Proactiveinvestors Australia - General Mining - Moly, Chrome, Tungsten & Manganese RSS feed http://www.proactiveinvestors.com.au Proactiveinvestors Australia - General Mining - Moly, Chrome, Tungsten & Manganese feed en Sun, 21 Jan 2018 17:03:05 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com action@proactiveinvestors.com Thor Mining jumps as potential US$1.5mln Pilot Mountain liability reduced to US$125,000 http://www.proactiveinvestors.com.au/companies/news/187578/thor-mining-jumps-as-potential-us15mln-pilot-mountain-liability-reduced-to-us125000-187578.html Tue, 21 Nov 2017 22:42:00 +1100 http://www.proactiveinvestors.com.au/companies/news/187578/thor-mining-jumps-as-potential-us15mln-pilot-mountain-liability-reduced-to-us125000-187578.html Thor Mining dips a toe into low-cost copper venture in South Australia http://www.proactiveinvestors.com.au/companies/news/181856/thor-mining-dips-a-toe-into-low-cost-copper-venture-in-south-australia-181856.html Wed, 02 Aug 2017 22:40:00 +1000 http://www.proactiveinvestors.com.au/companies/news/181856/thor-mining-dips-a-toe-into-low-cost-copper-venture-in-south-australia-181856.html Catalyst Metals hits high-grade gold at Tandarra Gold Project http://www.proactiveinvestors.com.au/companies/news/181447/catalyst-metals-hits-high-grade-gold-at-tandarra-gold-project-181447.html Wed, 26 Jul 2017 14:54:00 +1000 http://www.proactiveinvestors.com.au/companies/news/181447/catalyst-metals-hits-high-grade-gold-at-tandarra-gold-project-181447.html Thor Mining to raise funds http://www.proactiveinvestors.com.au/companies/news/172060/thor-mining-to-raise-funds-172060.html Tue, 24 Jan 2017 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172060/thor-mining-to-raise-funds-172060.html Thor Mining Plc to start new drilling campaign to extend Molyhill tungsten http://www.proactiveinvestors.com.au/companies/news/165390/thor-mining-plc-to-start-new-drilling-campaign-to-extend-molyhill-tungsten-165390.html Tue, 16 Aug 2016 07:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165390/thor-mining-plc-to-start-new-drilling-campaign-to-extend-molyhill-tungsten-165390.html Thor Mining to start new drilling campaign to extend its Molyhill project http://www.proactiveinvestors.com.au/companies/news/129319/thor-mining-to-start-new-drilling-campaign-to-extend-its-molyhill-project-129319.html Mon, 15 Aug 2016 16:58:00 +1000 http://www.proactiveinvestors.com.au/companies/news/129319/thor-mining-to-start-new-drilling-campaign-to-extend-its-molyhill-project-129319.html Catalyst Metals Ltd in 100g/t gold hit http://www.proactiveinvestors.com.au/companies/news/150288/catalyst-metals-ltd-in-100gt-gold-hit--67382.html Catalyst Metals Limited (ASX:CYL) has discovered a gold zone grading over 100g/t from drilling north of its Four Eagles Gold Project, one of nine exploration licenses held north of Bendigo in Victoria.

Best assay results were intersections of 3.0 metres at >100 g/t gold from 96 metres and 3.0 metres at 1.15 g/t gold from reconnaissance air core drilling north of Boyd’s Dam at the Four Eagles Gold Project.

Of interest, the Four Eagles gold project is a joint venture between Catalyst, Providence Gold and Minerals Pty Ltd and Gold Exploration Victoria Pty Ltd, a wholly owned subsidiary of Hancock Prospecting Pty Ltd.

High grades of gold are not new at Four Eagles, previous finds included grades exceeding 36g/t gold but this hit supports the potential of the Whitelaw Gold Belt.

The gold mineralisation was intersected on two lines 600 metres apart.

The Boyd North Prospect appears to represent a new zone of gold mineralisation north of Boyd’s Dam Prospect with an apparent offset of about 100 metres to the west.

A ground gravity survey has been completed and the data has been merged with available Government data and images are being produced that provide strong targets for drilling.


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Tue, 08 Mar 2016 11:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/150288/catalyst-metals-ltd-in-100gt-gold-hit--67382.html
Catalyst Metals starts major gold drilling and survey programs http://www.proactiveinvestors.com.au/companies/news/150287/catalyst-metals-starts-major-gold-drilling-and-survey-programs-66810.html Catalyst Metals (ASX:CYL) is set for increased newsflow from its Four Eagles gold project in Victoria with a new geophysics underway in addition to two major drilling programs at targets known to have delivered grades exceeding 36g/t gold.

