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AIM:THR

Thor Mining PLC

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Market:
AIM
Market Cap:
£13.64 m
Price
0.90 GBX
Change
0.00%
52 weeks high
1.40
52 weeks low
0.13

Thor Mining PLC is an exploration and development company with an exciting copper development project with resource estimates, and a gold project which has produced exciting early results.  Thor also holds an advanced tungsten/molybdenum project ready for development.

Thor’s Directors are experienced in the mining and finance sectors. They are practised in: evaluating mining assets; raising funds on international capital markets; evaluating acquisition and investment prospects and the day to day management of public companies and mining operations.

Thor has projects in Australia in the Northern Territory, Western Australia, and South Australia. Thor also owns the Pilot Mountain tungsten project in Nevada USA, and uranium and vanadium exploration claims in Colorado and Utah.

An updated feasibility study on Thor’s Molyhil tungsten project was completed in August 2018. Subject to securing the necessary project finance, the Molyhil project is scheduled to commence production during 2021.

Thor Mining Projects

Information about our projects including the Molyhil Tungsten Molybdenum Project, our Copper, Gold, and Uranium & Vanadium assets and more.

Copper

Thor Mining holds a 25% equity interest in private Australian company EnviroCopper Limited, along with rights to increase that interest to 30%.

The Molyhil Tungsten - Molybdenum Project

Molyhil is located 220 kilometres north-east of Alice Springs (320km by road).

US Uranium and Vanadium

Thor Mining has entered into an exclusivity agreement with rights to acquire private companies which hold uranium and vanadium interests in Utah and Colorado in the United States of America.

Ragged Range Pilbara Project

The project area lies on the eastern boundary of the Greatland Gold Panorama project and comprises of Eastern Pilbara greenstone highly prospective for both gold and nickel.

The Pilot Mountain Tungsten Project

The Pilot Mountain tungsten project is situated 200km southeast of Reno in Nevada USA.

The Spring Hill Project

In November 2020, Thor completed the sale of a royalty on future gold production. Future payments are due on production milestones.

United Kingdom, United States and Australia.

Michael Robert Billing – CPA, B Bus, MAICD - Executive Chairman and CEO.

Mick Billing has over 40 years of mining and agri-business experience and a background in finance, specialising in recent years in assisting in the establishment and management of junior companies. His career includes experience in company secretarial, senior commercial, and CFO roles including lengthy periods with Bougainville Copper Ltd and WMC Resources Ltd. He has worked extensively with junior resource companies over the past 15 years. He was appointed to the Board in April 2008.

Mark Potter – Non-executive Director

Formerly Director and Chief Investment Officer of Anglo Pacific Group, founding member & Investment Principal of Audley Capital Advisors LLP, and Salomon Smith Barney. Currently a director of Metal Tiger PLC and Non-Executive Chairman of Artemis Resources Limited.

Mark McGeough - Non-executive Director

Mark is an experienced geologist who has spent nearly 40 years in Australia exploring for gold, IOCG copper-gold, silver-lead-zinc and uranium. He was involved in the discovery of the White Dam gold deposit in South Australia and the Theseus uranium deposit in WA.

His career includes a variety of small, mid-size and large mining companies including Chinova Resources, Toro Energy, Xstrata Copper, Mount Isa Mines and AGIP Australia. For Chinova Resources Mark combined the role of General Manager Exploration with technical director roles for subsidiary companies. From 2005 to 2008 Mark was also the Manager of the SA Geological Survey, promoting the PACE program. Mark is a Fellow of the AusIMM.

Ray Ridge - Chief Financial Officer and Joint Company Secretary

Mr Ridge is a chartered accountant with over 20 years accounting and commercial management experience.
Previous roles include Senior Audit Manager with Arthur Andersen, Financial Controller and then Divisional CFO with Elders Ltd, and more recently, General Manager Commercial & Operations at engineering and construction company Parsons Brinckerhoff.

Stephen F Ronaldson - Joint Company Secretary

Mr Stephen F Ronaldson is the joint company secretary as well as a partner of the Company's UK legal advisers, Druces LLP.

Mr Ronaldson has an MA from Oriel College, Oxford and qualified as a solicitor in 1981. During his career Mr Ronaldson has concentrated on company and commercial fields of practice undertaking all issues relevant to those types of businesses including capital raisings, Financial Services and Markets Act work and placings and admissions to AIM and Ofex.

Mr Ronaldson is currently company secretary for a number of companies including eight AIM-listed PLCs.

Registered Office

Salisbury House
London Wall
London EC2M 5PS
United Kingdom

Australian Office

58 Galway Ave
Marleston, South Australia 5033

Telephone: +61 (0) 8 7324 1935
Fax:+61 (0) 8 8351 5169

Sponsoring Broker

SI Capital

46 Bridge Street
Goldaming
Surrey GU7 1HL
United Kingdom

Grant Thornton UK LLP

30 Finsbury Square
London EC2P 2YU
United Kingdom
Telephone: +44 (0) 20 7383 5100
Fax: +44 (0) 20 7184 4308

Updated 6 January 2021.

Registered Office

Salisbury House
London Wall
London EC2M 5PS
United Kingdom

Australian Office

58 Galway Ave
Marleston, South Australia 5033
Telephone: +61 (0) 8 7324 1935
Fax:+61 (0) 8 8351 5169 | Email Us

Nominated Adviser to the Company

Grant Thornton UK LLP
30 Finsbury Square
London EC2P 2YU
United Kingdom
Telephone: +44 (0) 20 7383 5100
Fax: +44 (0) 20 7184 4308

Auditors and Reporting Accountants

Chapman Davis LLP
2 Chapel Court
London SE1 1HH

Solicitors to the Company

Druces LLP
Salisbury House
London Wall
London EC2M 5PS
United Kingdom

Sponsoring Broker

SI Capital
46 Bridge Street
Goldaming
Surrey GU7 1HL
United Kingdom

Address of Share Registrars

United Kingdom

Computershare Investor Services Plc
PO Box 82
The Pavilions, Bridgewater Road
Bristol BS99 6ZY
Telephone: +44 (0) 370 703 1343
Fax: +44 (0) 370 703 6114

Australia

Computershare Investor Services Pty Ltd
GPO Box 1903
Adelaide SA 5000
Level 5, 115 Grenfell Street, Adelaide
South Australia 5000
Telephone: +61 (0) 3 9415 4000
Fax: +61 (0) 3 9473 2500