TIDMTHR
RNS Number : 0507V
Thor Mining PLC
04 August 2020
4 August 2020
THOR MINING PLC
APPOINTMENT OF DIRECTOR
The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM,
ASX: THR) are pleased to announce that the Company has appointed Mr
Mark McGeough to the Board as a Non-Executive Director with
immediate effect.
Mr Mick Billing, Executive Chairman , commented:
"We are pleased to announce the appointment of Mark as a
Non-Executive Director of Thor."
"Mark has an outstanding background as a geologist and manager
of people and processes, and has a wealth of experience with
commodities which are a particular focus for Thor, including
copper, gold, molybdenum, and uranium, and we are very pleased to
add his strengths to our team."
Background
Mark McGeough has worked with a number of Australian Mining
Companies, including:
-- Chinova Resources Pty Ltd (formerly Ivanhoe Australia) where,
as General Manager - Geology, provided corporate governance
leadership, and led technical teams working on copper, gold, and
molybdenum/rhenium resources
-- Toro Energy Limited where, as General manager Exploration, he
was responsible for teams exploring for uranium in Australia and
Namibia, including discovery of the Theseus Uranium deposit.
-- Prior to these roles, Mark worked as Manager - Geological
Survey with the South Australian government department of Primary
Industries and Resources, and with Mount Isa Mines, Xstrata Copper
and Zinc
-- Mark McGeough graduated with a B.Sc Joint Honours in
Geography and Geology from the University of London in 1976.
Mark Anthony McGeough, aged 65, has been a director of the
following companies during the last five years:
Current Past
N/A Chinova Resources Operations
Pty Ltd
Chinova Resources Cloncurry Mines
Pty Ltd
Chinova Resources Osborne Pty
Ltd
Chinova Resources Tennant Creek
Pty Ltd
Mr McGeough has no interests in the ordinary shares of the
Company.
There is no further information that is required to be disclosed
pursuant to Rule 17 and Schedule 2 paragraph (g) of the AIM Rules
for Companies
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
Enquiries:
Mick Billing +61 (8) 7324 Thor Mining PLC Executive Chairman
1935
Ray Ridge +61 (8) 7324 Thor Mining PLC CFO/Company Secretary
1935
Samantha Harrison/Niall +44 (0) 207 Grant Thornton Nominated Adviser
McDonald 383 5100 UK LLP
Nick Emerson +44 (0) 1483 SI Capital Ltd Broker
413 500
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 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:
-- rights to earn up to a 7 5% interest in the mineral rights
and claims over the resource on the p o rtion of the historic
Kapunda copper mi ne in South Aust r alia considered 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 considered recover able by way of in situ recove ry .
N ot es
(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
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END
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