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As of 11:35 AM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

thor mining plc (THR) Snapshot

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Previous Close
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Day High
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Day Low
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52 Week High
01/29/14 - 0.31 GBp
52 Week Low
12/9/14 - 0.09 GBp
Market Cap
2.9M
Average Volume 10 Days
4.5M
EPS TTM
-0.0006 GBp
Shares Outstanding
3.1B
EX-Date
--
P/E TM
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Dividend
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Dividend Yield
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Current Stock Chart for THOR MINING PLC (THR)

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thor mining plc (THR) Details

Thor Mining PLC, a mineral exploration and development company, explores for and develops precious and base metal properties in Australia. It explores for tungsten and molybdenum deposits, as well as gold. The company primarily holds interests in the Molyhil Tungsten-Molybdenum Project located in the Northern Territory of Australia. It also has interests in the Dundas Gold Project located in south-east of Norseman in Western Australia; and the Spring Hill Project located in the Northern Territory of Australia. In addition, the company holds interests in the Pilot Mountain tungsten project located in Nevada. Thor Mining PLC is based in London, the United Kingdom.

thor mining plc (THR) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: 112.0K GBP
Chief Financial Officer and Company Secretary
Total Annual Compensation: 16.0K GBP
Executive Director
Total Annual Compensation: 52.0K GBP
Exploration Manager
Total Annual Compensation: 119.0K GBP
Compensation as of Fiscal Year 2014.

thor mining plc (THR) Key Developments

Thor Mining PLC Provides Update on Pilot Mountain Tungsten Project Development Plan in Nevada, US

The Directors of Thor Mining PLC announced the Development Plan for the company's recently acquired Pilot Mountain tungsten project, in the US state of Nevada. The three stage development plan has been designed to optimise, develop and permit the existing Desert Scheelite resource and project Exploration Targets through to project development ready status. Tier 1 targets have demonstrated tungsten mineralisation based upon existing historic drill data generated largely by the Union Carbide Corporation in the 1970s. This data, however, is not adequate to support a resource estimate. Exploration Target values quoted above for Tier 1 areas have been derived from extrapolation of existing drill data. Tier 2 targets do not have demonstrated tungsten mineralisation but are deemed prospective as a function of favourable geology and proximity to areas of known mineralisation. Exploration Target values quoted above for Tier 2 areas have been derived by comparison with similar Tier 1 target areas and factored for relative size. Testing of Tier 2 targets will comprise part of the second stage of the development plan. The three stage development plan will comprise: confirmatory drilling of Tier 1 targets, enabling updated resource estimate including Garnet and Gunmetal deposits, initial scoping studies, and advancement of project permitting; expansion and infill of Tier 1 resource drilling and testing of Tier 2 targets, upgrade of resource estimates to enable initial assessment of reserves and continue project permitting, feasibility and associated studies; and completion of resource drilling and studies for reserve estimate and definitive feasibility study and project permitting.

Thor Mining PLC Announces Acquisition of the Pilot Mountain Tungsten Project

Thor Mining PLC announced completion of a significant step in the acquisition of the Pilot Mountain tungsten project, in the US state of Nevada, from Black Fire Minerals Limited. The Pilot Mountain project is situated in south-western Nevada approximately 200kms south of Reno. It comprises four deposits: Desert Scheelite, Gunmetal, Garnet and Good Hope. All are in close proximity (~3 kilometres) of each other and have been subjected to low-scale mining activities at various times during the 20th century.

Thor Mining Mulls Acquisitions

Thor Mining PLC (AIM:THR) is looking for acquisitions. Thor Mining PLC stated that it is Thor Mining PLC’s intention that funds received under the 10% Placement Facility will be used to supplement working capital requirements, for continued exploration and feasibility study expenditure on the Thor Mining PLC's current assets (including the Dundas and Spring Hill gold projects, the Pilot Mountain Tungsten Project, and the Molyhil Tungsten/Molybdenum Project), and undertake further transactions to acquire new assets or investments should the Directors determine this to be in the best interests of Thor Mining PLC.

 

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