ASX Appendix 5B Report

Thor Mining PLC
31 January 2008

                             THOR MINING PLC

                  Appendix 5B - December 2007 Quarterly Report

Dated: 31 January 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 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                                                      31 December 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                (382)              (719)
                            (b)   development expenditure                   (213)              (414)
                            (c)   production                                    -                  -
                            (d)   administration                            (391)            (1,071)
1.3    Royalties received                                                       -                  -
1.4    Interest and other items of a similar nature received                   63                118
1.5    Interest and other costs of finance paid                                 -                  -
1.6    Income taxes paid                                                        -                  -
1.7    Other                                                                   82                 82
       Net Operating Cash Flows                                             (841)            (2,004)
       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                   (14)               (23)
                                     (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                                              (14)               (23)
1.13   Total operating and investing cash flows (carried                    (855)            (2,027)
       forward)


       Total operating and investing cash flows (brought  forward)                   (855)           (2,027)


       Cash flows related to financing activities


1.14   Proceeds from issues of shares, options, etc. (net of expenses)                 124             1,946
1.15   Payment for shares                                                                -                 -
1.16   Proceeds from borrowings                                                          -                 -
1.17   Repayment of borrowings                                                         (7)              (13)
1.18   Dividends paid                                                                    -                 -
1.19   Other                                                                             -                 -
       Net financing cash flows                                                        117             1,933
       Net increase (decrease) in cash held                                          (738)              (94)
1.20   Cash at beginning of quarter/year to date                                     4,979             4,335
1.21   Exchange rate adjustments to item 1.20                                            -                 -
1.22   Cash at end of quarter                                                        4,241             4,241

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                             91
         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                                                                     967
4.2   Development                                                                                      -
      Total                                                                                          967



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                                         4,241                     4,979
5.2   Deposits at call                                                     -                         -
5.3   Bank overdraft                                                       -                         -
5.4   Other - security deposits                                            -                         -
      Total: cash at end of quarter (item 1.22)                        4,241                     4,979

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
      tenements acquired or
      increased



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              140,455,903      140,455,903
      securities
7.4   Changes during
      quarter
      (a)  Increases
      through issues             666,267          666,267
      (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               2,750,000                -      11.25 pence            15 June 2009
      warrants                65,589,829                -      8.00 pence             15 June 2009

7.8   Issued during
      quarter
7.9   Exercised during           666,267          666,267      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: 25 January 2008
              (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                    Blomfield Corporate Finance         Nominated Adviser
                                                       Ltd
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.


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