EXPLORATION & DEVELOPMENT

Thor upgrades Molyhil DFS

Thor Mining (ASX:THR) is on the lookout for financing after it upgraded the definitive feasibility study for its Molyhil tungsten-molybdenum project north east of Alice Springs in Australia’s Northern Territory.

Thor wants Molyhil to make a lot of cash as well as validate the company's name

Thor wants Molyhil to make a lot of cash as well as validate the company's name

The new DFS saw a development with a net present value of A$101 million (US$73.6 million) and an internal rate of return of 59% outlined. Thor said there was a project finance requirement of US$43 million...

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