viewThor Mining PLC

Thor Mining welcomes maiden mineral resource estimate from Hawkstone’s Big Sandy lithium project

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

Thor Mining PLC -
Lithium is in high demand for use in the next generation of batteries

Thor Mining PLC (LON:THR)(ASX:THR) has noted the publication of a maiden resource for the Big Sandy lithium deposit in Arizona.

Hawkstone Mining Ltd (ASX:HWK) owns 100% owner of the Big Sandy project, but Thor 1.075% stake in Hawkstone, a holding which may rise if Hawkstone can meet certain milestones.

As it stands the has a has announced an indicated and inferred resource 32.5mln tonnes grading 1,850 parts per million (ppm) lithium, or 320,800 tonnes lithium carbonate equivalent.

"We welcome the maiden mineral resource estimate for the Big Sandy project," said Thor executive chairman Mick Billing.

 "Hawkstone have regularly, over the past year or so, improved the outlook for Big Sandy and, in so doing, the value of our Hawkstone investment."

"We look forward to confirmation from Hawkstone that the maiden resource estimate satisfies the requirement for the issue of the additional shares representing 50% of the sale consideration."


Quick facts: Thor Mining PLC

Price: 0.24 GBX

Market: AIM
Market Cap: £2.24 m

Add related topics to MyProactive

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


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...



Full interview: Thor Mining 'powering ahead at Kapunda' as it talks to...

Thor Mining PLC's (LON:THR) (ASX:THR) Mick Billing tells Proactive London's Andrew Scott they've recently begun talks with potential investors about a second of its projects - Pilot Mountain. He adds that they're also expecting an initial resource estimate from the Bonya prospect in Australia...

2 weeks, 5 days ago

2 min read