They'll be able to drill more there, expect a placing soon. |
So basically 600 ft down through rock they get a strike Well that's staying there. |
Chart showing Major double bottom, should start to move!. |
New interview with Nicole Galloway Warland by Share Talk,where she discusses the latest news on their projects https://www.share-talk.com/thor-mining-plc-asxaimthr-nicole-galloway-warland-managing-director-interview/ |
Massive results.We test soon 1p+. |
Turnaround at last lithium 0.2 |
Dig and Sell - Tip You can get the ASX announcements from here:
They are usually much better format than the LSE ones and the quarterly reports are also available as they have to be produced on ASX. |
Got it now, thanks. Posted in their ASX Announcements section, but not in the AIM Announcements. The fact that they make such simple things complicated tells me a lot... |
Thanks. I hadn't seen that one. Clearly Thor's own website isn't the most up-to-date source of information about...Thor :) |
You've missed the fact that they have totally screwed up at Ragged Range, pretty much no gold found after all this time. As for Pilot Mountain, it was pretty much given away, the transaction seems dodgy to me anyway given the potential conflict of interest with one of the directors. Also, seems to me that Nicole was installed as a puppet. Honeymoon period well and truly over. |
It’s the drilling result rns today…low grades and poor progress |
Pilot Mountain sale RNS on 24 Jan looks like a fairly trivial change to the Tail Benefit clause. The rest of the Contract of Sale is unchanged. Not enough there to drive a 20% fall in share price What have I missed?! |
RNS
ASX Trading Halt
The Directors of Thor Mining plc ("the Company") advise that trading in the shares of the Company have been halted on the Australian Securities Exchange ("ASX") effective from Monday 13 December 2021, in accordance with ASX Listing Rule 7.1 and 7.1A, in order to undertake a capital raising. Trading in the Company on AIM is unaffected.
The ASX trading halt will remain in place until the earlier of the commencement of trading on Wednesday 15 December 2021 or the release of an announcement by the Company. |
RNS
Commencement of Copper Recovery Trials
Kapunda Copper ISR Project, South Australia
The directors of Thor Mining Plc ("Thor") (AIM, ASX: THR, OTCQB: THORF) are pleased to advise that a tracer test and in-situ lixiviant trials have commenced at the Kapunda Copper ISR Project in South Australia. |
I think they've had long enough, they need to start making money. |
how come mcap still low despite progress is various assets. when THR going to ramp up its PR ? |
The ceo is a bloke..each to their own |
Extra cash and sellable pow shares is good on what would have been an expensive cost this now pays for uranium project permits to come at last in Dec.
What the ceo needs is a damn good shag to get her going imo |
How can this be a good deal for Thor ? Surely they have spent $ millions on Pilot Mountain, to dispose of it for such a measly sum which does not even include full cash payment ??
Deals like this demean the sector and destroy value. |
 Pilot Mountain Project Sale - Option Exercised for $1.8m
The directors of Thor Mining Plc ("Thor") (AIM, ASX: THR, OTCQB: THORF) are pleased to advise that Power Metal Resources Plc ("Power Metal") (AIM: POW) has exercised the option to acquire 100% interest in Pilot Mountain Tungsten Project ("Pilot Mountain") in Nevada, USA for an agreed value of US$1.8 million.
HIGHLIGHTS
-- Power Metal Resources Plc and its wholly owned subsidiary Golden Metal Resources Ltd ("Golden Metal") have exercised their option (the "Option") to acquire a 100% interest in Pilot Mountain.
-- Power Metal will pay US$115,000 in cash to Thor Mining and US$1,650,000 payable through the issue to Thor of 48,118,920 Ordinary Shares at an issue price of 2.5 pence per share ("Initial Consideration Shares").
-- In addition, Power Metal will issue to Thor 12.5 million warrants to subscribe for Ordinary Shares with an exercise price of 4p per Ordinary Share and life to expiry of 3 years.
-- Furthermore, a US$500,000 milestone payment will become payable in Ordinary Shares, if Golden Metal publishes a JORC or 43-101 compliant resource at Pilot Mountain which increases against current declared levels by 25% across total indicated and inferred categories within two years.
-- Proceeds from the sale will be directed towards further exploration activities at the Company's copper and gold projects - Alford East, SA and Ragged Range, WA.
Nicole Galloway Warland, Managing Director of Thor Mining, commented:
"We are pleased to announce the completion of the due diligence process by Power Metals and its written confirmation to exercise the option to acquire the 100% of Pilot Mountain Project in Nevada, USA.
This strategic divestment will allow Thor to focus on our copper and gold projects and provide further capital to accelerate exploration activities, including RC drilling, at Ragged Range Project in the Pilbara WA and progress baseline studies for In-situ Recovery for copper and gold at Alford East Project, SA.
This sale is also the right mix of cash and shares to provide ongoing exposure to the Pilot Mountain Project." |
RNS today
Pilot Mountain, USA
* Thor have entered into a Sale Option Agreement with
Power Metal Resources PLC to divest project for an
agreed value of US1.8M |
Just realised that today is D-day for selling Pilot Mountain. Let's see if they've managed to f@ck that up too... |
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