# Thor Explorations Announces Positive Pre-Feasibility Study for the Douta Gold Project, Senegal Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c Original source: https://money.tmx.com/en/quote/THX/news/7738686901646399/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr Publisher: tmx Original announcement: 2026-01-26T07:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Thor Explorations Ltd. - Ticker: THX - Exchange: TSX - Region: Senegal - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Other - Extracted: 2026-09-15 03:03:45 UTC Narrative sentiment: 0.85 · Bullish ## Minestarters Atlas summary Thor Explorations announced positive results from a Pre-Feasibility Study \(PFS\) for its Douta Gold Project in Senegal, confirming a robust, long-life gold project with strong economics. The PFS includes an updated NI 43-101 compliant Mineral Resource Estimate \(MRE\) of 1.7 Moz Indicated and 0.27 Moz Inferred gold, and a maiden Probable Mineral Reserve of 1.2 Moz gold. The project boasts a post-tax NPV5% of US$633 million and an IRR of 61% at US$3,500/oz gold, with a low initial capital cost of US$254 million and a 12.6-year mine life. Reasoning: The Pre-Feasibility Study for the Douta Gold Project confirms strong economics and a substantial maiden Probable Reserve, supported by an updated NI 43-101 compliant Mineral Resource Estimate with a high percentage of Indicated resources, positioning the company for development. - Positive factor: Robust project economics confirmed by PFS \(NPV, IRR, payback\) - Positive factor: Substantial maiden Probable Mineral Reserve of 1.2 Moz gold - Positive factor: High confidence Indicated Mineral Resource \(84.47% M&I\) - Positive factor: Long mine life of 12.6 years with 1.0 Moz gold production - Positive factor: Low initial project capital of US$254 million - Positive factor: Environmental and Social Impact Assessment \(ESIA\) approved - Positive factor: Significant potential for further resource expansion - Negative factor: State free-carried interest not yet incorporated into economic analysis - Negative factor: Fiscal incentives not yet incorporated into economic analysis - Negative factor: Presence of Inferred resources, which are lower confidence Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 53 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The Mineral Resource Estimate and maiden Mineral Reserve were prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects. Evidence · text > prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Alfred Gillman \(Mineral Resources\) and Dominic Claridge \(Mineral Reserves\) are named as Qualified Persons responsible for the estimates. Evidence · text > Mineral Resources: Alfred Gillman FAusIMM \(CP\), a full-time consultant to Thor and not independent Mineral Reserves: Dominic Claridge FAusIMM, AMC Consultants who is Independent of the Company **Maiden Reserve** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The document announces a 'maiden Mineral Reserve' for the Douta Gold Project. Evidence · text > maiden Mineral Reserve **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: The resource estimate is part of a Pre-Feasibility Study \(PFS\) for the project. Evidence · text > results of its Pre-Feasibility Study **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The MRE includes a significant Indicated Mineral Resource of 50.6 Mt grading 1.04 g/t Au for 1.7 Moz. Evidence · table > Indicated Context: 50.6 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The MRE includes an Inferred Mineral Resource of 9.3 Mt grading 0.92 g/t Au for 0.27 Moz. Evidence · table > Inferred Context: 9.3 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The Mineral Resource Estimate is reported at a cut-off grade of 0.3 g/t Au. Evidence · text > reported at a cut-off grade of 0.3g/t Au ## Extracted facts Stored fact records: 53. Some facts used in scoring do not have a stored record. ## Resource Estimates (53) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-0) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:2d35e0ab35c6e1d0e9b4 - Deposit or zone: Total - Mining method: combined - Material type: Total - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 50600000 - Grade: 1.04 - Grade Unit: g/t - Contained Metal: 1.7 - Contained Unit: moz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Indicated Mineral Resource of 1.7 Moz at 1.04 g/t Au represents a substantial and high-confidence portion of the project's gold endowment, contributing significantly to project economics. - Positive factor: Indicated category provides high confidence - Positive factor: Significant contained gold \(1.7 Moz\) - Positive factor: Moderate grade for open pit mining \(1.04 g/t Au\) Evidence · table > 1.04 Context: 50.6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-1) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:43402b3faa6b67ee8b85 - Deposit or zone: Total - Mining method: combined - Material type: Total - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 9300000 - Grade: 0.92 - Grade Unit: g/t - Contained Metal: 0.27 - Contained Unit: moz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Inferred Mineral Resource of 0.27 Moz at 0.92 g/t Au provides additional exploration upside but is of lower confidence than the Indicated category. - Positive factor: Adds to overall resource base - Positive factor: Moderate grade for open pit mining \(0.92 g/t Au\) - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 0.92 Context: 9.