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    MarketForces Africa » Companies » News

    Thor Explorations to Commission Segilola Gold Plant in Nigeria

    Olu AnisereBy Olu AnisereJuly 21, 2021 Companies No Comments2 Mins Read
    Thor Explorations to Commission Segilola Gold Plant in Nigeria
    Segun Lawson, President & Chief Executive, Thor Explorations
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    Thor Explorations to Commission Segilola Gold Plant in Nigeria

    Thor Explorations Ltd. (TSXV: THX) announced it has commenced the commissioning of its gold processing plant following the successful turning of the mills at its 100% owned Segilola Gold Project in Nigeria.

    The company made this known in a statement obtained by MarketForces Africa.

    According to the statement, the remaining work is focused primarily on the gold room, elution and electrowinning circuit, power connection; instrumentation and control installations.

    “The Process Plant is being commissioned in phases, with commissioning having already started at the power plant.

    Thor Explorations to Commission Segilola Gold Plant in Nigeria
    Segun Lawson, President & Chief Executive, Thor Explorations

    Commissioning of the SAG & Ball Mills and the crushing section will follow. Thereafter, commissioning will continue with the remaining areas of the Process Plant”, the company said.

    Thor explorations is expecting to pour its first gold from the project before the end of July 2021.

    “Mining is underway, with 700,000 tonnes of waste mined and 30,000 tonnes of ore stockpiled in preparation for Process Plant commissioning. The pit is fully prepared for mining operations, with pre-strip nearing completion.

    “The mining fleet is now fully commissioned and production is expected to quickly ramp up to its design capacity. All the necessary permits are in place and blasting operations have started as the Company moves into the harder transitional and fresh ore zones”, Thor said in the statement.

    Speaking about the development, Segun Lawson, President & Chief Executive said: ‘We are pleased to reach this significant milestone on the Segilola Gold Project.

    Read Also: Nigeria Focused Gold Miner Thor Exploration Lists in London

    “Once again, I would like to thank the entire team, which has done an excellent job amidst the difficult circumstances of the global pandemic to reach this key step in the development of the Segilola Gold Project as we gear up towards production.

    “We continue to work towards, and look forward to, first gold pour before the end of the month”.’

    Thor Explorations to Commission Segilola Gold Plant in Nigeria

    Thor Explorations
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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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