REG - Thor Mining PLC - HOLDING(S) IN COMPANY <Origin Href="QuoteRef">THRL.L</Origin>

Thor EnergyAnnouncement

21/11/2017 10:10

RNS Number : 0980X
Thor Mining PLC
21 November 2017
21 November 2017
THOR MINING PLC
HOLDING(S) IN COMPANY
Thor Mining PLC ("Thor" or the "Company") (AIM, ASX: THR) was notified on 16 November 2017 by Metal Tiger plc (LON: MTR) that following the issue of 16,000,000 ordinary shares of 0.01p each in the capital of the Company ("Ordinary Shares") to Metal Tiger Plc, pursuant to the exercise of warrants, which were admitted to trading on the AIM market of the London Stock Exchange today, Metal Tiger Plc now has a beneficial interest in 50,400,000 Ordinary Shares in the Company, representing 9.77% of Thor's issued share capital.
Enquiries:
Mick Billing
+61 (8) 7324 1935
Thor Mining PLC
ExecutiveChairman
Ray Ridge
+61 (8) 7324 1935
Thor Mining PLC
CFO/Company
Secretary
Colin Aaronson/
Daniel Bush/
Richard Tonthat
+44 (0) 207 383 5100
Grant Thornton UK LLP
Nominated Adviser
Elliot Hance
+44 (0) 207382 8300
Beaufort Securities Limited
Joint Broker
Nick Emerson / Andy Thacker
+44 (0) 1483 413 500
SI Capital Ltd
Joint Broker
Tim Blythe/ Camilla Horsfall
+44 (0) 207 138 3222
Blytheweigh
Financial PR
Updates on the Company's activities are regularly posted on Thor's websitewww.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 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 2015 suggested attractive returns. Thor also holds 100% of the Pilot Mountain tungsten project in Nevada USA which has a JORC 2012 Indicated Resources Estimate on 1 of the 4 known deposits.
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 portion of the historic Kapunda copper mine in South Australia recoverable by way of in situ recovery.
Thor also holds a production royalty entitlement from the Spring Hill Gold project of:
 A$6perounceofgoldproducedfromtheSpringHilltenementswherethegoldproducedissoldforup 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 perounce.
Notes
 ReferASXandAIMannouncementof12January2015
 ReferAIMannouncementof22May2017andASXannouncementof23May2017
 Refer AIM announcement of 26 February 2016 and ASXannouncementof29February2016
 AtthedateofthisannouncementgoldistradingatapproximatelyA$1,630/oz

This information is provided by RNS
The company news service from the London Stock Exchange
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