Last checked at 22 Nov 2021 08:45
22 November 2021
THOR MINING PLC
("Thor" or the "Company")
Director/PDMR Shareholding
The Directors of Thor Mining PLC (AIM, ASX: THR) provide a notice of a change in securities held by the Directors.
The change in Directors' interests follows shareholder approval at the annual general meeting on 10 November 2021, for the granting of unlisted warrants exercisable at £0.013 (1.3 pence) at any time through to the expiry date of 22 November 2025:
Director | Existing Warrants held | Warrants granted | Resultant Warrants held
Number | Existing Shares held |
Number | Number | Number | ||
Nicole Galloway Warland | 4,000,000 | 12,000,000 | 16,000,000 | 250,000 |
Mark Potter | 8,000,000 | 8,000,000 | 16,000,000 | 2,910,831 |
Mark McGeough | - | 8,000,000 | 8,000,000 | 1,861,765 |
Alastair Clayton | - | 8,000,000 | 8,000,000 | - |
The relevant details are provided in the notifications below, made in accordance with the requirements of the EU Market Abuse Regulation and the Australian Securities Exchange.
- Ends -
For further information on the Company, please visit www.thormining.com or contact the following:
Thor Mining PLC |
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Nicole Galloway Warland, Managing Director Ray Ridge, CFO / Company Secretary | Tel: +61 (8) 7324 1935 Tel: +61 (8) 7324 1935 |
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WH Ireland Limited (Nominated Adviser and Joint Broker) | Tel: +44 (0) 207 220 1666 |
Jessica Cave / Darshan Patel / Megan Liddell Jasper Berry (Corporate Broking) |
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SI Capital Limited (Joint Broker) | Tel: +44 (0) 1483 413 500 |
Nick Emerson |
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Yellow Jersey (Financial PR) | thor@yellowjerseypr.com |
Sarah Hollins / Henry Wilkinson | Tel: +44 (0) 20 3004 9512 |
Updates on the Company's activities are regularly posted on Thor's website www.thormining.com, which includes a facility to register to receive these updates by email, and on the Company's twitter page @ThorMining.
About Thor Mining PLC
Thor Mining PLC (AIM, ASX: THR; OTCQB: THORF) is a diversified resource company quoted on the AIM Market of the London Stock Exchange, ASX in Australia and OTCQB Market in the United States.
The Company is advancing its diversified portfolio of precious, base, energy and strategic metal projects across USA and Australia. Its focus is on progressing its copper, gold, uranium and vanadium projects, while seeking investment/JV opportunities to develop its tungsten assets.
Thor owns 100% of the Ragged Range Project, comprising 92 km2 of exploration licences with highly encouraging early-stage gold and nickel results in the Pilbara region of Western Australia, for which drilling is currently underway.
At Alford East in South Australia, Thor is earning an 80% interest in copper-gold deposits considered amenable to extraction via In Situ Recovery techniques (ISR). In January 2021, Thor has announced an Inferred Mineral Resource Estimate of 177,000 tonnes contained copper & 71,000 oz gold¹.
Thor also holds a 30% interest in Australian copper development company EnviroCopper Limited, which in turn holds rights to earn up to a 75% interest in the mineral rights and claims over the resource on the portion of the historic Kapunda copper mine and the Alford West copper project, both situated in South Australia, and both considered amenable to recovery by way of ISR.²³
Thor holds 100% interest in two private companies with mineral claims in the US states of Colorado and Utah with historical high-grade uranium and vanadium drilling and production results.
Thor holds 100% of the advanced Molyhil tungsten project, including measured, indicated and inferred resources⁴, in the Northern Territory of Australia, which was awarded Major Project Status by the Northern Territory government in July 2020. Diamond drilling is currently underway to test potential extension to mineralisation.
Adjacent to Molyhil, at Bonya, Thor holds a 40% interest in deposits of tungsten, copper, and vanadium, including Inferred resource estimates for the Bonya copper deposit, and the White Violet and Samarkand tungsten deposits.⁵
Notes
1 www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210127-maiden-copper.gold-estimate-alford-east-sa.pdf
2 www.thormining.com/sites/thormining/media/pdf/asx-announcements/20172018/20180222-clarification-kapunda-copper-resource-estimate.pdf
³ www.thormining.com/sites/thormining/media/aim-report/20190815-initial-copper-resource-estimate---moonta-project---rns---london-stock-exchange.pdf
4 www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210408-molyhil-mineral-resource-estimate-updated.pdf
5 www.thormining.com/sites/thormining/media/pdf/asx-announcements/20200129-mineral-resource-estimates---bonya-tungsten--copper.pdf
Rule 3.19A.2
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/09/01 Amended 01/01/11
Name of entity: Thor Mining PLC |
ARBN: 121 117 673 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director | Nicole Galloway Warland |
Date of last notice | 27 April 2021 |
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.
