Share Price Movement

RNS Number : 6573X

Thor Mining PLC

09 December 2010

 

THOR MINING PLC

Share Price Movement

Dated: 9 December 2010

The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM, ASX: THR) the exploration company focussed on gold and base metal projects and advancing tungsten-molybdenum projects in the Northern Territory of Australia, today released the following report on the Australian Securities Exchange ("ASX") as required under the listing rules of the ASX.

A copy of the letter to ASX can be accessed via the attached link:

http://www.rns-pdf.londonstockexchange.com/rns/6573X_-2010-12-9.pdf 

The Directors of Thor have noted that the share price of the Company quoted securities on The Australian Securities Exchange, and the AIM Market of the London Stock Exchange Plc ("AIM"), has risen in the past few days and offer that either or both of the following factors may have influenced the price and volume of the THR securities:-

·      The current high market price for gold and the previously announced 
encouragement from exploration activities at the Dundas Gold Project, in the Albany Fraser Belt near Norseman, in Western Australia; and

·      The continued strengthening of the quoted international price for tungsten 
(Reference Metal Pages.com) which may have a positive impact on the economics of the Molyhil Molybdenum/Tungsten project in Northern Territory.

The directors believe the Company is in compliance with the AIM Rules.

Enquiries:

Mick Billing	[phone]	Thor Mining PLC	Executive Chairman
Allan Burchard	[phone]	Thor Mining PLC	CFO/Company Secretary
John Simpson	[phone]	Daniel Stewart & Co. plc	Nominated Adviser

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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