logo-loader
viewThor Mining PLC

Thor Mining PLC: Analyst Ryan Long talks potential of its ISR copper projects

Among Thor Mining's (LON:THR) suite of assets it currently holds a 25% interest, with the right to increase to 30%, in EnviroCopper Limited, a private Australian company that is earning into a 75%-interest of the Kapunda and Moonta copper projects, located in South Australia.

EnviroCopper is currently assessing the potential to extract copper from both using in-situ recovery (ISR), which is a low-cost and low environmental impact method of mining.

Using peer group-based multiples Long puts the value of both projects in the range of £9.8mln to £10.5mln on an unrisked basis.

Taking into account the exploration target for Moonta, he says that increases to £23.4mln to £37.9mln on an unrisked basis.

Click here to read Ryan's note on Thor Mining - ISR Copper Projects

Quick facts: Thor Mining PLC

Price: 0.288 GBX

AIM:THR
Market: AIM
Market Cap: £3.1 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

Full interview: Thor Mining completes sale of stake in Hawkstone Mining Ltd

Thor Mining PLC's (LON:THR) Mick Billing speaks to Proactive London following the news they've completed the sale of its stake in Hawkstone Mining Ltd (ASX:HWK) for A$103,000. Thor owned 15mln shares in the lithium-focused miner, representing 1.87% of its entire issued capital.

2 weeks, 1 day ago

2 min read