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Thor Mining has a broad portfolio of assets in tungsten, molybdenum, copper, and other metals

Consultants upped tungsten, molybdenum and copper estimates at Molyhil

Management has long track record of mining industry experience

Kapunda copper project looks amenable to in-situ extraction

Financing talks for Molyhil ongoing

What does Thor Mining do?
Thor Mining PLC (ASX:THR)(LON:THR) specialises in exploration and the development of base metals resources in Australia and the USA.

Its run by Mick Billing, a seasoned mining industry professional who has more than 40 years experience in resources and the resources finance business and who boasts extensive time at Western Mining on his CV.

What does Thor Mining own?
The key asset is the Molyhil tungsten and molybdenum project, which lies 220 kilometres east of Alice Springs.

The Molyhil deposit occurs in two adjacent skarn bodies that contain outcropping molybdenite and scheelite mineralisation. Since mid-2004 it has been the subject of systematic testwork comprising geophysical exploration, diamond and reverse circulation dri..

  • Consultants upped tungsten, molybdenum and copper estimates at Molyhil

  • Management has long track record of mining industry experience

  • Kapunda copper project looks amenable to in-situ extraction

  • Financing talks for Molyhil ongoing

What does Thor Mining do?

Thor Mining PLC (ASX:THR)(LON:THR) specialises in exploration and the development of base metals resources in Australia and the USA.

Its run by Mick Billing, a seasoned mining industry professional who has more than 40 years experience in resources and the resources finance business and who boasts extensive time at Western Mining on his CV.

What does Thor Mining own?

The key asset is the Molyhil tungsten and molybdenum project, which lies 220 kilometres east of Alice Springs.

The Molyhil deposit occurs in two adjacent skarn bodies that contain outcropping molybdenite and scheelite mineralisation. Since mid-2004 it has been the subject of systematic testwork comprising geophysical exploration, diamond and reverse circulation drilling programmes, surface and underground bulk sampling, metallurgical testwork and a geotechnical study.

A feasibility study revealed in August 2018 that the project is technically and economically viable, has a seven-year life, with strong financial returns and rapid capital payback.

In October, mining consultants RPM Global raised by 1.5% the total indicated and inferred estimate to 13,300 tonnes of tungsten trioxide, 6,800 tonnes of molybdenum, and 2,200 tonnes of copper.

Thor has also recently demonstrated the existence of a significant new tungsten deposit adjacent to Molyhil at the Bonya Samarkand prospect. The Bonya tenement is held jointly with Arafura Resources (ASX:ARU).

At the Desert Scheelite deposit on the Pilot Mountain project in Nevada, Thor now boasts a resource of 10.7mln tonnes of ore grading 0.26% WO3 (tungsten), with additional silver, zinc and copper.

In March, Thor agreed to to spin out its copper interests into a new vehicle, Enviro Copper, where it will take up to a 30% stake.

Enviro has rights for up to 75% of both the Kapunda copper project and the Moonta copper project.

Both projects are amenable to in-situ leaching (ISR).

"The developments in our ISR copper investments show tremendous promise as we look towards a, potentially quite large, ISR focussed copper business".

Chairman Mick Billing confident of continued progreRead More – Source

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Australia

S&P/ASX 200 rallies 2.16% for its best daily performance this month

S&P/ASX 200 (INDEXASX:XJO) has started the week on a firm note advancing 118 points or 2.16% to 5,615.

The index outperformed the Asian markets which were mixed while US and UK markets are closed due to public holidays.

Several sectors have gained more than 2% with healthcare, consumer discretionary, energy, industrials and IT among them.

As lockdown restrictions are slowly being lifted in different states, travel retailer stocks have surged with Flight Centre (ASX:FLT) up 15% and Webjet (ASX:WEB) gaining 16%.

The miners managed healthy gains with BHP Group Ltd (ASX:BHP) rising 1.28% and Rio Tinto Limited (ASX:RIO) up 1.29%. Fortescue Metals Group Limited (ASX:FMG) rose 1.91%.

There were multiple stocks rising more than 10% including Great Southern Mining Ltd (ASX:GSN) (+14.29%), Polarx Ltd (ASX:PXX) (+27.59%), Moho Resources Lt, (ASX:MOH) (+10.29%), Nanoveu Ltd, (ASX:NVU) (+29.41%), Kin Mining NL (ASX:KIN) (+11.54%), Volt Resources Ltd (ASX:VRC) (+33.33%), Strategic Elements Ltd ..

