Thor Mining PLC (ASX:THR) has a multi-commodity portfolio of exploration and development projects with exposure to copper, gold, tungsten, molybdenum, uranium and vanadium.
Recently there has been a lot of talk about the coming of a new resource revolution with uranium, copper, nickel, and lately REE, tungsten and the development of HPA.
Over the last three decades that I have been involved in the resource industry, the boom-bust cycles are spoken and accepted easily. When a rising sentiment comes along, you can be sure that participants are also preparing for its end.
To an extent, I get a sense that this is lesser now as most people that I have spoken to commented that this one feels different somehow. Personally, I am in the same camp and I would even go further to say that this one has a totally different vibe.
There has never been a time when all levels of commodities have risen while the rich cousin, the oil and gas industry, is seriously looking like a sunset industry.
In those three decades that I have been involved in this industry, I have never seen the oil and gas industry being almost totally ignored. There are activities happening but the average retail investor is too distracted with other plays in the market.
When I was researching Thor Mining Plc, I was surprised at what it had in its portfolio. Their tungsten is Tier-1 in terms of grade and being in the US is going to be good. Uranium is also in the US and this has got to be a good position when the industry turns.
What makes Thor stand out for me is their attitude towards ISR mining. If the ISR works, Thor will be a green producer and the world of ESG will be upon them with funding.
I wrote the article "What is In-Situ Recovery (ISR)? Mining in a National Park with no Environmental Footprint" almost two years ago and this is the first time I have come across a real example.
In the scheme of mining cost, ISR is going to allow Thor Mining to start mining at a significantly lower capex. With the world of green mining, this method ticks all the boxes.
In-Situ Recovery, In-Situ Mining or In-Situ Leaching, according to Wikipedia, is a mining process used to recover minerals such as copper and uranium through boreholes drilled into a deposit, in situ. In-situ leach works by artificially dissolving minerals occurring naturally in a solid state.
The ISR copper project in South Australia is going to re-rate this company and the market is going to be totally taken by surprise. I think this project has the most upside and it also has its challenges to show that it is environmentally sound. The good news is that this is not new technology and as Mick Billing tells us, there are "green" examples of ISR already in place.
Mick shares with us how the ISR works and that there are already processes in place to use green techniques to make the whole process free from environmental issues.
Take your time and watch the video as this has some "hidden" value that can quickly turn the fortune of this company. We are looking at great gold prospects in the Pilbara, world-class tungsten projects, exposure to Uranium and a potential copper and gold producer.
About Michael Robert Billing – CPA, B Bus, MAICD
Executive Chairman and CEO, Thor Mining Plc
Mick Billing has over 40 years of mining and agri-business experience and a background in finance, specialising in recent years in assisting in the establishment and management of junior companies. His career includes experience in company secretarial, senior commercial, and CFO roles including lengthy periods with Bougainville Copper Ltd and WMC Resources Ltd. He has worked extensively with junior resource companies over the past 15 years. He was appointed to the Board in April 2008.
About Nicole Galloway Warland
Exploration Manager, Thor Mining Plc
Geologist Nicole Galloway Warland has worked in the mining and exploration industry for more than a quarter of a century in Australia, Eastern Europe and South America since graduating from Sydney’s University of Technology.
Nicole's experience spans grassroots exploration through to project evaluation, encompassing both open cut and underground mining, with a focus predominantly on gold, copper-gold, base metals, nickel, uranium, and lithium.
About Thor Mining Plc (LON:THR and ASX:THR)
Thor Mining PLC is an exploration and development company with an advanced tungsten/molybdenum project poised for development, and exciting copper and gold projects, both advanced and early stage, with the potential to generate significant investor value. Thor also holds an advanced tungsten/molybdenum project ready for development.
Thor has projects in Australia in the Northern Territory, Western Australia, and South Australia. Thor also owns the Pilot Mountain tungsten project in Nevada USA, and uranium and vanadium exploration claims in Colorado and Utah.
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