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Thor Explorations Ltd is a West African focussed gold producer listed on both the TSX Venture Exchange (TSX-V:THX) and AIM Market of the London Stock Exchange (AIM:THX).
Since the completion of its 100% owned Segilola Gold Mine, located in south-west Nigeria in Q4 2021,At Segilola, In 2025, Thor has entered into its fourth full year of production, having produced 85,057 ounces of gold in 2024, 84,609 ounces in 2023, and 98,006 ounces in 2022.
The Segilola Gold Mine was built based on a total probable reserve of 517,800 ounces of gold grading at 4.02g//t in March 2021, and possesses additional near mine exploration upside potential.
The Segilola Gold Mine is Nigeria’s first and only large-scale commercial gold mine. The Company has a first mover advantage in Nigeria, a largely unexplored part of West Africa with highly prospective geology, significant artisanal and small-scale gold mining.
The Company’s exploration portfolio in the region covers over approximately 1,300 km2 of prospective gold bearing ground.
In addition to the Segilola Project, Thor holds a 70% economic interest in the Douta Gold Project, an advanced gold exploration project located in south-eastern Senegal. At Douta, having provided an updated Mineral Resource Estimate of 1.78 million ounces; workstreams in support of a Preliminary Feasibility Study were advanced in 2024. Drilling has confirmed continuity of gold mineralisation with several high grade intersections. The discovery of additional prospects have justified an accelerated drilling program.
In Addition, in Cote d'Ivoire, Thor Explorations owns100% interest of the Guitry Gold Project , as well as entering into two further option agreements to earn up to an 80% interest in the Marahui and Boundiali Exploration licences.