Thor Mining, Arafura Resources cleared to start Bonya tungsten drilling in Australia
StockMarketWire.com - Thor Mining said drilling at the Bonya tungsten deposits adjacent Molyhil in northern Australia is to commence, following clearance from the Aboriginal Areas Protection Authority.
The Bonya project was held in joint venture with Arafura Resources, with both parties contributing to the cost of the program in proportion to their project equity of 40% and 60%, respectively.
Drilling was now expected to commence in early April, with further updates expected on drilling progress, preliminary on-site XRF analysis, followed by formal laboratory assays.
At 3:09pm: (LON:THR) Thor Mining PLC share price was +0.03p at 0.85p
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