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Resources business Thor Mining’s flagship asset is its 100pc owned Molyhil tungsten project in the northern territory of Australia. A feasibility study for the advanced project gave it total project revenue of more than A$500m over a seven-year mine life, an NPV(5) of $101m, and an internal rate of return of 59pc.

Adjacent to Molyhil, Thor owns a 40pc stake in Bonya, which contains deposits of tungsten, copper, and vanadium. It is also acquiring up to 60pc of Australian copper development business Environmental Copper Recovery (ECR). ECR, in turn, holds right to earn up to a 75pc stake in the mineral rights and claims over a resource on a portion of the historic Kapunda copper mine in South Australia.

Outside of Australia, Thor owns 100pc of the Pilot Mountain tungsten project. This is based in Nevada, USA, where tungsten has been defined as a critical mineral. Pilot Mountain has a JORC indicated and inferred resource estimate for two of its four known deposits. Finally, the company has an interest in ASX-listed Hawkstone Mining, which owns a lithium project in Arizona.

Thor Mining’s (LSE:THR) Molyhil project is known for being one of the Western world’s higher-grade open tungsten and molybdenum projects. However, a prospectus released back in August 2006 suggest...

On Tuesday, Thor Mining (LSE:THR) announced expectation-beating drilling results from the Bonya tungsten deposits in Australia. The drilling campaign consisted of around 2,500 metres of Reverse Circul...

Thor Mining (LSE:THR) enjoyed a 6pc rise to 0.8p a share on Tuesday morning after announcing the commissioning of a resource estimate at its part-held Moonta copper project in South Australia. Moonta ...

Thor Mining (LSE:THR) inched up 1.8pc to 0.8p on Tuesday morning after announcing the successful recovery of gold from its Kapunda copper project. In what was described as an ‘unexpected bonus’ by...

Thor Mining (LSE:THR) was sitting at 1p on Friday morning after re-iterating the substantial progress made across its portfolio in H2 2018. During the period, the firm completed an upgraded definitiv...

Thor Mining (LSE:THR) rose 3.9pc to 1.4p on Monday morning after revealing strong sampling results at what it expects to be the first of a series of satellite tungsten and copper deposits in Australia...

Thor Mining (LSE:THR) announced today that proof of concept has been established for In-situ Recovery of copper at the Kapunda Copper Project. The company has the right to earn-in to a 45% effective i...

Thor Mining (LSE:THR) announced an increased mineral resource estimate at its Pilot Mountain project in Nevada, USA on Thursday. The company owns 100% of the Tungsten project and reports a 6.5% increa...

Thor Mining (LSE:THR) has risen from 1.6p to 2.2p this month, boosted largely by the news that it has taken on a corporate adviser to help it secure financing with interested firms at its Molyhil tung...