29th Jun 2005 08:30
Thor Mining PLC29 June 2005 THOR MINING PLC Admission to trading on AIM Dated: 29 June 2005 Thor Mining PLC ("Thor" or the "Company") was admitted to trading on AIM today,29 June 2005, following a Placing of 81,675,000 new Ordinary Shares in sharecapital of the Company at 2p per Share to raise approximately £1.4 million, netof expenses. Thor has been established as a mineral exploration and development companyfocussed on advancing its molybdenum and tungsten projects in the NorthernTerritory of Australia. The principle project of the Company is the Molyhil molybdenum-tungsten depositin the Northern Territory. The Molyhil deposit has an indicated resource of1,530,000 tonnes at 0.32% WO3 and 0.19% MoS2, and an inferred resource of500,000 tonnes at 0.25% WO3 and 0.15% MoS2. Following the successful Placing, Thor is scheduled to commence shaft sinkingand further detailed sampling on 4 July 2005 at its Molyhil molybdenum-tungstenproject in the Northern Territory to evaluate the head grade and mineralogicalcharacteristics of the deposits. Further details on the Company can be obtainedfrom its website: www.thormining.com. Enquiries: John Barr 00 61 418 912 885 Thor Mining PLC Executive Chairman John Simpson 020 7512 0191 ARM Corporate Finance Ltd Nominated Adviser Amanda Harris 020 7618 8534 Conduit PR Public Relations This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Thor Energy