Thor Mining notes substantial resource estimate at Australian copper prospect
Source - SMW
Thor Mining said a substantial resource estimate containing 119,000 tonnes of copper had been released by the companies Environmental Copper Recovery and Terramin Australia.
Thor said it was earning up to a 60% interest in ECR, which in turn was earning, from Terramin, up to a 75% interest in the mineral rights and claims over the portion of the Kapunda copper mine in South Australia.
Subject to full earn in, Thor would therefore hold an effective 45% interest in Kapunda.
At 8:13am: (LON:THR) Thor Mining PLC share price was -0.25p at 3.75p