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-2) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: reserve - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dominic Claridge - Resource group id: resource:c0a989a6ad55713f64a9 - Mining method: combined - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: probable - Tonnes: 36600000 - Grade: 1.03 - Grade Unit: g/t - Contained Metal: 1.2 - Contained Unit: moz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-01 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The maiden Probable Mineral Reserve of 1.2 Moz at 1.03 g/t Au confirms the economic viability of the project and provides a strong foundation for development. - Positive factor: Maiden Probable Reserve demonstrates economic viability - Positive factor: Significant contained gold \(1.2 Moz\) - Positive factor: Moderate grade for open pit mining \(1.03 g/t Au\) Evidence · text > Probable Reserve of 36.6 Mt grading at an average grade of 1.03 g/t Au for 1.2 Moz Au #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-3) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:b6e0ca645c0e9abe4423 - Deposit or zone: Makosa North - Mining method: combined - Material type: SOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 100000 - Grade: 1.08 - Grade Unit: g/t - Contained Metal: 4 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Indicated resource for Makosa North \(SOX\) at 1.08 g/t Au contributes to the overall project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Moderate grade for open pit mining \(1.08 g/t Au\) Evidence · table > 1.08 Context: 0.1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-4) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:b7f3ff16d2f1a832eba9 - Deposit or zone: Makosa North - Mining method: combined - Material type: MOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 2000000 - Grade: 1.1 - Grade Unit: g/t - Contained Metal: 70 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Indicated resource for Makosa North \(MOX\) at 1.10 g/t Au contributes to the overall project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Moderate grade for open pit mining \(1.10 g/t Au\) Evidence · table > 1.10 Context: 2.0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-5) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:0fc13d5de634db643255 - Deposit or zone: Makosa North - Mining method: combined - Material type: WOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 2000000 - Grade: 1.11 - Grade Unit: g/t - Contained Metal: 72 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Indicated resource for Makosa North \(WOX\) at 1.11 g/t Au contributes to the overall project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Moderate grade for open pit mining \(1.11 g/t Au\) Evidence · table > 1.11 Context: 2.0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-6) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:e8de817ff7c56d38da98 - Deposit or zone: Makosa North - Mining method: combined - Material type: fresh - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 5800000 - Grade: 1.06 - Grade Unit: g/t - Contained Metal: 197 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Indicated resource for Makosa North \(FRESH\) at 1.06 g/t Au contributes to the overall project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Moderate grade for open pit mining \(1.06 g/t Au\) Evidence · table > 1.06 Context: 5.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-7) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:9b91a291835d9860d649 - Deposit or zone: Makosa North - Mining method: combined - Material type: Total - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 9900000 - Grade: 1.08 - Grade Unit: g/t - Contained Metal: 342 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The total Indicated resource for Makosa North at 1.08 g/t Au represents a significant portion of the project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Significant contained gold for the zone \(342 koz\) - Positive factor: Moderate grade for open pit mining \(1.08 g/t Au\) Evidence · table > 1.08 Context: 9.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-8) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:dbcad0b62f8abd4f7e36 - Deposit or zone: Makosa - Mining method: combined - Material type: SOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 1000000 - Grade: 1.11 - Grade Unit: g/t - Contained Metal: 36 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Indicated resource for Makosa \(SOX\) at 1.11 g/t Au contributes to the overall project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Moderate grade for open pit mining \(1.11 g/t Au\) Evidence · table > 1.11 Context: 1.0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-9) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:a28441229d3c2dec2304 - Deposit or zone: Makosa - Mining method: combined - Material type: MOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 2900000 - Grade: 1.08 - Grade Unit: g/t - Contained Metal: 100 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Indicated resource for Makosa \(MOX\) at 1.08 g/t Au contributes to the overall project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Moderate grade for open pit mining \(1.08 g/t Au\) Evidence · table > 1.08 Context: 2.