Australia and an update on the company's project portfolio. Thor Energy is proactively advancing its technical evaluation at the HY-Range project and is enthusiastic about the survey results. The strategic location of the HY-Range project, adjacent to the City of Adelaide and industrial areas, coupled with existing regional infrastructure, makes it highly prospective for natural hydrogen and helium exploration. Furthermore, in a move to enhance engagement with the investor community, Thor Energy has issued 1,666,666 new ordinary shares in exchange for social media and engagement services provided by VISITZ Limited. This equity issuance demonstrates Thor Energy's commitment to progressing its natural hydrogen and helium exploration projects and highlights the company's focus on leveraging innovative approaches to advance in the energy minerals sector.
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