Operator
Good afternoon, and welcome to the Thor Explorations Limited Investor Presentation. [Operator Instructions] Before we begin, I’d like to submit the following poll, which I kindly ask you to submit your responses.
I’d now like to hand over to CEO, Segun Lawson. Segun, good afternoon.
Olusegun Lawson
President, CEO & Director
Good afternoon, Jack. Thank you. I’m pleased to be here to talk through our Q1 2026 financial and operating results. Welcome, everyone. We have a disclaimer here. There are some forward-looking statements here, and this can be read in detail on our website.
I will start with my usual overview of the company for any new joiners that might be here. Thor Explorations is a West Africa-focused gold producing company. We’re advancing projects in 3 countries. We have our flagship project in Nigeria, the Segilola Gold Mine, which we are now in our fifth calendar year of production after producing around about 92,000 ounces last year. We just completed our first quarter, and we poured just over 20,000 ounces of gold. In Senegal, we have our advanced Douta project, which we have continued to grow in terms of land position and equity stake in. We now have 100% stake in the Douta project after buying out our minority equity partners in this project.
We’re very excited by this project. We completed and filed the preliminary feasibility study in the current period, Q1, which we are reporting, which demonstrated some very strong economics with a project NPV of $908 million, 5% NPV asset using $3,500 gold price pretax. The project has grown to a mineral reserve of 1.2 million ounces at a grade of just over 1 gram per tonne and a total
