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Thor Mining Gets Over AUD200,000 Grant To Cover Exploration Costs

Wed, 14th Aug 2019 11:45

(Alliance News) - Thor Mining PLC on Wednesday said it has secured AUD222,513, about GBP124,340, by way of a research grant from the Australian Department of Industry, Innovation & Science.

The exploration and development company said the grant covers a portion of expenditure for the year on eligible research activities on Australian projects.

"We are very pleased to have our cash reserves boosted by this research & development grant," said Executive Chair Mick Billing. "We are proceeding with all scheduled 2019 activities with the confidence that they are fully funded."

Thor shares were trading 4.8% higher on Wednesday in London at 0.55 pence each.

More News

25 Mar 2019 14:14

Thor Mining Cleared For Drilling At Australian Bonya Tungsten Deposits

LONDON (Alliance News) - Thor Mining PLC on Monday said it has been cleared to drill at the Bonya tungsten deposits near its Molyhil project in Australia.Clearance for drilling has been by

5 Mar 2019 17:12

Thor Mining To Vend Kapunda Project Into New Enviro Copper Company

LONDON (Alliance News) - Thor Mining PLC on Tuesday said it has signed an agreement to vend its interest in the Kapunda copper project in Australia to Enviro Copper Ltd.Shares in Thor up at

28 Feb 2019 14:13

Thor Mining Interim Loss Narrows As Exploration Costs Fall

LONDON (Alliance News) - Thor Mining PLC on Thursday said its interim loss narrowed as exploration expenses reduced significantly.For the six months to the end of 2018, the miner posted a a

30 Jan 2019 16:37

Thor Mining Has Positive Second Quarter, Financed Until Late 2019

LONDON (Alliance News) - Thor Mining PLC said Wednesday its second quarter was "positive" with progress being made on all its core projects and strengthened its cash position.The

26 Nov 2018 12:44

Thor Mining produces bonzer copper estimate for Bonya

(Sharecast News) - Exploration and development company Thor Mining believes its Bonya resource in Australia's Northern Territory will produce more than 200,000 tonnes of copper

26 Nov 2018 11:26

Thor Mining Finds High-Grade Copper Deposit Near Molyhil Project

LONDON (Alliance News) - Thor Mining PLC on Monday said it had identified a small, high-grade copper deposit adjacent to its Australian Molyhil mine project.Shares in the exploration and up

21 Nov 2018 16:08

UK Shareholder Meetings Calendar - Next 7 Days

Thursday 22 November FW ThorpeJPMorgan Emerging Markets Investment TrstBerkeley 23 Big Box REIT 28

5 Nov 2018 12:31

Thor Mining Nets GBP60,000 Following Warrants Exercise (ALLISS)

LONDON (Alliance News) - Thor Mining PLC on Monday said it netted GBP59,530 following exercise of share warrants.The exploration company said 5.0 million warrants were exercised at a price

25 Oct 2018 11:31

Thursday broker round-up

(Sharecast News) - Hastings: Numis upgrades to buy with a target price of 295p.

4 Oct 2018 10:51

Thor Mining To Issue 14.5 Million Shares To Cover Rox's Purchase (ALLISS)

LONDON (Alliance News) - Thor Mining PLC said Thursday it will issue 14.5 million shares to satisfy the USD550,000 purchase price for the interests in two tenements acquired from Rox Resources the

21 Sep 2018 12:42

Thor Mining Annual Loss Widens, Confident About Year Ahead

LONDON (Alliance News) - Thor Mining PLC on Friday reported a widened annual loss on higher loan impairment charges and said that it has made considerable advances at its core projects in the loss

7 Sep 2018 15:53

Thor Mining releases scoping study results for Pilot Mountain

(Sharecast News) - Thor Mining announced the results of a scoping study for the Pilot Mountain tungsten project in Nevada on Friday, reporting total Desert Scheelite forecast open pit production of 7.5 million tonnes.

7 Sep 2018 11:12

Thor Mining Projects 7.5 Million Tonnes Production At Pilot Mountain

LONDON (Alliance News) - Thor Mining PLC said Friday its scoping study for the Pilot Mountain tungsten project in Nevada, US has shown a 12 year open pit life for at least one in Thor Mining were

28 Aug 2018 14:25

Thor Mining Reports Encouraging Test Results From Kapunda Samples

LONDON (Alliance News) - Thor Mining PLC on Tuesday announced positive test results from samples taken from its Kapunda copper project in Australia.Thor bottle roll tested samples from with

23 Aug 2018 14:22

Thor Mining eyes 'materially enhanced' returns following Molyhil feasibility study

(Sharecast News) - AIM-quoted resources company Thor Mining's new definitive feasibility study on its Molyhil tungsten and molybdenum project has revealed a net present value in excess of AUD $100m.