Ann: Sampling Update-High Grade Copper & Gold, Ragged Range, page-12

My thoughts on Thor and not an investment advice please DYOR.

Yes there are headwinds in the broader market and most stock declined in recent months. As a mid to long-term investor I'm going to focus on the positives (a little worried but not panicking to sell)

- Fundamentals behind Thor have not changed.
- I'm sure there will be a CR at some point. I think if company opens CR to existing retail shareholders it will get required capital and better outcome. Additionally, they also have POW shares which can be sold. Let's see what's in the latest quarterly report due this Friday.

- Thor is executing well in CY22
- Uranium drilling is expected to start in August - big potential with this US project.
- Ragged Range drilling results are expected in late August/ early September - touch wood they find something in some of those 48 holes.
- Ragged Range has the potential to be the company maker with new discovery.
- Mollyhill is the dark horse and with a bit of luck they can find JV partner.
- Kapunda (EnviroCopper) & Alfred - I think Kapunda SELT results this year is a big for me.