Last checked at 2 Dec 2020 08:12
2 December 2020
THOR MINING PLC
("Thor" or the "Company")
Director/PDMR Shareholding
The Directors of Thor Mining PLC (AIM, ASX: THR) provide a notice of the change in securities held by a Director, Mr Mark McGeough.
The change in Mr McGeough's interest follows the exercise of 416,667 warrants announced on 26 November 2020, resulting in an increase of Thor ordinary shares of 0.01p each ("Ordinary Shares") held of 416,667 and the disposal on market of 50,000 Ordinary Shares as CDIs quoted on the ASX.
Following the aforementioned transactions, Mark McGeough holds 1,861,765 Ordinary Shares representing 0.12% of the Company's voting rights.
The relevant details are provided in the notifications below, made in accordance with the requirements of the EU Market Abuse Regulation and the Australian Securities Exchange.
Enquiries:
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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.
About Thor Mining PLC
Thor Mining PLC (AIM, ASX: THR) is a resources company quoted on the AIM Market of the London Stock Exchange and on ASX in Australia.
Thor holds 100% of the advanced Molyhil tungsten project in the Northern Territory of Australia, for which an updated feasibility study in August 2018¹ suggested 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 deposit².
Thor also holds a 30% interest Australian copper development company EnviroCopper Limited, which in turn holds rights to earn up to a 75% interest in the mineral rights and claims over the resource on the portion of the historic Kapunda copper mine in South Australia recoverable by way of in situ recovery⁴, and also holds rights to earn a 75% interest in portion of the Moonta Copper project also in South Australia, and is considered amenable to recovery by way of in situ recovery⁵.
Thor also holds 100% of the Pilot Mountain tungsten project in Nevada USA which has a JORC 2012 Indicated and Inferred Resources Estimate³ on 2 of the 4 known 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.
At the 100% owned Ragged Range in the Pilbara region of Western Australia, Thor has exciting early stage results for which gold and nickel drilling is planned.
Thor holds mineral claims in the US states of Colorado and Utah with historical high-grade uranium and vanadium drilling and production results.
Notes
¹ Refer ASX and AIM announcement of 23 August 2018
² Refer ASX and AIM announcement of 26 November 2018
³ Refer AIM announcement of 13 December 2018 and ASX announcement of 14 December 2018
⁴ Refer AIM announcement of 10 February 2018 and ASX announcement of 12 February 2018
⁵ Refer ASX and AIM announcement of 15 August 2019
Rule 3.19A.2
Appendix 3Y
Change of Director's Interest Notice
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 30/09/01 Amended 01/01/11
Name of entity: Thor Mining PLC |
ARBN: 121 117 673 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director | Mark McGeough |
Date of last notice | 27 November 2020 |
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
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.
Direct or indirect interest | Direct |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
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Date of change | 2 December 2020 Shares issued 26 November 2020 Disposal of Shares |
No. of securities held prior to change | · 1,495,098 Ordinary Shares/CDIs · 416,667 Unlisted options exercise price £0.01 expiring 23 October 2022 |
Class | · Ordinary Shares or CDI's · Unlisted options exercise price £0.01 expiring 23 October 2022
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Number acquired | · 416,667 CDIs/Shares as a result of unlisted options exercised
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Number disposed
| · 416,667 unlisted options exercised price £0.01 expiring 23 October 2022 · 50,000 CDIs disposed of on market
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Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
| · 416,667 CDIs/Shares acquired for £4,166.67. · 50,000 CDIs disposed of on market at $0.019 per CDI for total proceeds of $950.
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No. of securities held after change | · 1,861,765 Ordinary Shares/CDIs
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Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | · 416,667 unlisted options exercised at £0.01 per CDIs for 416,667 CDIs · 50,000 CDIs disposed of on market at $0.019 per CDI for total proceeds of $950.
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Part 2 - Change of director's interests in contracts
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.
Detail of contract |
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Nature of interest
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Name of registered holder (if issued securities)
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Date of change |
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No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
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Interest acquired |
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Interest disposed |
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Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
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Interest after change |
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Part 3 - +Closed period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? | No |
If so, was prior written clearance provided to allow the trade to proceed during this period? | N/A |
If prior written clearance was provided, on what date was this provided? | N/A |
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
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| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| Mark McGeough
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2
| Reason for the notification
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a)
| Position/status
| Non-Executive Director
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b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
| Name
| Thor Mining Plc | |||
b)
| LEI
| 213800WO61Y9GPALD478 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
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a)
| Description of the financial instrument, type of instrument | Ordinary shares of 0.01 pence each | |||
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Identification code | Ordinary share ISIN: GB00BD0NBV71 | ||||
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b)
| Nature of the transaction
| Issue of shares as a result of warrants exercised. | |||
.c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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Ordinary Shares |
| £0.01 (1 penny) | 416,667 |
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d)
| Aggregated information |
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- Aggregated volume | n/a
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- Price |
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e)
| Date of the transaction
| 2 December 2020 | |||
f) | Place of the transaction | Outside a trading venue | |||
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| Mark McGeough
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2
| Reason for the notification
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a)
| Position/status
| Non-Executive Director
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b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
| Name
| Thor Mining Plc | |||
b)
| LEI
| 213800WO61Y9GPALD478 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
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a)
| Description of the financial instrument, type of instrument | Ordinary shares of 0.01 pence each | |||
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Identification code | Ordinary share ISIN: GB00BD0NBV71 | ||||
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b)
| Nature of the transaction
| Disposal of Ordinary Shares. | |||
.c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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Ordinary Shares |
| A$0.019 (1.9 cents) | 50,000 |
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d)
| Aggregated information |
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- Aggregated volume | n/a
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- Price |
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e)
| Date of the transaction
| 26 November 2020 | |||
f) | Place of the transaction | ASX | |||