TIDMTHR
RNS Number : 5636I
Thor Mining PLC
02 April 2020
2 April 2020
THOR MINING PLC
Change of Director's Interest Notice
The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM,
ASX: THR) announced earlier today, as required under the listing
rules of the Australian Stock Exchange ("ASX"), a Change of
Director's Interest Notice relating to warrants that have
lapsed.
Enquiries:
Mick Billing +61 (8) 7324 Thor Mining PLC Executive Chairman
1935
Ray Ridge +61 (8) 7324 Thor Mining PLC CFO/Company
1935 Secretary
Colin Aaronson/ +44 (0) 207 383 Grant Thornton UK Nominated Adviser
Richard Tonthat/ Niall 5100 LLP
McDonald
Nick Emerson +44 (0) 1483 SI Capital Ltd Joint Broker
Claire Louise Noyce 413 500 Hybridan LLP Joint Broker
/ +44 (0) 203
John Beresford-Peirse 764 2341
Updates on the C o m pan y 's activities are regular ly p o sted
on Thor's we bsite w w w.th o r m i n i ng .c o m , which includes
a facility to regi ster to receive these updates by email, and on
the Co m pan y's twitter page @ThorMining.
Ab o u t T hor M i n i ng PLC
Thor Mining P LC (AI M, A S X: THR) is a r esources comp any
quoted on the AIM M a rket of the London Stock Exchange and on ASX
in Austr alia.
Thor holds 1 0 0% of the ad v anced Molyhil t ungsten p r oject
in t he No rthe rn T e rr ito ry of Aust r alia, for w hich an
updated feasibility study in August 2018(1) suggest ed attr a ctive
retur ns.
Adjacent Molyhil, at Bonya, Thor holds a 40% interest in
deposits of tungsten, copper, and vanadium, including Inferred
Resource estimates for the White Violet and Samarkand tungsten
deposits and the Bonya copper deposit (2).
Thor a lso holds 1 0 0% of t he Pilot Mountain tungst en p
roject in Nevada U SA which has a JORC 20 12 Indicated and Inferred
Res o u rces Estimate (3) on 2 of the 4 k nown deposits. The US
Department of the Interior has confirmed that tungsten, the primary
resource mineral at Pilot Mountain, has been included in the final
list of Critical Minerals 2018.
Thor holds a 25% in ter est Aust r alian copper d evelopment
company EnviroCopper Limited (with rights to increase its interest
to 30%). EnviroCopper Limited holds:
-- r ights to earn up to a 7 5% interest in the mineral rights
and claims over the resource on the p o r tion of the historic
Kapunda copper mi ne in South Aust r alia recover able by way of in
situ recove ry; and
-- rights to earn up to 75% of the Moonta copper project, also
in South Australia comprising the northern portion of exploration
licence EL5984 and includes a resource estimate for several
deposits.
Thor also holds a production royalty entitleme nt from t he S p
ring Hill Gold project of :
-- A$5.70 p er ounce of gold p rod uced from the S p ring Hill
te neme nts whe re the gold produced is sold for up to A$ 1,5 00
per ounce; and
-- A$13.30 p er ounce of gold p roduced from the S p ring Hill
tenements where the gold p roduced is sold for amounts over A $1 ,
5 00 per ounce.
N ot e s
(1) Refer ASX and AIM an n o u ncement of 23 August 2 0 18
(2) Refer ASX and AIM an n o u ncements of 26 November 2 0 18 and 29 January 2020
(3) Refer AIM ann o un cement of 13 December 2018 and ASX ann o
unce ment of 14 December 2018
Refer AIM a nn o un c e m e nt of 10 F e b r u ary 2 0 18 a nd
ASX ann o uncement of 12 February 2 0 18
Refer ASX and AIM an n o u ncement of 15 August 2 0 19
Refer AIM a nn o un c e m e nt of 26 F e b r u ary 2 0 16 a nd
ASX ann o uncement of 29 February 2 0 16
Rule 3.19A.2
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX
as soon as available. Information and documents given to ASX become
ASX's property and may be made public.
Introduced 30/9/2001.
Name of entity: Thor Mining PLC
ARBN: 121 117 673
We (the entity) give ASX the following information under listing
rule 3.19A.2 and as agent for the director for the purposes of
section 205G of the Corporations Act.
Name of Director Michael Robert Billing
Date of last notice 4 December 2019
-----------------------
Part 1 - Change of director's relevant interests in
securities
In the case of a trust, this includes interests in the trust
made available by the responsible entity of the trust
Direct or indirect interest Direct & Indirect
Nature of indirect interest Michael Billing is:
(including registered holder) * a trustee and beneficiary of the Lapun Kamap Super
Note: Provide details of Fund
the circumstances giving
rise to the relevant interest
. * a trustee and beneficiary of the Lapun Kamap BB Super
Fund
* a director and shareholder of MBB Trading Pty Ltd.
-------------------------------------------------------------------
Date of change 31 March 2020
-------------------------------------------------------------------
No. of securities held before
change - Direct * 6,173,340 CDIs
* 100,000 AIM listed Shares
* 3,000,000 Unlisted options, exercise price 1.8 pence,
expiry 31/3/20.
* 4,500,000 Unlisted options, exercise price 3.5625
pence, expiry 07/06/21.
-------------------------------------------------------------------
No. of securities held before Held by Mr M Billing and Mrs B Billing
change - Indirect as trustees and beneficiaries of
the Lapun Kamap Super Fund.
* 16,673,689 CDIs
Held by Mr M Billing and Mrs B Billing
as trustees and beneficiaries of
the Lapun Kamap BB Super Fund.
* 7,675,000 CDIs
Held by MBB Trading Pty Ltd
* 14,785,394 CDIs
-------------------------------------------------------------------
Class CDIs
-------------------------------------------------------------------
Number acquired - Direct Nil
-------------------------------------------------------------------
Number acquired - Indirect Nil
-------------------------------------------------------------------
Number disposed
* 3,000,000 Unlisted options lapsed (exercise price 1.8
pence, expiry 31/3/20).
-------------------------------------------------------------------
Value/Consideration Nil. Unlisted options lapsed.
Note: If consideration is
non-cash, provide details
and estimated valuation
-------------------------------------------------------------------
No. of securities held after
change - Direct * 6,173,340 CDIs
* 100,000 AIM listed Shares
* 4,500,000 Unlisted options, exercise price 3.5625
pence, expiry 07/06/21.
-------------------------------------------------------------------
No. of securities held after Held by Mr M Billing and Mrs B Billing
change - Indirect as trustees and beneficiaries of
the Lapun Kamap Super Fund.
* 16,673,689 CDIs
Held by Mr M Billing and Mrs B Billing
as trustees and beneficiaries of
the Lapun Kamap BB Super Fund.
* 7,675,000 CDIs
Held by MBB Trading Pty Ltd
* 14,785,394 CDIs
-------------------------------------------------------------------
Nature of change Unlisted options lapsed.
Example: on-market trade,
off-market trade, exercise
of options, issue of securities
under dividend reinvestment
plan, participation in buy-back
-------------------------------------------------------------------
Part 2 - Change of director's interests in contracts
Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities
to which interest related
prior to change
Note: Details are only
required for a contract
in relation to which the
interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration
is non-cash, provide details
and estimated valuation
Interest after change
Part 3 - + Closed period
Were the interests in No.
the securities or contracts
detailed above traded during
a + closed period where
prior written clearance
was required?
If so, was prior written N/A
clearance provided to allow
the trade to proceed during
this period?
----
If prior written clearance N/A
was provided, on what date
was this provided?
----
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London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
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END
MSCUUVWRRVUSRRR
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