DFS’s Early Economic Ticks for Thor’s $66 Million NT Moly and Tungsten Project

Mineweb reported that results of a Definitive Feasibility Study on Thor Mining PLC’s (AIM:THR,ASX:THRO) Molyhil have been received.

As quoted in the market news:

Highlights

•         Estimate based on Phase 1 pit of 1.4 million tonnes of ore

•         Cash operating margins of A$98/tonne of ore processed

•         Capital expenditure estimate of A$66 million

•         Upside potential

•         Revised Ore Reserve and Mining Plan in progress

•         Feasibility Study now estimated to be complete during November

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