The campaign will include up to 24,000 metres of drilling at the project’s Hayanmi and Boyd’s Dam prospects as well as at regional reconnaissance areas.

Two drilling contracts are in progresss as of the end of January and a recently launched gravity survey over a 20-kilometre strike length of Four Eagles is expected to be completed before the end of the month.

Drilling will test a 2.9 kilometre mineralised zone at Hayanmi, where previous exploration has returned 41 metres at 3.87g/t gold from 76 metres, including 6 metres at 16.3g/t gold from 76 metres.

Hayanmi has also produced 3 metres at 14.7g/t gold from 87 metres and 13 metres at 2.6g/t gold, including 5 metres at 5.76g/t gold from 135 metres.

Catalyst will also drill along a 700-metre mineralised zone at Boyd’s Dam, where previous drilling has found 3 metres at 36.6g/t gold from 57 metres and 6 metres at 3.77g/t gold, including 1 metre at 7.82g/t gold from 44 metres.

Four Eagles is a joint venture between Catalyst, Providence Gold & Minerals and Gold Exploration Victoria, a wholly owned subsidiary of Hancock Prospecting .

Catalyst is project manager and retains a 50% interest whilst Gold Exploration Victoria earns a 50% interest from Providence by spending up to $4.2 million on the project.

Catalyst now manages the entire Whitelaw Gold Belt in Victoria and has interests in nine exploration licences which extend for 75 kilometres along the Whitelaw and Tandarra Faults north of Bendigo in Victoria.


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Tue, 02 Feb 2016 11:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/150287/catalyst-metals-starts-major-gold-drilling-and-survey-programs-66810.html
Thor Mining jumps on TM Gold sale http://www.proactiveinvestors.com.au/companies/news/120536/thor-mining-jumps-on-tm-gold-sale-120536.html Wed, 16 Dec 2015 22:25:00 +1100 http://www.proactiveinvestors.com.au/companies/news/120536/thor-mining-jumps-on-tm-gold-sale-120536.html Thor Mining, Arc Exploration are up 100% today http://www.proactiveinvestors.com.au/companies/news/157601/thor-mining-arc-exploration-are-up-100-today-63251.html Thursday’s leading ASX % Gainers intra-day.

NameCodeLastChangeVolume
Arc Exploration ASX:ARX $0.002 100% 1,677,525
Thor Mining ASX:THR $0.002 100% 40,000
Alliance Resources ASX:AGS $0.13 60.5% 4,344,944
West Peak Iron ASX:WPI $0.022 57.1% 1,370,000
Coziron Resources ASX:CZR $0.012 50% 415,000
Big Un Limited ASX:BIG $0.195 34.5% 535,433
Hill End Gold ASX:HEG $0.004 33.3% 80,000
Oil Basins ASX:OBL $0.004 33.3% 937,704
Resource Star ASX:RSL $0.008 33.3% 7,664,128
Pacific Brands ASX:PBG $0.42 29.2% 8,705,893

 

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Thu, 02 Jul 2015 13:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157601/thor-mining-arc-exploration-are-up-100-today-63251.html
These two companies are up 100% today http://www.proactiveinvestors.com.au/companies/news/157600/these-two-companies-are-up-100-today-63019.html Friday's leading ASX % Gainers at midday.

CompanyCodeLastChangeVolume
Thor Mining THR $0.002 100% 210,000
Rampart Energy RTD $0.002 100% 50,000
International Goldfields IGS $0.003 50% 1,647,864
India Resources IRL $0.004 33.33% 476,885
Drake Resources DRK $0.004 33.33% 1,181,499
Ultima United UUL $0.060 33.33% 20,000
Transaction TSN $0.004 33.33% 550,000
Manas Resources MSR $0.009 28.57% 278,000
Environmental Group EGL $0.027 28.57% 233,221
Kinetiko Energy KKO $0.019 26.67% 15,410

 

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Fri, 19 Jun 2015 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157600/these-two-companies-are-up-100-today-63019.html
Thor Mining, Elixir Petroleum lead ASX% Gainers intra-day http://www.proactiveinvestors.com.au/companies/news/157599/thor-mining-elixir-petroleum-lead-asx-gainers-intra-day-62307.html Tuesday’s leading ASX % Gainers intra-day.

