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Thor Mining Plc to acquire an interest in the Alford East Project

1 min read | November 20, 2020 02:45 PM GMT | By Team Kalkine Media
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Thor Mining Plc (LON:THR) has executed a binding term sheet for the company to acquire an interest in the oxide mineral rights from Spencer Metals Pty Ltd.

  • As per the agreement, the company will be acquiring the direct interest of up to 80 per cent in the Alford East Project, covering portions of EL6255 and EL6259.
  • The said project covers the northern extension of the Alford Copper Belt and includes various oxide copper-gold prospects.
  • On 20 November 2020, the stocks of the company declined by 2.17% from its previous closing, hovering at around GBX 1.13 at 13:39 PM GMT+1.

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