Share Name Share Symbol Market Type Share ISIN Share Description
Thor Mining LSE:THR London Ordinary Share GB00B1DXJY95 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.025p 0.02p 0.03p 0.025p 0.025p 0.025p 16,417,259 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.9 -0.0 - 1.22

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DateSubject
25/9/2016
09:20
Thor Mining Daily Update: Thor Mining is listed in the Mining sector of the London Stock Exchange with ticker THR. The last closing price for Thor Mining was 0.03p.
Thor Mining has a 4 week average price of 0.03p and a 12 week average price of 0.03p.
The 1 year high share price is 0.05p while the 1 year low share price is currently 0.02p.
There are currently 4,872,387,510 shares in issue and the average daily traded volume is 22,749,131 shares. The market capitalisation of Thor Mining is £1,218,096.88.
21/7/2015
09:14
bsg: I wonder if Mick can sleep at night. With this impressive share price drop.
09/7/2015
09:39
bsg: The Sim, lets hope so. Although, Mick did say in an interview that he'd do anything to fund the project(s). He obviously does not care about the share price. So I can see a lot more dilution to fund any actual project. So I think it will go down more. I reckon this will be a 10 billion share company soon.
03/7/2015
11:28
bsg: I think when we have a share consolidation, that will open the door to another 99% decline in share price.
16/6/2015
19:27
richgold1971: I agree, if funding for mollyhill was forthcoming, they would have hold off on placement. The share price will not rise on any drilling results, as the BOD has lost the trust of shareholders by diluting the f@&! Out of their shares for 3 years
07/4/2015
12:14
buywell2: Tungsten chart in the header is out of date Prices have dropped lots hTTp://www.asianmetal.com/TungstenPrice/Tungsten.html Loverat 7 Jan'14 - 15:07 - 1 of 634 0 0 Nice rise. Been watching this for a while. Two recent previous bits of excellent news and more to come IMO. Share price knocked back down on PIs selling piddly amounts. Will update header later.
12/1/2015
07:20
lyceeuk: getting closer to pay day . Thor Mining PLC UPGRADED MOLYHIL FEASIBILITY STUDY Date : 12/01/2015 @ 07:00 Source : UK Regulatory (RNS & others) Stock : Thor Mining (THR) Quote : 0.095 0.0 (0.00%) @ 05:00 HOME » LSE » LSE » Thor Mining share price Thor Mining PLC UPGRADED MOLYHIL FEASIBILITY STUDY Print Alert TIDMTHR RNS Number : 7770B Thor Mining PLC 12 January 2015 12 January 2015 THOR MINING PLC Thor Mining PLC ("Thor" or the "Company") UPGRADED MOLYHIL FEASIBILITY STUDY IMPROVES FINANCIAL RETURNS AND CONFIRMS EARLY CAPITAL PAYBACK The Board of Thor Mining Plc ("Thor") (AIM, ASX: THR) is pleased to advise that a just completed upgraded Feasibility Study for the Company's wholly-owned Molyhil tungsten project in Australia's Northern Territory ("Molyhil") has confirmed that the project will deliver attractive financial returns as well as an early payback of the capital required for its development. Study Highlights -- Project payback period of 18 months after payment of royalties and taxation -- All equity Net Present Value (NPV) of A$67 million with an Internal Rate of Return (IRR) of 44%, after taxation & royalty payments. -- EBITDA of A$201 million -- Cash production cost of US$112/mtu concentrate compared with revenue of US$358/mtu -- Capital expenditure (CAPEX) of A$70 million (US$56 million) -- Six year mine life -- Simple open cut mining operation followed by standard mineral processing techniques -- Operation substantially permitted Next steps -- Secure project development finance agreements -- Detailed engineering studies -- Complete permitting Molyhil Feasibility Study Following the publication in July 2014 of an updated JORC 2012 compliant open cut ore reserve statement for Molyhil, Thor has completed the necessary mining and production schedules and capital and operating costestimates, and incorporated these results into the feasibility model, along with previously published parameters (refer attachment "A"), to produce an upgraded and attractive feasibility study outcome with a mining and processing operation over a 6 year life. The results of the study show: -- EBIT returns provide for 18 month payback period -- All equity Net Present Value (NPV) of A$67 million at a discount rate of 8% (A$53million @ 12% or A$80 million @ 5%) after tax and royalty payments -- All equity Internal Rate of Return (IRR) of 44% after tax and royalty payments -- Production cost of US$112/mtu concentrate (after deduction of molybdenum bi-product credits) compared with revenue of US$354/mtu -- Mine life of 6 years, derived from the updated open cut ore reserve statement published in July 2014 -- Capital expense of A$70 million (US$56 million) -- EBITDA of A$201million. The feasibility study has been prepared by Thor Mining PLC using data and information supplied by third party consultants and suppliers for key components, including: -- Resource estimates and open cut ore