Thor to concentrate on Molyhil and Kapunda

Company News

by Rachael Jones

Thor Mining (ASX:THR) has updated investors on the company’s new focus – three key properties.

Australia’s Molyhil and Kapunda copper project - and the USA’s Pilot Mountain were all listed as part of a strategic business review.

Thor holds 100 per cent of the advanced Molyhil tungsten project in the Northern Territory and a 100 per cent of the Pilot Mountain project in the Nevada desert.

The company says it has £1.6 million pounds of cash at the bank, which would be enough working capital to carry its planned activities into 2019.

Shares in Thor (ASX:THR) are trading 8.89 per cent higher at $0.049.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.