Thor Mining PLC Appointment of Director (0507V)

TIDMTHR

RNS Number : 0507V

Thor Mining PLC

04 August 2020

4 August 2020

THOR MINING PLC

APPOINTMENT OF DIRECTOR

The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM, ASX: THR) are pleased to announce that the Company has appointed Mr Mark McGeough to the Board as a Non-Executive Director with immediate effect.

Mr Mick Billing, Executive Chairman , commented:

"We are pleased to announce the appointment of Mark as a Non-Executive Director of Thor."

"Mark has an outstanding background as a geologist and manager of people and processes, and has a wealth of experience with commodities which are a particular focus for Thor, including copper, gold, molybdenum, and uranium, and we are very pleased to add his strengths to our team."

Background

Mark McGeough has worked with a number of Australian Mining Companies, including:

-- Chinova Resources Pty Ltd (formerly Ivanhoe Australia) where, as General Manager - Geology, provided corporate governance leadership, and led technical teams working on copper, gold, and molybdenum/rhenium resources

-- Toro Energy Limited where, as General manager Exploration, he was responsible for teams exploring for uranium in Australia and Namibia, including discovery of the Theseus Uranium deposit.

-- Prior to these roles, Mark worked as Manager - Geological Survey with the South Australian government department of Primary Industries and Resources, and with Mount Isa Mines, Xstrata Copper and Zinc

-- Mark McGeough graduated with a B.Sc Joint Honours in Geography and Geology from the University of London in 1976.

Mark Anthony McGeough, aged 65, has been a director of the following companies during the last five years:

 
           Current   Past 
           N/A       Chinova Resources Operations 
                      Pty Ltd 
                      Chinova Resources Cloncurry Mines 
                      Pty Ltd 
                      Chinova Resources Osborne Pty 
                      Ltd 
                      Chinova Resources Tennant Creek 
                      Pty Ltd 
 

Mr McGeough has no interests in the ordinary shares of the Company.

There is no further information that is required to be disclosed pursuant to Rule 17 and Schedule 2 paragraph (g) of the AIM Rules for Companies

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Enquiries:

 
Mick Billing             +61 (8) 7324  Thor Mining PLC  Executive Chairman 
                           1935 
 Ray Ridge                +61 (8) 7324  Thor Mining PLC  CFO/Company Secretary 
                           1935 
 Samantha Harrison/Niall  +44 (0) 207   Grant Thornton   Nominated Adviser 
  McDonald                 383 5100      UK LLP 
 Nick Emerson             +44 (0) 1483  SI Capital Ltd   Broker 
                           413 500 
 

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 P LC (AI M, A S X: THR) is a r esources comp any quoted on the AIM M a rket of the London Stock Exchange and on ASX in Austr alia.

Thor holds 1 0 0% of the ad v anced Molyhil t ungsten p r oject in t he No rthe rn T e rr ito ry of Aust r alia, for w hich an updated feasibility study in August 2018(1) suggest ed attr a ctive retur ns.

Adjacent Molyhil, at Bonya, Thor holds a 40% interest in deposits of tungsten, copper, and vanadium, including Inferred Resource estimates for the White Violet and Samarkand tungsten deposits and the Bonya copper deposit(2).

Thor a lso holds 1 0 0% of t he Pilot Mountain tungst en p roject in Nevada U SA which has a JORC 20 12 Indicated and Inferred Res o u rces Estimate(3) on 2 of the 4 k nown 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.

Thor holds a 25% in ter est Aust r alian copper d evelopment company EnviroCopper Limited (with rights to increase its interest to 30%). EnviroCopper Limited holds:

-- rights to earn up to a 7 5% interest in the mineral rights and claims over the resource on the p o rtion of the historic Kapunda copper mi ne in South Aust r alia considered recover able by way of in situ recove ry; and

-- rights to earn up to 75% of the Moonta copper project, also in South Australia comprising the northern portion of exploration licence EL5984 and includes a resource estimate for several deposits considered recover able by way of in situ recove ry .

N ot es

   (1) Refer  ASX and AIM an n o u ncement  of  23   August   2 0 18 
   (2) Refer  ASX and AIM an n o u ncements  of  26   November   2 0 18 and 29 January 2020 

(3) Refer AIM ann o un cement of 13 December 2018 and ASX ann o unce ment of 14 December 2018

Refer AIM a nn o un c e m e nt of 10 F e b r u ary 2 0 18 a nd ASX ann o uncement of 12 February 2 0 18

   Refer  ASX and AIM an n o u ncement  of  15 August   2 0 19 

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August 04, 2020 02:00 ET (06:00 GMT)