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Additional information
Additional Information
Market: ASX / AIM
Sector: General Mining
Epic: THR
News: Latest news
Web Site: Thor Mining
Other Articles: 10-03-201002-03-201025-02-2010

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Saturday March 13, 08:47Premium risk at Prudential

Insurance giant Prudential has stolen the headlines this week, after their decision to buy AIA, the Asian life business of US insurer AIG, has attracted a mixed response from shareholders.

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Friday March 12, 07:58Lithium and rare earths markets poised for growth

Right now, the world relies almost completely on China for its rare-earth supply. The Chinese have made it clear that they want to keep more supply for themselves as they try to be the world leader in green technology

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Friday March 12, 07:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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Thor Mining

Thor Mining

Thor Mining PLC, AIM|ASX: THR is a specialty minerals exploration and development company focused on dvancing tungsten, molybdenum and uranium projects. The flagship project is the Molyhil Tungsten-Molybdenum Project.  Since mid 2004 Molyhil has been the subject of systematic test work comprised of geophysical exploration, a diamond and RC drilling programme, surface and underground bulk sampling, metallurgical test work and a geotechnical study.

Subsequent to the completion of the updated resource statement, and the Scoping Study, Thor completed a Definitive Feasibility Study in November 2006 which confirmed that the project is technically and economically viable, with strong financial returns and rapid capital payback. Thor has also acquired a number of project areas in the Northern Territory of Australia with prospectivity for uranium mineralisation.

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Monday, March 16, 2009

Thor Mining still awaiting results from latest drilling at Molyhill

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Thor Mining PLC is still awaiting assay results from drilling at Molyhill in Australia’s Northern Territory to identify possible incremental mineralisation at the property, and announced net losses for the first half practically unchanged from a year earlier at £500,000.

In a trading update at the end of 2008, the group had said developing the Molyhill tungsten-molybdenum project remains the main focus and that it has met with many potential financiers and partners with a view to getting the project into operation.

In its results statement today, the company said while it has made good progress in reducing capital and operating costs for the project, international molybdenum prices have reduced in line with pricing for other metals over the period to end December 2008. This has pushed the development timetable back until product pricing is more conducive for the necessary capital raising.

Since the end of the first half, Thor has continued to explore its portfolio of tenements for economic deposits of uranium and rare earths.

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