The AIM-quoted company holds 7.42mln Hawkstone shares, equating to 1.3% of the company.
Hawkstone released results from the first 19 of 37 recently drilled holes, and, the highlights included what was described as “thick, high-grade lithium mineralisation”.
Paul Lloyd, Hawkstone managing director, said that the company is building momentum towards estimating a maiden JORC-complaint resource.
Meanwhile, Thor’s executive chairman, Mick Billing said: "We welcome this positive news from field work at Big Sandy noting that the drilling program is continuing with more news scheduled in the coming weeks,”
"We look forward to the balance of the drilling results as the program continues to improve the value of our investment in Hawkstone."