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Thor Mining confirms plans to raise funds

The junior has been drilling at a number of prospects, with a second campaign at the Bonya tungsten deposits in the Northern Territory of Australia getting underway this month.

Thor Mining PLC -
Molyhil contains a lot tungsten

Thor Mining PLC (LON:THR) has confirmed plans for an equity fundraise and will announce the details in due course.

The junior has been drilling at a number of prospects, with a second campaign at the Bonya tungsten deposits in the Northern Territory of Australia getting underway this month.

Bonya is located around 280km north-east of Alice Springs near Thor's flagship project, the Molyhil tungsten and molybdenum project.

Molyhil was recently estimated to contain 13,300 tonnes of tungsten trioxide, 6,800 tonnes of molybdenum and 2,200 tonnes of copper.

Quick facts: Thor Mining PLC

Price: 0.2304 GBX

AIM:THR
Market: AIM
Market Cap: £2.15 m
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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...

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