updates now out...

Just out..


• Further results received from resource drilling at the Molyhil Project, with all
assay results now received.
• Updated resource estimation in progress to be followed by revised mining
reserve.
• Final metallurgical results received, confirming expected concentrate
specifications, indicating primary concentrate grades of MoS2 at @ 51.4%
Mo with a recovery of 77.8% and WO3 at 72.9% with a recovery of 65.4%.
• Reconnaissance aircore drilling at the Hale River Uranium Project now 50%
complete, with 24 holes drilled for 1,549m.
Thor Mining PLC (AIM/ASX: THR) is pleased to announce an update on drilling and exploration
programs at both its Hale River Uranium Project and its Molyhil Tungsten-Molybdenum
Project in the Northern Territory.
Final assay results from the recently completed resource drilling program at Molyhil have been
received and will be incorporated into a new resource model now due for completion at the end
of June.
Final results from concentrate assays have been received from detailed metallurgical work
commissioned in February (Table 2), confirming expected concentrate specifications. These
final concentrate specifications have now been issued to prospective off-take parties. Thor is
aiming to complete off-take negotiations by the end of August 2007.
The Company is also pleased to advise that reconnaissance air core drilling at its Hale River
Uranium Project is approximately 50% complete, despite relatively slow drilling progress due
to difficult ground conditions. A number of prospective zones have been intersected and the
results from this initial work are expected to be received in late June.
Commenting on the recent progress, Thor’s Chief Executive Officer, Mr John A. Young, said:
“Work is progressing steadily at both our uranium and tungsten-molybdenum projects. The
resource drilling program at Molyhil has been very successful, and we are looking forward
to completion of a revised resource and mining reserve estimate shortly, in parallel with
ongoing off-take negotiations. At Hale River, our drilling has intersected a number of
prospective zones which will provide a focus for our ongoing uranium exploration.”

Cheers TCG