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Thor discuss maiden copper-gold mineral resource estimate for Alford East project and £750K placing

Thor Mining PLC's (LON:THR) Mick Billing talks to Proactive London after unveiling the maiden copper-gold mineral resource estimate for its Alford East project in South Australia.

Billing explains the significance of such a find, with a mineral resource estimate for the project of 177,000 tonnes of contained copper and 71,500 ounces of contained gold.

He goes on to explain their budgeting process, after raised £750,000 via the placing of just over 88mln shares at a price of 0.85p per share.

Quick facts: Thor Mining PLC

Price: 0.775 GBX

Market: AIM
Market Cap: £12.58 m

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Thor Mining 'very excited' about acquiring interest in Alford East

Thor Mining PLC's (LON:THR) Mick Billing talks to Proactive London about it's agreement to acquire an interest in the Alford East copper-gold project, in South Australia. The company will acquire up to 80% of Alford East which comprises numerous oxide copper-gold prospects – namely Alford...

on 23/11/20

2 min read