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-10) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:38a6a3639de4dcec7379 - Deposit or zone: Makosa - Mining method: combined - Material type: WOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 2100000 - Grade: 1.06 - Grade Unit: g/t - Contained Metal: 72 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Indicated resource for Makosa \(WOX\) at 1.06 g/t Au contributes to the overall project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Moderate grade for open pit mining \(1.06 g/t Au\) Evidence · table > 1.06 Context: 2.1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-11) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:84d89db50bf02c03dc0f - Deposit or zone: Makosa - Mining method: combined - Material type: fresh - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 14600000 - Grade: 1.06 - Grade Unit: g/t - Contained Metal: 496 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Indicated resource for Makosa \(FRESH\) at 1.06 g/t Au contributes to the overall project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Moderate grade for open pit mining \(1.06 g/t Au\) Evidence · table > 1.06 Context: 14.6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-12) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:d9f00a34e90bda7e3d87 - Deposit or zone: Makosa - Mining method: combined - Material type: Total - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 20600000 - Grade: 1.06 - Grade Unit: g/t - Contained Metal: 704 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The total Indicated resource for Makosa at 1.06 g/t Au represents a significant portion of the project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Significant contained gold for the zone \(704 koz\) - Positive factor: Moderate grade for open pit mining \(1.06 g/t Au\) Evidence · table > 1.06 Context: 20.6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-13) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:6d6902ab3de54a4ae443 - Deposit or zone: Makosa East - Mining method: combined - Material type: SOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 100000 - Grade: 0.93 - Grade Unit: g/t - Contained Metal: 4 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Indicated resource for Makosa East \(SOX\) at 0.93 g/t Au contributes to the overall project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Moderate grade for open pit mining \(0.93 g/t Au\) Evidence · table > 0.93 Context: 0.1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-14) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:caf914b0a859f5fd430a - Deposit or zone: Makosa East - Mining method: combined - Material type: MOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 2100000 - Grade: 0.85 - Grade Unit: g/t - Contained Metal: 56 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Indicated resource for Makosa East \(MOX\) at 0.85 g/t Au contributes to the overall project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Moderate grade for open pit mining \(0.85 g/t Au\) Evidence · table > 0.85 Context: 2.1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-15) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:e18b1c2fb07075ec708e - Deposit or zone: Makosa East - Mining method: combined - Material type: WOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 1700000 - Grade: 0.84 - Grade Unit: g/t - Contained Metal: 45 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Indicated resource for Makosa East \(WOX\) at 0.84 g/t Au contributes to the overall project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Moderate grade for open pit mining \(0.84 g/t Au\) Evidence · table > 0.84 Context: 1.7 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-16) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:a91c6788110162258e0a - Deposit or zone: Makosa East - Mining method: combined - Material type: fresh - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 4500000 - Grade: 0.98 - Grade Unit: g/t - Contained Metal: 141 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Indicated resource for Makosa East \(FRESH\) at 0.98 g/t Au contributes to the overall project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Moderate grade for open pit mining \(0.98 g/t Au\) Evidence · table > 0.98 Context: 4.5 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-17) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:f4cfb7274f25ee69ca99 - Deposit or zone: Makosa East - Mining method: combined - Material type: Total - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 8300000 - Grade: 0.92 - Grade Unit: g/t - Contained Metal: 246 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The total Indicated resource for Makosa East at 0.92 g/t Au represents a significant portion of the project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Significant contained gold for the zone \(246 koz\) - Positive factor: Moderate grade for open pit mining \(0.92 g/t Au\) Evidence · table > 0.92 Context: 8.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-18) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:bb320007ed9a12a9593a - Deposit or zone: Makosa Tail - Mining method: combined - Material type: SOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 100000 - Grade: 0.79 - Grade Unit: g/t - Contained Metal: 1 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Indicated resource for Makosa Tail \(SOX\) at 0.79 g/t Au contributes to the overall project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Moderate grade for open pit mining \(0.79 g/t Au\) Evidence · table > 0.79 Context: 0.1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-19) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:0196070b44e17c93203f - Deposit or zone: Makosa Tail - Mining method: combined - Material type: MOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 1800000 - Grade: 0.88 - Grade Unit: g/t - Contained Metal: 49 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Indicated resource for Makosa Tail \(MOX\) at 0.88 g/t Au contributes to the overall project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Moderate grade for open pit mining \(0.88 g/t Au\) Evidence · table > 0.88 Context: 1.