Thor Mining reveals stable financial position and exciting progress plans in quarterly results

Thor Mining sat at 0.68p on Tuesday morning after releasing a set of quarterly results that saw it reveal a robust financial position and a healthy outlook for all of its assets.

In its figures for the three months ended June 2019, the business said its cash position remains ‘sound’, with enough funds in place to cover its scheduled field programs for the remainder of the year. Elsewhere on the financial side, Thor said that it expects to recover just over A$200,00 in annual research and development costs in the September quarter.

Thor Mining plc an AIM listed mining company with tungsten and copper projects in Australia and the USA. Metal Tiger plc (LON:MTR) had an investment of 51,350,000 ordinary shares at 31 December 2017 representing 8% of the issued ordinary share capital of Thor Mining.

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