Highlights
TUNGSTEN & MOLYBDENUM Molyhil NT
- Review of project capex reduces development cost by 8% to A$64million
Pilot Mountain, Nevada USA
- Evaluation of exploration upside reveals increased project potential
GOLD
Spring Hill NT
- Acquisition of remaining equity interest takes Thor to 100%
Outlook for September Quarter 2015
- Discussions to secure project finance continue
- Continue discussions for balance of concentrate production off-take
- Planning for exploration phase on deposits with previous multiple mineralised intersections
- Reverse Circulation drilling program scheduled
- Continue to evaluate potential for near term profitable production
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