reserve statement; -- Mine planning; -- Capital and operating costs; -- Metallurgical processes and outcomes; -- Commodity prices and exchange rates; -- Environmental studies. Mining Mining is planned using conventional open cut mining methods; contract drill & blast, followed by owner operated excavation and haulage. An average pit slope of 48˚ currently provides for a waste to ore ratio of 5.2:1. There may be an opportunity to improve this ratio during operations and via targeted geo-technical drilling. The resource estimate extends below the level of the open cut ore reserve used in this study providing potential to extend the project life either by deepening the open pit, or via underground mining methods depending upon subsequent costs and metal prices. Processing Mineral processing involves: -- Two stage crushing to -55mm: -- X-Ray (XRT) ore sorting at two sizes -55mm to +25mm, and -25mm to +10mm -- Tertiary crushing -- Two stage grinding using a rod mill followed by a ball mill -- Three stage flotation circuit o Molybdenum flotation o Sulphide flotation o Scheelite flotation -- Concentrate dressing The revised process flowsheet involves replacing the previous scheelite gravity recovery method with flotation which has achieved substantial improvements in economic recovery and also in reducing levels of some deleterious elements in final concentrate compared with the original circuit. The scheelite concentrate dressing process which follows the flotation step has been tested but is not yet optimised. It is expected that this optimisation process will be completed during the detailed design phase. Project Infrastructure Molyhil is located 220 kilometres north-east of Alice Springs in Australia's Northern Territory. Access is via the Plenty Highway a partially sealed road off the Stuart Highway which connects Alice Springs and Darwin. The project will operate as a fly-in fly-out operation with provision for camp and electricity generation facilities provided in the cost estimates. The project has ample water from underground aquifers nearby. Product Off-take sale agreements In October 2013 Thor received a Letter of Intent from US based Global Tungsten & Powders (GTP) in respect of 70% to 75% of total tungsten concentrate production for the life of the proposed Molyhil operation. The Directors of Thor are working towards sales agreements for the balance of those concentrates and also for the molybdenum by-product concentrates. Next steps The next steps for the Molyhil project involve securing the balance of concentrate sales (off-take) agreements and finance for the project development, after which it is planned to commence detailed engineering studies, along with completion of the Mine Management Plan and onsite civil works in preparation for mine and process plant construction and development. Table 1. Molyhil Key Features Project NPV post A$67 million tax & Royalties Project IRR after 44% All Equity tax & royalties Case Project Capex A$70 million All Equity Case Life of Mine C1 US$112/mtu Cash Cost Life of Mine EBITDA A$201 million Payback from 1(st) 18 months production Project Life 6 years Average feed grade 0.31% WO 0.41% WO after ore sorting 0.12% Mo 0.12% Mo after ore sorting Operating throughput Crushing & Sorting 500,000 Milling/Flotation tpa After ore sorting etc 400,000 tpa Annual Production 130,000 Approximately 1.3% Average mtu * of global market * 1mtu = 10Kg of contained WO --------------------- -------------- ---------------------- Mr Mick Billing, Executive Chairman of Thor Mining: "The Molyhil project has taken a significant step forward with this enhanced feasibility study. The returns are very attractive, and cash flow available for debt servicing of 2.5 times project capital cost. Substantial work has been undertaken to improve costs and we believe that Molyhil has a very attractive cost structure and a low start-up capital expense. We do not underestimate the task in securing project finance, however we believe these upgraded project economic outcomes are compelling" Enquiries: Mick Billing +61 (8) 7324 Thor Mining Executive 1935 PLC Chairman Ray Ridge +61 (8) 7324 Thor Mining CFO/Company 1935 PLC Secretary Colin Aaronson/ +44 (0) 207 Grant Thornton Nominated Jamie Barklem 383 5100 UK LLP Adviser Andrew Monk/ +44 (0) 20 VSA Capital Broker Bhavesh Patel 3005 5000 Ltd Alex Walters +44 (0) 7771 Cadogan PR Financial 713608 PR +44 (0) 207 839 9260 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. Attachment A: Molyhil Feasibility Study Input Parameters 1. Mineral Resource estimate of 4.7 million tonnes averaging 0.28% WO(3) & 0.13% Mo in Indicated and Inferred categories 2. Open Cut Ore Reserve for the Molyhil deposit of 3.0 million tonnes averaging 0.31% WO(3) & 0.12% Mo categorised as Probable 3. Revenue factors: -- Revenue / mtu scheelite concentrate = US$354/mtu after concentrate discount -- Revenue / pound molybdenum concentrate = US$10.56 -- A$1.00 = US$0.77 over life of mine APT Tungsten 2015 2016 2017 2018+ Price