NameCodeLastChangeVolume
Thor Mining ASX:THR $0.002 100% 1,000,000
Elixir Petroleum ASX:EXR $0.002 100% 1,765,105
Rutila Resources ASX:RTA $0.28 86.7% 1,592,405
Bone Medical ASX:BNE $0.016 77.8% 62,232,475
Vietnam Industrial ASX:VII $0.13 62.5% 10,387
Australasian Resources ASX:ARH $0.007 40% 300,000
Digital CC ASX:DCC $0.29 38.1% 10,002,560
Krakatoa Resources ASX:KTA $0.15 36.4% 100,000
Transaction Limited ASX:TSN $0.004 33.3% 500,000
Alliance Resources ASX:AGS $0.10 25% 1,340,866

 

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Tue, 12 May 2015 15:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157599/thor-mining-elixir-petroleum-lead-asx-gainers-intra-day-62307.html
These three companies are up 100% today http://www.proactiveinvestors.com.au/companies/news/157598/these-three-companies-are-up-100-today-62018.html Tuesday’s ASX % Gainers at midday.

NameCodeLastChangeVolume
Hillcrest Litigation Services ASX:HLS $0.004 100% 829,664
Thor Mining ASX:THR $0.002 100% 100,000
Quantum Resources ASX:QUR $0.002 100% 1,800,000
Zenith Minerals ASX:ZNC $0.05 61.3% 148,648
Marengo Mining ASX:MMC $0.003 50% 1,600,000
Continental Coal ASX:CCC $0.003 50% 1,025,000
European Metals ASX:EMH $0.23 43.8% 4,231,653
Middle Island Resources ASX:MDI $0.008 33.3% 10,370
Goldphyre Resources ASX:GPH $0.02 33.3% 10,000
Burleson Energy ASX:BUR $0.004 33.3% 1,066,306

 

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Tue, 28 Apr 2015 12:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157598/these-three-companies-are-up-100-today-62018.html
Catalyst Metals in talks on potential material joint venture http://www.proactiveinvestors.com.au/companies/news/150286/catalyst-metals-in-talks-on-potential-material-joint-venture-61221.html Catalyst Metals (ASX:CYL) has been granted an ASX trading halt in relation to discussions on a potential material joint venture agreement.

The halt will last until the earlier of the announcement being made or the start of trade on Monday, 16th March 2015.

The company has continued to consolidate its strong tenement holdings along the Whitelaw Gold Belt in Victoria so it can participate in any future gold discoveries.

Seismic and gravity data suggest that this large fault structure controlled the formation of the Bendigo gold deposits (historically approximately 22 million ounces of gold produced at a grade of 15 g/t Au) as well as gold mineralisation at both the Four Eagles and Tandarra Gold Projects.

Catalyst is also seeking the renewal of the EL4525 over the Four Eagles Gold Project. This will be followed by a ground seismic refraction survey to cover the key areas of the Hayanmi, Boyd’s Dam and Discovery Prospects.

Proposed drilling in 2015 includes reverse circulation holes on the defined mineralised areas at
Hayanmi and Boyd’s Dam. Most drilling will be angled in order to pass through the total extent of the interpreted vertical structures.

The other component of the exploration program will be infill angled aircore drilling along the northern extension of the Hayanmi Prospect covering a strike length of about 2 kilometres.



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Fri, 13 Mar 2015 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/150286/catalyst-metals-in-talks-on-potential-material-joint-venture-61221.html
Thor Mining, Black Range Minerals among the biggest ASX% Gainers intra-day http://www.proactiveinvestors.com.au/companies/news/157597/thor-mining-black-range-minerals-among-the-biggest-asx-gainers-intra-day-61027.html Tuesday’s leading ASX % Gainers intra-day.

NameCodeLastChangeVolume
Broad Investments ASX:BRO $0.004 100% 4,737,350
Thor Mining ASX:THR $0.002 100% 100,000
GTI Resources ASX:GTR $0.023 91.7% 45,000
Malabar Coal ASX:MBC $0.11 57.1% 12,000
Algae.Tec ASX:AEB $0.06 50% 32,507
Black Range Minerals ASX:BLR $0.003 50% 7,688,333
Mds Financial Group ASX:MWS $0.003 50% 250,000
Silver Mines ASX:SVL $0.003 50% 300,000
Galicia Energy Corporation ASX:GAL $0.007 40% 25,655
Cokal ASX:CKA $0.13 36.8% 390,769

 

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Tue, 03 Mar 2015 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157597/thor-mining-black-range-minerals-among-the-biggest-asx-gainers-intra-day-61027.html
Thor Mining, Fox Resources among ASX % Gainers at midday http://www.proactiveinvestors.com.au/companies/news/157596/thor-mining-fox-resources-among-asx-gainers-at-midday-60168.html Monday’s leading ASX % Gainers at midday.

