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Share Price:
0.90
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0.80
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0.20 (25.00%)
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Don't have an account? Click here to register.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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17 Aug 2023 09:22
Thor Energy gets all approvals needed for Colorado projects drilling
(Alliance News) - Thor Energy PLC on Thursday said it has received all approvals necessary for drilling at its 100%-owned Wedding Bell and Radium Mountain projects in Colorado, US.
Read more16 Aug 2023 15:47
UK shareholder meetings calendar - next 7 days
| Thursday 17 August | |
| Harvest Minerals Ltd | AGM |
| Quantum Exponential Group PLC | AGM |
| Windward Ltd | AGM |
| Yourgene Health PLC | GM and court meeting re takeover by Novacyt |
| Friday 18 August | |
| Adams PLC | AGM |
| ME Group International PLC | GM re proposed share buyback |
| Oxford BioDynamics PLC | GM re placing |
| Pathfinder Minerals PLC | GM re disposal of the subsidiary |
| Monday 21 August | |
| Calculus VCT PLC | AGM |
| Home REIT PLC | GM re changes to the investment policy |
| Tuesday 22 August | |
| Cake Box Holdings PLC | AGM |
| ReNeuron Group PLC | AGM |
| RUA Life Sciences PLC | AGM |
| Smoove PLC | AGM |
| STM Group PLC | AGM |
| Wednesday 23 August | |
| Brandshield Systems PLC | AGM |
| James Latham PLC | AGM |
| LifeSafe Holdings PLC | GM re shareholder circular |
| Momentum Multi-Asset Value Trust PLC | GM re appointment of the liquidators |
| Sovereign Metals Ltd | GM re share placement options |
| Thor Energy PLC | GM re proposed share consolidation |
| Copyright 2023 Alliance News Ltd. All Rights Reserved. | |
4 Aug 2023 11:25
IN BRIEF: Thor Energy proposes share consolidation to reduce shares
Thor Energy PLC - uranium and vanadium explorer - Calls general meeting on August 23 to seek shareholder approval for a new share consolidation of one share for every 10 existing shares; to issue and allot shares to Spencer Metals Pty Ltd following its acquisition of a 29% interest in a portion of exploration licenses; and an issue of performance shares to directors. Thor Energy says it has a large number of shares on issue, at a disproportionate number relative to its peers.
Read more4 Aug 2023 10:41
AIM WINNERS & LOSERS: Ilika up as inks 10-year manufacturing licence
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.
Read more1 Aug 2023 19:45
TRADING UPDATES: Spectral does not expect delay to Rosecliff deal
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News:
Read more27 Jul 2023 18:22
TRADING UPDATES: Pod Point cuts outlook; CVS Group buys in Australia
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read more31 May 2023 14:19
IN BRIEF: Thor Energy initiates surveys to identify mineralisation
Thor Energy PLC - London-based uranium and vanadium explorer - Says airborne magnetic, radiometric surveys begin in its wholly owned uranium and vanadium projects within the Uravan mineral belt in Colorado and Utah, US. The surveys are at Wedding Bell, Radium Mountain and Vanadium King, and are being carried out to identify potential extensions of mineralisation. Expects work to continue for the next six weeks.
Read more26 Apr 2023 19:33
TRADING UPDATES: Thor Energy reports significant drill intercepts
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Read more26 Apr 2023 13:14
Thor Energy reports positive results from Alford East review
(Sharecast News) - Thor Energy announced new rare earth element (REE) drill results from a review of the previously-announced 2021 copper and gold drilling at the Alford East Project in South Australia on Tuesday.
Read more24 Apr 2023 10:45
Thor Energy confirms vanadium mineralisation at Colorado projects
(Alliance News) - Thor Energy PLC said on Monday assays from its Wedding Bell and Radium Mountain uranium and vanadium projects validate downhole gamma readings for uranium and confirm broader vanadium mineralisation.
Read more24 Apr 2023 09:50
AIM WINNERS & LOSERS: Karelian rises as exploration programmes begin
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.
Read more17 Apr 2023 19:43
TRADING UPDATES: BATM reports Edgility progress, Rambler starts sale
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Read more17 Apr 2023 11:14
Thor Energy upbeat on EnviroCopper survey results
(Sharecast News) - Thor Energy announced on Monday that its 30%-owned subsidiary EnviroCopper (ECL) has completed an ambient noise tomography (ANT) survey at the Alford West Project in South Australia, with successful results.
Read more14 Mar 2023 17:39
EARNINGS SUMMARY: Eagle Eye profit up; Litigation Capital optimistic
(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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