Proactiveinvestors United Kingdom Thor Mining PLC https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Thor Mining PLC RSS feed en Tue, 19 Feb 2019 01:22:14 +0000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Thor Mining has a broad portfolio of assets in tungsten, molybdenum, copper, and other metals ]]> https://www.proactiveinvestors.co.uk/companies/news/214114/thor-mining-has-a-broad-portfolio-of-assets-in-tungsten-molybdenum-copper-and-other-metals-214114.html Thor Mining PLC (ASX:THR)(LON:THR) specialises in exploration and the development of base metals resources in Australia and the USA. It’s run by Mick Billing, a seasoned mining industry professional who has more than 40 years experience in resources and the resources finance business, and who boasts extensive time at Western Mining on his CV.

What does Thor Mining own?

The key asset is the Molyhil tungsten and molybdenum project, which lies 220 kilometres east of Alice Springs.

The Molyhil deposit occurs in two adjacent skarn bodies that contain outcropping molybdenite and scheelite mineralisation. Since mid-2004 it has been the subject of systematic testwork comprising geophysical exploration, diamond and reverse circulation drilling programmes, surface and underground bulk sampling, metallurgical testwork and a geotechnical study.

A feasibility study revealed in August 2018 that the project is technically and economically viable, has a seven-year life, with strong financial returns and rapid capital payback.

Thor has also recently demonstrated the existence of a significant new tungsten deposit adjacent to Molyhil at the Bonya Samarkand prospect. The Bonya tenement is held jointly with Arafura Resources (ASX:ARU).

Elsewhere, Thor has the right to earn into a 45% interest in the Kapunda copper project in South Australia. A recent study has highlighted the potential for the in-situ recovery of copper from this project.

And at the Desert Scheelite deposit on the Pilot Mountain project in Nevada, Thor now boasts a resource of 10.7mln tonnes of ore grading 0.26% WO3, with additional silver, zinc and copper.

Inflection points

Financing talks in regard to the development of Molyhil are ongoing and will be supported by the evidence of new tungsten mineralisation adjacent to the project at Bonya.

At Pilot Mountain, work on other deposits like Gun Metal and Good Hope has the potential to add further resources.

And further work will also be undertaken on Kapunda.

Chairman Mick Billing confident of continued progress

“Samarkand is just one of what we believe will be series of satellite tungsten and copper deposits within economic trucking distance of Molyhil, thus making the case for Molyhil development even more compelling,” said Thor Mining chairman Mick Billing.

“We now have confirmed tangible evidence of extensive surface outcropping tungsten mineralisation at Bonya, including mineralisation extending in excess of 500 metres of strike at Samarkand. Our discussions and negotiations with potential partners continue with regard to Molyhil project level offtake and investment.”

 

 

 

 

 

 

 

 

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Wed, 06 Feb 2019 16:33:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/214114/thor-mining-has-a-broad-portfolio-of-assets-in-tungsten-molybdenum-copper-and-other-metals-214114.html
<![CDATA[Media files - Thor Mining's Mick Billing updates on Bonya results from Cape Town conference ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/12118/thor-mining-s-mick-billing-updates-on-bonya-results-from-cape-town-conference-12118.html Wed, 06 Feb 2019 09:47:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/12118/thor-mining-s-mick-billing-updates-on-bonya-results-from-cape-town-conference-12118.html <![CDATA[News - Thor Mining to push ahead with Bonya drillng after encouraging tungsten samples ]]> https://www.proactiveinvestors.co.uk/companies/news/213880/thor-mining-to-push-ahead-with-bonya-drillng-after-encouraging-tungsten-samples-213880.html Thor Mining PLC (LON:THR) has found extensive tungsten mineralisation in samples from the Samarkand deposit, one of thirteen deposits at Bonya in Northern Territory.

Bonya is a 40/60% joint venture with Arafura Resources Limited ASX:ARU and sits adjacent to Thor’s Molyhil tungsten project.

Outcrops at surface extended more than 500 metres and were open ended.

Thor hopes to get a licence to start drilling as early as this month.

Mick Billing, executive chairman, said: "Samarkand is just one of what we believe will be series of satellite tungsten and copper deposits within economic trucking distance of Molyhil, thus making the case for Molyhil development even more compelling."

"These initial results demonstrate proof of surface outcropping tungsten mineralisation extending in excess of 500 metres strike length at the Samarkand deposit."

