Thor Mining PLC - Australia-based metal exploration and developer with projects in US and Australia - Announces discovery of several lithium targets at 100% owned Ragged Range gold project in Eastern Pilbara, Western Australia. Prospective lithium-caesium-tantalum ground has been identified in three areas in the north of Thor's tenure, next to the Split Rock Supersuite. The targets hold potential for significant further discoveries and will be advanced as soon as possible.
"The Pilbara Craton already hosts two "world class" lithium deposits, and ground with battery metals prospectivity at our 100% owned Ragged Range project is an exciting new development, and has the potential to create substantial value for Thor shareholders." said Managing Director Nicole Galloway Warland.
Thor will continue drill testing further gold targets at its Sterling Prospect.
Current stock price: 0.63 pence, up 32% on Thursday
12-month change: down 32%
By Elizabeth Winter; elizabethwinter@alliancenews.com
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Thor Energy (THR)