Thor Mining hebt ab!
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Frankfurt WKN A0F48F
www.thormining.com
1.500.000.000 USD IM BODEN: MOLYBDÄN - WOLFRAM - LAGERSTÄTTE IN AUSTRALIEN
- MARKTKAPITALISIERUNG 12,9 MIO. EURO -
- TESTABBAU SCHON IM GANGE - HOCHGRADIGE MINERALISIERUNGEN DURCH TESTBOHRUNGEN BELEGT - EXTREM NIEDRIGE ABBAUKOSTEN ANGENOMMEN
FAZIT: MASSIV UNTERBEWERTET
KURSPOTENZIAL: ENORM
Noch Fragen? Wir nicht!
THOR MINING PLC
JORC compliant resource estimation
Dated: 23 January 2006
Thor Mining PLC (“Thor”) the mineral exploration and development company focussed on advancing tungsten and molybdenum projects in the Northern Territory of Australia today announced an updated JORC compliant resource estimation for the Molyhil Tungsten and Molybdenum Project (the “Molyhil Project”) following the underground mining and bulk sampling programmes carried out last year.
Highlights
· The Molyhil Project global JORC compliant resource increased to 2.4 million tonnes at 0.80% combined Tungsten (WO3 – Tungsten Oxide) and Molybdenum (MoS2 - Molybdenum Sulphide) after completion of 2005 bulk sampling programme;
· JORC compliant resource grade increased by over 50% from that of the previous indicated resource, estimated from drilling data alone;
· Global JORC compliant resource now contains 6,200 tonnes MoS2 and 13,000 tonnes WO3 representing an increase of 66% and 104% respectively;
· The Molyhil Project deposit remains open at depth with potential to increase resources with deeper drilling;
· Current prices for molybdenum and tungsten remain high; and
· Studies advanced for a 300,000 tonnes per annum mining operation with a minimum five year mine life.
The Molyhil Project – detailed resource update
The Molyhil Project is located 220km north east of Alice Springs within the prospective polymetallic province of the Proterozoic Eastern Arunta Block of the Northern Territory of Australia.
Independent geological consultant, Continental Resource Management Pty Ltd (“CRM”) has completed an updated estimation of the resources at the Molyhil Project in accordance with 2004 JORC guidelines. The resource update was based on the results of a comprehensive underground trial mining and bulk sampling programme (including the sinking of three shafts into the ore body) completed during the second half of 2005 to evaluate the true head grade and mineralogical characteristics of the deposit.
The Molyhil Project deposit consists of two adjacent outcropping iron-rich skarn bodies that contain scheelite and molybdenite mineralisation. The mineralisation is coarse-grained and its distribution is irregular. CRM used information form the recent bulk sampling programmes to update its December 2004 resource estimation.
The updated 2006 global uncut mineral resource is presented below:
UNCUT
Tonnes
WO3 %
MoS2 %
Combined %
Measured
370,000
0.52
0.32
0.85
Indicated
1,750,000
0.52
0.26
0.77
Inferred
250,000
0.7
0.2
0.9
TOTAL
2,380,000
0.54
0.26
0.80
Note: Totals may differ from sum of individual items due to rounding.
The resource with a lower block cut of 0.10% Mo-equivalent is estimated as set out in the table below. (Mo-equivalent is Mo% plus 0.25W%):
0.10% LOWER BLOCK CUT
Tonnes
WO3 %
MoS2 %
Combined %
Measured
340,000
0.57
0.35
0.92
Indicated
1,200,000
0.70
0.34
1.04
Inferred
150,000
1.1
0.3
1.4
TOTAL
1,730,000
0.70
0.34
1.04
Note: Totals may differ from sum of individual items due to rounding.
This resource has only been estimated to a depth of 150m (RL 250m). The measured resource is estimated to a depth of 45m (RL 355m).
The Molyhil Project previously had an indicated resource of 1,530,000 tonnes at 0.32% WO3 and 0.19% MoS2 (combined grade 0.52%) and an inferred resource of 500,000 tonnes at 0.25% WO3 and 0.15% MoS2 (combined grade 0.4%).