"Current indications are that Bonya tungsten mineralisation is coarse grained and may be amenable to low cost pre-concentration by x-ray ore sorting and treatment at the Molyhil processing plant."

 

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Mon, 04 Feb 2019 08:18:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/213880/thor-mining-to-push-ahead-with-bonya-drillng-after-encouraging-tungsten-samples-213880.html
<![CDATA[RNS press release - Bonya Rock Chip Assays ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20190204070005_13956302/ Mon, 04 Feb 2019 07:00:05 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20190204070005_13956302/ <![CDATA[RNS press release - Appointment of Joint Broker ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20190201120441_13955635/ Fri, 01 Feb 2019 12:04:41 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20190201120441_13955635/ <![CDATA[Media files - Thor Mining PLC focused on getting Molyhil financed and into development ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/12045/thor-mining-plc-focused-on-getting-molyhil-financed-and-into-development-12045.html Thu, 31 Jan 2019 11:50:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/12045/thor-mining-plc-focused-on-getting-molyhil-financed-and-into-development-12045.html <![CDATA[RNS press release - APPENDIX 5B OCTOBER TO DECEMBER 2018 ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20190131070011_13952741/ Thu, 31 Jan 2019 07:00:11 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20190131070011_13952741/ <![CDATA[News - Thor Mining boss lauds “positive quarter”, highlighting progress on all core projects, strengthened cash position ]]> https://www.proactiveinvestors.co.uk/companies/news/213619/thor-mining-boss-lauds-positive-quarter-highlighting-progress-on-all-core-projects-strengthened-cash-position-213619.html Thor Mining PLC’s (LON:THR) (ASX:THR) executive chairman, Mick Billing has lauded a “positive quarter” for the Australian and United States-focused firm, highlighting “progress on all core projects, and a strengthened cash position."

In a quarterly update for the period from October to December 2018, the dual AIM and ASX-listed group said its cash position remains sound, with forecast activities fully financed until late 2019, having raised £581,000 (approximately A$1,035,000) from the exercise of warrants during the quarter.

WATCH: Thor Mining PLC focused on getting Molyhil financed and into development

Billing noted: “The appointment of corporate advisors to support and guide our efforts towards off-take & financing for Molyhil is a strategy we believe will improve our prospects of securing the best arrangement possible for our shareholders."

He said: "A number of potential scenarios are possible with various interested parties, and we hope to be in a position to advise progress shortly."

Additionally, Thor’s chairman said the potential of nearby Bonya tenements, hosting tungsten, copper, and vanadium, provides “potential upside for Molyhil, and also for other stand-alone development opportunities."

Away from Molyhil, Billing pointed out that the improvement in the resource estimate Pilot Mountain tungsten project in Nevada “is an additional welcome boost as we advance our technical studies."

And Thor’s boss added: "Proof of Concept for ISR recovery for the Kapunda copper project is a significant critical step in this very exciting project."

Billing concluded: "We will continue to provide investors with regular updates in respect of activities and progress."

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Wed, 30 Jan 2019 12:44:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/213619/thor-mining-boss-lauds-positive-quarter-highlighting-progress-on-all-core-projects-strengthened-cash-position-213619.html
<![CDATA[RNS press release - QUARTERLY REPORT OCTOBER TO DECEMBER 2018 ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20190130111045_13952035/ Wed, 30 Jan 2019 11:10:45 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20190130111045_13952035/ <![CDATA[RNS press release - Investor Presentation ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20190108082044_13927186/ Tue, 08 Jan 2019 08:20:44 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20190108082044_13927186/ <![CDATA[RNS press release - Kapunda Copper Project Proof of Concept ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181218070008_13907069/ Tue, 18 Dec 2018 07:00:08 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181218070008_13907069/ <![CDATA[News - Thor Mining increases mineral resource estimate for Desert Scheelite deposit at Pilot Mountain ]]> https://www.proactiveinvestors.co.uk/companies/news/211131/thor-mining-increases-mineral-resource-estimate-for-desert-scheelite-deposit-at-pilot-mountain-211131.html Thor Mining PLC (LON:THR) (ASX:THR) has announced an upgraded and increased mineral resource estimate containing tungsten, copper and - for the first time - zinc, for the Desert Scheelite deposit at Pilot Mountain in Nevada USA.

