Thor Mining appoints Mark McGeough to its Board as Non-Executive Director

– UK, London / AUSTRALIA, Marleston –  Thor Mining PLC (LON: THR | ASX: THR) today announced the appointment of Mark McGeough to its Board as a Non-Executive Director with immediate effect.

“We are pleased to announce the appointment of Mark as a Non-Executive Director of Thor. Mark has an outstanding background as a geologist and manager of people and processes, and has a wealth of experience with commodities which are a particular focus for Thor, including copper, gold, molybdenum, and uranium, and we are very pleased to add his strengths to our team.” said Executive Chairman, Mick Billing.

About Mark McGeough

Mark McGeough has worked with a number of Australian Mining Companies, including:

Chinova Resources Pty Ltd (formerly Ivanhoe Australia) where, as General Manager – Geology, provided corporate governance leadership, and led technical teams working on copper, gold, and molybdenum/rhenium resources

Toro Energy Limited where, as General manager Exploration, he was responsible for teams exploring for uranium in Australia and Namibia, including discovery of the Theseus Uranium deposit.

Prior to these roles, Mark worked as Manager – Geological Survey with the South Australian government department of Primary Industries and Resources, and with Mount Isa Mines, Xstrata Copper and Zinc

Mark McGeough graduated with a B.Sc Joint Honours in Geography and Geology from the University of London in 1976.

About Thor Mining PLC

Thor Mining PLC is a resources company quoted on the AIM Market of the London Stock Exchange and on ASX in Australia.

Thor holds 100% of the advanced Molyhil tungsten project in the Northern Territory of Australia, for which an updated feasibility study in August 2018¹ suggested attractive returns.

Adjacent Molyhil, at Bonya, Thor holds a 40% interest in deposits of tungsten, copper, and vanadium, including Inferred Resource estimates for the White Violet and Samarkand tungsten deposits and the Bonya copper deposit².

Thor also holds 100% of the Pilot Mountain tungsten project in Nevada USA which has a JORC 2012 Indicated and Inferred Resources Estimate³ on 2 of the 4 known deposits. The US Department of the Interior has confirmed that tungsten, the primary resource mineral at Pilot Mountain, has been included in the final list of Critical Minerals 2018.

Thor holds a 25% interest Australian copper development company EnviroCopper Limited (with rights to increase its interest to 30%). EnviroCopper Limited holds:

  • rights to earn up to a 75% interest in the mineral rights and claims over the resource⁴ on the portion of the historic Kapunda copper mine in South Australia considered recoverable by way of in situ recovery; and
  • rights to earn up to 75% of the Moonta copper project, also in South Australia comprising the northern portion of exploration licence EL5984 and includes a resource estimate⁵ for several deposits considered recoverable by way of in situ recovery.

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