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Thor Mining completes sale of Hawkstone Mining stake for A$103,000

Thor owned 15mln shares in the lithium-focused miner, representing 1.87% of its entire issued capital

Thor Mining PLC - Thor Mining completes sale of Hawkstone Mining stake for A$103,000

Thor Mining PLC (LON:THR)(ASX:THR) has completed the sale of its stake in Hawkstone Mining Ltd (ASX:HWK) for A$103,000.

The AIM-listed company owned 15mln shares in the lithium-focused miner, representing 1.87% of its entire issued capital.

WATCH: Thor Mining's Mick Billing details maiden resource estimates for Bonya deposits

The sale process was conducted between November and early February.

In the same update, Thor said it is likely to receive offers for its Spring Hill gold project royalty entitlement during the first quarter of 2020.

The mine was sold off in 2016 but the miner will receive a royalty of A$6 for every ounce of gold produced in the tenements that is sold for up to A$1,500 per ounce, or A$14 per ounce when the gold is sold for over A$1,500 per ounce.

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Price: 0.165 GBX

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

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