Thor Mining PLC (LON:THR ASX:THR) has halted trading in its shares on the Australian stock exchange ahead of a new resource statement for the Kapunda copper mine.
Project developer Terramin Australia (ASX:TZN) has informed Thor that the JORC 2012 inferred resource will be larger than the previous resource estimate (produced in 1992) and cover the part of the deposit amenable to in-situ recovery methods.
The 1992 resource estimate indicated a resource of 3.7mln tonnes at 1.2% copper, about 44,400 tonnes of contained metal, with additional exploration potential.
Thor, which has an option to acquire a 45% interest in Kapunda, expects trading in its shares in Australia to resume on February 12.
THR Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held
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