Thor Mining PLC (ASX:AIM:THR) Research Report

 

The Board of Thor Mining Plc (“Thor” or the “Company”) (AIM, ASX: THR), is pleased to provide an update confirming the release of a Research Note initiating coverage on the Company.

Research Note

SI Capital have today released an Initiation of Coverage Note in respect of Thor Mining that may be viewed through the following link:

http://www.thormining.com/-/thor/lib/docs/researchreport/SIC_THR.L_INITIATION_JUNE2018.pdf

 

Updates on the Company’s activities are regularly posted on Thor’s website www.thormining.com, which includes a facility to register to receive these updates by email, and on the Company’s Twitter page @ThorMining

About Thor Mining PLC

Thor Mining PLC (AIM/ASX:LON) 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 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 also holds a production royalty entitlement from the Spring Hill Gold project³ of:

·   A$6perounceofgoldproducedfromtheSpringHilltenementswherethegoldproducedissoldforup to A$1,500 per ounce;and

·   A$14 per ounce of gold⁴ produced from the Spring Hill tenements where the gold produced is sold for amounts over A$1,500 perounce.

Notes

·   ¹ReferASXandAIMannouncementof12January2015

·   ²ReferAIMannouncementof22May2017andASXannouncementof23May2017

·   ³Refer AIM announcement of 26 February 2016 and ASXannouncementof29February2016

 


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