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-20) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:90d6a7868e841912e85f - Deposit or zone: Makosa Tail - Mining method: combined - Material type: WOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 1400000 - Grade: 0.93 - Grade Unit: g/t - Contained Metal: 43 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Indicated resource for Makosa Tail \(WOX\) at 0.93 g/t Au contributes to the overall project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Moderate grade for open pit mining \(0.93 g/t Au\) Evidence · table > 0.93 Context: 1.4 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-21) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:ebf1f7e6d7772503cd2b - Deposit or zone: Makosa Tail - Mining method: combined - Material type: fresh - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 7500000 - Grade: 1.09 - Grade Unit: g/t - Contained Metal: 261 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Indicated resource for Makosa Tail \(FRESH\) at 1.09 g/t Au contributes to the overall project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Moderate grade for open pit mining \(1.09 g/t Au\) Evidence · table > 1.09 Context: 7.5 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-22) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:2deaf0083c216fff9774 - Deposit or zone: Makosa Tail - Mining method: combined - Material type: Total - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 10700000 - Grade: 1.03 - Grade Unit: g/t - Contained Metal: 355 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The total Indicated resource for Makosa Tail at 1.03 g/t Au represents a significant portion of the project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Significant contained gold for the zone \(355 koz\) - Positive factor: Moderate grade for open pit mining \(1.03 g/t Au\) Evidence · table > 1.03 Context: 10.7 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-23) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:ef713581445f276d87fa - Deposit or zone: Baraka3 - Mining method: combined - Material type: SOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 0 - Grade: 1.6 - Grade Unit: g/t - Contained Metal: 2 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Indicated resource for Baraka3 \(SOX\) at 1.60 g/t Au contributes to the overall project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Strong grade for open pit mining \(1.60 g/t Au\) Evidence · table > 1.60 Context: 0.0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-24) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:39699c297be70d01003f - Deposit or zone: Baraka3 - Mining method: combined - Material type: MOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 700000 - Grade: 1.42 - Grade Unit: g/t - Contained Metal: 34 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Indicated resource for Baraka3 \(MOX\) at 1.42 g/t Au contributes to the overall project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Strong grade for open pit mining \(1.42 g/t Au\) Evidence · table > 1.42 Context: 0.7 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-25) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:6dceb36c40ba90d6da42 - Deposit or zone: Baraka3 - Mining method: combined - Material type: WOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 200000 - Grade: 1.35 - Grade Unit: g/t - Contained Metal: 9 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Indicated resource for Baraka3 \(WOX\) at 1.35 g/t Au contributes to the overall project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Strong grade for open pit mining \(1.35 g/t Au\) Evidence · table > 1.35 Context: 0.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-26) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:df6f7bf2a96a99cb246b - Deposit or zone: Baraka3 - Mining method: combined - Material type: fresh - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 200000 - Grade: 1.53 - Grade Unit: g/t - Contained Metal: 8 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Indicated resource for Baraka3 \(FRESH\) at 1.53 g/t Au contributes to the overall project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Strong grade for open pit mining \(1.53 g/t Au\) Evidence · table > 1.53 Context: 0.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-27) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:09eba27ccbba77ccdf30 - Deposit or zone: Baraka3 - Mining method: combined - Material type: Total - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 1100000 - Grade: 1.43 - Grade Unit: g/t - Contained Metal: 53 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The total Indicated resource for Baraka3 at 1.43 g/t Au represents a significant portion of the project's high-confidence resource base. - Positive factor: Indicated category provides high confidence - Positive factor: Strong grade for open pit mining \(1.43 g/t Au\) Evidence · table > 1.43 Context: 1.1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-28) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:6efc9ac7bf1b336653d0 - Deposit or zone: Makosa North - Mining method: combined - Material type: SOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 0 - Grade: 0.61 - Grade Unit: g/t - Contained Metal: 0.1 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Inferred resource for Makosa North \(SOX\) at 0.61 g/t Au provides exploration upside but is of lower confidence and weak grade. - Positive factor: Adds to overall resource base - Negative factor: Lower confidence category \(Inferred\) - Negative factor: Weak grade for open pit mining \(0.61 g/t Au\) Evidence · table > 0.61 Context: 0.