Thor Mining is an exploration and development company based on AIM and the ASX. It has a number of advanced core assets including the flagship Tungsten/Molybdenum project, Molyhil, which is poised for development. Adding to this is Pilot Mountain, a growing Tungsten resource and Kapunda – an exciting copper development project.
Thor’s focus on Tungsten is actually a shrewd one. Tungsten is known as one of the toughest things found in nature. It is super dense and almost impossible to melt. These properties make tungsten valuable for many applications, including electrical, manufacturing, construction and chemical.
In recent times, the price of Tungsten has been a bit rosier. To put this into perspective for those that are interested in metals, the current price of Tungsten is around US$30,000 per ton – this is 4 times more valuable than copper at present. The bullishness of the metal signifies that with positive outlooks for global growth, demand for the metal is coming back with a bang and has an exciting story ahead of it.
Mick Billing, executive chairman of Thor Mining, said the Pilot Mountain tungsten project in Nevada was going to be “quite a monster,” with five-to-ten years life as a low-cost open pit and at least 15-year underground life after that.