The AIM-listed firm said the Desert Scheelite mineral resource estimate now comprises 10.7mln tonnes at 0.26% of WO₃ (tungsten trioxide), 19.38 gram/tonne of Silver (Ag), 0.15% copper (Cu), and 0.38% zinc (Zn).

WATCH: Thor Mining's Mick Billing discusses high-grade Bonya maiden resource

It said the upgraded mineral resource estimate represents a 6.5% increase in the scheelite inventory for Desert Scheelite, now containing 27,700 tonnes of WO₃,

The group added that the estimate includes zinc in the resource inventory for the first time, contributing an additional potential by-product stream to the project.

It said the planned flotation recovery process, currently being trialled, is likely to recover zinc sulphides into concentrate with minimal additional cost.

Thor said the resource inventory still has considerable growth potential via the Gun Metal and Good Hope deposits, as well as further potential upside at both Desert Scheelite and Garnet.

"Further enhances the potential of this exciting project"

Mick Billing, Thor Mining’s executive chairman, commented: "This addition to the resource estimate at Pilot Mountain further enhances the potential of this exciting project."

He added: "Pilot Mountain hosts a large and, in the directors' view, valuable tungsten resource in the USA, where there has been no primary production of tungsten for some years, despite being classified as a critical mineral by the US Department of the Interior."

"I look forward to outlining the next steps for this key Company project in the coming weeks. This update will complement comprehensive updates across all areas of our operations in what is a highly proactive period for Thor."

The chairman concluded: "In this regard I also expect to provide updates to the market in respect of Molyhil commercialisation, the Bonya project review exercise (including vanadium) and the latest developments in respect of the Company's Kapunda copper project interest."  

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Thu, 13 Dec 2018 08:41:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/211131/thor-mining-increases-mineral-resource-estimate-for-desert-scheelite-deposit-at-pilot-mountain-211131.html
<![CDATA[RNS press release - Pilot Mountain Increased Mineral Resource Estimate ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181213082001_13902358/ Thu, 13 Dec 2018 08:20:01 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181213082001_13902358/ <![CDATA[RNS press release - Appendix 3B ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181210094716_13897359/ Mon, 10 Dec 2018 09:47:16 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181210094716_13897359/ <![CDATA[RNS press release - Exercise of Warrants ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181205070501_13891710/ Wed, 05 Dec 2018 07:05:01 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181205070501_13891710/ <![CDATA[RNS press release - Appendix 3B ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181205070003_13891657/ Wed, 05 Dec 2018 07:00:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181205070003_13891657/ <![CDATA[Media files - Thor Mining PLC - Proactive Investors Mining Capital Conference ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/11422/thor-mining-plc-proactive-investors-mining-capital-conference-11422.html Tue, 04 Dec 2018 08:01:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/11422/thor-mining-plc-proactive-investors-mining-capital-conference-11422.html <![CDATA[RNS press release - Annual General Meeting Presentation ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181130070005_13886156/ Fri, 30 Nov 2018 07:00:05 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181130070005_13886156/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181130070004_13886145/ Fri, 30 Nov 2018 07:00:04 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181130070004_13886145/ <![CDATA[RNS press release - Exercise of Warrants ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181128153001_13884059/ Wed, 28 Nov 2018 15:30:01 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181128153001_13884059/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181128101716_13883537/ Wed, 28 Nov 2018 10:17:16 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181128101716_13883537/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181126164049_13880787/ Mon, 26 Nov 2018 16:40:49 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181126164049_13880787/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181126163531_13880794/ Mon, 26 Nov 2018 16:35:31 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181126163531_13880794/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181126140520_13880579/ Mon, 26 Nov 2018 14:05:20 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181126140520_13880579/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181126140027_13880573/ Mon, 26 Nov 2018 14:00:27 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181126140027_13880573/ <![CDATA[Media files - Thor Mining's Mick Billing discusses high-grade Bonya maiden resource ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/11314/thor-mining-s-mick-billing-discusses-high-grade-bonya-maiden-resource-11314.html Mon, 26 Nov 2018 12:33:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/11314/thor-mining-s-mick-billing-discusses-high-grade-bonya-maiden-resource-11314.html <![CDATA[News - Thor Mining delivers new satellite copper resource for Molyhil at Bonya ]]> https://www.proactiveinvestors.co.uk/companies/news/209903/thor-mining-delivers-new-satellite-copper-resource-for-molyhil-at-bonya-209903.html Thor Mining PLC (LON:THR)(ASX:THR) has established an initial mineral resource estimate for the Bonya Copper Mine deposit within the Bonya tenement, held jointly with Arafura Resources Limited (AXS:ARU).

