TIDMTHR

Thor Mining PLC

16 February 2021

16 February 2021

THOR MINING PLC

INVESTOR PRESENTATION

The directors of Thor Mining Plc ("Thor") (AIM, ASX: THR) are pleased to advise that an updated Investor Presentation is available on the Thor website, and may be accessed via the following link:

www.thormining.com/sites/thormining/media/pdf/interviews/thr-feb21-pres.pdf

Enquiries:

 
Mick Billing        +61 (8) 7324     Thor Mining PLC  Executive Chairman 
                      1935 
 Ray Ridge           +61 (8) 7324     Thor Mining PLC  CFO/Company Secretary 
                      1935 
 Colin Aaronson      +44 (0) 207 383  Grant Thornton   Nominated Adviser 
  / George Grainger   5100             UK LLP 
 Nick Emerson        +44 (0) 1483     SI Capital Ltd   Broker 
                      413 500

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.

At the 100% owned Ragged Range Project in the Pilbara region of Western Australia, Thor has exciting early stage results for which gold and nickel drilling is planned."

At Alford East in South Australia, Thor is earning an 80% interest in copper deposits considered amenable to extraction via Insitu Recovery techniques (ISR)

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 in South Australia recoverable by way of in situ recovery . Thor also holds rights to earn a 75% interest in portion of the Alford West copper project also in South Australia, and is also considered amenable to recovery by way of in situ recovery .

"Thor holds 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 in the Northern Territory of Australia, for which an updated feasibility study in August 2018(1) suggested attractive returns.

Adjacent 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(2).

Thor holds 100% of the Pilot Mountain tungsten project in Nevada USA which has a JORC 2012 Indicated and Inferred Resources Estimate(3) on 2 of the 4 known deposits.

Notes

(1) Refer ASX and AIM announcement of 23 August 2018

(2) Refer ASX and AIM announcement of 26 November 2018, and 29 January 2020

(3) Refer AIM announcement of 13 December 2018 and ASX announcement of 14 December 2018

Refer AIM announcement of 10 February 2016 and ASX announcement of 12 February 2018

Refer ASX and AIM announcement of 15 August 2019

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February 16, 2021 02:00 ET (07:00 GMT)

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