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MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Thor Mining Plc    THR   AU000000THR2

THOR MINING PLC

(THR)
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End-of-day quote. End-of-day quote AUSTRALIAN SECURITIES EXCHANGE LIMITED - 08/19
0.013 AUD   --.--%
08/15THOR MINING : Substantial Initial Copper Resource - Moonta Project
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08/14THOR MINING : A$222,000 R & D Receipt
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08/14THOR MINING : Receipt of R & D Grant
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Thor Mining : Lithium Results at Hawkstone's Big Sandy Deposit

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05/15/2019 | 08:53pm EDT

Regulatory Story

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Thor Mining PLC - THR Lithium Results at Hawkstone's Big Sandy Deposit

Released 12:16 15-May-2019

RNS Number : 1276Z

Thor Mining PLC

15 May 2019

15 May 2019

HIGH GRADE LITHIUM RESULTS AT BIG SANDY

HAWKSTONE MINING LIMITED

The Board of Thor Mining Plc ("Thor") (AIM, ASX: THR) is pleased to advise drilling results at the Big Sandy Deposit in Arizona USA by Hawkstone Mining Limited ("Hawkstone") (ASX: HWK).

Hawkstone has released results from the first 19 holes of its 37-hole Phase 2 diamond drill programme at its Big Sandy Lithium-Clay Project, located in Arizona USA. Further results are expected in the coming weeks. Hawkstone Managing Director Paul Lloyd comments "that Hawkstone is building real momentum towards esmang its maiden JORC compliant resource."

Thor holds 7,421,875 ordinary shares in Hawkstone (represenng 1.30% of its issued share capital), the 100% owner of the Big Sandy project.

The latest Hawkstone announcement may be found on the ASX website via the following link:

hps://www.asx.com.au/asxpdf/20190514/pdf/4452bl7w3448nk.pdf

Previous announcements may be found via the following links:

hps://www.asx.com.au/asxpdf/20190404/pdf/4441k6pgyl4jpt.pdf

hps://www.asx.com.au/asxpdf/20190429/pdf/444lphsg8psr4z.pdf

hps://www.asx.com.au/asxpdf/20190506/pdf/444vw0n3082w11.pdf

Informaon about Hawkstone and its Big Sandy project can be found at Hawkstone's website, hp://hawkstonemining.com.au/.

Mick Billing, Execuve Chairman, commented:

"We welcome this positive news from field work at Big Sandy noting that the drilling program is continuing with more news scheduled in the coming weeks."

"We look forward to the balance of the drilling results as the program continues to improve the value of our investment in Hawkstone."

The informaon contained within this announcement is deemed to constute inside informaon as spulated under the Market Abuse Regulaons (EU) No. 596/2014. Upon the publicaon of this announcement, this inside informaon is now considered to be in the public domain.

Enquiries:

+61

(8)

7324 1935

Thor Mining PLC

Execuve Chairman

Mick Billing

Ray Ridge

+61

(8)

7324 1935

Thor Mining PLC

CFO/Company

Secretary

Colin Aaronson/

+44

(0)

207 383 5100

Grant Thornton UK LLP

Nominated Adviser

Richard Tonthat/ Ben Roberts

Nick Emerson

+44

(0)

1483 413 500

SI Capital Ltd

Joint Broker

David Hignell / Rob Rees

+44

(0)

20 3470 0470

SP Angel Corporate Finance LLP Joint Broker

Tim Blythe/ Camilla Horsfall

+44

(0)

207 138 3222

Blytheweigh

Financial PR

Updates on the Company's acvities are regularly posted on Thor's website www.thormining.com, which

includes a facility to register to receive these updates by email, and on the Company's twitter page @ThorMining.

About Thor Mining PLC

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.

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 attracve returns.

Adjacent Molyhil, at Bonya, Thor holds a 40% interest in deposits of tungsten, copper, and vanadium, including an Inferred resource for the Bonya copper deposit².

Thor also holds 100% of the Pilot Mountain tungsten project in Nevada USA which has a JORC 2012 Indicated and Inferred Resources Estimate³ on 2 of the 4 known deposits. The US

Department of the Interior has confirmed that tungsten, the primary resource mineral at Pilot Mountain, has been included in the final list of Crical Minerals 2018.

Thor is also acquiring up to a 60% interest Australian copper development company Environmental Copper Recovery SA Pty

Ltd, which in turn holds rights to earn up to a 75% interest in the mineral rights and claims over the resource⁴ on the poron of the historic Kapunda copper mine in South Australia recoverable by way of in situ recovery.

Thor has an interest in Hawkstone Mining Limited, an Australian ASX listed company with a 100% Interest in a Lithium project in Arizona, USA.

Finally, Thor also holds a producon royalty entlement from the Spring Hill Gold project⁵ of:

A$6 per ounce of gold produced from the Spring Hill tenements where the gold produced is

sold for up to A$1,500 per ounce; and

A$14 per ounce of gold produced from the Spring Hill tenements where the gold produced is

sold for amounts over A$1,500 per ounce.

Notes

¹ Refer ASX and AIM announcement of 23 August 2018

² Refer ASX and AIM announcement of 26 November 2018

³ Refer AIM announcement of 13 December 2018 and ASX announcement of 14 December 2018

Refer AIM announcement of 10 February 2016 and ASX announcement of 12 February 2018

Refer AIM announcement of 26 February 2016 and ASX announcement of 29 February 2016

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.comor visit www.rns.com.

END

MSCSFLFFIFUSESI

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Lithium Results at Hawkstone's Big Sandy Deposit - RNS

Disclaimer

Thor Mining plc published this content on 15 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 May 2019 00:52:04 UTC

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NameTitle
Michael Robert Billing Executive Chairman & Chief Executive Officer
Ray Ridge Chief Financial Officer & Co-Secretary
David Edward Thomas Independent Non-Executive Director
Richard Simon Bradey Executive Director & Chief Exploration Geologist
Alastair James Middleton Non-Executive Director
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