logo-loader
viewThor Mining PLC

Thor Mining’s Mick Billing comments on progress in quarterly update

Thor has a diverse portfolio of assets in Australia and the US

1564470577_Molyhil-drill-core.jpg
Drill core from Molyhil

Thor Mining PLC (LON:THR) is continuing to engage in talks regarding funding for its Molhil tungsten project in Australia.

"Our confidence in securing off-take and finance for Molyhil remains firm, with positive interest from a number of players, whose interests vary from offtake, to joint venture arrangements, to debt instruments,” said Thor’s chairman Mick Billing, on the occasion of the company’s quarterly operational update. 

WATCH: Thor Mining to test previous Pilot Mountain drill samples for gold

“The directors acknowledge that this has taken much longer than anticipated, however we are confident of a positive outcome. In the meantime we continue to work on initiatives which we believe will enhance the project, including extending project life beyond the initial seven year open cut program, as well as other programs anticipated to enhance commercial outcomes."

Billing also spoke of other projects that the company is advancing.

"The developments in our ISR copper investments, substantially funded by the Australian government research and development grant, continue to show great promise and we look to the scheduled drill program during the September quarter."

"We also look forward to assay results from historical Pilot Mountain drill samples which are being tested for gold content."

 

Quick facts: Thor Mining PLC

Price: 0.1908 GBX

AIM:THR
Market: AIM
Market Cap: £2.05 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Thor Mining PLC named herein, including the promotion by the Company of Thor Mining PLC in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Thor Mining PLC nearing a deal for its Spring Hill gold royalty

Thor Mining PLC's (LON:THR) Mick Billing caught up with Proactive London's Andrew Scott following the release of its half year report to December 2019. Billing recaps on main developments across its core portfolio of projects and says they're nearing a deal to sell their royalty on the Spring...

3 weeks, 2 days ago

2 min read