The 2005 underground exploration programme included the sinking of three shafts and cross cuts at the base of each shaft to extract bulk samples from the ore body. The samples from all cross-cuts were assayed at Australian Laboratory Services in Perth. In addition, surface bulk sampling data from three costeans were utilised.
Resource Methodology
The resources were estimated by geo-statistical interpolation using the inverse distance squared method. Block sizes were 5m x 5m x 5m for the southern body and 15m x 5m x 5m for the Yacht Club body. The resources were estimated within wire frames, constructed to contain the significant bodies of iron-rich skarn. The bulk sampling programmes demonstrated that the previous drill samples underestimated the grade of the deposit. Consequently, the grades of those parts of the deposit that were estimated solely from drill analyses have been adjusted to account for this underestimation.
Preliminary mine designs and planning will now commence and the scoping study is due to be completed in the March 2006 quarter.
JORC Compliance
CRM consents to the inclusion of the information relating to the mineral resources in this announcement in the form and context in which it appears.
Enquiries:
John W Barr
+61 418 912 885
Thor Mining PLC
Executive Chairman
John Simpson
020 7512 0191
ARM Corporate Finance Ltd
Nominated Adviser
Abigail Singleton
020 7429 6666
Conduit PR
Public Relations
Updates on the Company’s activities are regularly posted on Thor’s website, which includes a facility to register to receive these updates by email.
Next Stage For Thor Mining Is Metallurgical Testwork Results At Molyhil Project.
By Henry Sandford
AIM listed Thor Mining pleased shareholders a fortnight ago by issuing an increased resource statement for its main asset, the Molyhil molybdenum-tungsten project in Australia’s Northern Territory. Having been up and down since the company listed at 2.75p, Thor’s shares now stand at 3.75p, so they have not got very far yet.
The JORC compliant resource at Molyhil now stands as follows: 2.4 million tonnes grading 0.80% combined tungsten, as trioxide, and molybdenum, as disulphide. The updated resource statement makes some strides in both grade and size, backing up Thor’s earlier convictions about the deposit’s potential, according to the company’s executive chairman John Barr. Barr is also chairman of ASX listed Tennant Creek Gold , which held the Molyhil project before forming Thor to develop the project along with two other assets, and remains Thor’s largest shareholder.
The next key steps forward for Thor will be the receipt of metallurgical test results, which is expected in March, and the start of serious mine planning. This could lead towards first production at Molyhil in 2007, probably at an ore throughput rate of around 300,000tonnes/year. Key attributes of the Molyhil project as a mine would be the removal of much overburden already by previous mining, which would ease the creation of an open pit, and a relatively high resource grade.
This means that there is the potential for Thor to come into production at a decent position on both the molybdenum and tungsten sector cost curves. Barr prefers to wait for metallurgical results before conjecturing with any exactness on where operating costs might fall, but expects up-front capital requirements to amount to around A$20million.
Risks to the project include the metallurgical test work, though this is reduced to an extent by the fact that the deposit has been mined without metallurgical difficulty before. Another risk is that of delay as a result of the tight markets in equipment, services and labour, though this applies to most projects underway worldwide. Comfortingly, all the necessary permits for a mine at Molyhil are reported by Barr to be in place.
The biggest single risk is the price of molybdenum, which some expect to fall back further since hitting a peak of around US$30/lb. But given that it would be a fairly low cost producer, Thor perhaps need not be too worried. In addition, the Molyhil project, by virtue of its ore body composition, is weighted towards tungsten production, and tungsten is a metal for which a stronger price prognosis can be made than for molybdenum, which may have been a bit too hot for a bit too long. Barr imparts,though, that the price of either metal could fall substantially before the viability of the Molyhil project would be jeopardised.
Thor also has a further molybdenum-tungsten project and a pure tungsten project to its name. The former, Thring Creek, is located only 24kms from Molyhil, and though much earlier stage than Molyhil, if Thring Creek were eventually proved suitable for mining, attractive synergies could be facilitated. Drilling on Thring Creek is slated for April, and will focus on a large anomaly identified during an aeromagnetic survey conducted last year that is reportedly uncannily close to matching the magnetic signature of Molyhil.
