RE: For the record...27 Mar 2019 12:47
An explorer with 1 project is asking for trouble so no offence but you cant have much experience in AIM explorers. GGPs flagship "find of the decade" turned out a sandpit and thankfully they had aquired Havieron and Blackhills amongst others. Finding prospective licenses for little outlay and expanding the company through diversification of regions and minerals is the explorers bread and butter. Drill one license and its cr@p we go bust. Weve actually taken molyhill as far as we can go so we've focused on 1 project for several years and now expanding...
Thor has advanced its 100% owned Molyhil tungsten and molybdenum project to mine construction ready status and is currently in a commercialisation process to secure project level finance for the mine construction phase;
· In addition, the Company's Kapunda copper project interest (Thor earning up to 45%) is the subject of a disposal process into Enviro Copper Limited as announced on 5 March 2019;
· After completion of Molyhil and Kapunda transactions, Thor's exploration interests will be limited to the Bonya tungsten, copper and vanadium project where the Company has a 40% interest;
· IN LIGHT OF THE ABOVE, Thor has taken the decision to acquire Pilbara Goldfields Pty Limited ("PGL") and Hamersley Metals Pty Limited ("HML") which across both companies currently hold interests in two granted licences and seven licence applications at various stages of advancement;