S&P/ASX 200 (INDEXASX:XJO) has started the week on a firm note advancing 118 points or 2.16% to 5,615.

The index outperformed the Asian markets which were mixed while US and UK markets are closed due to public holidays.

Several sectors have gained more than 2% with healthcare, consumer discretionary, energy, industrials and IT among them.

As lockdown restrictions are slowly being lifted in different states, travel retailer stocks have surged with Flight Centre (ASX:FLT) up 15% and Webjet (ASX:WEB) gaining 16%.

The miners managed healthy gains with BHP Group Ltd (ASX:BHP) rising 1.28% and Rio Tinto Limited (ASX:RIO) up 1.29%. Fortescue Metals Group Limited (ASX:FMG) rose 1.91%.

There were multiple stocks rising more than 10% including Great Southern Mining Ltd (ASX:GSN) (+14.29%), Polarx Ltd (ASX:PXX) (+27.59%), Moho Resources Lt, (ASX:MOH) (+10.29%), Nanoveu Ltd, (ASX:NVU) (+29.41%), Kin Mining NL (ASX:KIN) (+11.54%), Volt Resources Ltd (ASX:VRC) (+33.33%), Strategic Elements Ltd (ASX:SOR) (11.11%), PNX Metals Ltd (ASX:PNX) (+14.29%), St George Mining Ltd (ASX:SGQ) (+12.36%), Castillo Copper Ltd (ASX:CCZ) (+26.32%), Chase Mining Corporation Ltd (ASX:CML) (13.33%), Aeris Resources Ltd (ASX:AIS) (+16.28%), Argosy Minerals Limited (ASX:AGY) (+12.28%), Alice Queen Ltd (ASX:AQX) (+16.67%), Archer Materials Ltd (ASX:AXE) (+29.91%), Broken Hill Prospecting Ltd (ASX:BPL) (+27.78%), European Lithium Ltd (ASX:EUR) (+13.79%) Australian Mines Limited (ASX:AUZ) (+11.11%).

Proactive news headlines:

Archer Materials a market mover with shares up as much as 35% to record high


Archer Materials Ltd (ASX:AXE) is a strong ASX market mover today with shares up as much as 35% on the previous close to a new record high of 78 cents. The previous all-time high was 45 cents on May 1, 2012. Archer has been performing well this month on the back of strong newsflow with shares up from 18 cents on May 1 and a market cap of approximately $114.1 million.

Nanoveu shares surge as antiviral technology independently validated against human coronaviruses


Nanoveu Ltd (ASX:NVU) has more than doubled on receiving further successful independent testing of its antiviral technology against the human transmitted coronavirus strain OC43 by Bioscience Laboratories, at its testing facility in Montana, USA. Testing involved placing a solution containing OC43 strain coronaviruses on a thin film containing the antiviral technology. The company's antiviral protectors protect smartphone and tablet users from viruses and bacteria.

TNT Mines to acquire high-grade US uranium project as the metal price rallies 36% year to date


TNT Mines Ltd (ASX:TIN) has entered into a binding agreement to acquire Vanacorp Aust Pty Ltd which owns the East Canyon Uranium-Vanadium Project in Utah, US. The project comprises 200 unpatented lode claims prospective for uranium and vanadium in the Dry Valley/East Canyon mRead More – Source

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Australia

Archer Materials a market mover with shares up as much as 35% to record high

Archer Materials Ltd (ASX:AXE) is a strong ASX market mover today with shares up as much as 35% on the previous close to a new record high of 78 cents.

The previous all-time high was 45 cents on May 1, 2012.

Archer has been performing well this month on the back of strong newsflow with shares up from 18 cents on May 1 and a market cap of approximately $114.1 million.

Strong volumes[hhmc]
Trading volumes have also been high with more than 92 million shares traded so far this month compared to a daily average below 1 million for the previous three months.

The announcement on May 5 of an agreement with International Business Machines Corporation (NYSE:IBM) to work together on advancing quantum computing saw more than 20 million shares traded on that day and shares more than doubling to a new 8-year high of 38 cents.

Collaborating with IBM[hhmc]
As part of this agreement, Archer is now a member of the IBM Q Network and associated IBM Quantum Experience for Business program.

Archer is..