More distant, at 325kms, is the Hatches Creek project, a historic producer of tungsten and one that Thor hopes is ripe for revival. No appraisal of the potential for renewed mining has been carried out on site for many years, but the company intends to begin drilling in March or April, and Barr believes that the results could be “spectacular’.
So, what to watch out for from here? If the metallurgical test results for Molyhil are sufficiently positive when they are announced in March, Thor could get a full feasibility study underway on the project quite soon. This might well get the shares on the move, as would promising exploration results from the Thring Creek or Hatches Creek projects.
Companies featured in this Story
Thor Mining Plc (AIM-THR)
Dies alles besagt, dass es eigentlich sehr gut steht um Thor Mining und die nächsten 2-3 Monate ne Menge an News anstehen, die diese Aktie in den Himmel heben können. Es werden somit folgende Daten im März und April erwartet :
Thring Creek Bohranfang April
Hatches Creek Bohranfang März oder April
Wo geglaubt wird, dass die Bohrergebnisse "spektakulär" ausfallen könnten !
Und zum guten Schluß die Machbarkeitsstudie bezüglich Abbau von Tungsten, Molybdenum,
die Ende März erwartet wird.
Der Kurs ist in letzter Zeit wieder abgesackt und bietet meines Erachtens ein sehr gutes Einstiegspotenzial, da dieser Abschlag nur darauf zurückzuführen ist, dass Leute mit Verlust raus sind und das Geld nicht solange liegen lassen wollen.
Also ich rechne fest damit, dass der wahre Wert dieser Aktie spätestens nach oben genannten Bekanntgaben erkannt wird und die Aktie nicht mehr unter 0,10€ zu haben ist,
übrigens 0,30€ war die Empfehlung eines Research Unternehmens, sage und schreibe 500%
mehr.
Die Gelegenheit ist also da, ganz am Anfang dabei zu sein !
mit freundlicher Empfehlung
TAGESWERT
Wer ist mir dabei?
Tageswert
wir möchten Ihnen nun unsere neue Depotaufnahme vorstellen. Unseren Premiumabonnenten teilten wir bereits mit, um wen es sich handelt.
________________20.03.2006, 22:30 Uhr____________________
Unser neuer Vorschlag ist: THOR MINING PLC (ISIN: GB00B094W622, Symbol: T5M)
Es handelt sich um ein Explorerunternehmen mit aussichtsreichen Wachstumschancen. Das fortgeschrittenste Projekt von Thor ist das Molyhil-Molybdän-Thungsten-Projekt. Vor allem bei den Thungstenpreisen läßt sich ein Aufwärtstrend erwarten.
Am 17.03.2006 wurde im Rahmen der Veröffentlichung des Geschäftsberichts nochmals auf die Bekanntgabe der Machbarkeitsstudie bezüglich des. o.g. Projektes hingewiesen, die vermutlich positiv ausfallen wird.
Derzeit befindet sich Thor bei ca. 0.045 Euro pro Share. Unser kurzfristiges Kursziel (Ende März/Anfang April) liegt bei 0,065 Euro. Bei Abbaubeginn sollte Thor bei rund 0,30 Euro stehen, was einer Performance von über +500% entspricht.
Mit freundlichen Grüßen
Ihr Team von smallcapservice.de
Tageswert
Viel Glück allen Investierten...
Tageswert
Anfang April können wir uns das erste mal freuen, wenn das mit der Produktion für Januar durch ist und dann folgen auch schon Bohrungen von Hatches Creek.
Warten zahlt sich meistens aus...
Kurse unter 0.05 wird es ganz sicher nicht mehr lange geben.
soll ich einsteigen
was ist das kursziel bei dieser aktie
Dazu kommt das dies nur ein Projekt ist, zwei weitere werden folgen...
Ob du nun einsteigst oder nicht kann ich nicht beantworten, aber ich müsste mich schon sehr täuschen wenn wir nächste Woche nicht über 0,10 stehen.
Gruss
Tageswert
auch in London sieht es prächtig aus. Hoffe wir schliessen heute im grünen Bereich und ab nächste Woche geht das Rennen weiter.
Tageswert
Schönes WE allen Investierten.
Tageswert