Result of AGM

RNS Number : 9800R

Thor Mining PLC

10 November 2021

 

10 November 2021

Thor Mining PLC

Result of AGM

The directors of Thor Mining Plc ("Thor") (AIM, ASX: THR, OTCQB: THORF) announce that at the Annual General Meeting held earlier today, all resolutions were passed.

Proxy results for all resolutions were as follows:

Resolution	For	Discretion of the Chairman	Against	Withheld
1	279,207,823	38,355	2,271,956	1,034,400
2	274,533,706	38,355	7,589,650	367,294
3	203,515,286	38,355	26,525,108	52,473,785
4	203,514,424	38,355	78,582,461	417,294
5	279,306,906	3,323	1,695,003	447,302
6	271,852,060	38,355	8,768,815	1,562,654
7	194,208,376	38,355	34,686,658	53,619,145
8	194,184,847	38,355	86,743,149	1,562,654
9	268,185,887	38,355	10,903,873	3,224,419
10	273,049,001	38,355	8,618,278	846,900
11	274,504,123	38,355	7,492,510	517,546
12	274,504,123	38,355	7,492,510	517,546
13	274,474,123	38,355	7,492,510	547,546
14	272,666,094	38,355	9,202,637	186,098
15	272,292,204	38,355	8,734,330	645,440
16	261,020,767	38,355	20,874,420	618,992
17	240,847,079	38,355	20,875,282	618,992
18	272,105,874	38,355	8,964,313	1,443,992
19	271,288,583	38,355	8,403,585	2,741,361
20	270,207,925	38,355	10,615,941	709,663

 

ISSUE OF DIRECTOR OPTIONS

As a result of the passage of resolutions 6 to 9, the Company will issue Share Options ("Share Options") to the Directors.

Following the issue of Share Options to Directors, each Director will hold:

Director	Existing Options Held	Options to  be issued	Resultant Options held
	Number		Number
Ms Nicole Galloway Warland	4,000,000	12,000,000	16,000,000
Mr Alastair Clayton	-	8,000,000	8,000,000
Mr Mark Potter	8,000,000	8,000,000	16,000,000
Mr Mark McGeough	-	8,000,000	8,000,000

- Ends -

For further information on the Company, please visit www.thormining.com or contact the following: 

Thor Mining PLC
Nicole Galloway Warland, Managing Director Ray Ridge, CFO / Company Secretary	Tel: [phone] Tel: [phone]
WH Ireland Limited (Nominated Adviser and Joint Broker)	Tel: [phone]
Jessica Cave / Darshan Patel / Megan Liddell Jasper Berry (Corporate Broking)
SI Capital Limited (Joint Broker)	Tel: [phone]
Nick Emerson
Yellow Jersey (Financial PR)	[e-mail]
Sarah Hollins / Henry Wilkinson	Tel: [phone]

 

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, and on the Company's twitter page @ThorMining.

About Thor Mining PLC

Thor Mining PLC (AIM, ASX: THR; OTCQB: THORF) is a diversified resource company quoted on the AIM Market of the London Stock Exchange, ASX in Australia and OTCQB Market in the United States.

The Company is advancing its diversified portfolio of precious, base, energy and strategic metal projects across USA and Australia. Its focus is on progressing its copper, gold, uranium and vanadium projects, while seeking investment/JV opportunities to develop its tungsten assets.

Thor owns 100% of the Ragged Range Project, comprising 92 km² of exploration licences with highly encouraging early-stage gold and nickel results in the Pilbara region of Western Australia, for which drilling is currently underway.

At Alford East in South Australia, Thor is earning an 80% interest in copper-gold deposits considered amenable to extraction via In Situ Recovery techniques (ISR). In January 2021, Thor has announced an Inferred Mineral Resource Estimate of 177,000 tonnes contained copper & 71,000 oz gold.¹

Thor also holds a 30% interest in Australian copper development company EnviroCopper Limited, which in turn holds rights to earn up to a 75% interest in the mineral rights and claims over the resource on the portion of the historic Kapunda copper mine and the Alford West copper project, both situated in South Australia, and both considered amenable to recovery by way of ISR.² ³

Thor holds 100% interest in two private companies with mineral claims in the US states of Colorado and Utah with historical high-grade uranium and vanadium drilling and production results.

Thor holds 100% of the advanced Molyhil tungsten project, including measured, indicated and inferred resources⁴, in the Northern Territory of Australia, which was awarded Major Project Status by the Northern Territory government in July 2020.

Adjacent to Molyhil, at Bonya, Thor holds a 40% interest in deposits of tungsten, copper, and vanadium, including Inferred resource estimates for the Bonya copper deposit, and the White Violet and Samarkand tungsten deposits.⁵

Notes

¹ www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210127-maiden-copper.gold-estimate-alford-east-sa.pdf 

² www.thormining.com/sites/thormining/media/pdf/asx-announcements/20172018/20180222-clarification-kapunda-copper-resource-estimate.pdf 

³ www.thormining.com/sites/thormining/media/aim-report/20190815-initial-copper-resource-estimate---moonta-project---rns---london-stock-exchange.pdf

 ⁴www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210408-molyhil-mineral-resource-estimate-updated.pdf  

⁵ www.thormining.com/sites/thormining/media/pdf/asx-announcements/20200129-mineral-resource-estimates---bonya-tungsten--copper.pdf 

 

END

 

 

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