JOHANNESBURG (miningweekly.com) – Shares in dual listed Thor Mining gained 55% on the ASX on Monday, after the company announced to the Australian market that it had entered into an option agreement to acquire a project with potential for conglomerate gold in the Pilbara.
UK-headquartered Thor, which made the initial announcement to the London Stock Exchange on Friday, has a 120-day option over the Western Shaw project, which is considered to have potential for conglomerate-hosted gold deposits, lithium in pegmatites and various base metals.
Shares in Thor surged 55.56% to 8.4c on the ASX, from Friday’s closing price of 5c apiece. In London, where Thor has an Aim listing, the announcement did little to lift the stock, with the company closing on Friday at 2.86p, down 4.73% on Thursday’s trade.