Thor Mining Plc (ASX:THR, LON:THR) Chairman & CEO Mick Billing discusses the improved economics for the Molyhil Project in the Northern Territory. The Company has just upgraded the feasibility study at the project and Mr Billing outlines the key points.
Thor Mining has identified improved financial returns and confirmed early capital payback for Molyhil. Mr Billing elaborates on the projected economics, the project’s anticipated mine life and how much CAPEX will be needed to fund it.
Looking ahead Mr Billing discusses regulatory considerations, what is next on the ‘to-do list’ and the timeline for securing finance, starting engineering studies and completing permitting.
Thor Mining also purchased the Pilot Mountain tungsten project in September 2014 and Mr Billing re-caps what has occurred since the acquisition and the company's main priorities for the year ahead.
