If you would like to learn more about future focusIR related events and roundtables, please submit your details here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksThor Energy Regulatory News (THR)

Share Price Information for Thor Energy (THR)

Share Price is delayed by 15 minutes
Get Live Data
0.575    0.00 (0.00%)
Bid:
0.55
Ask:
0.60
Spread: 0.05 (9.091%)
Market Cap: £5.92m
THR Live PriceLast checked at - London Stock Exchange

Intraday Thor Energy Share Chart

Lithium Results at Big Sandy - Hawkstone Mining

19 Aug 2019 09:34

RNS Number : 4761J
Thor Mining PLC
19 August 2019
ย 

19 August 2019

ย 

FURTHER HIGH GRADE LITHIUM RESULTS AT BIG SANDY

HAWKSTONE MINING LIMITED

ย 

The Board of Thor Mining Plc ("Thor") (AIM, ASX: THR) is pleased to advise further positive drilling results at the Big Sandy Deposit in Arizona USA, by Hawkstone Mining Limited ("Hawkstone") (ASX: HWK).

Hawkstone, the 100% owner of the Big Sandy project, has released results from the final holes of its 37-hole Phase 2 diamond drill programme at its Big Sandy Lithium-Clay Project, located in Arizona USA on 14 August 2019.

ย 

Hawkstone Managing Director Paul Lloyd commented on the results released;

"Hawkstone's Big Sandy project has delivered exceptional results as the Company has successfully progressed through the 37-hole diamond drill program. High grade intercepts have continued, and the assay results from the last 3 diamond drill holes further demonstrate the significant potential of the Big Sandy project, and importantly, mineralisation remains open to the north, south and west. This is especially significant for drill hole DHQ32A located 100m to the west of the most north-westerly hole in the program DHQ3, as it shows the known mineralisation to continue to the west outside of the limits of the planned program and places the Company in a very strong position to significantly expand the resources through further drilling. The Company will now progress towards the expected compilation of its targeted maiden JORC Resource in late September 2019 and is currently in the process of appointing consultants to conduct a pre-feasibility study."

ย 

Thor holds 7,421,875 ordinary shares in Hawkstone (representing 1.075% of its issued share capital). Thor shall be allotted a further 7,812,500 ordinary shares in Hawkstone if Hawkstone reports, by September 2021, a mineral resource estimate, on the Big Sandy deposit, of at least 30 million tonnes at a grade of over 2,000ppm Lithium (Li), using a lower cutoff grade of 1,000ppm Li."

ย 

The latest Hawkstone announcement may be found on the ASX website via the following link:

https://www.asx.com.au/asxpdf/20190814/pdf/447gfj0bddy09l.pdf

Information about Hawkstone and its Big Sandy project can be found at Hawkstone's website:

http://hawkstonemining.com.au/.

ย 

Mr Mick Billing, Executive Chairman, commented:

"We welcome the additional positive news from the Big Sandy drilling program."

ย "The program continues to improve the prospects for Big Sandy and the value of our Hawkstone investment, and we look forward to the maiden resource estimate, scheduled for late September 2019, and also the forecast pre-feasibility study."

ย 

Enquiries:

Mick Billing

+61 (8) 7324 1935

Thor Mining PLC

Executiveย Chairman

Ray Ridge

+61 (8) 7324 1935

Thor Mining PLC

CFO/Company

Secretary

Colin Aaronson/

Richard Tonthat/ Ben Roberts

+44 (0) 207 383 5100

Grant Thornton UK LLPย 

Nominated Adviser

Nick Emerson

Claire Louise Noyce /

John Beresford-Peirse

ย 

+44 (0) 1483 413 500

+44 (0) 203 764 2341

SI Capital Ltd

Hybridan LLP

Joint Broker

Joint Broker

Tim Blythe/ Camilla Horsfall

+44 (0) 207 138 3222

Blytheweigh

Financial PR

ย 

Updatesย onย theย Company'sย activitiesย areย regularlyย postedย onย Thor'sย website ย www.thormining.com,ย which includesย aย facilityย toย registerย toย receiveย theseย updatesย byย email,ย andย onย theย Company'sย twitterย page @ThorMining.

ย 

Aboutย Thorย Miningย PLC

Thorย Miningย PLCย (AIM,ย ASX:ย THR)ย isย aย resourcesย companyย quotedย onย theย AIMย Marketย ofย theย Londonย Stock Exchange andย onย ASXย in Australia.

Thorย holdsย 100%ย ofย the advancedย Molyhil tungsten project in the Northernย Territory of Australia, forย which anย updated feasibility study inย August 2018ยนย suggestedย 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 depositยฒ.

Thorย alsoย holdsย 100%ย ofย theย Pilotย Mountainย tungstenย projectย inย Nevadaย USAย whichย hasย aย JORCย 2012 Indicated andย Inferredย Resources Estimateยณย onย 2ย ofย theย 4 knownย 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 โถ2018.

Thorย isย alsoย acquiringย upย toย aย 30%ย interestย Australianย copper developmentย companyย EnviroCopper Limited,ย whichย inย turnย holdsย rightsย toย earnย upย toย aย 75%ย interestย inย theย mineralย rights andย claims overย the resource on the portionย of the historic Kapundaย copperย mineย inย Southย Australia recoverableย by way ofย in situ recoveryโด, 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 ofย in situ recoveryโต.