NameCodeLastChangeVolume
Thor Mining ASX:THR $0.003 50% 100,000
Coppermoly Limited ASX:COY $0.01 42.9% 13,588
Fox Resources ASX:FXR $0.004 33.3% 150,000
Lodestar Minerals ASX:LSR $0.009 28.6% 620,000
Birimian Gold ASX:BGS $0.018 28.6% 10,203,986
Aleator Energy ASX:AWD $0.005 25% 300,000
Eclipse Metals ASX:EPM $0.005 25% 500,000
NSL Consolidated ASX:NSL $0.005 25% 300,000
New Age Exploration ASX:NAE $0.015 25% 80,000
Ramelius Resources ASX:RMS $0.135 22.7% 9,089,369

 

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Mon, 19 Jan 2015 13:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157596/thor-mining-fox-resources-among-asx-gainers-at-midday-60168.html
Thor Mining, Zamia Metals, Blackham Resources among ASX % Gainers at midday http://www.proactiveinvestors.com.au/companies/news/157595/thor-mining-zamia-metals-blackham-resources-among-asx-gainers-at-midday-60022.html Monday’s leading ASX % Gainers at midday.

NameCodeLastChangeVolume
Thor Mining ASX:THR $0.002 100% 2,400,000
Indus Energy ASX:IND $0.02 81.8% 326,750
Niuminco Group ASX:NIU $0.003 50% 317,000
Waratah Resources ASX:WGO $0.003 50% 310,000
Zamia Metals ASX:ZGM $0.003 50% 1,842,855
Mariner Corporation ASX:MCX $0.215 43.3% 41,717
Oro Verde ASX:OVL $0.009 28.6% 16,000
Wildhorse Energy ASX:WHE $0.05 28.2% 10,985
Blackham Resources ASX:BLK $0.096 28% 62,295
Castle Minerals ASX:CDT $0.014 27.3% 14,000

 

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Mon, 12 Jan 2015 14:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157595/thor-mining-zamia-metals-blackham-resources-among-asx-gainers-at-midday-60022.html
Thor Mining, Nemex Resources among ASX % Gainers at midday http://www.proactiveinvestors.com.au/companies/news/157594/thor-mining-nemex-resources-among-asx-gainers-at-midday-59919.html Tuesday’s leading ASX % Gainers at midday.

NameCodeLastChangeVolume
Thor Mining ASX:THR $0.002 100% 611,616
Erin Resources ASX:ERI $0.005 66.7% 366,030
Mount Burgess Mining ASX:MTB $0.006 50% 147,286
Stone Resources ASX:SHK $0.003 50% 200,000
Trafford Resources ASX:TRF $0.03 50% 214,500
Centaurus Metals ASX:CTM $0.069 35.3% 91,667
Victory Mines ASX:VIC $0.004 33.3% 210,000
Impact Minerals ASX:IPT $0.026 30% 543,031
Nemex Resources ASX:NXR $0.057 23.9% 2,171,266
Draig Resources ASX:DRG $0.016 23.1% 56,000


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Tue, 06 Jan 2015 15:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157594/thor-mining-nemex-resources-among-asx-gainers-at-midday-59919.html
Catalyst Metals intersects 59g/t gold in Victoria http://www.proactiveinvestors.com.au/companies/news/150285/catalyst-metals-intersects-59gt-gold-in-victoria-55895.html Catalyst Metals (ASX:CYL) has intersected very high grade gold from recent drilling including up to 3 metres at 59 grams per tonne gold at the Discovery Prospect of its Four Eagles Gold Project in Victoria.
   
The program also confirms the Discovery Prospect now extends for about 2.5 kilometres which is very promising.

This high grade intersection in a semi massive quartz vein just below the basement contact is situated 1.7 kilometres north of the discovery hole, which intersected 6 metres grading 82.7g/t gold from 128 metres.

In addition, another totally separate sample from the same interval assayed 3.0 metres at 7g/t gold.
   
This suggests that coarse gold may be present in the area.

Many of the intersections in the Discovery Prospect are associated with quartz veining which also limits the penetration ability of aircore drilling.

As a result, angled diamond or reverse circulation drilling will be required to determine its orientation and continuity.

 

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Fri, 27 Jun 2014 10:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/150285/catalyst-metals-intersects-59gt-gold-in-victoria-55895.html
Catalyst Metals completes gold drilling program in Victoria http://www.proactiveinvestors.com.au/companies/news/150284/catalyst-metals-completes-gold-drilling-program-in-victoria-55214.html Catalyst Metals (ASX:CYL) has completed an aircore drilling program at its Four Eagles Gold Project in Victoria that intersected highly variable basement depths along the 2.5 kilometre corridor.

