The Board of Thor Mining Plc ("Thor" or the "Company") (AIM, ASX: THR), is pleased to announce that pursuant to the proposed merger between SP Angel Corporate Finance LLP ("SP Angel") and Northland Capital Partners Ltd, it has appointed SP Angel as its Joint Broker with immediate effect.
Thorholds100%ofthe advancedMolyhil tungsten project in the NorthernTerritory of Australia, forwhich anupdated feasibility study inAugust 2018¹suggestedattractive returns.
Adjacent Molyhil, at Bonya, Thor holds a 40% interest in deposits of tungsten, copper, and vanadium, including an Inferred resource for the Bonya copper deposit².
Thoralsoholds100%ofthePilotMountaintungstenprojectinNevadaUSAwhichhasaJORC2012 Indicated andInferredResources Estimate³on2ofthe4 knowndeposits. The US Department of the Interior has confirmed that tungsten, the primary resource mineral at Pilot Mountain, has been included in the final list of Critical Minerals 2018.
Thorisalsoacquiringuptoa60%interestAustraliancopper developmentcompanyEnvironmentalCopper RecoverySAPty Ltd,whichinturnholdsrightstoearnuptoa75%interestinthemineralrights andclaims overthe resource⁴ on the portionof the historic KapundacoppermineinSouthAustralia recoverableby way ofin situ recovery.
ThorhasaninterestinHawkstone MiningLimited,anAustralianASX listed company witha100%Interest ina Lithiumprojectin Arizona, USA.
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Thor Mining's (LON:THR) Mick Billing tells Proactive London's Andrew Scott they're continuing to advance exploration activities at Bonya to add value to the Molyhil project.
He says drill results have so far been encouraging with higher than expected grades at White Violet.