119,000 tonnes of copper, considered amenable to Insitu Recovery techniques has been released by Environmental Copper Recovery (ECR) SA and Terramin Australia.

Thor Mining Plc is earning up to a 60 per cent interest in ECR, which in turn is earning, from Terramin, up to a 75 per cent interest in the mineral rights and claims over the portion of the historic Kapunda copper mine in South Australia recoverable by way of in situ recovery techniques.

“An inferred resource estimate containing 119,000 tonnes of copper is well above expectations and is outstanding news for our investors,” Thor Mining Plc Executive Chairman Mick Billing said.

”Global copper prices have moved upwards strongly over the past 12 months, and we expect this trend to continue. However, at the price at the date of this announcement of approximately US$7000 ($5482) per tonne, this inferred resource demonstrates that the project has considerable potential value.

“The advancements in ISR and lixiviant technologies offer new methods to extract copper. The ISR method is considered to be a viable method of extracting the copper in this location with minimal disturbance to the existing surface profile.

“We are very pleased to have been able to access the Kapunda opportunity at an early stage and are naturally delighted with the resource findings announced today."