Thor Mining PLC Appendix 3Z (8469U)

TIDMTHR

RNS Number : 8469U

Thor Mining PLC

17 July 2018

Tuesday, 17 July 2018

THOR MINING PLC

("Thor" or the "Company")

Appendix 3Z

The Directors of Thor Mining PLC (AIM, ASX: THR) today released the following announcement on the Australian Securities Exchange ("ASX"), as required under the listing rules of the ASX.

Enquiries:

 
              Mick Billing                 [phone]                Thor Mining                  Executive 
                                                                            PLC                          Chairman 
              Ray Ridge                    [phone]                Thor Mining                  CFO/Company 
                                                                            PLC                           Secretary 
              Colin                         [phone]                 Grant                        Nominated 
              Aaronson/                           5100                      Thornton UK                  Adviser 
              Richard                                                       LLP 
              Tonthat 
              Nick Emerson                 [phone]                 SI Capital                   Broker 
                                                  500                       Ltd 
              Tim Blythe/                   [phone]                 Blytheweigh                  Financial PR 
              Camilla                             3222 
              Horsfall 
 

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 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 2015(1) suggested attractive returns.

Thor also holds 100% of the Pilot Mountain tungsten project in Nevada USA which has a JORC 2012 Indicated and Inferred Resources Estimate(2) on 2 of the 4 known deposits.

Thor is also acquiring up to a 60% interest Australian copper development company Environmental Copper Recovery SA Pty Ltd, which in turn holds rights to earn up to a 75% interest in the mineral rights and claims over the portion of the historic Kapunda copper mine in South Australia recoverable by way of in situ recovery.

Thor has a material interest in US Lithium Pty Limited, an Australian private company with a 100% interest in a Lithium project in Nevada, USA.

Finally, Thor also holds a production royalty entitlement from the Spring Hill Gold project(3) of:

-- A$6 per ounce of gold produced from the Spring Hill tenements where the gold produced is sold for up to A$1,500 per ounce; and

-- A$14 per ounce of gold produced from the Spring Hill tenements where the gold produced is sold for amounts over A$1,500 per ounce.

Notes

(1) Refer ASX and AIM announcement of 12 January 2015

(2) Refer AIM announcement of 22 May 2017 and ASX announcement of 23 May 2017

(3) Refer AIM announcement of 26 February 2016 and ASX announcement of 29 February 2016

Rule 3.19A.3

Appendix 3Z

Final 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 30/9/2001.

 
Name of entity Thor Mining PLC 
ABN 121 117 673 
 

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.

 
 Name of director                                         Paul Johnson 
 Date of last notice                                      13 June 2018 
                                            -------------------------- 
              Date that director ceased to                13 July 2018 
               be director 
                                            -------------------------- 
 

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

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.

 
 Number & class of securities 
  18,402,649 Ordinary Shares (AIM listed) 
 
  3,200,000 Unlisted Options, exercise price GBP0.0125, 
  expiry 1/10/18. 
 
  5,000,000 Unlisted options, exercise price 1.8 pence, 
  expiry 28/7/19. 
 
  3,000,000 Unlisted options, exercise price 1.8 pence, 
  expiry 31/3/20. 
 
  10,000,000 Unlisted Options, exercise price 1.5 pence, 
  expiry 02/11/20. 
 
  2,500,000 Unlisted options, exercise price 3.5625 pence, 
  expiry 07/06/21. 
 

Part 2 - Director's relevant interests in securities of which the director is not the registered holder

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.

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

 
              Name of holder & nature                     Number & class of securities 
               of interest                                 10,472,351 Ordinary Shares (AIM 
               Note: Provide details                       listed) 
               of the circumstances 
               giving rise to the relevant 
               interest                                    4,375,000 Ordinary Shares (AIM 
                                                           listed) 
                                                           3,125,000 Unlisted options, exercise 
               Mrs M Johnson (spouse)                      price 1.2 pence, expiry 29/11/18 
 
 
               Value Generation Limited 
               (a company 50% owned 
               by Mr P Johnson and 50% 
               owned by Mrs M Johnson) 
 

Part 3 - Director's interests in contracts

 
              Detail of contract            N/A 
              Nature of interest 
                                           ---- 
              Name of registered holder 
               (if issued securities) 
                                           ---- 
              No. and class of securities 
               to which interest relates 
                                           ---- 
 

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END

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July 17, 2018 02:00 ET (06:00 GMT)