General Meeting and Update on Molyhil

RNS Number : 5508D

Thor Mining PLC

17 May 2012

 

17 May 2011

THOR MINING PLC

GENERAL MEETING RESULTS

And

UPDATE ON MOLYHIL

The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM, ASX: THR) the exploration company focused on gold and base metal projects and advancing tungsten-molybdenum projects in the Northern Territory of Australia, are pleased to announce that all Resolutions proposed at the General Meeting of the Company held on Thursday 17 May 2012 in London, were duly passed without amendment.

Commenting, on latest developments, Mick Billling, Thor's Executive Chairman said:  

"We are now close to having the findings of the Definitive Feasibility Study on Molyhil, with the ore reserve expected in the next few weeks and the mining report shortly thereafter. What is already clear now, however, is that at the prevailing price for Tungsten, Molyhill has the potential for an early payback of the capital required for its development"

A copy of the Notice of General Meeting, detailing the resolutions, is available from the Company's website at www.thormining.com

Enquiries:

Mick Billing	[phone]	Thor Mining PLC	Executive Chairman
Allan Burchard	[phone]	Thor Mining PLC	CFO/Company Secretary
Gerry Beaney David Hignell	[phone]	Grant Thornton Corporate Finance	Nominated Adviser
Nick Emerson Renato Rufus	[phone]	Simple Investments	Broker
Alex Walters	[phone]	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.

 

END

 

 

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