Archer Materials Ltd (ASX:AXE) is a strong ASX market mover today with shares up as much as 35% on the previous close to a new record high of 78 cents.

The previous all-time high was 45 cents on May 1, 2012.

Archer has been performing well this month on the back of strong newsflow with shares up from 18 cents on May 1 and a market cap of approximately $114.1 million.

Strong volumes


Trading volumes have also been high with more than 92 million shares traded so far this month compared to a daily average below 1 million for the previous three months.

The announcement on May 5 of an agreement with International Business Machines Corporation (NYSE:IBM) to work together on advancing quantum computing saw more than 20 million shares traded on that day and shares more than doubling to a new 8-year high of 38 cents.

Collaborating with IBM


As part of this agreement, Archer is now a member of the IBM Q Network and associated IBM Quantum Experience for Business program.

Archer is the first Australian company developing a quantum computing processor and hardware to join the invitation-only, IBM Q Network.

Archer CEO Dr Mohammad Choucair said: “We are the first Australian company building a quantum chip to join into the global IBM Q Network as an ecosystem partner, a group of the very best organisations at the forefront of quantum computing.

“Ultimately, we want Australian businesses and consumers to be one of the first beneficiaries of this exciting technology, and now that we are collaborating with IBM, it greatly increases our chances of success.

“We look forward to working with IBM and members of the network to address the most fundamental challenges to the wide-scale adoption of quantum computing, using our potentially complementary technologies as starting points.”

Patent application proceeds


Also, this month shares rose on news that a licensed European Patent (EP) application filed under the Patent Cooperation Treaty for AXEs 12CQ quantum computing chip materials technologyRead More – Source

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Australia

Nanoveu shares surge as antiviral technology independently validated against human coronaviruses

Nanoveu Ltd (ASX:NVU) has more than doubled on receiving further successful independent testing of its antiviral technology against the human transmitted coronavirus strain OC43 by Bioscience Laboratories, at its testing facility in Montana, USA.

Testing involved placing a solution containing OC43 strain coronaviruses on a thin film containing the antiviral technology.

The company's antiviral protectors protect smartphone and tablet users from viruses and bacteria.

Betacoronavirus targeted[hhmc]
In line with Nanoveus testing of the MHV-A59 strain, which demonstrated 90% elimination of the virus in just 10 minutes, this recent research on the OC43 strain has targeted a betacoronavirus, which are single-stranded RNA viruses emerging from animals and are typically associated with respiratory ailments.

SARS, MERS, and COVID-19 are all forms of betacoronavirus.

Shares have been as much as 106% higher to 17.5 cents intra-day and are well up from 2.5 cents at close on April 2.

“Str..

Nanoveu Ltd (ASX:NVU) has more than doubled on receiving further successful independent testing of its antiviral technology against the human transmitted coronavirus strain OC43 by Bioscience Laboratories, at its testing facility in Montana, USA.

Testing involved placing a solution containing OC43 strain coronaviruses on a thin film containing the antiviral technology.

The company's antiviral protectors protect smartphone and tablet users from viruses and bacteria.

Betacoronavirus targeted


In line with Nanoveus testing of the MHV-A59 strain, which demonstrated 90% elimination of the virus in just 10 minutes, this recent research on the OC43 strain has targeted a betacoronavirus, which are single-stranded RNA viruses emerging from animals and are typically associated with respiratory ailments.

SARS, MERS, and COVID-19 are all forms of betacoronavirus.

Shares have been as much as 106% higher to 17.5 cents intra-day and are well up from 2.5 cents at close on April 2.

“Strong validation”


Nanoveu executive chairman and CEO Alfred Chong said: “Nanoveu has again received a strong validation from further independent testing of its antiviral technology, which has all but eradicated the coronavirus in half an hour.

“It is particularly pleasing to see that the antiviral technology is not only proven as an effective agent at killing certain strands of coronaviruses but is highly successful at killing viruses capable of infecting humans.

“Given the strong public health focus on COVID-19, these test results represent fantastic news for Nanoveu as well as to the broader population and I am proud to say we are another step closer to providing safer devices for all digital screen users.”

TGA submission


With the completion of the Bioscience Labs testing, Nanoveu now possesses multiple independent research results demonstrating the effectiveness of its antiviral technology against pathogenic betacoronaviruses affecting animals, as well as humans.

These test results wiRead More – Source

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