Thor Mining PLC Result of AGM (7510I)
November 28 2018 - 4:17AM
UK Regulatory
TIDMTHR
RNS Number : 7510I
Thor Mining PLC
28 November 2018
28 November 2018
THOR MINING PLC
RESULT OF ANNUAL GENERAL MEETING
The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM,
ASX: THR) are pleased to announce that all resolutions proposed at
the Annual General Meeting of the Company held on 28 November 2018
in London, were duly passed without amendment.
In addition to the usual resolutions which are considered at an
Annual General Meeting, pursuant to ASX Listing Rule 7.4,
shareholders ratified the issue of Equity Securities that were
previously issued within the Company's placement capacity under ASX
Listing Rule 7.1. The shares issued under ASX Listing Rule 7.1
related to the issue of 10,000,000 Ordinary Shares and 10,000,000
Warrants to an existing Shareholder, Metal Tiger PLC, announced on
23 January 2018 and the issue of 14,527,205 Ordinary Shares to Rox
Resources Limited announced on 4 October 2018, in satisfaction of
the AUD$550,000 purchase price for the acquisition of an interest
in two exploration tenements in the Bonya Creek area, approximately
30 kilometres from Molyhil in Australia's Northern Territory.
The ratification under ASX Listing Rule 7.4 has the effect of
refreshing the Company's placement capacity under ASX Listing Rule
7.1.
Enquiries:
Mick Billing +61 (8) 7324 1935 Thor Mining PLC Executive Chairman
Ray Ridge +61 (8) 7324 1935 Thor Mining PLC CFO/Company
Secretary
Colin Aaronson/ +44 (0) 207 383 Grant Thornton UK Nominated Adviser
Richard Tonthat/ 5100 LLP
Ben Roberts
Nick Emerson +44 (0) 1483 413 SI Capital Ltd Joint Broker
500
David Hignell +44 (0)20 3861 Northland Capital Joint Broker
/ Rob Rees / 6625 Partners Limited
Isabella Pierre
Tim Blythe/ Camilla +44 (0) 207 138 Blytheweigh Financial PR
Horsfall 3222
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) is a resources company quoted on
the AIM Market of the London Stock Exchange and on ASX in
Australia.
Thor holds 100% of the advanced Molyhil tungsten project in the
Northern Territory of Australia, for which an updated feasibility
study in August 2018(1) suggested attractive returns.
Thor also holds 100% of the Pilot Mountain tungsten project in
Nevada USA which has a JORC 2012 Indicated and Inferred Resources
Estimate(2) on 2 of the 4 known 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 is also acquiring up to a 60% interest Australian copper
development company Environmental Copper Recovery SA Pty Ltd, which
in turn holds rights to earn up to a 75% interest in the mineral
rights and claims over the resource(3) on the portion of the
historic Kapunda copper mine in South Australia recoverable by way
of in situ recovery.
Thor has an interest in Hawkstone Mining Limited, an Australian
ASX listed company with a 100% Interest in a Lithium project in
Arizona, USA.
Finally, Thor also holds a production royalty entitlement from
the Spring Hill Gold project of:
-- A$6 per ounce of gold produced from the Spring Hill tenements
where the gold produced is sold for up to A$1,500 per ounce;
and
-- A$14 per ounce of gold produced from the Spring Hill
tenements where the gold produced is sold for amounts over A$1,500
per ounce.
Notes
(1) Refer ASX and AIM announcement of 23 August 2018
(2) Refer AIM announcement of 22 May 2017 and ASX announcement
of 23 May 2017
(3) Refer AIM announcement of 10 February 2016 and ASX
announcement of 12 February 2018
Refer AIM announcement of 26 February 2016 and ASX announcement
of 29 February 2017
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END
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