It’s coming28 Apr 2019 12:40
Building a business here and tiny tiny MC hold and patience. SL
Thor’s executive chairman Mick Billing called Tuesday’s development ‘very exciting’ for the firm’s copper strategy.
‘The non-invasive production technique of In-situ Recovery of copper has the potential to co-exist without significant disruption to farming and once completed, have little to no impact on future agricultural land use,’ he added. ‘ISR is an extension of proven technology and has been in use since the 1960's. With recent technical advances ISR can now offer a lower footprint and is likely to find further application in mineral recovery fields because it can coexist with other land use activities. The Moonta project, hosts oxide copper minerals and some secondary sulphide copper minerals in deep weathered troughs, indicating early stage potential for copper production via ISR methods.’
Last month’s deal also saw Thor transfer its interest into the Adelaide-based Kapunda copper project into Enviro. Kapunda hosts an in-situ recovery (ISR) amenable inferred mineral resource estimate of 119,000ts of contained copper.