Thor Mining PLC (LON:THR) has said its activities are “fully funded well into 2019” as it provided a report on its activities for the latest quarter.
Mick Billing, executive chairman of the AIM-listed miner, said the firm had seen “progress on all fronts” with a “robust” cash position going into the next quarter, adding that the company had “sufficient funds to carry out all planned activities well into 2019”.
READ:Thor Mining secures research grant for recovery process at Kapunda project
Billing also said that despite some delays, an upgrade to the definitive feasibility study for its Molyhil Tungsten project and a scoping study for its Pilot Mountain Tungsten project were both nearing completion.
He added that a research grant recently received from the Australian government for the recovery process at its Kapunda project offered a “tremendous endorsement” of the approach taken by the group.