The Eagle 2 structure tested is north of the Discovery Prospect where high grade gold mineralisation had been intersected in previous drilling.

This included results of up to 6 metres at 82.7 grams per tonne gold and 3.7 metres at 4.7g/t gold.

Catalyst took 315 samples from the holes and they have been sent for assaying.

While the continuity of the Eagle 2 structure is suggested by the presence of several quartz rich zones there is currently no certainty that these are gold bearing.

 

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Mon, 26 May 2014 17:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/150284/catalyst-metals-completes-gold-drilling-program-in-victoria-55214.html
Catalyst Metals inks agreement to explore North Bendigo Goldfield, Victoria http://www.proactiveinvestors.com.au/companies/news/150283/catalyst-metals-inks-agreement-to-explore-north-bendigo-goldfield-victoria-53988.html Catalyst Metals (ASX: CYL) has signed a Term Sheet with Navarre Minerals (ASX: NML) to enable Catalyst to earn a 51% equity interest in the Tandarra gold project, north of Bendigo in Victoria.

This will consolidate of two of the most prospective greenfields gold projects in Victoria, and means that the entire 60 kilometre strike length of the Bendigo North Goldfield will be under single management for the first time.

As part of the same transaction, Navarre will transfer to Catalyst its interests in two gold projects owned by Castlemaine Goldfields, which are subject to farm-in and joint venture arrangements between Navarre and Castlemaine.

Catalyst has also received firm commitments to raise $500,000 through a private share placement at $0.30, with one unlisted option for every 10 Catalyst shares, exercisable at $0.30 cents by 30th June 2016.

Funds raised from the placement will be applied towards exploration on the farm-in tenements, upon completion of formal documentation, and general working capital.

Proposed exploration and drilling programs on the expanded north Bendigo tenement areas are currently being developed.

In order to earn its 51% equity interest in the Tandarra Joint Venture, Catalyst will be required to spend $3 million on exploration during a four year period.

Catalyst must spend at least $800,000 and generate a mineralisation report before 14 November 2015, and will make a $1,000 payment on signing of a term sheet, $1,000; another $50,000 and 250,000 Catalyst shares on satisfaction date; and a further 250,000 catalyst shares 12 months after the satisfaction date.

The North Bendigo gold province is a recent virgin discovery under soil cover, with high grade gold mineralisation intersected at the Four Eagles and Tandarra prospects, which are 15 kilometres apart.

The agreement with Navarre means that Catalyst shareholders will have control over any gold discoveries that are made in this 60 kilometre long corridor.

The Bendigo region has historically produced a mammoth 22 million ounces of gold.

 

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Mon, 31 Mar 2014 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/150283/catalyst-metals-inks-agreement-to-explore-north-bendigo-goldfield-victoria-53988.html
Thor Mining achieves 80% equity interest milestone at Spring Hill gold project http://www.proactiveinvestors.com.au/companies/news/157593/thor-mining-achieves-80-equity-interest-milestone-at-spring-hill-gold-project-53021.html Thor Mining (ASX:THR) has achieved an 80% equity interest milestone at the Spring Hill gold project in Northern Territory, having completed the exploration and evaluation spend to enable it to acquire an additional 29%.

This represents the final stage in the acquisition of an 80% equity holding in Spring Hill from Western Desert Resources (ASX:WDR).

As part of the staged acquisition, Thor was to acquire an initial 25% interest for a consideration of A$1.25 million and the issue of 10 million Thor ordinary shares to WDR and option to increase it to 80%.

Thor upped its stake to 51% in December 2012 as it fulfilled expenditure commitment to build up the Spring Hill resource inventory.

Thor has met the agreed capital spend on the project by January 2014, discovering further gold mineralisation outside the boundaries of the known resource.

A pit optimisation study in June 2013 determined that approximately 900,000 tonnes of ore from the upper portions of the resource can be mined, delivering more than 40,000 ounces of gold at a cost of below A$1,100/oz.

Recent drill and assay results indicate potential for further significant improvement.

 

Proactive Investors Australia is the market leader in producing news,articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 20 Feb 2014 16:20:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157593/thor-mining-achieves-80-equity-interest-milestone-at-spring-hill-gold-project-53021.html
Thor Mining to raise A$560,000 http://www.proactiveinvestors.com.au/companies/news/157592/thor-mining-to-raise-a560000-46662.html Thor Mining (ASX: THR, AIM: THR) will raise £335,000 (A$560,000) to assist to develop its assets, as well as to provide general working capital, following a placement of 148,888,887 Thor ordinary shares at a price of 0.225p per share.

The placement was made to sophisticated clients of SI Capital Limited.

