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Nicole Galloway Warland, Managing Director of Thor Mining, commented:
"This is a fabulous result for Thor and its shareholders as it validates the high-quality Alford East Project. The successful grant is a strong endorsement of the technical merits of the project by the South Australian Government.
The Alford East Project is an exciting opportunity for Thor shareholders at a time of record copper prices.
The $300,000 funding will significantly expediate our exploration and development program for the Alford East ISR Project, with diamond drilling commencing shortly with the objective to increase the resource size and commence hydrometallurgical studies.
We acknowledge and thank the Department of Energy and Mining (DEM) and the SA Government for this positive exploration initiative."
Up 21.1%
Yep.Gold up at 1883 as I type,THR sp down.
H
True, But there are lot who are millionaires in Crypto.
Its sad to watch when you know how some folks will be feeling today
Crypto is Crashed Today all traders will now look for good companies, money will flow here as it's getting attention.
lol Are you sure about that?
Guys and gals...don't get too excited about the possible effect of current improving commodity prices on THRs sp...THR is in such a preliminary stage of its life cycle that they really wont have that much of an impact one way or the other.Its JVs and /or significant non dilutive funding that will be the significant drivers not commodity prices or drill results...although of course if positive these could help with JVs/funding)
H
Yeah Baby
Scorpio m0r0n is back..
Give it a rest with the ramping bullsh*t Mr P.
Crack at $1900 coming this week.
Bodes very well for Ragged Range.
Love the interview with Nicole.
Lot of interest in Thor's Uranium & Vanadium project in the US. Major push by US to stop relying on Uranium imports (currently 95%) given the US / China relations. Focus is on domestic supply.
Already over 400,000 Tonnes of Copper and growing. Thats a lot of Copper and 71,000 oz of Gold also from Alford East. Additional Gold and Nickel from Ragged range would be on top.
I can envisage a Tungsten deal also in the very near future.
I see multiple price catalysts ahead leading to a sharp re-rate this year and next.
sorry if already posted....https://youtu.be/qrdbMsnqb3s
Good recap Troaj.
Agree. Much reduced costs under ISR method. I am a subscriber there.
Waiting for momentum to kick in here soon before it takes off like Thor......
Add to that the significantly reduced extraction costs which have also attracted a govt grant!
Well worth a read this on ISR for those that aren’t aware...
https://www.enviroleach.com/conventional
Trek
Ahh...thanks
Gold -nickel and copper - don't underestimate the copper potential at Ragged Range . With the Sth. Aust copper projects as well all the ducks are lined up for Thor .
The long term price of copper. ATB
How is this relevant to THR please?