ASX Appendix 5B Report

Thor Mining PLC
31 October 2007

                                 THOR MINING PLC



               ASX Appendix 5B - September 2007 Quarterly Report


Dated: 31st October 2007



Thor Mining PLC ('the Company' or 'Thor'), AIM, ASX: 'THR' the specialist metals
company focused on advancing tungsten-molybdenum and uranium projects in the
Northern Territory of Australia, today released the following report on the
Australian Stock Exchange ('ASX'),as required under the rules of the ASX.



                   Mining exploration entity quarterly report

Introduced 1/7/96.  Origin:  Appendix 8.  Amended 1/7/97, 1/7/98.




Name of entity

THOR MINING PLC




ACN or ARBN                                    Quarter ended ('current quarter')
121 117 673                                    30 September 2007



                                            Consolidated statement of cash flows


                                                               Current quarter    Year to date

Cash flows related to operating activities                     $A'000             $A'000


1.1    Receipts from customers                                       -                  -

1.2    Payments for  (a)   exploration and evaluation            (337)              (337)

                            (b)   development expenditure        (201)              (201)

                            (c)   production                         -                  -

                            (d)   administration                 (680)              (680)
1.3    Royalties received                                            -                  -

1.4    Interest and other items of a similar nature received        55                 55

1.5    Interest and other costs of finance paid                      -                  -

1.6    Income taxes paid                                             -                  -

1.7    Other                                                         -                  -
       Net Operating Cash Flows                                (1,163)            (1,163)


       Cash flows related to investing activities
1.8    Payment for purchases of:    (a)  prospects                   -                  -

                                    (b)  controlled entity 
                                         (net of  cash acquired)     -                  -

                                    (c) other fixed assets         (9)                (9)

                                    (d) development assets           -                  -
                                                                               
1.9    Proceeds from sale of:       (a) prospects                    -                  -

                                    (b) equity investments           -                  -
       
                                    (c) controlled entity            -                  -

                                    (d) other fixed assets           -                  -

1.10   Loans to other entities                                       -                  -

1.11   Loans repaid by other entities                                -                  -

1.12   Other                                                         -                  -

       Net investing cash flows                                    (9)                (9)

1.13   Total operating and investing cash flows (carried       (1,172)            (1,172)
       forward)


1.13   Total operating and investing cash flows (brought  
       forward)                                                (1,172)            (1,172)


       Cash flows related to financing activities


1.14   Proceeds from issues of shares, options, etc. 
       (net of expenses)                                         1,822               1,822

1.15   Payment for shares                                            -                   -

1.16   Proceeds from borrowings                                      -                   -

1.17   Repayment of borrowings                                     (6)                 (6)

1.18   Dividends paid                                                -                   -

1.19   Other                                                         -                   -

       Net financing cash flows                                  1,816               1,816

       Net increase (decrease) in cash held                        644                 644

1.20   Cash at beginning of quarter/year to date                 4,335               4,335

1.21   Exchange rate adjustments to item 1.20                        -                   -

1.22   Cash at end of quarter                                    4,979               4,979


        Payments to directors of the entity and associates of the directors
Payments to related entities of the entity and associates of the related entities

                                                                       Current quarter
                                                                       $A'000


1.23     Aggregate amount of payments to these parties included in item     114
         1.2


1.24     Aggregate amount of loans to these parties included in item 1.10     -


1.25     Explanation necessary for an understanding of the transactions


                       Non-cash financing and investing activities

2.1    Details of financing and investing transactions which have had a material 
       effect on consolidated assets and liabilities but did not involve cash 
       flows



2.2    Details of outlays made by other entities to establish or increase their 
       share in projects in which the reporting entity has an interest


                                                 Financing facilities available

Add notes as necessary for an understanding of the position.


                                                          Amount available         Amount used
                                                          $A'000                   $A'000
3.1     Loan facilities                                      200                      200


3.2     Credit standby arrangements                            -                        -


                                                 Estimated cash outflows for next quarter

                                                          $A'000
4.1   Exploration and evaluation                             530


4.2   Development                                              -


      Total                                                  530



Reconciliation of cash

Reconciliation of cash at the end of the quarter       Current quarter          Previous quarter
(as shown in the consolidated statement of cash
flows) to the related items in the accounts is as          $A'000                    $A'000
follows.

5.1   Cash on hand and at bank                              4,979                     4,335

5.2   Deposits at call                                          -                         -

5.3   Bank overdraft                                            -                         -

5.4   Other - security deposits                                 -                         -

      Total: cash at end of quarter (item 1.22)             4,979                     4,335

                                                          Changes in interests in mining tenements


                               Tenement          Nature of interest            Interest at Interest at
                               reference                                       beginning   end of
                                                 (note (2))                    of quarter  quarter
6.1   Interests in mining
      tenements relinquished,
      reduced or lapsed

6.2   Interests in mining      EL22912           Granted                          100%         100%
      tenements acquired or
      increased                EL23463           Granted                          100%         100%



                                                          Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights
together with prices and dates.


                         Total number    Number quoted    Issue price per       Amount paid up per
                                                          security (see note 3) security (see note 3)
                                                          (cents)               (cents)
7.1   Preference
      +securities
      (description)

7.2   Changes during
      quarter

      (a)  Increases
      through issues

      (b)  Decreases
      through returns of
      capital,
      buy-backs,
      redemptions

7.3   +Ordinary         139,789,636    139,789,636
      securities

7.4   Changes during
      quarter

      (a)  Increases
      through issues      6,930,128      6,930,128

      (b)  Decreases
      through returns of
      capital,
      buy-backs,
      consolidation
      (1for3)

7.5   +Convertible debt
      securities
      (description)

7.6   Changes during
      quarter

      (a)  Increases
      through issues

      (b)  Decreases
      through securities
      matured, converted

7.7   Options                                                Exercise Price          Expiry Date

      A - Directors,          3,333,333          -            11.25 pence            15 June 2009
      Consultants and
      Employee Options          455,000          -             6.00 pence            29 June 2010

                              1,000,000          -             8.00 pence            15 June 2009

                             12,500,000          -             8.00 pence            15 June 2009
      B - Listed              
      warrants               66,256,096          -             8.00 pence            15 June 2009


7.8   Issued during           2,750,000  2,750,000            11.25 pence            15 June 2009
      quarter

7.9   Exercised during          130,128    130,128             8.00 pence            15 June 2009
      quarter

7.10  Expired during
      quarter

7.11  Decrease through
      Consolidation

7.12  Unsecured notes
      (totals only)



Compliance statement



1   This statement has been prepared under accounting policies, which
    comply with accounting standards as defined in the Corporations Act or other
    standards acceptable to ASX.



2   This statement does give a true and fair view of the matters disclosed.




Sign here:                                   Date: 26 October 2007

(Company Secretary)



Print name:       DAMIAN DELANEY





Enquiries:


John Young     + 61 (0) 419 954 020    Thor Mining PLC           Chief Executive
                                                                         Officer

John Simpson   020 7512 0191           ARM Corporate Finance Ltd       Nominated 
                                                                         Adviser


Leesa Peters   020 7429 6600           Conduit PR Limited       Public Relations
       or
Jos Simson     020 7429 6603


Nicholas Read  + 61 (0) 8 9388 1474    Read Corporate           Public Relations
                                                                      -Australia




Updates on the Company's activities are regularly posted on Thor's website
www.thormining.com, which includes a facility to register to receive these
updates by email.




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