InvestSMART

Thor Energy Plc (ASX:THR)

ALERT: Price-sensitive ASX Announcement for THR
Current share price for THR : $0.009 -0.001 (-10%)+
Announcement
Release
9 Jun 2026 8:26AM
Price at Release
$0.010
Full Release
download
Summary
Thor Energy Plc announced the results of their Phase-2 geochemistry survey at the HY-Range Project in South Australia. The survey recorded natural hydrogen concentrations up to 3% and validated three high-priority exploration areas. Enhanced sampling techniques were employed to ensure data integrity and reduce contamination risks. The results demonstrate strong geological correlations needed for successful hydrogen projects and build on the company's methodologies for hydrogen and helium exploration. A 2D seismic acquisition program is planned to further detail these geological structures and advance towards exploration drilling.
Key Points
  • Phase-2 survey recorded natural hydrogen readings up to 3%.
  • Three high-priority exploration areas were validated.
  • Enhanced sampling techniques reduced contamination risks.
  • Strong geological correlations enhance economic viability prospects.
  • Plans for a 2D seismic acquisition program to mature drilling targets.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.