Bonya is adjacent to the Molyhil mine project in the Northern Territory of Australia, with which Thor has had a long involvement.

WATCH: Thor Mining focused on financing Molyhil and exploration at nearby Bonya tenements

The Bonya copper resource is satellite to, and amenable for treatment in, the proposed Molyhil process plant.

 The inferred resource estimate amounts to 230,000 tonnes, grading 2% copper, containing 4,600 tonnes of copper, with trace levels of tungsten and molybdenum.

The deposit outcrops at surface, and remains open at depth, and has the potential to add six months profitable mine life to Molyhil.

"This small but high-grade copper resource will provide valuable supplementary mill feed to the company's nearby Molyhil process plant," said Thor’s chairman Mick Billing.

“Our primary incentive to acquire an interest in the Bonya exploration licence was, and still remains, the tungsten deposits in the licence area, therefore this "free" copper resource could be considered a bonus."

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Mon, 26 Nov 2018 08:27:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/209903/thor-mining-delivers-new-satellite-copper-resource-for-molyhil-at-bonya-209903.html
<![CDATA[RNS press release - Bonya Copper Maiden Resource Estimate ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181126070007_13879413/ Mon, 26 Nov 2018 07:00:07 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181126070007_13879413/ <![CDATA[RNS press release - Appendix 3B ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181123093503_13878484/ Fri, 23 Nov 2018 09:35:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181123093503_13878484/ <![CDATA[RNS press release - Issue of Equity ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181121095950_13875418/ Wed, 21 Nov 2018 09:59:50 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181121095950_13875418/ <![CDATA[RNS press release - Appointment of Corporate Advisor - Molyhil ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181120070024_13872779/ Tue, 20 Nov 2018 07:00:24 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181120070024_13872779/ <![CDATA[RNS press release - Appendix 3B ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181109070002_13860970/ Fri, 09 Nov 2018 07:00:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181109070002_13860970/ <![CDATA[RNS press release - Exercise of Warrants ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181105090956_13854797/ Mon, 05 Nov 2018 09:09:56 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181105090956_13854797/ <![CDATA[RNS press release - Appendix 3B ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181102070003_13852407/ Fri, 02 Nov 2018 07:00:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181102070003_13852407/ <![CDATA[Media files - Thor Mining focused on financing Molyhil and exploration at nearby Bonya tenements ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/11080/thor-mining-focused-on-financing-molyhil-and-exploration-at-nearby-bonya-tenements-11080.html Thu, 01 Nov 2018 11:17:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/11080/thor-mining-focused-on-financing-molyhil-and-exploration-at-nearby-bonya-tenements-11080.html <![CDATA[News - Thor Mining switches attention to financing Molyhil project ]]> https://www.proactiveinvestors.co.uk/companies/news/208212/thor-mining-switches-attention-to-financing-molyhil-project-208212.html Thor Mining PLC (LON:THR) has switched its efforts to financing its Molyhil tungsten project following the recent definitive feasibility study (DFS) upgrade.

"We have intensified our efforts towards off-take & financing activities and we hope, during the coming months to announce progress towards these objectives,” said executive chairman Mick Billing in the junior’s latest quarterly statement.

READ: Thor Mining is significantly undervalued, Northland says

"Additionally, securing equity in the nearby Bonya tenements, provides potential to increase both the life and the scale of Molyhil, while also providing exposure to very exciting copper and vanadium opportunities."

The DFS upgrade indicated a net present value for the project of A$101mln and an internal rate of return of 59%.

WATCH: Thor boss on Molyhill financing

At Pilot Mountain, in Nevada, metallurgical work is being undertaken as part of a pre-feasibility study.

“The cash position remains sound with forecast activities fully financed well into 2019,” said the statement.

