Thor Mining PLC (LON:THR) has issued a quarterly update that highlighted a particularly busy period for the company, with “significant progress on a variety of projects”.
It comes as the company continues to advance its copper, uranium and vanadium, and tungsten assets in Australian.
In terms of financial highlights, the period included the raising of A$970,000 via a placing and a A$1mln sale agreement for the Spring Hill gold royalty.
Thor reveals positive results from Kapunda copper drilling
Thor executive chairman Mick Billing said: “Our ISR copper investments continue to develop value with excellent outcomes from testwork at Kapunda. We look forward to the next phase of work where we aim to confirm and extend known gold mineralisation, along with field SELT trials for further technical feasibility.”
“Our Pilbara gold project is moving forward following easing of COVID19 access restrictions, and we anticipate results from the current phase of work shortly. Our uranium and vanadium venture in the USA is exciting.
“We are pleased to have completed due diligence work, and we look forward to completing the acquisition, and proceeding with initial drilling,” he added.
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