Thor Energy (THR)

Sector:

Mining

Index:

FTSE AIM All-Share

0.87p
   
  • Change Today:
      0.021p
  • 52 Week High: 2.35
  • 52 Week Low: 0.17
  • Currency: UK Pounds
  • Shares Issued: 278.61m
  • Volume: 505,921
  • Market Cap: £2.43m
  • RiskGrade: 401

Thor Mining commissions multiple studies at tungsten project in Nevada

By Iain Gilbert

Date: Wednesday 28 Feb 2018

LONDON (ShareCast) - (ShareCast News) - AIM-quoted tungsten miner Thor Mining kicked off a series of activities aimed at accelerating the commercialisation of its Pilot Mountain tungsten project in Nevada, USA, commissioning a scoping study and metallurgical test work to determine potential mining and processing scenarios across the site.
The results of the scoping exercise will assist Thor in the development of its initial mining plan for Pilot Mountain by providing it with sufficient information to begin environmental studies and other necessary regulatory approval works.

Thor said the metallurgical testwork would be carried out by Canadian firm BOMENCO and would assist it with the development of detailed process flow sheets, equipment specifications and other process engineering documents to support a pre-feasibility study.

The group highlighted the fact that all these activities would be fully funded from existing cash reserves.

Thor Mining's executive chairman, Mick Billing said, "The scoping study work is intended to provide high-level development and operating parameters to continue with various regulatory and environmental reports necessary to maintain project momentum."

"Previous testwork has demonstrated successful production of a saleable tungsten concentrate; however the second stage work directed by internationally recognised tungsten metallurgical consultants BOMENCO, is aimed at improving upon this and also at producing a robust process flow sheet along with credible design parameters," Billing added.

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Note 2: RiskGrade figures are provided by RiskMetrics.

 

Thor Energy Market Data

Currency UK Pounds
Share Price 0.87p
Change Today 0.021p
% Change 2.52 %
52 Week High 2.35
52 Week Low 0.17
Volume 505,921
Shares Issued 278.61m
Market Cap £2.43m
RiskGrade 401

Thor Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
42.61% above the market average42.61% above the market average42.61% above the market average42.61% above the market average42.61% above the market average
70.15% above the sector average70.15% above the sector average70.15% above the sector average70.15% above the sector average70.15% above the sector average
Price Trend
91.68% below the market average91.68% below the market average91.68% below the market average91.68% below the market average91.68% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Income Not Available
Growth Not Available

Thor Energy Dividends

No dividends found

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Time Volume / Share Price
11:22 500,000 @ 0.90p
08:59 5,921 @ 0.70p

Thor Energy Key Personnel

Chair Alastair Clayton

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