Thor Mining PLC Research and Marketing Update (0529L)
16 April 2018 - 9:57PM
UK Regulatory
TIDMTHR
RNS Number : 0529L
Thor Mining PLC
16 April 2018
16 April 2018
THOR MINING PLC
Research and Marketing Update
The Board of Thor Mining Plc ("Thor" or the "Company") (AIM,
ASX: THR), is pleased to provide an update confirming the release
of a Research Note initiating coverage on the Company and also to
advise of upcoming investor events in which the Company is
participating.
Research Note
Hallgarten & Company have today released an Initiation of
Coverage Note in respect of Thor Mining providing a 12 month Price
Target of A$0.13 (GBP0.074p / 7.4p at current exchange rate).
A copy of this Note may be viewed through the following
link:
http://www.thormining.com/-/thor/lib/docs/researchreport/Thor_April2018%20Hallgarten.pdf
Share Talk Investor Evening (19 April 2018)
Starting at 5.30pm, this event is held by Share Talk and takes
place at the Cote Brasserie, St Pauls 26 Ludgate Hill, London, EC4M
7DR.
Investors wishing to find out more or book please follow the
link below:
https://www.eventbrite.co.uk/e/thor-mining-plc-metalnrg-plc-african-battery-metals-plc-legendary-investments-plc-tickets-44832242444
UK Investor Show (21 April 2018)
Starting at 8.30am Thor Mining will have a stand at the UK
Investor Show 2018 and will be undertaking a further presentation
to investors at this event. The show is being held at the Queen
Elizabeth II Conference Centre, Broad Sanctuary, Westminster, SW1P
3EE.
Investors wishing to find out more or book please follow the
link below:
https://www.ukinvestorshow.com/
Enquiries:
Mick Billing +61 (8) 7324 1935 Thor Mining PLC Executive Chairman
Ray Ridge +61 (8) 7324 1935 Thor Mining PLC CFO/Company
Secretary
Colin Aaronson/ +44 (0) 207 383 Grant Thornton UK Nominated Adviser
Richard Tonthat 5100 LLP
Nick Emerson +44 (0) 1483 413 SI Capital Ltd Broker
500
Tim Blythe/ Camilla +44 (0) 207 138 Blytheweigh Financial PR
Horsfall 3222
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:LON) 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(1) suggested attractive returns. Thor also holds 100%
of the Pilot Mountain tungsten project in Nevada USA which has a
JORC 2012 Indicated Resources Estimate(2) on 2 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(3) 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 12 January 2015
-- (2) Refer AIM announcement of 22 May 2017 and ASX announcement of 23 May 2017
-- (3) Refer AIM announcement of 26 February 2016 and ASX announcement of 29 February 2016
This information is provided by RNS
The company news service from the London Stock Exchange
END
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