Thor Energy (THR): Completion of HY-Range Phase 2 Geochemical Survey

Thor Energy

Completion of HY-Range Phase 2 Geochemical Survey | Company Announcement | Investegate Fundraise Welcome About Contact Us Help Home Companies Advanced search Archive UK Short Positions Meetings UK Newswire New Login Register Completion of HY-Range Phase 2 Geochemical Survey Summary by AI BETA Close X Thor Energy PLC has successfully completed its Phase-2 Geochemistry survey at the HY-Range natural hydrogen exploration project in South Australia, safely and on budget. This three-month survey builds upon previous findings of elevated natural hydrogen up to 3,000 ppm and helium anomalies, with new data confirming earlier results and enhancing exploration knowledge. Rigorous sampling methodologies were employed to eliminate the risk of anthropogenic contamination, and preliminary analysis of the acquired data is underway, with results expected in the coming weeks. The company is also progressing with tendering for a 2D exploration seismic survey planned for later this year. Disclaimer* Thor Energy PLC 17 March 2026 &#160; 17 March 2026 &#160; Thor Energy PLC ("Thor" or the "Company") &#160; Completion of HY-Range Phase 2 Natural Hydrogen and Helium Geochemical Survey &#160; Thor Energy Plc (AIM, ASX: THR, OTCQB: THORF) is pleased to announce the successful, safe and on-budget completion of its Phase-2 Geochemistry survey at the company's 80.2%-owned HY-Range natural hydrogen exploration project, within Regulated Substance Exploration Licence (RSEL) 802, South Australia. &#160; Highlights: &#183;&#160;&#160;&#160;&#160;&#160; Survey Completion: The extensive sampling programme successfully concluded following a rigorous three-month test period. &#160; &#183;&#160; &#160;&#160; Building on Discovery: The survey was specifically designed to build upon the outstanding data results and innovative techniques developed during the Phase 1 survey in May 2025, which recorded highly elevated natural hydrogen up to 3,000 ppm 1 , or approximately 6000 times the normal background value, along with helium anomalies. &#160; &#183;&#160;&#160;&#160;&#160;&#160; Core Objectives Achieved: The campaign successfully fulfilled all its primary design goals: 1.&#160;&#160;&#160; Targeted Infill: adding exploration knowledge by increasing coverage of Phase-1 low coverage areas and enhancing density in Thor's high focus exploration areas, with results confirming Phase-1 outcomes. 2.&#160;&#160;&#160; Robust Sampling: removing the risk that results could be explained as anthropogenic (man-made) sample contamination, rather than authentic natural hydrogen, was imperative. Learning from and evolving Phase-1 techniques, Thor and its contractor, SGS, developed rigorous sampling methodologies to deliver robust data acquisition and confidence in Phase-1 and Phase-2 results. 3.&#160; &#160; Technique Evolution: Evolving and innovating through the planning and execution of Phase-2 to refine acquisition and sampling processes for future programmes. &#160; Follow-up news: The preliminary analysis of the acquired survey data is currently underway, with the Company expecting to announce the results to shareholders in the coming weeks. &#160; Andrew Hume, Managing Director of Thor Energy, commented: "We are delighted to report the highly successful completion of our phase-2 geochemistry survey at the HY-Range Project, safely and on-budget. Following the exceptional natural hydrogen and helium readings recorded in May 2025, it was imperative that we further evolve our techniques to ensure that sampling is as robust as possible. This required us to add new locations to expand coverage and deliver further resolutions to focus areas. We have successfully delivered all our goals, effectively eliminating the risk of man-made contamination, refining our techniques and optimising increased data volume and fidelity. &#160; "We are currently undertaking preliminary analysis of the data and look forward to sharing these results with the market as we continue to aggressively advance the HY-Range Project." &#160; Operations Overview Phase 2 geochemistry operations commenced with the installation of sample holes across targeted areas of the RSEL 802 licence. Over a subsequent three-month period, samples were systematically extracted and analysed, without fears of potential contamination. The programme was conducted rigorously, safely, and entirely on budget, fulfilling all operational and technical objectives. &#160; This survey marks a critical evolution in Thor's exploration maturity at HY-Range. During the Phase 1 survey of May 2025, Thor identified excellent natural hydrogen readings, locally exceeding 1,000ppm in several locations and peaking at 3,000ppm. Whilst soil gas sampling carries inherent risks of anthropogenic (man-made) contamination, Phase-2 was explicitly designed to mitigate this risk and deliver robust sampling to increased data coverage and sample density. &#160; With the field acquisition phase now successfully completed, Thor's technical team is conducting preliminary analysis of the results to further refine subsurface models of hydrogen and helium generation, migration, and trapping. Results of the survey will be announced once data reduction and preliminary analysis are complete. &#160; Concurrently, Thor is in the final stages of tendering for a 2D exploration seismic survey, which will deliver the first-of-its-kind data over the most prospective parts of RSEL-802. The survey is planned for later this year, with the results expected to provide the data necessary to integrate our geochemical and geophysical analysis and lead to the location and planning of subsequent exploration wells. &#160; -ENDS- &#160; The Board of Thor Energy Plc has approved this announcement and authorised its release. &#160; For further information on the Company, please visit the&#160; website, or please contact the following: &#160; Thor Energy PLC Andrew Hume, Managing Director Alastair Clayton, Non-Executive Chairman Rowan Harland, Company Secretary Tel: +61 (8) 6555 2950 &#160; Zeus Capital Limited (Nominated Adviser and Joint Broker) Antonio Bossi / Darshan Patel / Liv Highton Tel:&#160;+44 (0) 203 829 5000 &#160; SI Capital Limited (Joint Broker) Nick Emerson Tel: +44 (0) 1483 413 500 &#160; Yellow Jersey (Financial PR) Dom Barretto / Shivantha Thambirajah thor@yellowjerseypr.com Tel: +44 (0) 20 3004 9512 &#160; About Thor Energy Plc The Company is focused on both hydrogen and helium exploration, along with the exploration for copper, gold, uranium, and other energy metals. &#160; For further information on Thor Energy and to see an overview of its projects, please visit the Company's website at&#160; https://thorenergyplc.com/ . 1 The Company confirms that it is not aware of any new information or data that materially affects the previously disclosed geochemical results referred to in this announcement. Information included in the original market announcement dated 7 July 2025 is that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcements. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy . &#160; END &#160; &#160; AI Summary Disclaimer BETA &times; The content you are viewing has been generated or assisted by 