Direct or indirect interest | Direct |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
|
|
Date of change | 22 November 2021 |
No. of securities held prior to change | Direct · 250,000 Ordinary Shares/CDIs · 4,000,000 Unlisted options, exercise price $0.026 (2.6 cents), expiry 28/09/2023
|
Class | Listed Options exercise price £0.013 (1.3 pence), expiry 22/11/2025 |
Number acquired | 12,000,000 |
Number disposed | |
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
| Granted to Directors for nil consideration. |
No. of securities held after change | Direct · 250,000 Ordinary Shares/CDIs · 4,000,000 Unlisted options, exercise price $0.026 (2.6 cents), expiry 28/09/2023 · 12,000,000 Listed Options exercise price £0.013 (1.3 pence), expiry 22/11/2025 |
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | Granted for nil consideration to incentivise, reward and retain Directors. Approved by shareholders on 10 November 2021. |
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.
Detail of contract | |
Nature of interest
| |
Name of registered holder (if issued securities)
| |
Date of change | |
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
| |
Interest acquired | |
Interest disposed | |
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
| |
Interest after change |
Part 3 - +Closed period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? | No |
If so, was prior written clearance provided to allow the trade to proceed during this period? | N/A |
If prior written clearance was provided, on what date was this provided? | N/A |
Rule 3.19A.2
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/09/01 Amended 01/01/11
Name of entity: Thor Mining PLC |
ARBN: 121 117 673 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director | Mark Potter |
Date of last notice | 27 November 2020 |
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.
Direct or indirect interest | Direct |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
| |
Date of change | 22 November 2021 |
No. of securities held prior to change | · 2,910,831 Ordinary Shares/CDIs · 8,000,000 Unlisted options exercisable at A$0.0095 expiring 8 July 2023 |
Class | Listed Options exercise price £0.013 (1.3 pence), expiry 22/11/2025
|
Number acquired | 8,000,000 |
Number disposed | |
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
| Granted to Directors for nil consideration. |
No. of securities held after change | · 2,910,831 Ordinary Shares/CDIs · 8,000,000 Unlisted options exercisable at A$0.0095 expiring 8 July 2023 · 8,000,000 Listed Options exercise price £0.013 (1.3 pence), expiry 22/11/2025 |
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | Granted for nil consideration to incentivise, reward and retain Directors. Approved by shareholders on 10 November 2021. |
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.
Detail of contract | |
Nature of interest
| |
Name of registered holder (if issued securities)
| |
Date of change | |
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
| |
Interest acquired | |
Interest disposed | |
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
| |
Interest after change |
Part 3 - +Closed period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? | No |
If so, was prior written clearance provided to allow the trade to proceed during this period? | N/A |
If prior written clearance was provided, on what date was this provided? | N/A |
Rule 3.19A.2
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/09/01 Amended 01/01/11
Name of entity: Thor Mining PLC |
ARBN: 121 117 673 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director | Mark McGeough |
Date of last notice | 2 December 2020 |
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.
Direct or indirect interest | Direct |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
| |
Date of change | 22 November 2021
|
No. of securities held prior to change | 1,861,765 Ordinary Shares/CDIs
|
Class | Listed Options exercise price £0.013 (1.3 pence), expiry 22/11/2025
|
Number acquired | 8,000,000
|
Number disposed
| |
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
| Granted to Directors for nil consideration. |
No. of securities held after change | · 1,861,765 Ordinary Shares/CDIs · 8,000,000 Listed Options exercise price £0.013 (1.3 pence), expiry 22/11/2025
|
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | Granted for nil consideration to incentivise, reward and retain Directors. Approved by shareholders on 10 November 2021. |
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.
