Business
QUARTERLY REPORT JULY TO SEPTEMBER 2018
QUARTERLY REPORT JULY TO SEPTEMBER 2018.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \nRNS Number : 8245F Thor Mining PLC 31 October 2018 \n\n31 October 2018\n \nTHOR MINING PLC\n(\"THOR\" OR THE \"COMPANY\")\nQUARTERLY REPORT JULY TO SEPTEMBER 2018\n \n\n\n\nHighlights\n\n\nOutlook for September Quarter 2018\n\n\n \n\n\n\n\nTUNGSTEN & MULTI COMMODITIES\n\n\n\n\n\n\n\nMolyhil, NT Australia\n· Completion of Definitive Feasibility Study upgrade with strong economics.\n· Completion of acquisition of 40% of Bonya project which hosts multiple outcropping tungsten deposits adjacent Molyhil.\n \n\n\n \n· Marketing activities to lock in off-take agreements for both tungsten and molybdenum concentrates.\n· Discussions with potential project financiers.\n· Drilling approval for Bonya deposits\n\n\n \n\n\n\n\nPilot Mountain, Nevada USA\n· Completion of Scoping Study indicating a potential 12 year life of mine. \n \n\n\n \n· Stage 2 of metallurgical testwork. \n· Environmental and Infrastructure studies\n \n\n\n \n\n\n\n\nCOPPER\nKapunda, SA Australia\n· Announcement of Australian Commonwealth Government research grant of A$2.85million.\n· Successful leach test outcomes on core samples.\n \n\n\n \n \n· Preparation for field pump testing.\n \n\n\n \n\n\n\n\n\n\n\n\n\n\nCORPORATE & FINANCE\nCash position remains sound with forecast activities fully financed well into 2019. \n \nCommenting, Mr Mick Billing, Executive Chairman of Thor Mining, said: \n\"A period of delivery, albeit there is still much more to do to achieve our goals.\"\n\"The Molyhil DFS upgrade, now completed, leads us to refocus on the next critical agenda items for this, our flagship project.\"\n\"We have intensified our efforts towards off-take & financing activities and we hope, during the coming months to announce progress towards these objectives.\"\n\"Additionally, securing equity in the nearby Bonya tenements, provides potential to increase both the life and the scale of Molyhil, while also providing exposure to very exciting copper and vanadium opportunities.\"\n\"The Pilot Mountain scoping study results are also very positive, and we now advance with c...