The Directors of tungsten and gold focused developer, Thor Mining PLC (“Thor” or the “Company”) (AIM, ASX: THR), are pleased to advise that the company has completed the exploration and evaluation expenditure necessary to enable the acquisition of an additional 29% of the Spring Hill old project in Australia’s Northern Territory.
This will represent the final stage in the acquisition of an 80% equity holding in Spring Hill, from Western Desert Resources Limited (WDR). It is expected that transfer documents will be provided to the Northern Territory Department of Resources by WDR in coming weeks.
Full details of the terms of the acquisition were contained in the notice of Thor’s general meeting dated 28 April, 2011, a copy of which can be obtained at www.asx.com.au or on the Company’s website.
