Thor Energy has made its HY-Range project, covered by RSEL 802, the priority asset within a portfolio that also includes helium, gas storage and critical minerals interests. This sharper focus follows the divestment of non-core Australian assets and a reduction in US exposure, with management directing capital towards South Australia.
Thor says it is financed through to exploration drilling. As at 11 August 2026, the company reported A$2.6 million in cash, with a further A$1.3 million payment expected in September. That funding position gives Thor a clearer route through the next stages of exploration without changing the early-stage risk profile of the project.
HY-Range has already produced a series of surface geochemical results that Thor is using to refine its targets. Initial work completed in May 2025 recorded natural hydrogen readings of up to 6,000 times background levels and helium readings of up to six times background. Follow-up work during 2025 and 2026 increased sampling density and recorded natural hydrogen concentrations of up to 3%.
Thor Energy PLC (LON:THR) is a leading exploration company focused on natural hydrogen and helium, with a significant footprint in the highly prospective South Australian region.
