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Thor Mining Plc

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Summary

Project:

Moonta

Deposit:Moonta
Location:Australia
Commodities:Copper-Gold
Date:8/15/2019
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:15-8-2019: Thor Mining Plc announces a Resource Estimation report for its Moonta deposit at the Moonta project. JV - Initial mineral resource estimate for project. The Board of Thor Mining Plc (“Thor” or the “Company”) (AIM, ASX: THR), is pleased to annou
Resources:(Resource, Inf.): 66.1Mt @ 0.17% Cu at Moonta
CP/QP:[Resources]: David Coventry (Mining Plus Pty Ltd.)
ABSTRACT:The Board of Thor Mining Plc (“Thor” or the “Company”) (AIM, ASX: THR), is pleased to announce an initial Mineral Resource Estimate (MRE) containing 114,000 tonnes of copper, considered amenable to In Situ Recovery techniques (“In Situ Recovery” or “ISR”), released 15 August 2019 by EnviroCopper Ltd. (“ECL”). Thor, as announced on 6 March 2019, is acquiring up to a 30% interest in EnviroCopper, which in turn is earning from Andromeda Metals Limited (ASX: ADN) up to a 75% interest in the mineral rights and claims over the northern portion of the Moonta exploration licence area (EL5984) in South Australia. EnviroCopper Ltd are also earning, from Terramin Australia Limited (ASX:TZN), 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 techniques Subject to full earn in Thor would therefore hold an effective 22.5% interest in each of the Moonta and Kapunda copper projects.

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