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flag Thor Explorations finds its Douta Gold Project in Senegal economically promising, with high returns and first production set for 2028.

flag Thor Explorations reports positive results from a pre-feasibility study for its Douta Gold Project in Senegal, showing strong economic potential with a pre-tax NPV of $908 million and an IRR of 73% based on a $3,500/ounce gold price. flag The project, which features a $254 million capital cost and 12.6-year life, is expected to produce 1.0 million ounces of gold, with first production targeted for early 2028. flag The company has secured environmental approval, finalized a deal to acquire its joint venture partner’s stake, and is advancing toward finalizing the Mining Convention and detailed design. flag Ongoing exploration continues to expand the resource.

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