Appendix 5B

Thor Mining PLC
14 April 2008

                                 THOR MINING PLC

                   Appendix 5B - March 2008 Quarterly Report


Dated: 14 April 2008


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 quarterly report

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

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                                                      31 March 2008



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                       (422)            (1,141)
                     (b)   development expenditure                          (152)              (566)
                     (c)   production                                           -                  -
                     (d)   administration                                   (351)            (1,422)
1.3    Royalties received                                                       -                  -
1.4    Interest and other items of a similar nature received                   49                167
1.5    Interest and other costs of finance paid                                 -                  -
1.6    Income taxes paid                                                        -                  -
1.7    Other                                                                    -                 82
       Net Operating Cash Flows                                             (876)            (2,880)


       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                      (6)               (29)
                                  (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                                               (6)               (29)
1.13   Total operating and investing cash flows (carried                    (882)            (2,909)
       forward)

1.13   Total operating and investing cash flows (brought  forward)          (882)            (2,909)


       Cash flows related to financing activities

1.14   Proceeds from issues of shares, options, etc. (net of expenses)          -             1,946
1.15   Payment for shares                                                       -                 -
1.16   Proceeds from borrowings                                                 -                 -
1.17   Repayment of borrowings                                                (9)              (22)
1.18   Dividends paid                                                           -                 -
1.19   Other                                                                    -                 -
       Net financing cash flows                                               (9)             1,924
       Net increase (decrease) in cash held                                 (891)             (985)
1.20   Cash at beginning of quarter/year to date                            4,241             4,335
1.21   Exchange rate adjustments to item 1.20                                   -                 -
1.22   Cash at end of quarter                                               3,350             3,350

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                            204
         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                                                         250                      250


3.2     Credit standby arrangements                                               -                        -





Estimated cash outflows for next quarter

                                                                                                 $A'000
4.1   Exploration and evaluation                                                                   1,280


4.2   Development                                                                                      -


      Total                                                                                        1,280



Reconciliation of cash

Reconciliation of cash at the end of the quarter                Current quarter          Previous quarter
(as shown in the consolidated statement of cash                 $A'000                   $A'000
flows) to the related items in the accounts is as   
follows.
5.1   Cash on hand and at bank                                         3,350                     4,241
5.2   Deposits at call                                                     -                         -
5.3   Bank overdraft                                                       -                         -
5.4   Other - security deposits                                            -                         -
      Total: cash at end of quarter (item 1.22)                        3,350                     4,241

Changes in interests in mining tenements


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



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              140,468,949      140,468,949
      securities
7.4   Changes during
      quarter
      (a)  Increases
      through issues              13,046           13,046
      (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

                               2,750,000                -      11.25 pence            15 June 2009
      
      B - Listed              65,576,783                -      8.00 pence             15 June 2009
      warrants
7.8   Issued during
      quarter
7.9   Exercised during            13,046           13,046      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: 8 April 2008

                    (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           Blomfield 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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