Forecast * ------ ----- ----- ------ US$/mtu 471 481 446 466 * Source: Tungsten Market Research Ltd January 2014 4. Metallurgical recovery (post ore sorting) -- Tungsten = 85% -- Molybdenum = 77.8% 5. Capital cost = A$70 million 6. Operating Factors -- Mining waste to ore ratio = 5.2 : 1 -- Mining costs = A$19.35 / tonne ore milled -- Processing & admin costs = A$65 / tonne ore milled -- Ore Sort reject = 25% of ore crushed The Molyhil Mineral Resource is summarised in Table 2 Below: Table 2: Summary of Molyhil Mineral Resource Estimate: (Reported on 30 January 2014) Classification Resource WO(3) Mo Fe Tonnes Grade Tonnes Grade Tonnes Grade % % % ---------------- --------- ----- ------ ----- ------- ------ Indicated 3,820,000 0.29 10,900 0.13 4,970 18.8 Inferred 890,000 0.25 2,200 0.14 1,250 15.2 ---------------- --------- ----- ------ ----- ------- ------ Total 4,710,000 0.28 13,100 0.13 6,220 18.1 ---------------- --------- ----- ------ ----- ------- ------ Notes -- Compliant with JORC 2012 -- Thor Mining PLC holds 100% equity interest in this reserve. -- Mineral Resource reported at 0.1% combined Mo + WO(3) Cut-off and above 200mRL only. -- Minor rounding errors may occur in compiled totals. The Molyhil Open Cut Ore Reserve Statement is summarised in Table 3 below Table 3: Molyhil Open Cut Ore Reserve Statement (Reported on 29 July 2014) Classification Reserve WO(3) Mo '000 Tonnes Grade Tonnes Grade Tonnes % % ---------------- ------------ -------- --------- -------- ------- Probable 3,000 0.31 9,200 0.12 3,600 Total 3,000 0.31 9,200 0.12 3,600 ---------------- ------------ -------- --------- -------- ------- Notes: -- Compliant with JORC 2012 -- Thor Mining PLC holds 100% equity interest in this reserve. -- Estimate has been rounded to reflect accuracy. -- All estimates are on a dry tonne basis. -- The reserve estimate extends to a maximum depth below surface of 150 metres. This information is provided by RNS The company news service from the London Stock Exchange END MSCEAEFNESSSEFF
23/9/2014
11:33
ajlinton: 006, very much agree, BOD have cut costs, have 50% more life time than was anticipated at 2 years ago. Wo3 Prices are higher and only going to go higher from here. THR share price is almost certainly setting up for a huge bullish reversal and 0.23/24 is first stop on the way back towards 1p.
08/7/2014
00:12
saturdaygirl: 26/06/14 04:41 hawker1 Date: 05/07/14Time: 13:04:22Post #: 13616420IP: 60.224.xxx.xxx Sugardante, sorry to hear about your loss. If it's any consolation to you I'm down 97%! Whilst Thor was always a speculative investment, I bought pre-GFC based based upon their ground especially Molyhill. I appreciate that the last few years has been tough for junior explorers, however, those with good management teams have been able to hang in there and grow shareholder value. For me, Thor's strategy is just not clear with Minecraft Mick (MM) not being able to communicate a clear strategy to the market, shareholders, potential investors etc, so the share price just keeps plummeting. Indeed, we seem to be all over the place like a "dog's breakfast "...a bit of focus on "as good as its gets" Molyhill, then a bit of drilling and talking about mining at Springhill, Dundas and more recently the (dubious) purchase of Pilot Mountain from Blackfire Minerals. As an aside, I just can't understand why MM sold off Dundas for virtually nothing when SIR are currently drilling nearby and the area could possibly really hot up. Fair enough if someone wanted to pay us mega bucks for the tenenment, however, we gave it away. For me, Dundas was the only bit of potential life left in Thor I appreciate you want to avoid putting all your eggs in the one basket from a risk perspective and it's easy to be critical from outside the organisation. Nevertheless, MM needs clearly outline his strategy to the market and most importantly start to deliver. By any assessment, MM and the Thor board have failed, unless their KPI was increasing the number of THR shares on offer!!. What about reducing their salaries to decrease admin costs and/or tipping in some of their own $ as a show of confidence in the company, as other directors of small resources stock have been doing/are doing to get through the recent tough times The continually just around the corner Molyhill funding and near term mining is just vacuous marketing spin - the market knows it and potential equity investors know it. What's the defintion of insanity?...keep doing the same thing over and over again and expecting a different result. It's time to change a few things MM, the long suffering shareholders don't have much more to lose at 0.3 cents. Time for MM to step down and give some else a go. MM can focus on his video games at Blackfire. Unfortunately, based upon recent history, I can't see anything changing aside from a 0.1 cent share price and a share consolidation in the near future. I'd be happy to be proven wrong. Alas, Thor is just a tax loss for me now to offset against some capital gains.
