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Kapunda Research Grant
Kapunda Research Grant.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \nRNS Number : 0811W Thor Mining PLC 30 July 2018 \n\n30 July 2018\nTHOR MINING PLC\nAUSTRALIAN GOVERNMENT RESEARCH GRANT OF A$2.8million\nKAPUNDA PROJECT, SOUTH AUSTRALIA\nThe Board of Thor Mining Plc (\"Thor\" or the \"Company\") (AIM, ASX: THR), is pleased to announce details of a research grant awarded in respect of the Kapunda copper project.\nThe Australian Government Ministry for Science, Jobs and Innovation has offered Environmental Copper Recovery SA Pty Ltd (ECR) research funding of A$2,851,303, over a 30 month period, for the Kapunda In-Situ Copper and Gold Recovery Trial. \n \nHighlights\n· CRC-P (Cooperative Research Centre) Grant of A$2,851,303 for the Kapunda In-Situ Copper and Gold Recovery Trial;\n· Involvement of leading institutions of CSIRO (Commonwealth Scientific and Industrial Research Organisation) and Adelaide University;\n· Grant is research funding to cover costs in respect of demonstration of an In-Situ Recovery (ISR) process;\n· The ISR process is proposed for extraction of copper and potentially any gold from the Kapunda deposit;\n· The information gleaned from the ISR demonstration will prove useful to the potential development of multiple ISR amenable projects, several of which have been already identified by the ECR team.\n \nMick Billing, Executive Chairman, commented:\n\"This is a significant boost for the Kapunda project which is being funded by Thor. This grant funding will provide for acceleration of field work and other technical, environmental and social studies for the project while maintaining the contributions by Thor at sustainable levels.\"\n\"This grant provides substantial funding to complete studies, including a comprehensive field recovery trial designed to establish the technical viability, scale, and overall efficiencies of the project to feasibility study level.\"\n\"Importantly, also, ECR will be well placed from this work to identify and assess many other projects for which ISR may be an economic solution.\"\n\"We are keen to be at the forefront of investigations into the potential of this technology and can see significant economic benefits when applied to appropriate deposit types.\"\n\"Work on Thor's other key projects, the Molyhi...