Mick Billing, executive chairman, commented: “In this difficult market raising capital is challenging and we are grateful for the support we have received in this placing.

"There are several high priority programs at both the Molyhil tungsten project, and the Spring Hill gold project, which we can now schedule with confidence.”

Both Molyhil and the Spring Hill projects are located in the Northern Territory of Australia.


The placement

The ordinary shares of the Company have a nominal value of 0.3p per share and, under the UK Companies Act 2006, the company is unable to issue ordinary shares below their nominal value.

Accordingly, the company will be convening a general meeting, which is expected to take place on 3 September 2013 to, among other things, reorganise its share capital and in doing so reduce the nominal value of its ordinary shares.

This will be achieved by converting each ordinary share of 0.3p into one ordinary share of 0.01p and one deferred share of 0.29p. The deferred shares will effectively have no value.

Completion of the placing is dependent on the company’s shareholders passing the resolutions necessary to effect the required reorganisation and reduction in the nominal value of the company's shares at the general meeting.

Thor will also seek approval for the issue of these securities pursuant to ASX Listing Rule 7.1 at this meeting.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 13 Aug 2013 10:40:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157592/thor-mining-to-raise-a560000-46662.html
Thor Mining continues efforts to enhance Molyhil project http://www.proactiveinvestors.com.au/companies/news/157591/thor-mining-continues-efforts-to-enhance-molyhil-project--46196.html Thor Mining (ASX:THR) is continuing discussions with off-take and finance partners for its Molyhil tungsten and moly project in Australia, it said in a quarterly report.

It comes despite trying market conditions, the firm said, adding, however, that in 2013 the global demand and price for tungsten had lifted considerably.

The board remains confident of a positive outcome from these discussions to allow development at Molyhil to commence, it added.

Following the Molyhil DFS last year, efforts have continued to optimise the process and improve returns at the project, it added.

Meanwhile, recent studies at the Spring Hill gold project had thrown up "very encouraging results".

Earlier this month, the firm revealed initial sorting work at the project where it has a 51% interest, had reiterated the "proof of concept" that the mineralisation can be segregated.

The resource at Spring Hill currently stands at 10 million tonnes at 1.4 grams per tonne (g/t) gold for 450,000 ounces.

The firm also noted that during the quarter Thor inked a non-binding memorandum of understanding (MOU) for toll treatment of ore from Spring Hill.

The agreement is between Spring Hill’s two co-venturers, Thor Mining PLC and Western Desert Resources(ASX: WDR), and Crocodile Gold Australian Operations Pty, a subsidiary of Toronto-listed  Crocodile Gold Corporation.

Looking ahead at the September quarter, Thor says at Spring Hill there will be follow up ore sorting and preparation for drill testing shallow nearby targets.

At the Dundas project, the firm will be following up on site geochemical sampling for nickel potential and preparing for air core and reverse circulation drilling.

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Wed, 31 Jul 2013 21:25:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157591/thor-mining-continues-efforts-to-enhance-molyhil-project--46196.html
Catalyst Metals extends gold mineralisation at Victorian prospect http://www.proactiveinvestors.com.au/companies/news/150282/catalyst-metals-extends-gold-mineralisation-at-victorian-prospect-43989.html Catalyst Metals (ASX: CYL) has extended gold mineralisation at the Hayanmi Prospect in Victoria to the north with drilling intersecting a peak result of 1.5 metres at 8.7 grams per tonne gold.

The mineralisation was intersected 600 metres north of Hayanmi in a recent aircore drilling program at its Four Eagles Gold Project.

This brings the total strike at Hayanmi to 2.5 kilometres though detailed drilling has only been carried out over a 600 metre section.

High grade gold was discovered at Hayanmi during 2012 with notable results including 3 metres at 14.7g/t gold, 9 metres at 7.9g/t gold including 3 metres at 20.5g/t gold and 3 metres at 9.1g/t gold.

The Four Eagles Gold Project, located 70 kilometres north of Bendigo in Victoria is a virgin gold discovery in an area never previously mined or explored.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 31 May 2013 16:20:00 +1000 http://www.proactiveinvestors.com.au/companies/news/150282/catalyst-metals-extends-gold-mineralisation-at-victorian-prospect-43989.html
Catalyst Metals earns 50% interest in Four Eagles Gold Project, assays pending http://www.proactiveinvestors.com.au/companies/news/150281/catalyst-metals-earns-50-interest-in-four-eagles-gold-project-assays-pending-43352.html Catalyst Metals (ASX: CYL) has completed an aircore drill program at Four Eagles Gold Project in Victoria with assays results due in June after a shallow basement was confirmed north of Hayanmi prospect.

