REG - Thor Mining PLC - Issue of Warrants

Thor EnergyAnnouncement

25/06/2021 09:20

RNS Number : 1493D
  
Thor Mining PLC
  
25 June 2021
  
 

25 June 2021
 
THOR MINING PLC 
WARRANTS ISSUED
The directors of Thor Mining Plc ("Thor" or the "Company") (AIM, ASX: THR) advise of the granting of 6,000,000 unlisted warrants to a service provider as part payment for public relations services provided in the United States of America.
The warrants vest at the rate of 1,000,000 warrants per month, with the first 1,000,000 vesting on 4 July 2021. The warrants have an exercise price of US$0.0175 and expire 4 December 2022.
- Ends  -
For further information on the Company, please visit www.thormining.com or contact the following: 



Thor Mining PLC








Mick Billing, Executive Chairman
Nicole Galloway Warland, Managing Director
Ray Ridge, CFO / Company Secretary


Tel: +61 (8) 7324 1935
Tel: +61 (8) 7324 1935
Tel: +61 (8) 7324 1935














WH Ireland Limited (Nominated Adviser and Joint Broker)


Tel: +44 (0) 207 220 1666




Jessica Cave / Darshan Patel
Jasper Berry (Corporate Broking)


















SI Capital Limited (Joint Broker)


Tel: +44 (0) 1483 413 500




Nick Emerson


















Yellow Jersey (Financial PR)


thor@yellowjerseypr.com




Sarah Hollins / Henry Wilkinson


Tel: +44 (0) 20 3004 9512



 
 
 
Updates on the Company's activities 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; OTCQB: THORF) is a diversified resource company quoted on the AIM Market of the London Stock Exchange, ASX in Australia and OTCQB Market in the United States.
The Company is advancing its diversified portfolio of precious, base, energy and strategic metal projects across USA and Australia. Its focus is on progressing its copper, gold, uranium and vanadium projects, while seeking investment/JV opportunities to develop its tungsten assets.
Thor owns 100% of the Ragged Range Project, comprising 92 km2 of exploration licences with highly encouraging early stage gold and nickel results in the Pilbara region of Western Australia, for which drilling is planned in the first half of 2021.
At Alford East in South Australia, Thor is earning an 80% interest in copper deposits considered amenable to extraction via Insitu Recovery techniques (ISR). In January 2021, Thor announced an Inferred Mineral Resource Estimate of 177,000 tonnes contained copper & 71,000 oz gold¹.
                                                                                                                                                                                                                            
Thor also holds a 30% interest in Australian copper development company EnviroCopper Limited, which in turn holds rights to earn up to a 75% interest in the mineral rights and claims over the resource on the portion of the historic Kapunda copper mine and the Alford West copper project, both situated in South Australia and both considered amenable to recovery by way of ISR.²³
Thor holds 100% interest in two private companies with mineral claims in the US states of Colorado and Utah with historical high-grade uranium and vanadium drilling and production results.
Thor holds 100% of the advanced Molyhil tungsten project, including indicated and inferred resources⁴, in the Northern Territory of Australia, which was awarded Major Project Status by the Northern Territory government in July 2020.
Adjacent to Molyhil, at Bonya, Thor holds a 40% interest in deposits of tungsten, copper, and vanadium, including Inferred resource estimates for the Bonya copper deposit, and the White Violet and Samarkand tungsten deposits.⁵
Thor holds 100% of the Pilot Mountain tungsten project in Nevada, USA which has a JORC 2012 Indicated and Inferred Resources Estimate on 2 of the 4 known deposits.⁶
Notes
1 www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210127-maiden-copper.gold-estimate-alford-east-sa.pdf 
2 www.thormining.com/sites/thormining/media/pdf/asx-announcements/20172018/20180222-clarification-kapunda-copper-resource-estimate.pdf    
³ www.thormining.com/sites/thormining/media/aim-report/20190815-initial-copper-resource-estimate---moonta-project---rns---london-stock-exchange.pdf
 4 www.thormining.com/sites/thormining/media/pdf/asx-announcements/20191011-molyhil-mineral-resource-estimate-enhanced.pdf 
5 www.thormining.com/sites/thormining/media/pdf/asx-announcements/20200129-mineral-resource-estimates---bonya-tungsten--copper.pdf   
⁶ www.thormining.com/sites/thormining/media/pdf/asx-announcements/20162017/20170522-tungsten-resource-increase.pdf 
www.thormining.com/sites/thormining/media/pdf/asx-announcements/20182019/20181214-pilot-mountain-resource-update.pdf 
 

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