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Last checked at 
4 Dec 2019 07:00
Wednesday, 4 December 2019
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THOR MINING PLC
Ā ("Thor" or the "Company")
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Appendix 3Z
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The Directors of Thor Mining PLC (AIM, ASX: THR) today lodged the following announcement on the Australian Securities Exchange ("ASX"), as required under the listing rules of the ASX.
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Enquiries:
Mick Billing | +61 (8) 7324 1935 | Thor Mining PLC | ExecutiveĀ Chairman |
Ray Ridge | +61 (8) 7324 1935 | Thor Mining PLC | CFO/Company Secretary |
Colin Aaronson/ Richard Tonthat/ Ben Roberts | +44 (0) 207 383 5100 Ā | Grant Thornton UK LLP Ā | Nominated Adviser |
Claire Louise Noyce / John Beresford-Peirse Ā | +44 (0) 203 764 2341 | Hybridan LLP | Joint Broker |
Nick Emerson | +44 (0) 1483 413 500 | SI Capital Ltd | Joint Broker |
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Updates on the Company's activities are regularly posted on Thor's website www.thormining.com, which includes a facility to register to receive these updates by email, and on the Company's twitter page @ThorMining.
AboutĀ ThorĀ MiningĀ PLC
ThorĀ MiningĀ PLCĀ (AIM,Ā ASX:Ā THR)Ā isĀ aĀ resourcesĀ companyĀ quotedĀ onĀ theĀ AIMĀ MarketĀ ofĀ theĀ LondonĀ Stock Exchange andĀ onĀ ASXĀ in Australia.
ThorĀ holdsĀ 100%Ā ofĀ the advancedĀ Molyhil tungsten project in the NorthernĀ Territory of Australia, forĀ which anĀ updated feasibility study inĀ August 2018Ā¹Ā suggestedĀ attractive returns.
Adjacent Molyhil, at Bonya, Thor holds a 40% interest in deposits of tungsten, copper, and vanadium, including an Inferred resource for the Bonya copper depositĀ².
ThorĀ alsoĀ holdsĀ 100%Ā ofĀ theĀ PilotĀ MountainĀ tungstenĀ projectĀ inĀ NevadaĀ USAĀ whichĀ hasĀ aĀ JORCĀ 2012 Indicated andĀ InferredĀ Resources EstimateĀ³Ā onĀ 2Ā ofĀ theĀ 4 knownĀ deposits. The US Department of the Interior has confirmed that tungsten, the primary resource mineral at Pilot Mountain, has been included in the final list of Critical Minerals 2018.
ThorĀ holds aĀ 25%Ā interestĀ AustralianĀ copper developmentĀ companyĀ EnviroCopper Limited (with rights to increase its interest to 30%). EnviroCopper LimitedĀ holds:
Ā·; rightsĀ toĀ earnĀ upĀ toĀ aĀ 75%Ā interestĀ inĀ theĀ mineralĀ rights andĀ claims overĀ the resourceā“ on the portionĀ of the historic KapundaĀ copperĀ mineĀ inĀ SouthĀ Australia recoverableĀ by way ofĀ in situ recovery; and
Ā·; rights to earn up to 75% of the Moonta copper project, also in South Australia comprising the northern portion of exploration licence EL5984 and includes a resource estimateāµ for several deposits.
ThorĀ hasĀ anĀ interestĀ inĀ Hawkstone MiningĀ Limited,Ā anĀ AustralianĀ ASX listed company withĀ aĀ 100%Ā Interest inĀ a LithiumĀ project with a JORC compliant resourceĀ in Arizona, USA.
Finally,Ā ThorĀ also holdsĀ a productionĀ royalty entitlementĀ fromĀ theĀ SpringĀ HillĀ GoldĀ projectā¶ of:
ā¢ Ā A$6Ā perĀ ounceĀ ofĀ goldĀ producedĀ fromĀ theĀ SpringĀ HillĀ tenementsĀ whereĀ theĀ goldĀ producedĀ isĀ soldĀ forĀ up to A$1,500Ā perĀ ounce;Ā and
ā¢ Ā A$14Ā perĀ ounceĀ ofĀ goldĀ producedĀ fromĀ theĀ SpringĀ HillĀ tenementsĀ whereĀ theĀ goldĀ producedĀ isĀ soldĀ for amountsĀ overĀ A$1,500Ā perĀ ounce.
Notes
Ā¹Ā ReferĀ ASXĀ andĀ AIMĀ announcementĀ ofĀ 23Ā AugustĀ 2018
Ā² ReferĀ ASXĀ andĀ AIMĀ announcementĀ ofĀ 26Ā NovemberĀ 2018
Ā³Ā ReferĀ AIMĀ announcementĀ ofĀ 13 December 2018Ā andĀ ASXĀ announcementĀ ofĀ 14 December 2018
ā“Ā ReferĀ AIMĀ announcementĀ ofĀ 10Ā FebruaryĀ 2016Ā andĀ ASXĀ announcementĀ ofĀ 12Ā FebruaryĀ 2018
āµ ReferĀ ASXĀ andĀ AIMĀ announcementĀ ofĀ 15 AugustĀ 2019
ā¶ ReferĀ AIMĀ announcementĀ ofĀ 26Ā FebruaryĀ 2016Ā andĀ ASXĀ announcementĀ ofĀ 29Ā FebruaryĀ 2016
Rule 3.19A.3
Appendix 3Z
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Final Director's Interest Notice
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Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/9/2001.
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Name of entity Thor Mining PLC |
ABN 121 117 673 |
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We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.
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| Name of director | David Edward Thomas |
| Date of last notice | 13 June 2018 |
Date that director ceased to be director | 28 November 2019 |
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Part 1 - Director's relevant interests in securities of which the director is the registered holder
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
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Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.
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| Number & class of securities Ā 9,410,969 CDIs 3,000,000 Unlisted options, exercise price 1.8 pence, expiry 31/03/20. 2,500,000 Unlisted options, exercise price 3.5625 pence, expiry 07/06/21. Ā Mr Thomas subsequently acquired a further 2,500,000 Ordinary Shares on 29 November 2019, after ceasing to be a director at the close of the AGM held on the 28 November 2019. The Ordinary Shares were acquired for 0.2 pence per Ordinary Share and were otherwise on the same terms as other participants in the placement. The participation of Mr Thomas in the placement had been approved by shareholders at that AGM. Ā |
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Part 2 - Director's relevant interests in securities of which the director is not the registered holder
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Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.
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In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
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| Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest Ā Nil Ā | Number & class of securities Ā Ā Nil |
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Part 3 - Director's interests in contracts
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Detail of contract | N/A |
Nature of interest Ā Ā | |
Name of registered holder (if issued securities) Ā | |
No. and class of securities to which interest relates Ā Ā |
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