logo-loader
viewThor Mining PLC

Thor Mining has plenty of cash to last it through the next two quarters

Thor offers exposure to tungsten, copper and vanadium

Thor Mining PLC -
Thor has been an active explorer in Australia for several years

Thor Mining PLC (LON:THR)(ASX:THR) has responded to a query from the Australian Securities Exchange in regards to its cash position.

Thor stated that it had A$944,000 as at the end of June 2019 and that it expects to receive a further A$200,000 within the next couple of months from an Australian R&D tax incentive scheme.

The company has earmarked A$657,000 for near-term exploration work, but explained that at least A$150,000 of that spend is discretionary.

The company also emphasised that it has plenty of options open to it when it comes to raising new money.

Work continues on Thor’s portfolio of Australian and US base metals assets, particularly Bonya, Molyhil, Kapunda and Pilot.

The company also has a vanadium project at Jervois in the Northern Territories of Australia

Quick facts: Thor Mining PLC

Price: 0.165 GBX

AIM:THR
Market: AIM
Market Cap: £1.78 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...

2 weeks, 6 days ago

2 min read