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-29) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:98d9a49db272241f0187 - Deposit or zone: Makosa North - Mining method: combined - Material type: MOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 0.68 - Grade Unit: g/t - Contained Metal: 1.9 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Inferred resource for Makosa North \(MOX\) at 0.68 g/t Au provides exploration upside but is of lower confidence and weak grade. - Positive factor: Adds to overall resource base - Negative factor: Lower confidence category \(Inferred\) - Negative factor: Weak grade for open pit mining \(0.68 g/t Au\) Evidence · table > 0.68 Context: 0.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-30) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:b8737d78c78c955c0193 - Deposit or zone: Makosa North - Mining method: combined - Material type: WOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 0.68 - Grade Unit: g/t - Contained Metal: 1.5 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Inferred resource for Makosa North \(WOX\) at 0.68 g/t Au provides exploration upside but is of lower confidence and weak grade. - Positive factor: Adds to overall resource base - Negative factor: Lower confidence category \(Inferred\) - Negative factor: Weak grade for open pit mining \(0.68 g/t Au\) Evidence · table > 0.68 Context: 0.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-31) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:3415a17d5afc0adce828 - Deposit or zone: Makosa North - Mining method: combined - Material type: fresh - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 4700000 - Grade: 1.03 - Grade Unit: g/t - Contained Metal: 154.9 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Inferred resource for Makosa North \(FRESH\) at 1.03 g/t Au provides exploration upside but is of lower confidence. - Positive factor: Adds to overall resource base - Positive factor: Moderate grade for open pit mining \(1.03 g/t Au\) - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 1.03 Context: 4.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-32) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:22a77e3d0fb529ad2aec - Deposit or zone: Makosa North - Mining method: combined - Material type: Total - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 4800000 - Grade: 1.02 - Grade Unit: g/t - Contained Metal: 158.3 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The total Inferred resource for Makosa North at 1.02 g/t Au provides exploration upside but is of lower confidence. - Positive factor: Adds to overall resource base - Positive factor: Moderate grade for open pit mining \(1.02 g/t Au\) - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 1.02 Context: 4.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-33) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:c9990c3c9912e48c2513 - Deposit or zone: Makosa - Mining method: combined - Material type: SOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 0 - Grade: 0.62 - Grade Unit: g/t - Contained Metal: 0.6 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Inferred resource for Makosa \(SOX\) at 0.62 g/t Au provides exploration upside but is of lower confidence and weak grade. - Positive factor: Adds to overall resource base - Negative factor: Lower confidence category \(Inferred\) - Negative factor: Weak grade for open pit mining \(0.62 g/t Au\) Evidence · table > 0.62 Context: 0.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-34) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:dddc6f0ac8bf9d4bb709 - Deposit or zone: Makosa - Mining method: combined - Material type: MOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 300000 - Grade: 0.73 - Grade Unit: g/t - Contained Metal: 5.9 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Inferred resource for Makosa \(MOX\) at 0.73 g/t Au provides exploration upside but is of lower confidence and weak grade. - Positive factor: Adds to overall resource base - Negative factor: Lower confidence category \(Inferred\) - Negative factor: Weak grade for open pit mining \(0.73 g/t Au\) Evidence · table > 0.73 Context: 0.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-35) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:c6c7e4e09f91585af344 - Deposit or zone: Makosa - Mining method: combined - Material type: WOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 0.77 - Grade Unit: g/t - Contained Metal: 3.6 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Inferred resource for Makosa \(WOX\) at 0.77 g/t Au provides exploration upside but is of lower confidence and weak grade. - Positive factor: Adds to overall resource base - Negative factor: Lower confidence category \(Inferred\) - Negative factor: Weak grade for open pit mining \(0.77 g/t Au\) Evidence · table > 0.77 Context: 0.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-36) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:e16843ea65d1ba985cc3 - Deposit or zone: Makosa - Mining method: combined - Material type: fresh - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1100000 - Grade: 1.03 - Grade Unit: g/t - Contained Metal: 35.5 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Inferred resource for Makosa \(FRESH\) at 1.03 g/t Au provides exploration upside but is of lower confidence. - Positive factor: Adds to overall resource base - Positive factor: Moderate grade for open pit mining \(1.03 g/t Au\) - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 1.03 Context: 1.