Thor Mining (GB:THR) has released an update.
Thor Energy PLC has announced a promising update to the Mineral Resource Estimate for their Molyhil Tungsten-Molybdenum-Copper Project, highlighting a substantial improvement in the Measured Resource Category, which includes a 150% increase in tonnes and 20% increase in tungsten grade. The update also indicates a 200% increase in contained tungsten metal and reinforces the project’s potential as Investigator Resources Limited is now entitled to a 25% interest, advancing the project towards a joint venture and production. The positive outlook is supported by strong commodity prices and the project’s renewed Major Project status by the Northern Territory government.
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