Thor Mining PLC (LON:THR) said its next phase of work will comprise drilling at Ragged Range, its US uranium-vanadium project in Colorado, and resource extension work and ISR test work at Alford East.
Mick Billing, executive chairman, said this work will have a significant impact on the value of shareholders' investment in Thor Mining.
Elsewhere, Billing said the 2021 program at the Kapunda ISR copper project is expected to be project-defining with gold focussed drilling and field SELT trials about to commence.
“This work is aimed at delivering the final stage of technical production feasibility for the ISR process at Kapunda."
For the quarter to end-March, Thor added that cash outflows were A$450,000 with a cash balance at the period-end of A$2.06mln.