29th Feb 2012 09:00
29 February 2012
THOR MINING PLC
Molyhil Update
Thor Mining plc ("Thor" or "the Company") announces that pursuant to announcements which were made on 23 and 30 January 2012 regarding the Company's Molyhil tungsten and molybdenum project in Australia's Northern Territory ("Molyhil"), the updated feasibility study will not now be available before the end of February 2012.
The Company is still awaiting the results of the metallurgical test work, advised on 23 January, which will need to be incorporated in the study. It is expected that the results of that testwork and the ore reserve calculation will be available during March 2012.
Feasibility study calculations and results will be determined and announced following finalisation of the metallurgical recovery and ore reserve.
Enquiries:
Mick Billing | +61 (0) 8 7324 1935 | Thor Mining PLC | Executive Chairman |
Allan Burchard | +61 (0) 8 7324 1935 | Thor Mining PLC | CFO/Company Secretary |
Gerry Beaney / David Hignell | +44 (0) 20 7383 5100 | Grant Thornton Corporate Finance | Nominated Adviser |
Nick Emerson/ Renato Rufus | +44 (0) 1483 413500 | Simple Investments | Broker |
Alex Walters/ Emma Wigan | +44 (0) 77 7171 3608 +44 (0) 20 7839 9260 | Cadogan PR | Financial PR |
Updates on the Company's activities are regularly posted on Thor's website www.thormining.com, which includes a facility to register to receive these updates by email.
Related Shares:
Thor Energy