Business
Spring Hill Royalty Update
Spring Hill Royalty Update.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1043F\n Thor Mining PLC\n 12 November 2020\n \n \n \n \n 12 November 2020\n \n \n \n \n \n THOR MINING PLC\n \n \n SPRING HILL ROYALTY SALE UPDATE\n \n \n \n \n \n The directors of Thor Mining Plc (\"Thor\" or the \"Company\") (AIM, ASX: THR) are pleased to advise that f\n urther to the announcement of 14 July 2020 of the sale of the Spring Hill royalty entitlement, the Company announces that while approval of the acquisition by Trident of the Spring Hill Royalty by Australia's Foreign Investment Review Board has not yet been received, it is expected shortly and the parties have agreed to extend the period during which completion can take place to 30 November 2020. \n \n \n A further announcement will be made as appropriate.\n \n The information contained 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.\n Enquiries:\n \n \n \n \n \n \n \n Mick Billing\n \n \n \n \n +61 (8) 7324 1935\n \n \n \n \n Thor Mining PLC\n \n \n \n \n Executive Chairman\n \n \n \n \n \n \n Ray Ridge\n \n \n \n \n +61 (8) 7324 1935\n \n \n \n \n Thor Mining PLC\n \n \n \n \n CFO/Company Secretary\n \n \n \n \n \n \n Samantha Harrison/Niall McDonald\n \n \n \n \n +44 (0) 207 383 5100\n \n \n \n \n Grant Thornton UK LLP \n \n \n \n \n Nominated Adviser\n \n \n \n \n \n \n Nick Emerson\n \n \n \n \n \n +44 (0) 1483 413 500\n \n \n \n \n SI Capital Ltd\n \n \n \n \n Broker\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n About Thor Mining PLC\n \n \n 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.\n \n \n Thor holds 100% of the advanced Molyhil tungsten project in the Northern Territory of Australia, for which an updated feasibility study in August 2018¹ suggested attractive returns.\n \n \n Adjacent Molyhil, at Bonya, Thor holds a 40% interest in deposits of tungsten, copper, and vanadium, including Inferred resource estimates for the Bonya copper deposit, and the White Violet and Samarkand tungsten deposits².\n \n \n Thor is also acquiring up to a 30% interest in Australian copper development c...