ASX Appendix 5B Report

Thor Mining PLC 31 October 2007 THOR MINING PLC ASX Appendix 5B - September 2007 Quarterly Report Dated: 31st October 2007 Thor Mining PLC ('the Company' or 'Thor'), AIM, ASX: 'THR' the specialist metals company focused on advancing tungsten-molybdenum and uranium projects in the Northern Territory of Australia, today released the following report on the Australian Stock Exchange ('ASX'),as required under the rules of the ASX. Mining exploration entity quarterly report Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98. Name of entity THOR MINING PLC ACN or ARBN Quarter ended ('current quarter') 121 117 673 30 September 2007 Consolidated statement of cash flows Current quarter Year to date Cash flows related to operating activities $A'000 $A'000 1.1 Receipts from customers - - 1.2 Payments for (a) exploration and evaluation (337) (337) (b) development expenditure (201) (201) (c) production - - (d) administration (680) (680) 1.3 Royalties received - - 1.4 Interest and other items of a similar nature received 55 55 1.5 Interest and other costs of finance paid - - 1.6 Income taxes paid - - 1.7 Other - - Net Operating Cash Flows (1,163) (1,163) Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects - - (b) controlled entity (net of cash acquired) - - (c) other fixed assets (9) (9) (d) development assets - - 1.9 Proceeds from sale of: (a) prospects - - (b) equity investments - - (c) controlled entity - - (d) other fixed assets - - 1.10 Loans to other entities - - 1.11 Loans repaid by other entities - - 1.12 Other - - Net investing cash flows (9) (9) 1.13 Total operating and investing cash flows (carried (1,172) (1,172) forward) 1.13 Total operating and investing cash flows (brought forward) (1,172) (1,172) Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. (net of expenses) 1,822 1,822 1.15 Payment for shares - - 1.16 Proceeds from borrowings - - 1.17 Repayment of borrowings (6) (6) 1.18 Dividends paid - - 1.19 Other - - Net financing cash flows 1,816 1,816 Net increase (decrease) in cash held 644 644 1.20 Cash at beginning of quarter/year to date 4,335 4,335 1.21 Exchange rate adjustments to item 1.20 - - 1.22 Cash at end of quarter 4,979 4,979 Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities Current quarter $A'000 1.23 Aggregate amount of payments to these parties included in item 114 1.2 1.24 Aggregate amount of loans to these parties included in item 1.10 - 1.25 Explanation necessary for an understanding of the transactions Non-cash financing and investing activities 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest Financing facilities available Add notes as necessary for an understanding of the position. Amount available Amount used $A'000 $A'000 3.1 Loan facilities 200 200 3.2 Credit standby arrangements - - Estimated cash outflows for next quarter $A'000 4.1 Exploration and evaluation 530 4.2 Development - Total 530 Reconciliation of cash Reconciliation of cash at the end of the quarter Current quarter Previous quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as $A'000 $A'000 follows. 5.1 Cash on hand and at bank 4,979 4,335 5.2 Deposits at call - - 5.3 Bank overdraft - - 5.4 Other - security deposits - - Total: cash at end of quarter (item 1.22) 4,979 4,335 Changes in interests in mining tenements Tenement Nature of interest Interest at Interest at reference beginning end of (note (2)) of quarter quarter 6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining EL22912 Granted 100% 100% tenements acquired or increased EL23463 Granted 100% 100% Issued and quoted securities at end of current quarter Description includes rate of interest and any redemption or conversion rights together with prices and dates. Total number Number quoted Issue price per Amount paid up per security (see note 3) security (see note 3) (cents) (cents) 7.1 Preference +securities (description) 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions 7.3 +Ordinary 139,789,636 139,789,636 securities 7.4 Changes during quarter (a) Increases through issues 6,930,128 6,930,128 (b) Decreases through returns of capital, buy-backs, consolidation (1for3) 7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted 7.7 Options Exercise Price Expiry Date A - Directors, 3,333,333 - 11.25 pence 15 June 2009 Consultants and Employee Options 455,000 - 6.00 pence 29 June 2010 1,000,000 - 8.00 pence 15 June 2009 12,500,000 - 8.00 pence 15 June 2009 B - Listed warrants 66,256,096 - 8.00 pence 15 June 2009 7.8 Issued during 2,750,000 2,750,000 11.25 pence 15 June 2009 quarter 7.9 Exercised during 130,128 130,128 8.00 pence 15 June 2009 quarter 7.10 Expired during quarter 7.11 Decrease through Consolidation 7.12 Unsecured notes (totals only) Compliance statement 1 This statement has been prepared under accounting policies, which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX. 2 This statement does give a true and fair view of the matters disclosed. Sign here: Date: 26 October 2007 (Company Secretary) Print name: DAMIAN DELANEY Enquiries: John Young + 61 (0) 419 954 020 Thor Mining PLC Chief Executive Officer John Simpson 020 7512 0191 ARM Corporate Finance Ltd Nominated Adviser Leesa Peters 020 7429 6600 Conduit PR Limited Public Relations or Jos Simson 020 7429 6603 Nicholas Read + 61 (0) 8 9388 1474 Read Corporate Public Relations -Australia 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. This information is provided by RNS The company news service from the London Stock Exchange

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