13/9/2012
10:25
leedskier: The ASX did indeed issue a speeding ticket ... here is the company's response ... Attention Cameron Bill Dear Cameron, Thor Mining PLC ("THR or the Company") - Price Query. Thank you for your letter to discuss the movement in the THR share price and the increase in market volume. We respond to each of the questions listed in your letter. 1. The Company holds some incomplete information in respect of drill results at the Spring Hill project in the Northern Territory. Speculation about these results may explain the movement in the recent trading of securities of THR. 2. The company is not in a position to release that information and has requested a trading halt, due to expire on 17(th) September, at which time it will release that which is available. However the information available to be released is incomplete, does not contain all assays from any holes, and for one hole there are no assays yet available. 3. The Directors of THR have noted that the pricing of the Company quoted securities on The Australian Securities Exchange, and the Alternative Investment Market ("AIM") of the London Stock Exchange, has risen and offer that either or both of the following factors may also have influenced the price and volume of the THR securities:- -- Speculation concerning offtake and finance arrangements for the Molyhil Tungsten and Molybdenum Project, concerning which a definitive feasibility study (DFS) was released in June 2012. Discussions in respect of these arrangements are continuing and no announcement is imminent. -- An acknowledgement that securities in The Company have been "oversold" in recent weeks, with a natural movement towards a more fair price. 4. The company believes it is in compliance with the listing rules and in particular listing rule 3.1. Please contact me should the ASX require any further information. Yours Sincerely, Mick Billing
13/3/2012
08:07
shedjock: This from the ASX: Thor Mining PLC ("THR or the Company") – Price Query. Thank you for your letter to discuss the movement in the THR share price and the increase in market volume. We respond to each of the questions listed in your letter. 1. The Company is not aware of any information that has not been announced to the market which explains the movement in the recent trading of securities of THR. 2. The company is not in possession of any information requiring an announcement. 3. The Directors of THR have noted that the pricing of the Company quoted securities on The Australian Securities Exchange, and the Alternative Investment Market ("AIM") of the London Stock Exchange, has risen in the past few days and offer that either or both of the following factors may have influenced the price and volume of the THR securities:-  News that the Molyhil Tungsten and Molybdenum Project definitive feasibility study (DFS) is nearing completion (refer announcement to ASX dated 1st March 2012).  The ongoing strength of the quoted international price for tungsten (Reference Metal Pages.com) and its potential for a positive impact on the economics of the Molyhil project in Northern Territory. 4. The company believes it is in compliance with the listing rules and in particular listing rule 3.1. The Management and Directors of THR are not aware of any reasons to request a trading halt be implemented. THOR MINING PLC Registered Numbers: United Kingdom 05 276 414 Australia 121 117 673 Registered Office: Level 1 32 Richmond Road KESWICK, SA, 5035 Australia Ph: +61 8 7324 1935 Fx: +61 8 8351 5169 Email: corporate@thormining.com Website: www.thormining.com Enquiries: Mick Billing Executive Chairman Thor Mining PLC +61 8 7324 1935 Nominated Advisor Grant Thornton Corporate Advisory +44 (0) 20 7383 5100 ASX Listings: Shares: THR Options: THRO AIM Listings: Shares: THR Directors: Michael Billing Michael Ashton Gregory Durack Trevor Ireland Key Projects: • Molyhil (NT) Tungsten, Molybdenum • Dundas (WA) Gold • Spring Hill (NT) Gold Please contact me should the ASX require any further information. Yours Sincerely, Mick Billing Executive Chairman
Thor Mining share price data is direct from the London Stock Exchange
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