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-37) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:d9e4671e210aab794fea - Deposit or zone: Makosa - Mining method: combined - Material type: Total - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1500000 - Grade: 0.95 - Grade Unit: g/t - Contained Metal: 45.6 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The total Inferred resource for Makosa at 0.95 g/t Au provides exploration upside but is of lower confidence. - Positive factor: Adds to overall resource base - Positive factor: Moderate grade for open pit mining \(0.95 g/t Au\) - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 0.95 Context: 1.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-38) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:cad1ec2a698b766a9aad - Deposit or zone: Makosa East - Mining method: combined - Material type: SOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 0 - Grade: 0.53 - Grade Unit: g/t - Contained Metal: 0.4 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Inferred resource for Makosa East \(SOX\) at 0.53 g/t Au provides exploration upside but is of lower confidence and weak grade. - Positive factor: Adds to overall resource base - Negative factor: Lower confidence category \(Inferred\) - Negative factor: Weak grade for open pit mining \(0.53 g/t Au\) Evidence · table > 0.53 Context: 0.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-39) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:8e29d77c58ff5f1774e1 - Deposit or zone: Makosa East - Mining method: combined - Material type: MOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 400000 - Grade: 0.65 - Grade Unit: g/t - Contained Metal: 7.5 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Inferred resource for Makosa East \(MOX\) at 0.65 g/t Au provides exploration upside but is of lower confidence and weak grade. - Positive factor: Adds to overall resource base - Negative factor: Lower confidence category \(Inferred\) - Negative factor: Weak grade for open pit mining \(0.65 g/t Au\) Evidence · table > 0.65 Context: 0.4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-40) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:644a67859a5653c3a6fe - Deposit or zone: Makosa East - Mining method: combined - Material type: WOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 200000 - Grade: 0.81 - Grade Unit: g/t - Contained Metal: 4.6 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Inferred resource for Makosa East \(WOX\) at 0.81 g/t Au provides exploration upside but is of lower confidence. - Positive factor: Adds to overall resource base - Positive factor: Moderate grade for open pit mining \(0.81 g/t Au\) - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 0.81 Context: 0.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-41) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:7eac932aedfce7f412d3 - Deposit or zone: Makosa East - Mining method: combined - Material type: fresh - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 800000 - Grade: 0.99 - Grade Unit: g/t - Contained Metal: 25.1 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Inferred resource for Makosa East \(FRESH\) at 0.99 g/t Au provides exploration upside but is of lower confidence. - Positive factor: Adds to overall resource base - Positive factor: Moderate grade for open pit mining \(0.99 g/t Au\) - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 0.99 Context: 0.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-42) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:3e4fbec3cb92daba411e - Deposit or zone: Makosa East - Mining method: combined - Material type: Total - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1300000 - Grade: 0.87 - Grade Unit: g/t - Contained Metal: 37.5 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The total Inferred resource for Makosa East at 0.87 g/t Au provides exploration upside but is of lower confidence. - Positive factor: Adds to overall resource base - Positive factor: Moderate grade for open pit mining \(0.87 g/t Au\) - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 0.87 Context: 1.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-43) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:8de4bb28cd61e3e18027 - Deposit or zone: Makosa Tail - Mining method: combined - Material type: SOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 0 - Grade: 0.52 - Grade Unit: g/t - Contained Metal: 0.5 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Inferred resource for Makosa Tail \(SOX\) at 0.52 g/t Au provides exploration upside but is of lower confidence and weak grade. - Positive factor: Adds to overall resource base - Negative factor: Lower confidence category \(Inferred\) - Negative factor: Weak grade for open pit mining \(0.52 g/t Au\) Evidence · table > 0.52 Context: 0.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-44) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:a3e64b24bf93426fea20 - Deposit or zone: Makosa Tail - Mining method: combined - Material type: MOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 300000 - Grade: 0.5 - Grade Unit: g/t - Contained Metal: 5.3 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Inferred resource for Makosa Tail \(MOX\) at 0.50 g/t Au provides exploration upside but is of lower confidence and weak grade. - Positive factor: Adds to overall resource base - Negative factor: Lower confidence category \(Inferred\) - Negative factor: Weak grade for open pit mining \(0.50 g/t Au\) Evidence · table > 0.50 Context: 0.