Thor inks off-take deal & secures cost savings

Interviews

Mineral development company Thor Mining Plc (ASX:THR) CEO Mick Billing discusses the company’s latest off-take deal and cost saving initiatives. 
 
Mr Billing explains why the off-take agreement with Global Tungsten & Powers Corp. is significant for the Molyhil tungsten project, located in the Northern Territory. 
 
The Letter of Intent is “a first step agreement”, as it remains subject to due diligence and financing, and Mr Billing details how the company plans to meet these requirements.
 
Mr Billing discusses recently released results from the Molyhil tungsten project and outlines what milestones Thor Mining will be aiming to reach in the final quarter of 2013.