Annual Tenement Report EL 28855 3 February 2017 to 2 February 2018

Abstract

This Annual Tenement Report provides a synthesis of the activities undertaken across EL 28855 ('the Licence') for the period of 3rd February 2017 through to the 2nd of February 2018. 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% of Spring Hill Project via the sale of TM Gold Pty Ltd. Subsequently PC Gold Pty Ltd acquired 100% equity interest in TM Gold Pty Ltd (owner of Spring Hill Project). During the reporting period extensive environmental studies and permitting processes were undertaken across the tenure. In additional a geochemical investigation was undertaken.