Annual Technical Report GR278 MLS 77 to MLS 86 for period 1 January 2016 to 31 December 2016

Abstract

This annual report covers MLS 77-MLS 86 for the period 01 January 2016 to 31 December 2015. MLS 77-MLS 86 were granted on April 19, 1974. Thor Mining has held the licences since 2004. The licences expired on December 30, 2014 and were subsequently re-granted for a further 10 years to December 31, 2024. Work was undertaken in the 1970's to estimate the fluorite resource (pre-JORC) which comprises 364,000 short tons at 40% CaF2. No work was undertaken during the reporting period however the viability of the resource will be enhanced and feasibility assessment will be undertaken once operation is re-established at the nearby Molyhil mine.