TIDMTHR

RNS Number : 5275K

Thor Mining PLC

02 September 2021

2 September 2021

Thor Mining PLC

Director Resignation

The directors of Thor Mining Plc ("Thor") (AIM, ASX: THR, OTCQB: THORF) advise that Mick Billing, Executive Chairman has tendered his resignation from the Company with immediate effect.

The Board would like to take this opportunity to thank Mick for his involvement as a Director and significant shareholder, and we wish him well with his future endeavours.

Nicole Galloway Warland, Managing Director of Thor Mining, commented:

"Mick Billing has been very influential in the strategic direction of Thor Mining over a period of more than 13 years with the Company, and we have greatly appreciated his significant contribution. We wish Mick well in his retirement from the Board and his pursuit of his personal and business interests."

This announcement is authorised for release to the market by the Board of Directors.

 
 
 

- 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 
  and Joint Broker)                            1666 
 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 Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

Updates on the Company's activities are regularly posted on Thor's website www.thormining.com , which includes a facility to register to receive these updates by email, and on the Company's twitter page @ThorMining.

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 planned in the first half of 2021.

At Alford East in South Australia, Thor is earning an 80% interest in copper deposits considered amenable to extraction via In Situ 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.

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

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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September 02, 2021 03:05 ET (07:05 GMT)

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