The directors of Thor Mining Plc announced the successful application of the Alford East Copper-Gold Project as part of Round 2 of the Accelerated Discovery Initiative (ADI). The Alford East Project is a opportunity for Thor shareholders at a time of record copper prices. The $300,000 funding will significantly expediate its exploration and development program for the Alford East ISR Project, with diamond drilling commencing shortly with the objective to increase the resource size and commence hydrometallurgical studies. The Accelerated Discovery initiative (ADI) aims to encourage innovation and collaboration to advance exploration activities in South Australia. It provides a Government contribution towards exploration activities, through supporting the potential discovery of new mineral and ground water resources, while delivering a number of other economic and social benefits to the State. Successful applications for Round 2 of the initiative were announced by the Minister for Energy and Mining, Hon Dan van Holst Pellekaan MP on 20 May 2021. A total of almost AUD 4.5 million in new funding has been award to 22 companies, with Thor Mining granted AUD 300,000. The Alford East Copper-Gold Project is located on EL6529, where Thor is earning up to 80% interest from unlisted Australian explorer Spencer Metals Pty Ltd, covering portions of EL6255 and EL6529. The Alford East Project covers the northern extension the Alford Copper Belt, located on the Yorke Peninsula SA. The Alford Copper Belt is a semi coherent zone of copper-gold oxide mineralization, within a structurally controlled north-south corridor consisting of deeply kaolinized and oxidized troughs within metamorphic units on the edge of the Tickera Granite Gawler Craton, SA. Numerous companies since the early 1990's have explored the area for Iron Oxide Copper Gold (IOCG) style primary mineralization, essentially ignoring the oxide mineralization. Thor who acquired the ground in December 2020 (Earn-In/JV) are the first company to explore solely for the oxide copper-gold mineralization. Over 500 drill holes were drilled between 1982 and 2015 in the Project area, totalling over 40,585m. Next Step - Exploration and Development Activities: Potential to grow the Alford East copper-gold Mineral Resource Estimate remains along strike and at depth. Historic aircore and reverse circulation drilling within the project area stopped within the mineralized oxide copper-gold zones with only limited deeper diamond holes continuing through the oxide copper mineralization. A 2,000m diamond drilling program is scheduled to commence late May, designed to follow up on the depth extent of the oxide mineralization, adjacent to these mineralized diamond holes. In addition, drill holes will be placed along strike of the eight identified mineralized zones to confirm strike extent and continuity of the mineralization.