Thor Mining has published annual results for the year to end June 2021.
Thor owns 100% of the Ragged Range Project in Western Australia where drilling is planned in the second half of 2021.
At Alford East in South Australia, Thor is earning an 80% interest in copper deposits considered amenable to extraction via In Situ Recovery techniques (ISR).
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,
Losses for the year just ended were GBP2.1mln against GBP922,000.
Thor Mining will be holding a Q & A session with its managing director on 11 October 2021.