Thorย hasย anย interestย inย Hawkstone Miningย Limited,ย anย Australianย ASX listed company withย aย 100%ย Interest inย a Lithiumย projectย in Arizona, USA.

Finally,ย Thorย also holdsย a productionย royalty entitlementย fromย theย Springย Hillย Goldย projectโถย of:

โ€ข ย A$6ย perย ounceย ofย goldย producedย fromย theย Springย Hillย tenements,ย soldย forย up to A$1,500ย /oz;ย and

โ€ข ย A$14ย perย ounceย ofย goldย producedย fromย theย Springย Hillย tenements, soldย for amountsย overย A$1,500ย /oz.

Notes

ยนย Referย ASXย andย AIMย announcementย ofย 23ย Augustย 2018

ยฒ Referย ASXย andย AIMย announcementย ofย 26ย Novemberย 2018

ยณย Referย AIMย announcementย ofย 13 December 2018ย andย ASXย announcementย ofย 14 December 2018

โดย Referย AIMย announcementย ofย 10ย Februaryย 2016ย andย ASXย announcementย ofย 12ย Februaryย 2018

โตRefer AIMย announcementย of 5ย Marchย 2019ย andย ASXย announcementย ofย 6 Marchย 2019

ย โถReferย AIMย announcementย ofย 26ย Februaryย 2016ย andย ASXย announcementย ofย 29ย Februaryย 2016

ย 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
ย 
END
ย 
ย 
DRLSFSSAUFUSEDA
Date   Source Headline
24th Jun 20267:00 amRNSAward of Major 2D Seismic Acquisition Contract
9th Jun 20267:00 amRNSRecords up to 3% Natural Hydrogen at HY-Range
5th Jun 20264:00 pmRNSHolding(s) in Company
29th Apr 20267:00 amRNSQ1 2026 Quarterly Activities and Cash Flow Report
17th Mar 20267:00 amRNSCompletion of HY-Range Phase 2 Geochemical Survey
16th Mar 202611:30 amRNSHalf-year Report for the 6 months ending 31 Dec 25
3rd Mar 20267:00 amRNSThor Energy Plc to Appoint Director to ECL Board
20th Feb 20268:00 amRNSAward of Two New Prospective Licence Applications
30th Jan 20267:00 amRNSQuarterly Activities and Cash Flow Report Q4 2025
19th Jan 20267:00 amRNSMolyhil Update - A$2,250,000 Payment Received
18th Dec 20257:00 amRNSHY-Range Seismic, Geochemistry & Portfolio Update
9th Dec 202512:27 pmRNSDirector/PDMR Shareholding
13th Nov 20257:00 amRNS-RThor Energy to Present at H-NAT Paris Conference
11th Nov 20251:20 pmRNSResult of AGM
31st Oct 20257:00 amRNSQuarterly Activities and Cash Flow Report
27th Oct 20257:00 amRNSExternal Investment into EnviroCopper Limited
23rd Oct 20257:00 amRNSBinding Agreement Signed with DISA Technologies
17th Oct 20257:00 amRNSNotice of AGM
29th Sep 20257:00 amRNSResults for the year ended 30 June 2025
16th Sep 20257:00 amRNSTerm Sheet to sell FRAM JV to Tivan for A$8.75m
15th Sep 20257:00 amRNSASX Trading Halt
4th Sep 20257:00 amRNSTerm Sheet to Treat Colorado Project with DISA
13th Aug 20257:00 amRNSCompletion of Sale of 75% interest in US Uranium
30th Jul 20257:00 amRNSQuarterly Activities and Cash Flow Report
29th Jul 20258:57 amRNSIssue of Equity
25th Jul 20257:00 amRNSTerm Sheet to Sell 75% of US Uranium Claims
7th Jul 20257:00 amRNSOutstanding Geochemical Results at HY-Range
16th Jun 20257:00 amRNSGas Storage Exploration Licences - South Australia
29th May 20257:00 amRNS-RHydrogen/Helium Geochemical Survey Completed
29th Apr 20257:00 amRNSQuarterly Activities and Cash Flow Report
28th Apr 20257:00 amRNSHY-Range Exploration and Corporate Update
1st Apr 202512:00 pmRNS-RInvestor Webinar
31st Mar 20257:00 amRNSHY-Range Project Maiden Prospective Resource
14th Mar 20257:00 amRNSHalf-year report
13th Mar 20257:00 amRNSConversion of Petroleum Exploration Licence
25th Feb 20259:33 amRNSHolding(s) in Company
17th Feb 20257:00 amRNSCompletion of Acquisition and TVR
5th Feb 20257:00 amRNSAppointment of Managing Director
28th Jan 20257:00 amRNSQuarterly Activities and Cash Flow Report
27th Jan 20253:00 pmRNSHolding(s) in Company
9th Dec 20247:00 amRNSUranium Drilling
4th Dec 20247:00 amRNSDirectorate Change & Company Secretary Appointment
28th Nov 20243:15 pmRNSResult of AGM and Total Voting Rights
25th Nov 20247:00 amRNSResearch and Development Rebate and Fluorite Sale
1st Nov 20247:00 amRNSNotice of AGM
30th Oct 202411:13 amRNSHolding(s) in Company
30th Oct 20247:30 amRNSQuarterly Activities and Cash Flow Report
30th Oct 20247:00 amRNSAcquisition Announcement
28th Oct 20247:15 amRNSASX Trading Halt
25th Oct 20244:30 pmRNSEquity Fundraise and Non-binding Heads of Terms

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.