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Share Price Information for Thor Energy (THR)

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Share Price: 1.15
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Change: 0.00 (0.00%)
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Thor Mining's projects could lead to gold and tungsten mineralisation

Fri, 29th Jul 2016 13:53

(ShareCast News) - Australia's Thor Mining plans to drill near its Molyhil mine in the Northern Territory, which could lead to tungsten mineralisation, in one of many new projects for the AIM-listed company.The company plans to drill adjacent to the Molyhil mine in the Northern Territory in Australia to test for tungsten at a cost of about $48,m. About $10m will be used for equipment, which equipment or leasing finance could be secured. This will reduce the cost to below $40m.The company said there are ongoing discussions to secure finance and for balance of concentrate production off-take for the Molyhil project.Executive chairman Mick Billing said: "Scheduling a drilling program to test magnetic anomalies very close to Molyhil may, if successful, eventually lead to the delineation of additions to the Molyhil mining inventory."The objective is to extend the operating life of the project, but also to provide the opportunity to reduce operating costs via increased production."The initial drill programme is designed to, at a modest cost, drill just below the alluvial cover, into bedrock and test material for tungsten mineralisation. If successful, further deeper drilling into that mineralisation will be required."Seasonal factory shutdowns, in the northern hemisphere this summer resulted in commodity prices losing part of their recent gains, as demand contracted temporarily. Industry commentators predicted that price will strengthen, particularly for tungsten, in the medium term.The company's other tungsten mine in Pilot Mountain in Nevada, US, is pending funds for exploration. Planning began for the exploration phase on deposits with previous multiple mineralised intersections.The Dundas gold mine project in Western Australia had exploration targets identified but other projects which were prioritised prevented progress in exploration activities.Thor Mining, during the first quarter ended 30 June, also raised £300,000 from investors.Shares in Thor Mining were up 8.99% to 0.0327% at 1449 BST.
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24 Apr 2024 20:10

TRADING UPDATES: Pennant trading in line; Coro requests suspension

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6 Mar 2024 21:09

IN BRIEF: Thor Energy hails new 3D model highlights on mineralisation

Thor Energy PLC - US and Australia-focused mineral exploration company - At the Alford east copper - rare earth element project in South Australia, says new 3D model shows deeply weathered troughs in areas of unaltered metamorphic were found associated with zones of faulting, deep oxidation and intrusives as depth. Notably, the ambient noise tomography surveys confirm the significance of the prominent north-northeast structure associate with copper oxide mineralisation. "The combined resultant 3D model provides targeted criteria for extensions to existing mineralisation and potential for new discoveries of oxide copper-rare earth element mineralisation," Thor Energy says.

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5 Mar 2024 20:43

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(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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29 Feb 2024 19:42

EARNINGS AND TRADING: East Star, Getech strike Kazakhstan JV

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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29 Feb 2024 10:27

AIM WINNERS & LOSERS: Beacon Energy and Avacta fall on fundraise

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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30 Jan 2024 14:39

Thor Energy expects "exciting" year after busy quarter

(Alliance News) - Thor Energy PLC on Tuesday said it finished the latest calendar year with high-grade drilling results, highlighting "the significant potential" of its projects.

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26 Jan 2024 14:30

TRADING UPDATES: Puma and Puma Alpha invest in Not Another Beer

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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18 Jan 2024 14:35

Thor Energy up after Colorado drilling reveals high-grade Uranium

(Alliance News) - Thor Energy PLC shares rose on Thursday, as the discovery of high-grade uranium at its Uravan belt prospects coincided with soaring uranium prices.

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18 Dec 2023 18:33

EARNINGS AND TRADING: Goldplat profit tumbles despite revenue jump

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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18 Dec 2023 13:15

Thor outlines deal between investee ECL and Andromeda Metals

(Sharecast News) - Thor Energy announced a significant development on Monday involving signing an agreement between EnviroCopper (ECL) and Andromeda Metals (Andromeda).

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11 Dec 2023 20:44

TRADING UPDATES: Ondine Biomedical raises GBP2.9 million via placing

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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4 Dec 2023 13:28

IN BRIEF: Thor Energy finds high-grade uranium intercepts at Groundog

Thor Energy PLC - US and Australia-focused mineral exploration company - Announces high-grade uranium intercepts at Groundhog prospect at the Wedding Bell and Radium Mountain projects,in southwest Colorado. Says the reverse circulation drill programme comprised of 23 shallow holes totaling 2,737 metres. Downhole gamma readings indicated up to 6,885 parts per million of uranium.

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4 Dec 2023 12:17

Thor Energy reports solid Colorado drilling results

(Sharecast News) - Thor Energy announced the successful completion of its reverse circulation drilling programme on Monday, revealing promising downhole uranium gamma results at the Wedding Bell and Radium Mountain Projects in the Uravan Mineral Belt of southwest Colorado.

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22 Nov 2023 15:53

UK shareholder meetings calendar - next 7 days

Thursday 23 November 
abrdn UK Smaller Companies Growth Trust PLCAGM
Avation PLCAGM
Bradda Head Lithium LtdAGM
DX Group PLCAGM
Europa Oil & Gas Holdings PLCAGM
Fiske PLCAGM
JPMorgan UK Smaller Cos Investment Trust PLCAGM
Hotel Chocolat Group PLCAGM
Pacific Horizon Investment Trust PLCAGM
Pan African Resources PLCAGM
PZ Cussons PLCAGM
Rosslyn Data Technologies PLCAGM
Friday 24 November 
Base Resources LtdAGM
Cloudbreak Discovery PLCAGM
Esken LtdEGM re Esken Renewables disposal
Neometals LtdAGM
Sovereign Metals LtdAGM
Sylvania Platinum LtdAGM
Monday 27 November 
Chelverton Growth Trust PLCGM re voluntary liquidation
European Smaller Cos Trust PLCAGM
JPMorgan Global Emerging Markets Income Trust PLCAGM
Quadrise PLCAGM
Tribal Group PLCGM re cash offer by Tiger Bidco 1 Ltd
Tuesday 28 November 
Bluefield Solar Income Fund LtdAGM
London Finance & Investment Group PLCAGM
Nanoco Group PLCAGM
Oakley Capital Investments LtdAGM
Wednesday 29 November 
Artemis Resources LtdAGM
Aura Energy LtdAGM
Contango Holdings PLCAGM
CVS Group PLCAGM
Fidelity Asian Values PLCAGM
Ikigai Ventures LtdAGM
Panthera Resources PLCAGM
Reconstruction Capital II LtdAGM
Renishaw PLCAGM
RiverFort Global Opportunities PLCAGM
Sabien Technology Group PLCAGM
Scancell Holdings PLCAGM
Seeing Machines LtdAGM
SLF Realisation Fund LtdAGM
Target Healthcare REIT PLCAGM
Thor Energy PLCAGM
Transense Technologies PLCAGM
Vast Resources PLCAGM
  
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22 Nov 2023 14:01

Thor Energy completes drilling programme at Wedding Bell project

(Alliance News) - Thor Energy PLC on Wednesday said that it has completed a reverse circulation drilling programme at its fully-owned Wedding Bell and Radium Mountain projects, which are located in the Uravan Mineral Belt in southwest Colorado.

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