The Directors of Thor Mining PLC (AIM, ASX: THR) are pleased to advise of the acquisition today by Directors of ordinary shares of 0.01p each in the capital of the Company (“Ordinary Shares”) pursuant to the completion of the CDI sale facility announced 8 June 2018, and the granting of options to Directors, as approved by shareholders at the General Meeting held on 7 June 2018.
The table below summarises the change in securities and the resultant balance of securities held by the Directors, including the resultant percentage of the issued share capital held by each Director and their closely associated persons. The Resolutions noted in the table below refer to the resolutions as set out in the Notice of Meeting (refer announcement 18 May 2018).
About Thor Mining PLC
Thor Mining PLC (AIM, ASX: THR) is a resources company quoted on the AIM Market of the London Stock Exchange and on ASX in Australia.
Thor holds 100% of the advanced Molyhil tungsten project in the Northern Territory of Australia, for which an updated feasibility study in 2015¹ suggested attractive returns.
Thor also holds 100% of the Pilot Mountain tungsten project in Nevada USA which has a JORC 2012 Indicated and Inferred Resources Estimate² on 2 of the 4 known deposits.
Thor is also acquiring up to a 60% interest Australian copper development company Environmental Copper Recovery SA Pty Ltd, which in turn holds rights to earn up to a 75% interest in the mineral rights and claims over the portion of the historic Kapunda copper mine in South Australia recoverable by way of in situ recovery.
Thor has a material interest in US Lithium Pty Limited, an Australian private company with a 100% interest in a Lithium project in Nevada, USA.
Finally, Thor also holds a production royalty entitlement from the Spring Hill Gold project³ of:
· A$6 per ounce of gold produced from the Spring Hill tenements where the gold produced is sold for up to A$1,500 per ounce; and
· A$14 per ounce of gold produced from the Spring Hill tenements where the gold produced is sold for amounts over A$1,500 per ounce.
¹ Refer ASX and AIM announcement of 12 January 2015
² Refer AIM announcement of 22 May 2017 and ASX announcement of 23 May 2017
³ Refer AIM announcement of 26 February 2016 and ASX announcement of 29 February 2016
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