Thor Explorations : 2023 ESTMA Report

Extractive Sector Transparency Measures Act - Annual Report
Reporting Entity Name	THOR EXPLORATIONS LTD
Reporting Year	From	2023.01.01	To:	2023.12.31	Date submitted	2024.03.26
Reporting Entity ESTMA Identification Number	E628130	Original Submission
Amended Report
Other Subsidiaries Included (optional field)
Not Consolidated
Not Substituted
Attestation by Reporting Entity
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.
Full Name of Director or Officer of Reporting Entity	Chris Omo-Osagie	Date	2024.03.26
Position Title	CFO

Nigeria Nigeria

Government of Nigeria Government of Nigeria

Ministry of Environment Federal Ministry of Interior

- -- -644 132

- -- -- -- -

644 132

Nigeria

Government of Nigeria

National Agency for Food and Drug Administration and Control

-

-

2,301

-

-

-

-

2,301

Nigerian Geological Survey

Nigeria

Government of Nigeria

Agency

Nigerian Export Supervision

Nigeria

Government of Nigeria

Scheme

Nigerian Aviation Handling

Nigeria

Government of Nigeria

786,114

--

- - -

130,232

5,028

-

- - -

- - -

- - -

- - -

5,028

786,114 130,232

Company

Nigeria Nigeria Nigeria Nigeria

Government of Nigeria Government of Nigeria Government of Nigeria Government of Nigeria

Nigeria Civil Aviation Authority

Nigeria Custom Services National Housing Fund Industrial Training Funds Nigeria Social Insurance Trust

- 888,460 - -

- - - -

3,648 - - -

- - - -- - - -- - - -

- - 16,840 183,604

3,648

888,460

16,840

183,604

Nigeria

Government of Nigeria

-

-

-

-

-

-

18,958

18,958

Fund

Osun State Government ofNigeria

Osun Internal Revenue Services

Nigeria

Lagos State Government of

Nigeria

Lagos Internal Revenue Services

573,023 197,396

- - - - - -

- -- -- -- -- -

573,023 197,396

Nigeria

River State Government of

Nigeria

Rivers Internal Revenue Services

3,234

0

-

-

-

-

3,234

Nigeria

Oyo State Government of

Nigeria

Oyo Internal Revenue Services

Nigeria

Ogun State Government of

Nigeria

Ogun Internal Revenue Services

Nigeria

Edo State Government of

Nigeria

Edo Internal Revenue Services

35,642

8,075

327

- - -- - -- - -- - -- - -

35,642

8,075

327

Nigeria

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year Reporting Entity Name Reporting Entity ESTMA Identification Number Subsidiary Reporting Entities (if necessary)

From:

2023.01.01

THOR EXPLORATIONS LTDE628130

2023.12.31

USD

Payments by Payee

Country

Payee Name1

Departments, Agency, etc… within Payee that Received

Payments2

Taxes

Royalties

Fees

Production Entitlements

Bonuses

DividendsInfrastructure Improvement Payments

Total Amount paid to

PayeeNotes34

Nigeria payments were made in NGN and converted to THOR reporting currency in USD at the date of transaction.

Additional Notes:

Sengal and Burkina Faso payments were made in XOF and converted to THOR reporting currency in USD at average exchange rate of $1/XOF606.6125

Extractive Sector Transparency Measures Act - Annual Report
Reporting Year	From:	2023.01.01	To:	2023.12.31
Reporting Entity Name	THOR EXPLORATIONS LTD	Currency of the Report	USD
Reporting Entity ESTMA Identification Number	E628130
Subsidiary Reporting Entities (if necessary)
Payments by Project
Country	Project Name1	Taxes	Royalties	Fees	Production Entitlements	Bonuses	Dividends	Infrastructure Improvement Payments	Total Amount paid by Project	Notes23
Nigeria	Segilola Gold Project	3,231,348	4,199,128	247,042	-	-	-	219,402	7,896,920
Nigeria	Exploration licenses	-	-	72,940	-	-	-	-	72,940
Senegal	Douta Gold Project	272,484	-	18,302	-	-	-	24,368	315,155
Burkina Faso	Exploration licenses	-	-	7,215	-	-	-	-	7,215
Additional Notes3:	Nigeria payments were made in NGN and converted to THOR reporting currency in USD at the date of transaction. Sengal and Burkina Faso payments were made in XOF and converted to THOR reporting currency in USD at average exchange rate of $1/XOF606.6125

Nigeria payments were made in NGN and converted to THOR reporting currency in USD at the date of transaction.