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58 GALWAY AVENUE MARLESTON SA , 5033
P: 08 7324 1935 F: 08 8351 5169
corporate@thormining.com
www.thormining.com

MOLYHIL

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About: The Molyhil tungsten and molybdenum project is located in the Northern Territory, 220 kilometres north east of Alice Springs, as the crow flies, but 320 kilometres from Alice Springs by road. The Molyhil project is wholly owned by Thor Mining PLC. Mining at Molyhil will be undertaken by open cut with an estimated annual production rate of 400,000 tonnes a year.

Molyhil Originally Licenced to Petrocarb Exploration

The exploration licence covering the Molyhil tungsten and molybdenum deposit was originally awarded to Petrocarb Exploration which mined just on 900,000 tonnes of ore from the site up until 1982. Molyhil has had various owners since that time until Thor Mining purchased the lease in 2005. In 2013 Thor Mining were given a letter of intent from United States company, Global Tungsten and Powders, indicating they were willing to purchase up to 75 percent of all Molyhil tungsten concentrate for the life of the mine.

Molyhil to be Worked as an Open cut Operation

Molyhil mine development will require the expansion of the existing open cut pit. This will be carried out using conventional open cut mining methods such as drilling, blasting and haulage in order to recover the ore. The ROM (run-of-mine)) ore storage, that is to be situated 100 metres from the processing plant, will be large enough to hold a months production to facilitate blending.

Enhanced ore Sorting Technology to Improve Economic Outcome at Molyhil

During 2013 and 2014 the company looked at the pre-concentration of ore sorting technology to be utilised at the Molyhil mine, in order to enhance the life of the mine and allow for better economic outcomes. This review showed that up to 25 percent of material mined could be eliminated leaving more payable metal to be processed. This would allow the company to lower costs and allow through ore that would otherwise have been discarded as not being economic. It has been estimated that the Molyhil mine would have a life of around four years, however, an improvement of just seven percent in economic factors would increase the reserve figure by 50 percent. On the other hand a downturn of 20 percent in economic factors could also reduce the life of mine by 13 percent.

Molyhil Extension Could Include an Underground Operation

Extension to the forecast life of mine of the Molyhil project could entail extending the open cut and possibly an underground mining operation to be developed at the site. This has the potential to access 65 percent of the resource at Molyhil at depth that has not been included in the Molyhil mine ore reserves. There is also the potential to expand exploration targets, some of which have already been identified several kilometres from the Molyhil site. It is planned to have the Molyhil processing plant producing concentrates from the Molyhil mine in late 2015.

Molyhil Receives all Necessary Approvals to Start Production

Thor Mining has acquired all the necessary agreements from the traditional owners of the land to proceed with mining at Molyhil, The agreements have been reached in accordance with the Native Titles Act, the Arrapere people , the Central Lands Council and Thor Mining. All other government approvals have also been granted for the project to go ahead in late 2015 as planned.

Thor Mining

Thor is a mineral exploration and development company focused on their Molyhil tungsten/molybdenum project poised for development and exciting gold exploration projects.Thor has a portfolio of properties in the Northern Territory of Australia, and in Western Australia.Mining at Molyhil will be...........read more

ADDRESS

Thor Mining
58 Galway Avenue
Marleston, SA 5033

PO Box 458
Marleston, SA 5033

OTHER INFO

Phone0873241935
fax0883515169

View Thor Mining Page

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MOLYHIL

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