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Wed, 31 Oct 2018 08:31:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/208212/thor-mining-switches-attention-to-financing-molyhil-project-208212.html
<![CDATA[RNS press release - APPENDIX 5B JULY TO SEPTEMBER 2018 ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181031070005_13848521/ Wed, 31 Oct 2018 07:00:05 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181031070005_13848521/ <![CDATA[RNS press release - Warrant Exercise - Director Dealing ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181030070011_13846770/ Tue, 30 Oct 2018 07:00:11 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181030070011_13846770/ <![CDATA[News - Thor Mining is significantly undervalued, Northland says ]]> https://www.proactiveinvestors.co.uk/companies/news/208024/thor-mining-is-significantly-undervalued-northland-says-208024.html Northland Capital Partners has resumed coverage of Thor Mining PLC (LON:THR) with a ‘buy’ rating.

Northland, one of Thor’s joint brokers, has set a punchy target price of 4.2p; Thor’s shares currently trade at 1.675p, up 8.1% on the day.

READ: Thor Mining's new DFS for Molyhil projects earnings of A$239mln over seven-year life of mine

Northland noted that the definitive feasibility study at Thor’s Molyhill tungsten and molybdenum project in the Northern Territory of Australia demonstrated a post-tax net present value of A$101mln (about £56mln) and an internal rate of return of 59% with a post-tax payback period of fewer than 18 months, assuming an average ammonium paratungstate (APT) price of US$460 per metric ton unit (MTU).

The current market capitalisation of Thor is £10.4mln.

READ: Thor Mining pleased with latest cores from Pilot Mountain tungsten project in Nevada

The mining project developer has also completed a scoping study of Pilot Mountain, which Northland believes returned a post-tax net present value of US$34mln (about £26.5mln) and an internal rate of return of 26% with a post-tax payback period of 24 months, assuming an average APT price of US$410/mtu.

“Assuming Thor secures the required funding in the expected time-frame [for Molyhill], we forecast the company to produce 200,000mtu of tungsten in 2020 from Molyhil, rising to 250,000mtu in 2023 once Pilot Mountain comes on stream,” Northland said.

The broker forecasts Thor will earn revenue of around US$70mln in 2020 and in 2021.

It is bullish on the APT price and forecasts it will continue to rise from its current level of around US$325/mtu to between US$445/mtu and US$530/mtu by 2023.

#RNS #THR @ThorMining is pleased to provide an update confirming the release of a Research Note, initiating coverage on the company by Northland Capital Partners that may be viewed through the following link: #Tungsten #Molybdenum #Copper #Vanadiumhttps://t.co/oreOzusfps pic.twitter.com/bCilyw4gW2

— Thor Mining PLC (@ThorMining) October 29, 2018 ]]>
Mon, 29 Oct 2018 10:58:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/208024/thor-mining-is-significantly-undervalued-northland-says-208024.html
<![CDATA[RNS press release - Research Report ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181029074001_13845529/ Mon, 29 Oct 2018 07:40:01 +0000 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181029074001_13845529/ <![CDATA[RNS press release - Notice of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181026103004_13844070/ Fri, 26 Oct 2018 10:30:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181026103004_13844070/ <![CDATA[Media files - LME Week discussions bode well for Thor Mining Plc ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/10818/lme-week-discussions-bode-well-for-thor-mining-plc-10818.html Thu, 11 Oct 2018 13:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/10818/lme-week-discussions-bode-well-for-thor-mining-plc-10818.html <![CDATA[RNS press release - Appendix 3B ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181005094331_13818167/ Fri, 05 Oct 2018 09:43:31 +0100 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181005094331_13818167/ <![CDATA[News - Thor Mining raises funds for acquisition of Bonya licences ]]> https://www.proactiveinvestors.co.uk/companies/news/206380/thor-mining-raises-funds-for-acquisition-of-bonya-licences-206380.html Thor Mining PLC (LON:THR) said it will issue more than 14.5mln shares to raise funds for its A$550,000 acquisition of tenements acquired from Rox Resources Limited.

Last month the miner received ministerial approval for its acquisition of interests in the tungsten, copper, and vanadium hosted Bonya tenements next to its Molyhil project in the Northern Territory of Australia.

READ: Thor Mining receives approval for acquisition of Bonya licences

It is buying a 40% interest in the EL29701 exploration license at the site, which hosts 13 outcropping tungsten deposits, from Rox Resources in addition to a 100% interest in EL29599 which is considered prospective for copper mineralisation.

