TIDMTHR
RNS Number : 8293N
Thor Mining PLC
04 October 2021
4 October 2021
THOR MINING PLC
Board Change
The directors of Thor Mining Plc ("Thor" or the "Company") (AIM,
ASX: THR, OTCQB: THORF) are pleased to announce the appointment of
Mr Alastair Clayton as a Non-Executive Director with immediate
effect.
Mr Clayton has over 25 years' experience in in the mining and
exploration industry, identifying, financing and developing
mineral, energy and materials processing projects in Australia,
Europe and Africa. He is a qualified geologist, having obtained a
BSc (Hons) Geology from the University of Western Australia, and
holds a Graduate Diploma in Finance and Economics from the
Securities Institute of Australia.
Mr Clayton, who is based in London, has considerable experience
with both ASX and AIM listed companies, notably as a Director of
then ASX100 component Extract Resources Ltd, representing Kalahari
Minerals PLC, in the GBP1.25B takeover by CGNPC to secure the Husab
Uranium project in 2012 . He is currently Executive Director at
Artemis Resources Limited (ASX:ARV).
Nicole Galloway Warland, Managing Director of Thor Mining,
commented:
"We are pleased to announce the appointment of Alastair as a
Non-Executive Director of Thor. His commercial experience will
strengthen Thor's Board, and I look forward to working with him as
we continue to progress our exciting portfolio of projects."
Alastair Clayton, Non-Executive Director of Thor Mining,
commented:
"I am looking forward to joining the Board of Thor and helping
to support Nicole and her team to grow its balance sheet by
advancing its excellent suite of projects. I believe my experience
in the international uranium sector and current work in the Pilbara
Gold sector with Artemis Resources in Australia is complimentary
with these aims."
Alastair Raoul Clayton, aged 49, does not own any shares in the
Company and has confirmed that there is no further information to
be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM
Rules.
A list of Mr Alastair Clayton current directorships and
partnerships together with those held within the last five years is
set out below:
Current appointments: Appointments within previous
5 years:
Artemis Resources Ltd Primorus Investments Plc (previous
name Stellar Resources PLC)
-----------------------------------
- Ends -
For further information on the Company, please visit
www.thormining.com or contact the following:
Thor Mining PLC
Nicole Galloway Warland, Managing Director Tel: +61 (8) 7324 1935
Ray Ridge, CFO / Company Secretary Tel: +61 (8) 7324 1935
WH Ireland Limited (Nominated Adviser Tel: +44 (0) 207 220 1666
and Joint Broker)
Jessica Cave / Darshan Patel
Jasper Berry (Corporate Broking)
SI Capital Limited (Joint Broker) Tel: +44 (0) 1483 413
500
Nick Emerson
Yellow Jersey (Financial PR) thor@yellowjerseypr.com
Sarah Hollins / Henry Wilkinson Tel: +44 (0) 20 3004 9512
This announcement contains inside information for the purposes
of Article 7 of the UK version of Regulation (EU) No 596/2014 which
is part of UK law by virtue of the European Union (Withdrawal) Act
2018, as amended ("MAR"). Upon the publication of this announcement
via a Regulatory Information Service, this inside information is
now considered to be in the public domain.
About Thor Mining PLC
Thor Mining PLC (AIM, ASX: THR; OTCQB: THORF) is a diversified
resource company quoted on the AIM Market of the London Stock
Exchange, ASX in Australia and OTCQB Market in the United
States.
The Company is advancing its diversified portfolio of precious,
base, energy and strategic metal projects across USA and Australia.
Its focus is on progressing its copper, gold, uranium and vanadium
projects, while seeking investment/JV opportunities to develop its
tungsten assets.
Thor owns 100% of the Ragged Range Project, comprising 92 km(2)
of exploration licences with highly encouraging early stage gold
and nickel results in the Pilbara region of Western Australia, for
which drilling is scheduled in last quarter of 2021.
At Alford East in South Australia, Thor is earning an 80%
interest in copper deposits considered amenable to extraction via
Insitu Recovery techniques (ISR). In January 2021, Thor announced
an Inferred Mineral Resource Estimate of 177,000 tonnes contained
copper & 71,000 oz gold(1).
Thor also holds a 30% interest in Australian copper development
company EnviroCopper Limited, which in turn holds rights to earn up
to a 75% interest in the mineral rights and claims over the
resource on the portion of the historic Kapunda copper mine and the
Alford West copper project, both situated in South Australia and
both considered amenable to recovery by way of ISR.(2)(3)
Thor holds 100% interest in two private companies with mineral
claims in the US states of Colorado and Utah with historical
high-grade uranium and vanadium drilling and production
results.
Thor holds 100% of the advanced Molyhil tungsten project,
including indicated and inferred resources , in the Northern
Territory of Australia, which was awarded Major Project Status by
the Northern Territory government in July 2020.
Adjacent to Molyhil, at Bonya, Thor holds a 40% interest in
deposits of tungsten, copper, and vanadium, including Inferred
resource estimates for the Bonya copper deposit, and the White
Violet and Samarkand tungsten deposits.
Thor holds 100% of the Pilot Mountain tungsten project in
Nevada, USA which is subject to a sale option agreement. (6)
Notes
(1)
www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210127-maiden-copper.gold-estimate-alford-east-sa.pdf
(2)
www.thormining.com/sites/thormining/media/pdf/asx-announcements/20172018/20180222-clarification-kapunda-copper-resource-estimate.pdf
(3)
www.thormining.com/sites/thormining/media/aim-report/20190815-initial-copper-resource-estimate---moonta-project---rns---london-stock-exchange.pdf
(4)
www.thormining.com/sites/thormining/media/pdf/asx-announcements/20191011-molyhil-mineral-resource-estimate-enhanced.pdf
(5)
www.thormining.com/sites/thormining/media/pdf/asx-announcements/20200129-mineral-resource-estimates---bonya-tungsten--copper.pdf
http://www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210901-pilot-mountain-project-us1.8m-sale-option.pdf
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END
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October 04, 2021 02:00 ET (06:00 GMT)
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