TIDMTHR
RNS Number : 5255V
Thor Mining PLC
04 December 2019
Wednesday, 4 December 2019
THOR MINING PLC
("Thor" or the "Company")
Appendix 3Z
The Directors of Thor Mining PLC (AIM, ASX: THR) today lodged
the following announcement on the Australian Securities Exchange
("ASX"), as required under the listing rules of the ASX.
Enquiries:
Mick Billing +61 (8) 7324 1935 Thor Mining Executive
PLC Chairman
Ray Ridge +61 (8) 7324 1935 Thor Mining CFO/Company
PLC Secretary
Colin Aaronson/ +44 (0) 207 383 Grant Nominated
Richard Tonthat/ 5100 Thornton UK Adviser
Ben Roberts LLP
Claire Louise +44 (0) 203 764 Hybridan LLP Joint
Noyce / 2341 Broker
John
Beresford-Peirse
Nick Emerson +44 (0) 1483 413 SI Capital Joint
500 Ltd Broker
Updates on the Company's activities are regularly posted on
Thor's website www.thormining.com, which includes a facility to
register to receive these updates by email, and on the Company's
twitter page @ThorMining.
About Thor Mining PLC
Thor Mining PLC (AIM, ASX: THR) is a resources company quoted on
the AIM Market of the London Stock Exchange and on ASX in
Australia.
Thor holds 100% of the advanced Molyhil tungsten project in the
Northern Territory of Australia, for which an updated feasibility
study in August 2018(1) suggested attractive returns.
Adjacent Molyhil, at Bonya, Thor holds a 40% interest in
deposits of tungsten, copper, and vanadium, including an Inferred
resource for the Bonya copper deposit(2).
Thor also holds 100% of the Pilot Mountain tungsten project in
Nevada USA which has a JORC 2012 Indicated and Inferred Resources
Estimate(3) on 2 of the 4 known deposits. The US Department of the
Interior has confirmed that tungsten, the primary resource mineral
at Pilot Mountain, has been included in the final list of Critical
Minerals 2018.
Thor holds a 25% interest Australian copper development company
EnviroCopper Limited (with rights to increase its interest to 30%).
EnviroCopper Limited holds:
-- rights to earn up to a 75% interest in the mineral rights and
claims over the resource on the portion of the historic Kapunda
copper mine in South Australia recoverable by way of in situ
recovery; and
-- rights to earn up to 75% of the Moonta copper project, also
in South Australia comprising the northern portion of exploration
licence EL5984 and includes a resource estimate for several
deposits.
Thor has an interest in Hawkstone Mining Limited, an Australian
ASX listed company with a 100% Interest in a Lithium project with a
JORC compliant resource in Arizona, USA.
Finally, Thor also holds a production royalty entitlement from
the Spring Hill Gold project of:
-- A$6 per ounce of gold produced from the Spring Hill tenements
where the gold produced is sold for up to A$1,500 per ounce;
and
-- A$14 per ounce of gold produced from the Spring Hill
tenements where the gold produced is sold for amounts over A$1,500
per ounce.
Notes
(1) Refer ASX and AIM announcement of 23 August 2018
(2) Refer ASX and AIM announcement of 26 November 2018
(3) Refer AIM announcement of 13 December 2018 and ASX
announcement of 14 December 2018
Refer AIM announcement of 10 February 2016 and ASX announcement
of 12 February 2018
Refer ASX and AIM announcement of 15 August 2019
Refer AIM announcement of 26 February 2016 and ASX announcement
of 29 February 2016
Rule 3.19A.3
Appendix 3Z
Final Director's Interest Notice
Information or documents not available now must be given to ASX
as soon as available. Information and documents given to ASX become
ASX's property and may be made public.
Introduced 30/9/2001.
Name of entity Thor Mining PLC
ABN 121 117 673
We (the entity) give ASX the following information under listing
rule 3.19A.3 and as agent for the director for the purposes of
section 205G of the Corporations Act.
Name of director David Edward Thomas
Date of last notice 13 June 2018
---------------------------------
Date that director ceased to 28 November 2019
be director
---------------------------------
Part 1 - Director's relevant interests in securities of which
the director is the registered holder
In the case of a trust, this includes interests in the trust
made available by the responsible entity of the trust
Note: In the case of a company, interests which come within
paragraph (i) of the definition of "notifiable interest of a
director" should be disclosed in this part.
Number & class of securities
9,410,969 CDIs
3,000,000 Unlisted options, exercise price 1.8 pence,
expiry 31/03/20.
2,500,000 Unlisted options, exercise price 3.5625 pence,
expiry 07/06/21.
Mr Thomas subsequently acquired a further 2,500,000
Ordinary Shares on 29 November 2019, after ceasing to
be a director at the close of the AGM held on the 28
November 2019. The Ordinary Shares were acquired for
0.2 pence per Ordinary Share and were otherwise on the
same terms as other participants in the placement. The
participation of Mr Thomas in the placement had been
approved by shareholders at that AGM.
Part 2 - Director's relevant interests in securities of which
the director is not the registered holder
Note: In the case of a company, interests which come within
paragraph (ii) of the definition of "notifiable interest of a
director" should be disclosed in this part.
In the case of a trust, this includes interests in the trust
made available by the responsible entity of the trust
Name of holder & nature Number & class of securities
of interest Nil
Note: Provide details
of the circumstances
giving rise to the relevant
interest
Nil
Part 3 - Director's interests in contracts
Detail of contract N/A
Nature of interest
----
Name of registered holder
(if issued securities)
----
No. and class of securities
to which interest relates
----
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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