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-45) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:f636332881c2c532a484 - Deposit or zone: Makosa Tail - Mining method: combined - Material type: WOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 300000 - Grade: 0.62 - Grade Unit: g/t - Contained Metal: 5 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Inferred resource for Makosa Tail \(WOX\) at 0.62 g/t Au provides exploration upside but is of lower confidence and weak grade. - Positive factor: Adds to overall resource base - Negative factor: Lower confidence category \(Inferred\) - Negative factor: Weak grade for open pit mining \(0.62 g/t Au\) Evidence · table > 0.62 Context: 0.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-46) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:ddb8adf644ed8d5c8491 - Deposit or zone: Makosa Tail - Mining method: combined - Material type: fresh - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 800000 - Grade: 0.58 - Grade Unit: g/t - Contained Metal: 15.1 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Inferred resource for Makosa Tail \(FRESH\) at 0.58 g/t Au provides exploration upside but is of lower confidence and weak grade. - Positive factor: Adds to overall resource base - Negative factor: Lower confidence category \(Inferred\) - Negative factor: Weak grade for open pit mining \(0.58 g/t Au\) Evidence · table > 0.58 Context: 0.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-47) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:e5b48d3066b77a54c9c2 - Deposit or zone: Makosa Tail - Mining method: combined - Material type: Total - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1400000 - Grade: 0.57 - Grade Unit: g/t - Contained Metal: 25.8 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The total Inferred resource for Makosa Tail at 0.57 g/t Au provides exploration upside but is of lower confidence and weak grade. - Positive factor: Adds to overall resource base - Negative factor: Lower confidence category \(Inferred\) - Negative factor: Weak grade for open pit mining \(0.57 g/t Au\) Evidence · table > 0.57 Context: 1.4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-48) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:6acd016f1cea0341ac44 - Deposit or zone: Baraka3 - Mining method: combined - Material type: SOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 0 - Grade: 1.09 - Grade Unit: g/t - Contained Metal: 0.5 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Inferred resource for Baraka3 \(SOX\) at 1.09 g/t Au provides exploration upside but is of lower confidence. - Positive factor: Adds to overall resource base - Positive factor: Moderate grade for open pit mining \(1.09 g/t Au\) - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 1.09 Context: 0.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-49) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:e273ddad0667d22155c1 - Deposit or zone: Baraka3 - Mining method: combined - Material type: MOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 200000 - Grade: 0.98 - Grade Unit: g/t - Contained Metal: 5.1 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Inferred resource for Baraka3 \(MOX\) at 0.98 g/t Au provides exploration upside but is of lower confidence. - Positive factor: Adds to overall resource base - Positive factor: Moderate grade for open pit mining \(0.98 g/t Au\) - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 0.98 Context: 0.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-50) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:55db2c9c1ce0ba263cf8 - Deposit or zone: Baraka3 - Mining method: combined - Material type: WOX - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 0 - Grade: 0.88 - Grade Unit: g/t - Contained Metal: 0.3 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Inferred resource for Baraka3 \(WOX\) at 0.88 g/t Au provides exploration upside but is of lower confidence. - Positive factor: Adds to overall resource base - Positive factor: Moderate grade for open pit mining \(0.88 g/t Au\) - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 0.88 Context: 0.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-51) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:af27cf3d4f7bb3764f42 - Deposit or zone: Baraka3 - Mining method: combined - Material type: fresh - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 0 - Grade: 1.27 - Grade Unit: g/t - Contained Metal: 0.1 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The Inferred resource for Baraka3 \(FRESH\) at 1.27 g/t Au provides exploration upside but is of lower confidence. - Positive factor: Adds to overall resource base - Positive factor: Strong grade for open pit mining \(1.27 g/t Au\) - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 1.27 Context: 0.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/thor-explorations-announces-positive-pre-feasibility-study-for-the-douta-gold-pr--c2174909-a19c-4d83-8a2a-d3ea012bbd5c#fact-resource-facts-52) Douta Gold Project · gold #### Identity - Project: Douta Gold Project - Commodity: gold - Region: senegal - Reported Region: Senegal - Ticker: THX #### Resource scope - Estimate type: resource - Effective date: 2026-01-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alfred Gillman - Resource group id: resource:ecf6ba998c4cf28e503e - Deposit or zone: Baraka3 - Mining method: combined - Material type: Total - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 200000 - Grade: 0.98 - Grade Unit: g/t - Contained Metal: 6 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-01-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-26T00:00:00.000Z Reasoning: The total Inferred resource for Baraka3 at 0.98 g/t Au provides exploration upside but is of lower confidence. - Positive factor: Adds to overall resource base - Positive factor: Moderate grade for open pit mining \(0.98 g/t Au\) - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 0.98 Context: 0.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.