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FOLLOWING on from a positive outcome for the scoping study of its $A20 million Molyhil molybdenum-tungsten project in the Northern Territory, AIM-listed Thor Mining aims to complete a definitive feasibility on the project by the end of this year.
The scoping study estimated pre-tax cash flows of $140 million for Molyhil over its initial four-year life, with operating costs pegged at $80 per tonne of ore and capital costs at $20 million.
Scoping study for Thor Mining's Pilot Mountain tungsten project outlines 12-year life
Positive Molyhil results for Thor
