Thor Mining PLC Change of Auditor (8436Z)

TIDMTHR

RNS Number : 8436Z

Thor Mining PLC

23 September 2020

THOR MINING PLC

CHANGE OF AUDITOR

The directors of Thor Mining Plc ("Thor" or the "Company") (AIM, ASX: THR) advise of a change in the Company's auditor.

Following the receipt of a resignation letter from Thor's incumbent auditor, Chapman Davis LLP, Thor has today formalised the appointment of PKF Littlejohn LLP.

The resignation letter received from Chapman Davis LLP noted "no circumstances connected with our resignation which we consider should be brought to the notice of the members or creditors of the Company" under section 519 of the Companies Act 2006.

The appointment of PKF Littlejohn LLP will be put to a shareholder's vote at the Company's next AGM.

Enquiries:

 
Mick Billing             +61 (8) 7324  Thor Mining PLC  Executive Chairman 
                           1935 
 Ray Ridge                +61 (8) 7324  Thor Mining PLC  CFO/Company Secretary 
                           1935 
 Samantha Harrison/Niall  +44 (0) 207   Grant Thornton   Nominated Adviser 
  McDonald                 383 5100      UK LLP 
 Nick Emerson             +44 (0) 1483  SI Capital Ltd   Broker 
                           413 500

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 is also acquiring up to a 30% interest Australian copper development company EnviroCopper Limited, which in turn 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 also holds rights to earn a 75% interest in portion of the Moonta Copper project also in South Australia, and is considered amenable to recovery by way of in situ recovery .

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.

The Company also has exciting gold interests at Ragged Range in the Pilbara region of Western Australia.

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 2018 and ASX announcement of 12 February 2018

Refer ASX and AIM announcement of 15 August 2019

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