The Board of Thor Mining has appointed London-based Argent Partners as corporate advisors to assist with completion of off-take and financing arrangements for Molyhil.

The Company has had approaches from, and held discussions with, a number of entities with interests ranging from both molybdenum and tungsten concentrate off-take, to those with potential interest in financing and other partnering initiatives.

Mick Billing, Executive Chairman welcomed the appointment of Argent Partners to assist in taking the company “through the financing stage of the Molyhil development”.

“Molyhil is an outstanding project, with attractive returns and considerable upside both in project scale and mine life, and it is critical that we secure the best deal possible for our investors in taking it through financing to enable development,” said Mr Billing.

“We have had considerable interest expressed from a number of potential partners in the project, and we look forward to working with Argent Partners to take that interest into a fully financed development plan.”

The Molyhil tungsten and molybdenum project is located in the Northern Territory of Australia, and is a development ready project.

Source: www.thormining.com

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