Thor Mining PLC Response to ASX request for additional information (0212W)

TIDMTHR

RNS Number : 0212W

Thor Mining PLC

06 December 2019

6 December 2019

Response to ASX request for additional information

The Board of Thor Mining Plc ("Thor" or "the Company") (AIM, ASX: THR) has issued a response to a request for additional information from the Australian Securities Exchange ("ASX").

The full text of the response can be found at:

https://www.thormining.com/sites/thormining/media/pdf/ASX-Releases/20191206-asx-company-update-additional-info.pdf

Enquiries:

 
Mick Billing            +61 (8) 7324        Thor Mining PLC        Executive Chairman 
                          1935 
 Ray Ridge               +61 (8) 7324        Thor Mining PLC        CFO/Company 
                          1935                                       Secretary 
 Colin Aaronson/           +44 (0) 207 383   Grant Thornton UK LLP  Nominated Adviser 
  Richard Tonthat/ Ben      5100 
  Roberts 
 Nick Emerson              +44 (0) 1483      SI Capital Ltd         Joint Broker 
  Claire Louise Noyce       413 500           Hybridan LLP           Joint Broker 
  /                         +44 (0) 203 764 
  John Beresford-Peirse     2341

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. 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

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 Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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December 06, 2019 03:49 ET (08:49 GMT)

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