Recently updated on October 24th, 2022 at 03:35 pm
Thor Explorations Limited (also known as Segilola), a gold mining company operating in Osun State, Nigeria has emerged winner of the 2018 Investment Battlefield award for their gold exploration project in Osun State.
Thor Explorations Limited was selected as the most promising of the 22 junior mining companies that participated in the battlefield, after beating Algold Resources, a Mauritanian gold explorer company.
The CEO of Thor Explorations Limited, Segun Lawson, accepted the Investment Battlefield award after pitching the project to a panel of judges made up of leading analysts and investors, in Cape Town, South Africa.
The award came just as Nigeria was named among the top ten mining designations for 2019.
The company, which has considerable interest in some West African countries is also listed on the Toronto Stock Exchange. Thor’s flagship asset is its 100 percent owned Segilola Gold Project in Osun State.
Thor has been developing the Segilola Gold Project since it acquired it 15 months ago and aims to break ground this year by commencing construction.
The Segilola Gold Project was presented by Thor to a number of investor panels at the 2018 Mining Indaba in the extremely competitive Investor Battlefield Competition, which ran over the course of three days. Thor and Segilola emerged victorious over all participants with Segilola being declared the “Best Emerging Mining Project in Africa”.
In the words of Segun Lawson:
“The economic robustness of the project, the progressive Mining Code of Nigeria and the regulatory framework of the Ministry of Mines and Steel Development as well as the potential to increase its size through further exploration were the key critical factors considered by the panel.”
General Manager, Global Business Report, Alice Pascoletti, said Nigeria’s inclusion among the top mining destinations for 2019, was premised on factors such as legal and regulatory framework, ease of doing business, risk profile as well as experiences of operators in the country.
Thor’s CEO, Segun Lawson, 39, a geologist who was educated in the United Kingdom, had a brief stint in investment banking before venturing into mining, when he founded the company some eight years ago.
