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Thor Mining Plc
Summary
| Project: | Bonya | |
|---|---|---|
| Deposit: | Bonya | |
| Location: | Australia | |
| Commodities: | Copper | |
| Date: | 11/26/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-11-2018: Thor Mining Plc announces a Resource Estimation report for its Bonya deposit at the Bonya project. Mineral resource estimate for the project. The Board of Thor Mining Plc (“Thor”) (AIM, ASX: THR) is pleased to announce the initial mineral res | |
| Resources: | (Resource, Inf.): 230000t @ 2.0% Cu | |
| CP/QP: | [Resources]: Graeme McDonald (Independent) | |
| ABSTRACT: | The Board of Thor Mining Plc (“Thor”) (AIM, ASX: THR) is pleased to announce the initial mineral resource estimate for the historic Bonya Copper Mine deposit within the Bonya tenement held jointly (THR; 40%) with Arafura Resources Limited (ARU; 60%) adjacent to the Molyhil mine project in the Northern Territory of Australia. The small but moderately high-grade copper resource is satellite to, and amenable for treatment in the proposed Molyhil process plant. Mick Billing, Executive Chairman, commented: “This small but high-grade copper resource will provide valuable supplementary mill feed to the Company’s nearby Molyhil process plant.” Our primary incentive to acquire an interest in the Bonya exploration licence was, and still remains, the tungsten deposits in the licence area, therefore this “free” copper resource could be considered a bonus” “The Molyhil processing plant design is amenable to the treatment of copper ores of this nature, without modification, and we expect this material will flow though the plant with no additional investment required, other than mining and haulage.” | |
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