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.

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?