Thor Mining PLC Updated Result of AGM (5605G)

TIDMTHR

RNS Number : 5605G

Thor Mining PLC

26 November 2020

26 November 2020

THOR MINING PLC

UPDATED RESULTS OF ANNUAL GENERAL MEETING

The Directors of Thor Mining Plc ("Thor" or "the Company") (AIM, ASX: THR) advises that the results of voting on the resolutions put to its Annual General Meeting, announced 25 November 2020, was in error, due to one valid proxy form that had not been processed. The updated voting results are provided below. The inclusion of the additional proxy form does not change the outcomes of any of the votes.

The updated proxy results for all resolutions were as follows:

 
 Resolution       For        Against     Discretion    Withheld 
                                           of the 
                                          Chairman 
     1        210,538,359      624,027        4,287    2,016,841 
             ------------  -----------  -----------  ----------- 
     2        206,320,476    5,714,982        6,447    1,141,609 
             ------------  -----------  -----------  ----------- 
     3        206,137,582      770,984        4,287    6,270,661 
             ------------  -----------  -----------  ----------- 
     4        205,239,576      737,504        4,287    7,202,147 
             ------------  -----------  -----------  ----------- 
     5        205,207,695    1,544,510        4,287    6,427,022 
             ------------  -----------  -----------  ----------- 
     6        203,621,157    7,229,384        4,287    2,328,686 
             ------------  -----------  -----------  ----------- 
     7        201,118,834   10,344,646        4,287    1,715,747 
             ------------  -----------  -----------  ----------- 
     8        149,111,468    6,698,240        4,287   57,369,519 
             ------------  -----------  -----------  ----------- 
     9        152,644,648      786,006        4,287    8,353,847 
             ------------  -----------  -----------  ----------- 
     10       210,073,892    1,013,190        4,287    2,092,145 
             ------------  -----------  -----------  ----------- 
 

Enquiries:

 
Mick Billing          +61 (8) 7324  Thor Mining PLC  Executive Chairman 
                        1935 
 Ray Ridge             +61 (8) 7324  Thor Mining PLC  CFO/Company Secretary 
                        1935 
 Colin Aaronson/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 C o m pan y 's activities are regular ly p o sted on Thor's we bsite w w w.th o r m i n i ng .c o m , which includes a facility to regi ster to receive these updates by email, and on the Co m pan y's twitter page @ThorMining.

Ab o u t T hor M i n i ng 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 August 2018 (1) suggested attractive returns.

Adjacent Molyhil, at Bonya, Thor holds a 40% interest in deposits of tungsten, copper, and vanadium, including an Inferred resource for the Bonya copper deposit (2) .

Thor is also acquiring up to a 30% interest Australian copper development company EnviroCopper Limited, which in turn holds rights to earn up to a 75% interest in the mineral rights and claims over the resource on the portion of the historic Kapunda copper mine in South Australia recoverable by way of in situ recovery , and also holds rights to earn a 75% interest in portion of the Moonta Copper project also in South Australia, and is considered amenable to recovery by way of in situ recovery .

Thor also holds 100% of the Pilot Mountain tungsten project in Nevada USA which has a JORC 2012 Indicated and Inferred Resources Estimate (3) 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.

At the 100% owned Ragged Range in the Pilbara region of Western Australia, Thor has exciting early stage results for which gold and nickel drilling is planned.

Thor holds mineral claims in the US states of Colorado and Utah with historical high-grade uranium and vanadium drilling and production results.

Notes

(1) Refer ASX and AIM announcement of 23 August 2018

(2) Refer ASX and AIM announcement of 26 November 2018

(3) Refer AIM announcement of 13 December 2018 and ASX announcement of 14 December 2018

Refer AIM announcement of 10 February 2018 and ASX announcement of 12 February 2018

Refer ASX and AIM announcement of 15 August 2019

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November 26, 2020 02:00 ET (07:00 GMT)