- Thor Mining said proof of concept had been established for the recovery of copper at the Kapunda project in South Australia state.

Kapunda, in which Thor has a right to earn into a 45% effective interest, holds an inferred JORC compliant resource of 119k tonnes of copper.

'The proof of concept stage has been successful in demonstrating that, from both a technical and social viewpoint, we should proceed to the next stage of work,' executive chairman Mick Billing said.

The next stage would include getting relevant mining approvals and conducting pump and environmental testing.

At 9:53am: [LON:THR] Thor Mining PLC share price was +0.05p at 1.5p

Story provided by