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1.04 at the off
nviroCopper Ltd ("EnviroCopper") (in which Thor holds a 30% equity interest), in collaboration with MinEx CRC, is undertaking an innovative Coiled Tube ("CT") drilling program at Kapunda. MinEx CRC is the world's largest mineral exploration collaboration, bringing together mining industry (including drilling companies), government and research organisations. The drilling is designed to trial technological advancements using a safer, environmentally friendly mining technology with a low footprint.
Drilling is targeting copper-gold mineralisation approximately 30m from the planned in-situ recovery ("ISR") push/pull test site to the south of Kapunda township. A geophysics IP anomaly was also identified in this area by Copper Range Ltd in 2008. The drilling program is anticipated to take approximately 4 weeks.
A photo of the coiled tube rig may be viewed via the following link:
http://www.thormining.com/sites/thormining/media/maps/ct-drill-rig.jpg
Nicole Galloway Warland, Managing Director of Thor Mining, commented:
"It's great to see mineral exploration collaborations between industry, government and research organisations, such as this Coiled Tubed ("CT") drilling program between EnviroCopper and MinEx CRC. Based on geology and access, Kapunda is an ideal location to be trialling the next generation of CT drilling, whilst collecting geological information on the copper-gold mineralisation, which is valuable for the further development of the Kapunda Copper ISR Project."
A copy of the Project Location Plan may be viewed via the following link:
http://www.thormining.com/sites/thormining/media/maps/17-007-1b-kapunda-alford-location.jpg
About Kapunda and EnviroCopper
The Kapunda ISR Copper Project is located approximately 90 kilometres north north-east of Adelaide in South Australia (Figure 1).
Thor holds a 30% interest in EnviroCopper, which in turn holds rights to earn up to a 75% interest in the mineral rights over metals which may be recovered via ISR contained in the Kapunda deposit from Australian listed company, Terramin Australia Limited ("Terramin" ASX:TZN). (ASX:THR Announcement 11 November 2020).
For detail of the ISR process, investors are invited to view the EnviroCopper website: https://www.envirocopper.com.au/
EnviroCopper-MinEX CRC Collaboration
EnviroCopper is an affiliate of the $10M MinEx CRC program and currently has the CT drilling rig on site at Kapunda. The drill program will supply geological information to EnviroCopper whilst testing various aspects of the rig and the solid handling system.
Copper Range Ltd in November 2008, drilled two reverse circulation ("RC") drill holes (SK001 and SK002) into an IP anomaly, with SK002 intersecting 22m @ 0.6% Cu (4-26m) including 4m @ 2.4% (4-8m) (Open File Envelope ENV11691). The CT rig aims to validate this mineralisation, in addition to gaining geological information on the copper mineral species.
Table A: Historic Drill Collar Summary, Cooppe
https://twitter.com/ThorMining/status/1438755088844083207?s=19
https://www.londonstockexchange.com/news-article/THR/kapunda-drilling/15138712
Investor Presentation - Nice. Come on THOR.
https://www.thormining.com/sites/thormining/media/pdf/ASX-Announcements/20210917-investorpresentation.pdf
THR up 27% on the ASX this morning. Should be an interesting day on AIM.
Don’t forget GCL and YCA.
If you’re I terested I’m riding the uranium wave, which is only just beginning, seriously, follow John Quakes on Twitter. There’s too much fundamentals for anyone to be bothered posting on here. You will soon come to understand how much more there is to come.
Thr just as well positioned as many of the juniors. Buy, hold, hold, hold !!!!! There will be some pull backs along the way but that has to be expected. Buy the dips !! Accumulate !! That’s my approach anyway. DYOR and good luck!
A 3.5mil purchase went through pre-opening at 0,92p.
simbah you still have time to make plenty of profit in the uranium space
boss energy is my play the next Aussie uranium producer
other Companies share price's have paused for breathe after big rises
its still early days.
Imp, I use the filter when that happens. ATB
https://www.youtube.com/watch?v=SeExkCHThV8 - they say here April/May earlier this year. Not sure what the latest is, but could be a good one ....they don't seem to have reacted a lot to the spot price compared to the pure plays. I missed the boat on that rise in the last 3weeks!! :/
just noticed POW also got uranium and they up 13% on that uranium annoucement. so now there are 3 players in uranium , AURA, POW and THR.
i know AURA mcap is too large already, POW is now nearing 30m and THR nearing 15m.
surely THR will start rising soon as their mcap is much lower and uranium drilling will start this year?
do we know when exactly we will drill for uranium?
2p just on copper.
5p if positive sentiment on rest.
Finantial Year end.
All dependent on RR update and some movement re uranium assets.
..... One day they might even get molyhil off the ground.
You never know
It's guesswork; depends on drilling results and company decisions on joint ventures, disposal of assets, etc. But 2p by Christmas is my guess.
Best wishes
so where does everyone think the price may go?
This billboard is very good-humoured and cheerful at the moment. Unfortunately, it won't last. When the share-price takes off, the malicious and the mentally deranged will arrive in squadrons. I've seen it happen in GGP; it's going to happen here. The conversation will be much worse; but perhaps we will find some comfort in the thought that we are now very rich.
I think you will have got in at a great price I2. My entries a couple of days were at only a slightly lower price point. There is some evidence that potential investors are becoming aware of #THR potential based on discussions on Twitter. I have said it before that the company should refresh and present an updated investor strategy. Hopefully with a new chairman there should be a strong impetus to do just that.
Uranium should be an important asset to call out and any strategy to develop including looking at JV options would take it further. I feel the share price is largely underpinned by their other assets however.
Best wishes.
I had a slight top-up today. Tried to buy £12,000; not possible, had to divide it into two orders, one at 0.89, the other at 0.9. These algorithms are clever; they automatically increase the price, if they know you want it. Like the worst kind of harlot (though of course I don't know any).
Book loaded! Should turn blue today and most likely retest yesterday’s high this week. Low spread too so certainly time to fill those boots. 1p before you know it.
https://www.mining.com/web/new-uranium-fund-signals-start-of-bull-run-amid-tight-supply/
"why uranium stocks and etfs are going nuclear"
-- I guess it would have been slightly distasteful to say that "these stocks are about to explode".
Reading the RNS i had to check we are in 2021 as it says drilling at ragged in the first half.
Its not just me it was meant to have started long ago.
On the plus front uranium is booming so we might manage to do something with that as well as the tungsten.
Be less sloth.
Good post Orion10.
https://markets.businessinsider.com/news/commodities/why-uranium-stocks-&-etfs-are-going-nuclear-10528086
Lunchtime leavers have hopefully finished clearing off.
A tempting area to bail out ( I can see that ) as it's a pinnacled price point for those on a short leash. However, have those left too soon? Indeed they have.......
This share is fast becoming a shorter termed investment because of the parameters in place and the acceleration of pretty much everything and nearing to some results that will give this share some considerable increase in value.
We have progression in pretty much all areas now.
Nicole is doing, IMO, a fabulous job in keeping us informed & making sure her minions are "on it."
Another stonking volume day. This helps keep us out there on others' radars too.
This is currently just another key sp barrier to get through. Once through we could go quite quickly upto 1.1 and test the next marker.
With the next lot of news, that I foresee to be within the next week to 10 days, then who really wants to be out at the moment???
cheers imp....hope all is well with you