Thor Mining reported it has made progress on all of its projects in the first quarter of 2022.
Nicole Galloway Warland, managing director, said: "Our team is back on the ground for the 2022 field season at our 100% owned Ragged Range Project, WA, with a mapping and sampling program currently underway to test potential lithium-caesium-tantalum pegmatite targets associated with the Split Rock Supersuite.
“Preparations are being finalised to commence the second phase of RC drilling at the Sterling Gold Prospect, with a ground-based electromagnetic survey, designed to detect any conductive anomalies at depth that may indicate the presence of nickel sulphide mineralisation, scheduled for May 2022
"In the US, preparations are now underway to test the project's priority areas, Groundhog, Rim Rock and Section 23.
"Thor's board notes the heightened demand for uranium in the US as the country seeks to secure domestic supply in order to replace its reliance on Russian imports.
"At the Alford East copper-gold project, a second phase of drilling, which will include hydrogeology and hydrometallurgical studies, is now being designed.”
Cash balances at the end of the March quarter were A$2.78mln (£2.22mln).