THOR ENERGY PLC — Capital/Financing Update 2021

Dec 21, 2021

Application for quotation of +securities

Announcement Summary

Entity name
THOR MINING PLC

Announcement Type
New announcement

Date of this announcement
Wednesday December 22, 2021

The +securities to be quoted are:
- +Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +security code	Security description	Number of +securities to be quoted	Issue date
THR	CHESS DEPOSITARY INTERESTS 1:1	227,200,000	22/12/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

Part 1 - Entity and announcement details

1.1 Name of entity

THOR MINING PLC

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ARBN

Registration number

121117673

1.3 ASX issuer code

THR

1.4 The announcement is

☑ New announcement

1.5 Date of this announcement

22/12/2021

Application for quotation of +securities
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Application for quotation of +securities

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

☑ +Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date and Time	Announcement Title	Selected Appendix 3B to submit quotation request
15-Dec-2021 08:59	New - Proposed issue of securities - THR	A placement or other type of issue

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

☑ Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

95,333,333 options expiring 20 December 2022 exercise price $0.015
95,333,333 options expiring 20 December 2023 exercise price $0.02
The Company will apply for ASX approval to have both option series quoted on the ASX

Application for quotation of +securities
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Application for quotation of +securities

Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description
THR : CHESS DEPOSITARY INTERESTS 1:1

Issue date
22/12/2021

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

| Number of +securities held | Number of holders | Total percentage of +securities held
For example, to enter a value of 50%
please input as 50.00 |
| --- | --- | --- |
| 1 - 1,000 | | % |
| 1,001 - 5,000 | | % |
| 5,001 - 10,000 | | % |
| 10,001 - 100,000 | | % |
| 100,001 and over | 65 | 100.00 % |

Application for quotation of +securities

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Application for quotation of +securities

Issue details

Number of +securities to be quoted
220,000,000

Are the +securities being issued for a cash consideration?
☑ Yes

In what currency is the cash consideration being paid?
AUD - Australian Dollar
What is the issue price per +security?
AUD 0.01250000

Any other information the entity wishes to provide about the +securities to be quoted

Number of +securities to be quoted
7,200,000

Are the +securities being issued for a cash consideration?
☑ No

Please describe the consideration being provided for the +securities
CDI's issued to the broker to the placement as part payment of the placement commission.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted
0.012500

Any other information the entity wishes to provide about the +securities to be quoted

Application for quotation of +securities
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X

Application for quotation of +securities

Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

ASX +security code and description	Total number of +securities on issue
THR : CHESS DEPOSITARY INTERESTS 1:1	866,437,385
THROA : OPTION EXPIRING 08-JUL-2023	129,300,000

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

ASX +security code and description	Total number of +securities on issue
THRAS : OPTION EXPIRING 10-NOV-2022 EX $0.03	8,333,000
THRAK : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	259,948,529
THRAM : ORDINARY FULLY PAID	1,133,184,026
THRAQ : OPTION EXPIRING 23-OCT-2022 EX GBP 0.01	26,500,000
THRAR : OPTION EXPIRING 23-OCT-2023 EX GBP 0.0054	4,000,000
THRAT : OPTION EXPIRING 04-MAR-2024 EX GBP 0.010273	2,433,526
THRAV : OPTION EXPIRING 17-AUG-2023 EX GBP 0.013	61,538,461
THRAN : OPTION EXPIRING 08-JUL-2023 EX 0.95C	16,000,000
THRAU : OPTION EXPIRING 04-DEC-2022 EX USD 0.0175	5,000,000

Application for quotation of +securities