Thor disposes of Hawkstone interest, flags possible Spring Hill offers

Thor Mining announced on Monday that the disposal of its interest in ASX-listed Hawkstone Mining had completed.

The AIM and ASX-traded company said the sale process was conducted over a period between November and early February and realised, after expenses, just over AUD 0.1m (£0.05m).

“The company further advises that it has been informed that it is likely to receive offers for its royalty entitlement, in respect of the Spring Hill gold project, during the first quarter of calendar 2020,” the board said in its short statement.

At 1530 GMT, shares in Thor Mining were up 18.97% in London at 0.34p.