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Thu, 04 Oct 2018 11:12:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/206380/thor-mining-raises-funds-for-acquisition-of-bonya-licences-206380.html
<![CDATA[RNS press release - Issue of Shares for Bonya Acquisition ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181004101426_13816505/ Thu, 04 Oct 2018 10:14:26 +0100 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20181004101426_13816505/ <![CDATA[News - Thor Mining receives approval for acquisition of Bonya licences ]]> https://www.proactiveinvestors.co.uk/companies/news/205531/thor-mining-receives-approval-for-acquisition-of-bonya-licences-205531.html Thor Mining PLC (LON:THR) has received ministerial approval for its acquisition of interests in the tungsten, copper, and vanadium hosted Bonya tenements next to its Molyhil project in the Northern Territory of Australia.

The miner said it would be acquiring a 40% interest in the EL29701 exploration licence at the site, which hosts 13 outcropping tungsten deposits, from Rox Resources Limited (ASX:RXL), in addition to a 100% interest in EL29599 which is considered prospective for copper mineralisation.

READ: Thor Mining heartened by the improvement in tungsten prices

EL29701 also hosts the Bonya copper deposit, with “exciting” previous drilling results, and the Jervois vanadium/titanium deposit with high-grade vanadium drilling results, Thor said.

The entire project area will have a combined exploration target of between 3mln and 4.9mln tonnes at a grade of 0.3%-0.5% tungsten trioxide (WO3).

The price tag rings in at A$550,000 in Thor shares, with company executive chairman Mick Billing saying the purchase should “add significantly” to the projected economic returns of the Molyhil project.

He added that the company planned to drill at some of the deposits “as soon as clearance is achieved” with it being “more than likely” that the production life and throughput volume at Molyhil would increase substantially as a result.

In late-morning trading Monday, Thor shares were up 3.2% at 1.6p.

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Mon, 24 Sep 2018 11:39:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/205531/thor-mining-receives-approval-for-acquisition-of-bonya-licences-205531.html
<![CDATA[RNS press release - Bonya Licence Transfer Approved ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20180924110246_13801811/ Mon, 24 Sep 2018 11:02:46 +0100 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20180924110246_13801811/ <![CDATA[News - Thor Mining heartened by the improvement in tungsten prices ]]> https://www.proactiveinvestors.co.uk/companies/news/205447/thor-mining-heartened-by-the-improvement-in-tungsten-prices-205447.html Thor Mining PLC (LON:THR) said in its full-year results, it is in a significantly enhanced position compared with the same time a year ago.

The improvement in tungsten prices, and the upgraded definitive feasibility study for the Molyhil tungsten project in Australia’s Northern Territory, support the board’s confidence that it can secure finance for the project.

Meanwhile, the group’s other two core projects – Pilot Mountain and Kapunda – have advanced considerably.

READ: Thor Mining looks well set to start “turning resources into money”

During the year to the end of June, the company looked at a number of potential new opportunities but none quite made the cut.

The Directors of Thor Mining PLC (AIM, ASX: THR) are pleased to announce the Company's annual results for the year ended 30 June 2018. #THR

A copy of the annual report will shortly be available on the Company's website: https://t.co/mH9ZeyGRX2https://t.co/BCyAcluyw0 pic.twitter.com/VAZ4PlPSPR

— Thor Mining PLC (@ThorMining) September 21, 2018

The pre-revenue development company saw the loss before tax remain steady at £1.25mln compared to the year earlier.

Cash and cash equivalents at the end of June stood at £1.37mln, up from £405,000 a year earlier.

#THR @ThorMining is setting up nicely - ridiculous undervaluation and I am expecting a stunning return. One of best opps I have seen imo.

— paul johnson (@pauljohnson9691) September 21, 2018

The directors look to the coming year with confidence.

Shares in Thor slipped to 1.55p from 1.57p overnight.

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Fri, 21 Sep 2018 13:56:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/205447/thor-mining-heartened-by-the-improvement-in-tungsten-prices-205447.html
<![CDATA[RNS press release - Final Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20180921120004_13800314/ Fri, 21 Sep 2018 12:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20180921120004_13800314/ <![CDATA[RNS press release - US Lithium - Update on Sale Process ]]> https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20180911083926_13786169/ Tue, 11 Sep 2018 08:39:26 +0100 https://www.proactiveinvestors.co.uk/companies/rns/1008/LSE20180911083926_13786169/