Annual Tenement Report EL 28855 3rd February 2016 to 2nd February 2017

Abstract

This Annual Tenement Report provides a synthesis of the activities undertaken across EL 28855 ('the Licence') for the period of 3rd February 2016 through to the 2nd of February 2017. The Lease was granted on the 3rd of February 2012 and was managed by TM Gold Pty Ltd. On the 16th of December 2016, Thor Mining PLC entered into an option agreement to sell 100 percent of Spring Hill Project via the sale of TM Gold Pty Ltd. During the period, PC Gold Pty Ltd acquired 100 percent equity interest in TM Gold Pty Ltd (owner of Spring Hill Project). Field verification of historical mapping was undertaken along with drill targeting and definition of exploration targets warranting further investigation.