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Thor Mining pots first-half loss; seeks financing for Australia tungsten play

By BFN News | 01:26 PM | Friday 21 September, 2018


London and Sydney-listed company Thor Mining posted an annual loss as it continued to develop its prospects in Australia and the US. Pre-tax losses for the year through June 30 amounted to £1.25m, unchanged on-year. In August, Thor announced an upgraded definitive feasibility study for its Molyhil tungsten and molybdenum project in Australia's Northern Territory. 'Our objective in the coming months is to secure finance for the Molyhil project, in order to commence development in the early part of 2019, and first production around 12 months from then,' the company said. At 1:26pm: (LON:THR) Thor Mining PLC share price was -0.03p at 1.55p Story provided by StockMarketWire.com

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