The Four Eagles Gold Project, located 70 kilometres north of Bendigo in Victoria is a virgin gold discovery in an area never previously mined or explored.

The longer term aim is to discover a +1 million ounce resource at Four Eagles.

Previous drilling results in 2011 and 2012 were highly encouraging north of the Hayanmi Prospect in 2012 including high gold mineralisation including 3.0m at 5.96g/t gold and 9.0m at 7.9g/t gold including 3.0m at 20.5g/t gold.

Drilling focused on a 3 kilometre long section of Eagle 3 Trend where basement depth is 20 to 50 metres.

The follow up program saw 28 aircore holes show large areas with basement depths of less than 30 metres.

A total of 674 samples were submitted for assay.

Interestingly and as a pointer to the future, for the first time at the Four Eagles Gold Project, angled aircore drilling was successfully used and all holes were able to penetrate both the Murray Basin cover sequence and the oxidised basement rocks.

Catalyst has earned an entitlement to a 50% interest in Four Eagles Gold Project after spending over $2.1 million in drilling the Four Eagles Gold Project.

Exploration was focused on northern extension of high grade Hayanmi prospect of Eagle 3 and Eagle 4 for shallow open pit potential.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 16 May 2013 08:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/150281/catalyst-metals-earns-50-interest-in-four-eagles-gold-project-assays-pending-43352.html
Catalyst Metals to start drilling at Four Eagles gold project http://www.proactiveinvestors.com.au/companies/news/150280/catalyst-metals-to-start-drilling-at-four-eagles-gold-project-41920.html Catalyst Metals (ASX:CYL) is set to resume aircore drilling next week at its Four Eagles gold project in Victoria.

The drilling will focus on a 3 kilometre long section of Eagle 3 trend where basement depth is 20 to 50 metres.

Previous shallow intersections in the 1-3 grams per tonne gold range highlight the potential for open pit mineralisation.

High grade gold mineralisation was discovered with shallow drilling in the last two years with grades including 0.4 metres at 152g/t; 6 metres at 82.7g/t and 3 metres at 20.5g/t, among others.

The company's position in the project is strengthened with it on the cusp on earning 50% equity via a joint venture agreement with Providence Gold and Minerals by spending $2.1 million on exploration.

As at end of March, expenditure had totaled $2.058 million.

Post the formation of a formal JV, Catalyst will have the right to earn towards 75% equity by spending a further $2.1 million on exploration, subject to a right by Providence to contribute at the 60:40 equity level.

The Four Eagles gold project made significant strides last year and is now confirmed as a virgin gold discovery in an area never previously mined.

The company has a longer term objective of discovering over 1 million ounce resource, and this is supported by the large area at Four Eagles containing high grade gold values and close proximity to the regional Whitelaw Fault that appears to control gold minerlisation at Bendigo, where 22 million ounces of gold has been produced.

The infill drilling at Hayanmi and Boyd's Dam prospects has also produced enhanced gold grades at lengths of at least 600 metres also underscores the project's potential.

The initial aircore drilling program will be undertaken on the northern end of the Eagle 3 trend and will be conducted on a 200 metre line spacing with angled holes drilled on each line about 40 metres apart.

Drilling will be carried out over a strike length of almost 3 kilometres with basement depths estimated to be in the 20-50-metre range.
 
It had a cash balance of $1.3 million at the end of the December quarter, and raised a further $191,000 via the exercise of 381,735 listed options at $0.50 each.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 11 Apr 2013 16:10:00 +1000 http://www.proactiveinvestors.com.au/companies/news/150280/catalyst-metals-to-start-drilling-at-four-eagles-gold-project-41920.html
Catalyst Metals: plant acquisition could accelerate gold production from Four Eagles http://www.proactiveinvestors.com.au/companies/news/150279/catalyst-metals-plant-acquisition-could-accelerate-gold-production-from-four-eagles-24740.html Catalyst Metals (ASX: CLY) has finalised an option agreement with Unity Mining (ASX: UML) to acquire the Kangaroo Flat gold plant and associated Bendigo assets.

The agreement gives Catalyst a 12 month exclusive option to purchase the plant, equipment and facilities, which include exploration tenements, buildings and freehold land in the Bendigo area.

Consideration for the deal comprises $450,000 cash, an ore treatment royalty and between 15% and 25% of shares in Catalyst.

Catalyst and Unity announced the agreement in December 2011, with due diligence by Catalyst completed recently.

The 600,000 tonne per annum gold plant will provide Catalyst with an accelerated production route for any resources defined at the company’s Four Eagles Gold Project, north of Bendigo.

