Business
QUARTERLY REPORT JULY TO SEPTEMBER 2017
QUARTERLY REPORT JULY TO SEPTEMBER 2017.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \nRNS Number : 2160V Thor Mining PLC 01 November 2017 \n\n1 November 2017\n \nTHOR MINING PLC\n(\"THOR\" OR THE \"COMPANY\")\nQUARTERLY REPORT JULY TO SEPTEMBER 2017\n \n\n\n\n\nHighlights\n\n\nOutlook for December Quarter 2017\n\n\n\n\nTUNGSTEN & MULTI COMMODITIES\n\n\n\n\n\n\n\nPilot Mountain, Nevada USA\n· Significant tungsten price increase.\n· Successful drilling campaign.\n· High grade mineralisation intersected at Good Hope.\n· Depth extension & confirmation of 2nd zone of mineralisation at Desert Scheelite.\n \n\n\n \n· Transition from exploration mode to commercialisation activities of scoping, feasibility, and partner engagement.\n \n\n\n\n\nMolyhil, NT Australia\n· Uptick in tungsten price fuels development interest from potential development partners. \n· Positive results from sorting low grade ore enhances potential to add low grade ore to the mining plan.\n \n\n\n \n· Review Open Cut Ore Reserve with a view to a subsequent upgrade of the Molyhil Definitive Feasibility Study.\n\n\n\n\nCopper\nKapunda, SA Australia\n· Execution of agreement to earn equity interest. \n \n\n\n \n \n· Mineral resource estimate expected on portion of mineralisation amenable to insitu recovery techniques.\n \n\n\n\n\nLITHIUM/OTHER\nUS Lithium Investment\n· Due diligence activities undertaken\n \nOther opportunities\n· Due diligence underway in respect of opportunities in Pilbara region (Lithium/Gold)\n\n\n \n \n· Maintain 25% project interest and assess related Lithium project opportunities.\n \n· Continuing due diligence to identify low cost exposure to Australian Lithium/Gold opportunities in the Pilbara region\n\n\n\n\n \nFINANCE\n· In July 2017, the Company completed a share placement to sophisticated investors to raise £460,000 before expenses, following approval at a general meeting of shareholders.\n· In October 2017, the Company announced a share placement to sophi...