- MiningMaven on:
Thor Mining: Thor Lengthens Stride in Pursuit of Producer Status
With established resources of tungsten and gold in the ground and significant potential to expand resources of both, dual listed Thor Mining (ASX/AIM:THR) is making significant strides towards producer status. Like many of its peers Thor has seen its desired rate of progress trimmed back by a market where funds have been difficult to raise for even the best of companies. But like its thoroughbred counterpart the stayer, Thor is resolute and persistent and displays the ability to put in the hard yards over distance, no matter how difficult the task.
With a positive DFS under its belt at the Molyhil Tungsten Project and a recently upgraded shallow depth resource of 450,000oz gold at the Spring Hill Gold Project, both of these projects possess realistic resource expansion potential. Whilst near term production remains the focus, the company also benefits from its exciting Dundas Gold and Nickel Project located within the increasingly sought after Albany-Fraser Province.