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Thor Mining to maintain aggressive approach to project development

Thor has interests spanning a number of metals and prospects

Thor has tungsten assets in Australia and the US

Thor Mining Limited (LON:THR) expects to continue its aggressive approach at all of its core projects, executive chairman Mick Billing said in its December quarterly report.

Thor has interests spanning a number of metals and prospects.

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

Molyhil, in Australia, is seeing interest following the resurgence in tungsten price. Capital and operating expense numbers are being reviewed to prepare an upgraded Definitive Feasibility Study (DFS).

At Pilot Mountain in Nevada, also tungsten, evaluation of an internal scoping study is ongoing.

In copper, a mineral resource estimate is being prepared at Kapunda for that part of the licence considered mineable.

Elsewhere, due diligence is underway on lithium and gold opportunities in the Pilbara region.

Thor also holds a 21% stake in US Lithium, which is set to list in Australia shortly while Metal Tiger PLC (LON:MTR) recently invested £300,000 into Thor and the two companies will collaborate together on new opportunities.

Quick facts: Thor Mining PLC

Price: 0.41 GBX

Market: AIM
Market Cap: £4.41 m

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on 27/11/19

2 min read