Diamond drilling carried out by Catalyst in early 2011 intersected high grade gold, with assays including:

- 0.8 metres at 17.50 grams per tonne (g/t) gold from 173.2 metres;
- 0.7 metres at 4.83g/t gold from 170.3 metres; and
- 0.4 metres at 2.08g/t gold from 176.2 metres.

Later in the year, aircore drilling identified two new target areas at Four Eagles, with low grade intersections that were almost on the projected position of the Whitelaw Fault.

The results may indicate close proximity to high grade gold mineralisation.

Catalyst has the right to earn a 50% share in the Four Eagles project from Providence Gold & Minerals (CVE:PV), and in January 2012 announced its intention to proceed to Phase 2 of the agreement.

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Wed, 01 Feb 2012 16:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/150279/catalyst-metals-plant-acquisition-could-accelerate-gold-production-from-four-eagles-24740.html
Catalyst Metals discovers gold mineralisation in two new areas at Four Eagles http://www.proactiveinvestors.com.au/companies/news/150278/catalyst-metals-discovers-gold-mineralisation-in-two-new-areas-at-four-eagles-24015.html Catalyst Metals (ASX: CYL) has intersected a new zone of gold mineralisation from drilling east of the known zone at the Four Eagles Gold Project.

Four Eagles is located along strike of the Bendigo Goldfield and west of the towns of Mitiamo and Raywood in central Victoria, extending from 20 to 70 kilometres north of Bendigo. 

The grade was relatively low at 3 metres at 0.7 g/t Au from 84 metres, the drilling did confirm gold mineralisation almost on the projected position of the Whitelaw Fault.

The results may also indicate close proximity to high grade gold mineralisation.

Visible gold was observed in drillhole FE 473 in quartz rich gravels just above the basement contact. This zone assayed 3 metres at 0.41 g/t Au from a depth of 93 metres.

An aircore drilling programme was completed in November 2011 with 49 holes drilled for a total of 4,275 metres.

The programme was mostly reconnaissance with the objective of gaining initial information from the northern Exploration Licence 5295.

Other low grade alluvial zones of gold mineralisation in this area suggest another source of basement gold could exist in EL5295.

Aircore drilling in the Eagle 3 Zone intersected gold mineralisation of 3 metres at 1.1 g/t Au from 75 metres and 3 metres at 0.6 g/t Au from 78 metres which may predicate continuous mineralisation over a 1.3 kilometre strike length.

Reverse circulation (RC) drilling commenced on 12 December 2011 but was terminated on 19 December when the contracted drill rig suffered technical problems and had insufficient air pressure to penetrate hard quartz veins and water inflows.

A higher capacity RC rig has been booked for an early February 2012 drilling campaign, subject to the company deciding to exercise its option with Providence Gold & Minerals.

An encouraging feature of the area around FE 415 is the shallow basement and the obvious presence of multiple quartz veins.

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Wed, 11 Jan 2012 10:38:00 +1100 http://www.proactiveinvestors.com.au/companies/news/150278/catalyst-metals-discovers-gold-mineralisation-in-two-new-areas-at-four-eagles-24015.html
Catalyst Metals commences drilling north of gold zones at Four Eagles Project http://www.proactiveinvestors.com.au/companies/news/150277/catalyst-metals-commences-drilling-north-of-gold-zones-at-four-eagles-project--21591.html Catalyst Metals (ASX: CYL) has commenced the final drilling program for 2011 at the Four Eagles Gold Project in Victoria, testing the new northern areas in EL5295 and Whitelaw Fault Zone in EL452.

A total of 3,600 metres of reconnaissance aircore drilling in the northern part of the tenements will test a strike length of about 3 kilometres west of the projected Whitelaw Fault.

This area is situated about 8 kilometres north of the gold zones. No previous drilling has ever been undertaken in this area and about 20 holes are proposed, but basin depth is totally unknown.

Following this program, in December 2011 angled reverse circulation drilling will be undertaken on the eastern flank of the previously defined gold zones.
 
About 40 drillholes are proposed at an average depth of 75 metres which are designed to help define the extent of the high grade gold potential just west of the regional Whitelaw Fault.

The program will test strike continuity of high grade zones seen at two locations in previous aircore drillholes including 3 metres at 31.3 grams per tonne gold from 57 metres.

The Four Eagles Gold Project is located generally along strike of the Bendigo Goldfield and west of the towns of Mitiamo and Raywood in central Victoria, extending from 20 to 70 kilometres north of Bendigo.

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Fri, 04 Nov 2011 09:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/150277/catalyst-metals-commences-drilling-north-of-gold-zones-at-four-eagles-project--21591.html