The ASX has granted a trading halt to Thor Mining (ASX: THR) pending the release of details surrounding a planned share placement, with the company’s shares placed in pre-open.
It is not yet know which project the potential new inflow of funds will be allocated to, but the company is progressing towards development of an advanced tungsten and molybdenum project in the Northern Territory.
Thor also has the Dundas Gold project, which is situated in Western Australia within the Albany-Fraser Province, which hosts a number of recent gold discoveries including the plus 5 million ounce Tropicana gold deposit.