A Nigerian gold exploration project located in the south-western State of Osun was on Wednesday, February 7 announced as winner of the 2018 “Investment Battlefield” competition at the Investing in African Mining Indaba in Cape Town, South Africa.
Carina Hunter, who is the director of marketing and public relations for Investing in African Mining Indaba, said in a statement.
“TSX-listed Thor Explorations Ltd. was today announced the winner of the 2018 Investment Battlefield for their gold exploration project located in Osun, Nigeria,” the statement read in part.
Thor Exploration was selected as the most promising of 22 junior mining companies that participated in “the battlefield,” where projects registered for the competition are presented before a panel of judges.
Segun Lawson, the company’s CEO, accepted the award after pitching the project to a panel of judges made up of leading analysts and investors.
The runner up was Algold Resources, a gold explorer and developer in Mauritania.
“Identifying the best emerging mining companies for investors and supporting the development of new projects is a critical part of Mining Indaba,” said Harry Chapman, Director of Content for the Mining Indaba.
Junior mining companies that took part in the Investment Battlefield were each assigned a broker mentor who gave advice on delivering presentations and approaching investors.
Thor Exploration’s prize includes a free booth and other support to enable their participation at the 2019 Mining Indaba.