EXPLORATION & DEVELOPMENT

Thor presents stronger looking Molyhil

THOR Mining is on the lookout for financing after a relook at its Molyhil tungsten-molybdenum project north east of Alice Springs saw a development with a net present value of A$101 million and an internal rate of return of 59% outlined.

Thor Mining wants Molyhil to make a lot of cash as well as validate the company's name

Thor Mining wants Molyhil to make a lot of cash as well as validate the company's name

Thor said there was a project finance requirement of US$43 million comprising a total capital expense of A$69 million (US$51 million), offset by approximately A$11 million for mining and power generation...

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