Company Information for Thor Mining Plc

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Company Statement

Thor is a minerals exploration and development company focused on exploring and developing specialty metals projects. The Board seeks to increase shareholder value by systematically exploring its resource portfolio.

Thor’s Directors are experienced in the mineral and finance sectors. They are practised in: evaluating mining assets; raising funds on international capital markets; evaluating acquisition and investment prospects and the day to day management of public companies.

Thor has a portfolio of properties in the Northern Territory of Australia.

Current Operations

THE MOLYHIL TUNGSTEN-MOLYBDENUM PROJECT
The Molyhil deposit occurs in two adjacent skarn bodies that contain outcropping molybdenite and scheelite mineralisation.  Since mid 2004 it has been the subject of systematic testwork comprised of geophysical exploration, diamond and RC drilling programmes, surface and underground bulk sampling, metallurgical testwork and a geotechnical study.

Subsequent to the completion of the 2006 resource statement, Thor completed a DFS in 2006.  The study confirmed that the project is technically and economically viable, with strong financial returns and rapid capital payback.
In 2007 a new resource was completed and the mining plan and economies will be reassessed.

URANIUM ASSETS
Thor acquired a number of project areas in the Northern Territory of Australia with prosepectivity for uranium mineralisation with a history of exploration and proximity to existing discoveries. Several of the projects have had prior exploration, which was in most cases inadequate. The projects are at various stages of evaluation.

Hale River Project
The Hale River project covers 160km2 of Tertiary basin sediments. These sediments are prospective for palaeochannel roll-front type uranium deposits. Previous exploration of this project area, undertaken between 1979 and 1981, delineated a redox front within sands containing anomalous uranium.

The tenement constituting this project is granted. The Company’s exploration program commenced with an airborne HoistEM survey over the interpreted redox boundaries and was followed by drilling of target zones. Previously identified lignite seam will also be drilled as these represent for high-grade uranite of coffinite where lignite has been replaced by black uranium oxides.

Harts Range Project
The Harts Range project cover 362km2 of the Proteerozoic Harts Range Metamorphic Complex. The tenements were explored for uranium between 1992 and 1995 following the flying of the airborne radiometric and magnetic surveys. Numerous occurrences of uranium mineralisation were found, many of which were associated with alteration along structural breaks or contacts.
Thor’s proposed exploration program at Harts Range will initially focus on structurally controlled high-grade mineralisation and will comprise detailed field mapping, ground surveys and follow up drilling.

The tenements on which this project if located are granted tenements.

Plenty Highway and Bundey River Projects
Thor’s contiguous Plenty Highway and Bundey projects contain about 1,200 km2 of Tertiary sediments which cover ion internally drained area within the Proterozoic Arunta Block. The sediments have the potential to host economic palaeochannel uranium mineralisation.

The Plenty Highway tenement has been granted. The Bundey River tenement is still under application.

Curtis Pound Prospect
The Curtis Pound project is situated over Proterozoic rocks of the Tennant Inlier and contains a number of identified radiometric anomalies.

The tenements on which this project is located are granted.

Geographical Spread

Northern Australia

Board of Directors and Key Management

John W Barr	Executive Chairman
John A Young	Chief Executive Officer
Mark Smyth	Non-executive
Greg M Durack	Non-executive Director
Damian Delaney	Chief Financial Officer and Joint Company Secretary
Stephen F Ronaldson	Joint Company Secretary
Phil Tribbick	Project Manager

Company Address Thor Mining 55 Gower Street London, United Kingdom WC1E 6HQ Telephone: +61 8 93 27 09 00 Facsimile: +61 8 93 27 09 01 Email: corporate[at]thormining.com Website: http://www.thormining.com

Additional Address/Key Contact Australian Office Sunsphere Pty Ltd Level 1 282 Rokeby Road Subiaco 6005 Western Australia AUSTRALIA Postal Address Sunsphere Pty Ltd PO Box 1126 Subiaco 6904 Western Australia AUSTRALIA

Capital Ordinary Shares on Issue - 149,470,949

Year End 20 June

Nominated Brokers ARM Corporate Finance Ltd

Nominated Advisors ARM Corporate Finance Ltd

Broker/Analyst Reports

06/11/07 - Hardman & Co.
05/11/06 - Thor Mining Plc

Major Shareholders

Western Desert Resources Limited	16.01%
Vidacos Nominees Limited	7.10%
ANZ Nominees Limited	3.61%
Credit Suisse Client Nominees (UK) Ltd	3.35%
Others	69.93%

Related News

03/03/08 - Thor Mining Waiting For Chinese Takeaway
06/08/07 - Thor Mining Has Some Enviable Quality In Its Assets
04/12/06 - Thor Mining Receives Positive Feasibility For Its Molyhill Tungsten/Molybdenum Project

Most Recent Statement

29/07/08 - Hatches Creek Sample Results
29/05/08 - Grant of Molyhil Mining Leases
28/05/08 - Uranium Exploration Update
30/04/08 - WESTERN DESERT RESOURCES ACQUIRES SUBSTANTIAL SHAREHOLDING IN THOR
14/04/08 - Quarterly Report
12/03/08 - THOR SIGNS MOLYHIL OFFTAKE AGREEMENT