Date: Sep 26, 2018
Thor Mining has received ministerial approval to expand and acquire interests in tungsten, copper and vanadiumtenements adjacent to the company’s Molyhil mine in the Northern Territory.
Thor will acquire a 40 per cent stake in exploration licence EL29701, which hosts 13 outcropping tungsten, Bonya copper and Jervois vanadium-titanium deposits.
The Bonya tenements are in the highly prospective Eastern Aileron Province between the Jervois base metals deposits to the east and the Molyhil tungsten molybdenum deposit to the west.
Thor executive chairman Mick Billing said, “This is outstanding news for the Molyhil development. The potential to increase both the scale and the life of the proposed Molyhil operation is very exciting.
“The proximity of the Bonya deposits to Molyhil should add significantly to the projected economic returns, dovetailing with our commercialisation strategy for Molyhil.”
