https://www.miningweekly.com

Thor calls in fund hunters

23rd March 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Mineral developer Thor Mining has appointed corporate advisers to lead the hunt for funding to develop the Molyhil tungsten project, in the Northern Territory.

The company noted that London-based Grant Thornton Corporate Finance had already introduced a number of suitable parties, which were conducting reviews on the Molyhil project, as well as on Thor.

Brookville Capital, and its Australian associate Grand Private Equities, have also been mandated to do the same.

A recent upgraded feasibility study into the Molyhil project estimated that a capital injection of A$70-million would be required to allow for the development of a mine producing 2 000 t/y of tungsten and 1 200 t/y of molybdenum, with a mine life of six years.

“We believe the Molyhil project is robust and we are pleased to have secured the services of these eminently qualified advisers, and that a number of entities are conducting a review,” said Thor executive chairperson Mick Billing.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rio-Carb
Rio-Carb

Rio Carb is an OEM (Original Equipment Manufacturer) of R-C700 Chromium Carbide (CrC) alloy clad wear plates and pipes used for heavy materials...

VISIT SHOWROOM 
WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.043 0.069s - 110pq - 2rq
Subscribe Now