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Epic & Msn data
Epic THR
Time: 16:30:20
Mid Price: 1.00
Change Today: 0.00
Change % Today: 0.00
Fifty Two Week High: 2.50
Fifty Two Week Low: 0.88
Market Capital: 2.33
Period & price data
Period Price
Now: 1.00
3 Months ago: 1.75
6 Months ago:
1 Year ago: 1.13
Additional information
Additional Information
Market: AIM
Sector: General Mining
Epic: THR
News: Latest news
Web Site: Thor Mining
Other Articles: 27-01-201014-01-201020-11-2009

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Tuesday February 09, 07:53Mediterranean Oil & Gas doubles proven and probable reserves for Ombrina Mare to 40 mmbbls

The good news gave a welcome boost to the group's share price, sending the stock up nearly 15 percent in early trade.

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Monday February 08, 09:33Tethys Petroleum achieves flow rates of over 5,400 bopd at AKD01 discovery in Kazakhstan

Current mapping indicates that the AKD01 well is in a downdip location on the prospect Doris with approximately 56 metres of elevation updip of the well, potentially bringing the entire lower reservoir into the oil zone.

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Tuesday February 09, 01:53Chindex International reports increasing medical and healthcare revenues

Healthcare products and services group Chindex International (NASDAQ: CHDX) reported increasing revenues as it continued to expand its operations in the People’s Republic of China (PRC).

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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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Thursday, October 29, 2009

Thor Mining still awaiting price & forex recovery before starting development of Molyhil molybdenum project

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Thor Mining (AIM: THR) said an independent re-optimisation in the first quarter the new financial year has marginally upgraded the resource model of its flagship molybdenum/tungsten project Molyhil, but further deterioration in the molybdenum price and the Australian dollar exchange rate against the US currency over the period renders the development of Molyhil uneconomic in the current economic climate.

The project is estimated to have a total resource of 3.75 million tonnes graded at 0.19% molybdenum (MoS2), 0.32% tungsten (WO3) and 28% iron (Fe2O3), including measured resources of 540,000 tonnes graded 0.24% MoS2, 0.33% WO3 and 29.4% Fe2O3 and indicated resources of 2.3 million tonnes graded at 0.18% MoS2, 0.38% WO3 and 29.4% Fe2O3 respectively.

Development of the project and in particular cost reductions and financing continues to be the main focus. The Thor management team continues to meet with many potential financiers and partners with a view to getting the project into operation. The discussions continue to be positive; however the mood is still very cautious in the current financial climate, the group said.

Thor projects construction to start in the medium term, expecting molybdenum and tungsten prices to strengthen as demand stiffens.

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