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Thor Mining to shift focus to Pilot Mountain, Molyhil, Kapunda projects

Following a strategic business review, Thor Mining PLC said March 9 that it has decided to focus on its Pilot Mountain tungsten-silver-copper project, the Molyhil tungsten-molybdenum project and the Kapunda copper project.

At the Pilot Mountain project in Nevada, the company kicked off a scoping study in late February to provide operating and development parameters.

Meanwhile, Thor is preparing an upgraded definitive feasibility study at the Molyhil project in the Northern Territory, Australia. The company recently extended the life of its open-cut Molyhil mine by 17% to seven years after completing a revised ore reserves study.

Thor holds a 45% earn-in right for the Kapunda project in South Australia, and is working to advance the project after partner Terramin Australia Ltd. reported an initial estimate of in-situ resources totaling 47.4 million tonnes grading 0.25% copper for 119,000 tonnes of copper in the inferred category.