Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksThor Energy Share News (THR)

Share Price Information for Thor Energy (THR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.90
Bid: 0.80
Ask: 1.00
Change: 0.00 (0.00%)
Spread: 0.20 (25.00%)
Open: 0.90
High: 0.90
Low: 0.90
Prev. Close: 0.90
THR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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.
More News
2 Mar 2023 17:26

Thor Energy says advanced survey technique in use at Alford West

(Alliance News) - Thor Energy PLC on Thursday said its 30% owned portfolio company EnviroCopper Ltd has commenced an advanced geophysical survey technique at the Alford West project in South Australia.

Read more
2 Mar 2023 13:22

Thor subsidiary starts using innovative geophysical technique

(Sharecast News) - Thor Energy announced on Thursday that its 30%-owned subsidiary EnviroCopper had begun working on an innovative geophysical technique at the Alford West Project in South Australia.

Read more
17 Jan 2023 11:59

IN BRIEF: Thor Mining becomes Thor Energy amid uranium, battery focus

(Alliance News) - Thor Energy PLC - US and Australia-focused uranium and energy metals resource company - Changes name to Thor Energy PLC from Thor Mining PLC to reflect its exploration focus on projects in Australia and the US.

Read more
28 Dec 2022 15:57

UK shareholder meetings calendar - next 7 days

Thursday 29 December 
Amte Power PLCAGM
ADVFN PLCAGM
Genedrive PLCAGM
Hotel Chocolat Group PLCAGM
Lekoil LtdEGM re proposed settlement and name change
Online Blockchain PLCAGM
PetroNeft Resources PLCAGM
SkinBioTherapeutics PLCAGM
Friday 30 December 
Amala Foods PLCAGM
Apollon Formularies PLCAGM
Europa Metals LtdGM re Denarius transaction
Goldplat PLCAGM
Ncondezi Energy LtdAGM
Ross GroupAGM
Secure Property Development & Investment PLCAGM
Time Out Group PLCAGM
Monday 02 January 
no events scheduled 
Tuesday 03 January 
no events scheduled 
Wednesday 04 January 
Thor Mining PLCGM re name change to Thor Energy PLC
Borders & Southern Petroleum PLCGM re fundraising
  
Copyright 2022 Alliance News Ltd. All Rights Reserved.

Read more
21 Dec 2022 13:07

Thor Mining reports uranium drilling results from Colorado

(Sharecast News) - Thor Mining released uranium drilling results from the recently-completed programme at its wholly-owned Wedding Bell and Radium Mountain projects in Colorado on Wednesday.

Read more
21 Dec 2022 12:13

LONDON MARKET MIDDAY: Stocks up as UK housebuilders and retailers rise

(Alliance News) - Stocks in Europe were trading higher by midday on Wednesday, with retailers leading the way in London.

Read more
21 Dec 2022 10:27

Thor Mining initial drilling identifies high uranium prospectivity

(Alliance News) - Thor Mining PLC on Wednesday said initial drilling results showed high uranium prospectivity at two 100% owned projects in Colorado.

Read more
15 Dec 2022 11:43

Thor Mining assay results indicate gold; Novmber gold result was error

(Alliance News) - Thor Mining PLC on Thursday said gold and copper have been reported in drilling results from the Kelly's Prospect at its 100% owned Ragged Range project, but it said a previous positive result had been an error.

Read more
15 Dec 2022 10:31

AIM WINNERS & LOSERS: River access re-opened for PetroTal, shares up

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

Read more
7 Dec 2022 14:25

Thor Mining finds high-grade gold and silver at Ragged Range project

(Alliance News) - Thor Mining PLC on Wednesday said rock chip sampling has identified high-grade gold at its 100% owned Ragged Range project in Eastern Pilbara, Western Australia.

Read more
2 Dec 2022 19:33

TRADING UPDATES: Time Out eyes Riyadh; MTI Wireless wins deal

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

Read more
25 Nov 2022 11:20

Thor shares suspended in Sydney ahead of capital raising

(Sharecast News) - Shares in Thor Mining were halted from trading on the ASX in Sydney on Friday morning, the company confirmed, so it could undertake a capital raising.

Read more
25 Nov 2022 11:09

Thor Mining shares in London fall amid trading halt in Australia

(Alliance News) - Thor Mining PLC on Friday said its shares on the Australian Securities Exchange have been halted to undertake a capital raise.

Read more
25 Nov 2022 10:13

AIM WINNERS & LOSERS: IOG restarts production at Saturn Banks Pipeline

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

Read more
24 Nov 2022 13:46

IN BRIEF: Thor Mining signs deal for Molyhil and Bonya tenements

Thor Mining PLC - Australia-focused mineral explorer - Through its wholly-owned subsidiary Molyhil Mining Pty Ltd, signs a heads of agreement with mineral exploration and development company Investigator Resources Ltd. Agreement is signed to fund the exploration of Thor's 100%-owned Molyhil tenements in the Northern Territory of Australia and the sale of Thor's interest in the Bonya tenement.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.