Thor Mining PLC Appointment of Joint Broker (8906W)

TIDMTHR

RNS Number : 8906W

Thor Mining PLC

06 August 2018

6 August 2018

THOR MINING PLC

Appointment of Joint Broker

The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM, ASX: THR) are pleased to advise the appointment of Northland Capital Partners Limited (Northland) as joint broker to the Company alongside SI Capital Ltd.

Mr Mick Billing, Executive Chairman, commented:

"We are delighted to renew our relationship with Northland. While we have no near term plans for capital raising, the strength of the additional broking support and research capability Northland bring will be a welcome boost".

The information communicated 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         [phone]  Thor Mining PLC    Executive Chairman 
Ray Ridge            [phone]  Thor Mining PLC    CFO/Company 
                                                            Secretary 
Colin Aaronson/      [phone]    Grant Thornton UK  Nominated Adviser 
 Richard Tonthat/     5100               LLP 
 Ben Roberts 
Nick Emerson         [phone]   SI Capital Ltd     Joint Broker 
                      500 
David Hignell        [phone]     Northland Capital  Joint Broker 
 / Rob Rees /         6625               Partners Limited 
 Isabella Pierre 
Tim Blythe/ Camilla  [phone]    Blytheweigh        Financial PR 
 Horsfall             3222 
 

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 (AIM, ASX: THR) 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. 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 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 resource(3) on the portion of the historic Kapunda copper mine in South Australia recoverable by way of in situ recovery.

Thor has a material interest in USA 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 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 and ASX announcements of 12 February 2018 
   --     Refer AIM announcements of 26 February 2016 and ASX announcement of 29 February 2016. 

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August 06, 2018 02:01 ET (06:01 GMT)