Detail of contract | |
Nature of interest
| |
Name of registered holder (if issued securities)
| |
Date of change | |
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
| |
Interest acquired | |
Interest disposed | |
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
| |
Interest after change |
Part 3 - +Closed period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? | No |
If so, was prior written clearance provided to allow the trade to proceed during this period? | N/A |
If prior written clearance was provided, on what date was this provided? | N/A |
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/09/01 Amended 01/01/11
Name of entity: Thor Mining PLC |
ARBN: 121 117 673 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director | Alastair Clayton |
Date of last notice | 11 October 2021 |
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.
Direct or indirect interest | Direct |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
|
|
Date of change | 22 November 2021 |
No. of securities held prior to change | Direct nil |
Class | Listed Options exercise price £0.013 (1.3 pence), expiry 22/11/2025 |
Number acquired | 8,000,000 |
Number disposed | |
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
| Granted to Directors for nil consideration. |
No. of securities held after change | Direct 8,000,000 Listed Options exercise price £0.013 (1.3 pence), expiry 22/11/2025 |
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | Granted for nil consideration to incentivise, reward and retain Directors. Approved by shareholders on 10 November 2021. |
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.
Detail of contract | |
Nature of interest
| |
Name of registered holder (if issued securities)
| |
Date of change | |
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
| |
Interest acquired | |
Interest disposed | |
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
| |
Interest after change |
Part 3 - +Closed period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? | No |
If so, was prior written clearance provided to allow the trade to proceed during this period? | N/A |
If prior written clearance was provided, on what date was this provided? | N/A |
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Nicole Galloway Warland | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Managing Director
| |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Thor Mining Plc | |||
b)
| LEI
| 213800WO61Y9GPALD478 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Warrants over ordinary shares of 0.01 pence each, exercise price 1.3 pence, expiring on 22 November 2025 | |||
Identification code | |||||
b)
| Nature of the transaction
| Grant of warrants over ordinary shares to a Director, as approved by shareholders on 10 November 2021 | |||
.c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Ordinary Shares | Nil | 12,000,000 | |||
d)
| Aggregated information | ||||
- Aggregated volume | n/a
| ||||
- Price | |||||
e)
| Date of the transaction
| 22 November 2021 | |||
f) | Place of the transaction | Outside a trading venue | |||
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Mark Potter | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Non-Executive Chairman
| |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Thor Mining Plc | |||
b)
| LEI
| 213800WO61Y9GPALD478 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Warrants over ordinary shares of 0.01 pence each, exercise price 1.3 pence, expiring on 22 November 2025 | |||
Identification code | |||||
b)
| Nature of the transaction
| Grant of warrants over ordinary shares to a Director, as approved by shareholders on 10 November 2021 | |||
.c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Ordinary Shares | Nil | 8,000,000 | |||
d)
| Aggregated information | ||||
- Aggregated volume | n/a
| ||||
- Price | |||||
e)
| Date of the transaction
| 22 November 2021 | |||
f) | Place of the transaction | Outside a trading venue | |||
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Mark McGeough | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Non-Executive Director
| |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Thor Mining Plc | |||
b)
| LEI
| 213800WO61Y9GPALD478 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Warrants over ordinary shares of 0.01 pence each, exercise price 1.3 pence, expiring on 22 November 2025 | |||
Identification code | |||||
b)
| Nature of the transaction
| Grant of warrants over ordinary shares to a Director, as approved by shareholders on 10 November 2021 | |||
.c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Ordinary Shares | Nil | 8,000,000 | |||
d)
| Aggregated information | ||||
- Aggregated volume | n/a
| ||||
- Price | |||||
e)
| Date of the transaction
| 22 November 2021 | |||
f) | Place of the transaction | Outside a trading venue | |||
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Alastair Clayton | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Non-Executive Director
| |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Thor Mining Plc | |||
b)
| LEI
| 213800WO61Y9GPALD478 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Warrants over ordinary shares of 0.01 pence each, exercise price 1.3 pence, expiring on 22 November 2025 | |||
Identification code | |||||
b)
| Nature of the transaction
| Grant of warrants over ordinary shares to a Director, as approved by shareholders on 10 November 2021 | |||
.c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Ordinary Shares | Nil | 8,000,000 | |||
d)
| Aggregated information | ||||
- Aggregated volume | n/a
| ||||
- Price | |||||
e)
| Date of the transaction
| 22 November 2021 | |||
f) | Place of the transaction | Outside a trading venue | |||