THOR ENERGY PLC — Director's Dealing 2021

Nov 22, 2021

National Storage Mechanism | Additional information

RNS Number : 1063T

Thor Mining PLC

22 November 2021

22 November 2021

THOR MINING PLC

("Thor" or the "Company")

Director/PDMR Shareholding

The Directors of Thor Mining PLC (AIM, ASX: THR) provide a notice of a change in securities held by the Directors.

The change in Directors' interests follows shareholder approval at the annual general meeting on 10 November 2021, for the granting of unlisted warrants exercisable at £0.013 (1.3 pence) at any time through to the expiry date of 22 November 2025:

Director	Existing Warrants held	Warrants granted	Resultant Warrants held Number	Existing Shares held
	Number	Number	Number
Nicole Galloway Warland	4,000,000	12,000,000	16,000,000	250,000
Mark Potter	8,000,000	8,000,000	16,000,000	2,910,831
Mark McGeough	-	8,000,000	8,000,000	1,861,765
Alastair Clayton	-	8,000,000	8,000,000	-

The relevant details are provided in the notifications below, made in accordance with the requirements of the EU Market Abuse Regulation and the Australian Securities Exchange.

- Ends -

For further information on the Company, please visit www.thormining.com or contact the following: 

Thor Mining PLC
Nicole Galloway Warland, Managing Director Ray Ridge, CFO / Company Secretary	Tel: +61 (8) 7324 1935 Tel: +61 (8) 7324 1935
WH Ireland Limited (Nominated Adviser and Joint Broker)	Tel: +44 (0) 207 220 1666
Jessica Cave / Darshan Patel / Megan Liddell Jasper Berry (Corporate Broking)
SI Capital Limited (Joint Broker)	Tel: +44 (0) 1483 413 500
Nick Emerson
Yellow Jersey (Financial PR)	[email protected]
Sarah Hollins / Henry Wilkinson	Tel: +44 (0) 20 3004 9512

Updates on the Company's activities are regularly posted on Thor's website www.thormining.com, which includes a facility to register to receive these updates by email, and on the Company's twitter page @ThorMining.

About Thor Mining PLC

Thor Mining PLC (AIM, ASX: THR; OTCQB: THORF) is a diversified resource company quoted on the AIM Market of the London Stock Exchange, ASX in Australia and OTCQB Market in the United States.

The Company is advancing its diversified portfolio of precious, base, energy and strategic metal projects across USA and Australia. Its focus is on progressing its copper, gold, uranium and vanadium projects, while seeking investment/JV opportunities to develop its tungsten assets.

Thor owns 100% of the Ragged Range Project, comprising 92 km2 of exploration licences with highly encouraging early-stage gold and nickel results in the Pilbara region of Western Australia, for which drilling is currently underway.

At Alford East in South Australia, Thor is earning an 80% interest in copper-gold deposits considered amenable to extraction via In Situ Recovery techniques (ISR). In January 2021, Thor has announced an Inferred Mineral Resource Estimate of 177,000 tonnes contained copper & 71,000 oz gold¹.

Thor also holds a 30% interest in Australian copper development company EnviroCopper Limited, which in turn holds rights to earn up to a 75% interest in the mineral rights and claims over the resource on the portion of the historic Kapunda copper mine and the Alford West copper project, both situated in South Australia, and both considered amenable to recovery by way of ISR.²³

Thor holds 100% interest in two private companies with mineral claims in the US states of Colorado and Utah with historical high-grade uranium and vanadium drilling and production results.

Thor holds 100% of the advanced Molyhil tungsten project, including measured, indicated and inferred resources⁴, in the Northern Territory of Australia, which was awarded Major Project Status by the Northern Territory government in July 2020. Diamond drilling is currently underway to test potential extension to mineralisation.

Adjacent to Molyhil, at Bonya, Thor holds a 40% interest in deposits of tungsten, copper, and vanadium, including Inferred resource estimates for the Bonya copper deposit, and the White Violet and Samarkand tungsten deposits.⁵

Notes

1 www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210127-maiden-copper.gold-estimate-alford-east-sa.pdf 

2 www.thormining.com/sites/thormining/media/pdf/asx-announcements/20172018/20180222-clarification-kapunda-copper-resource-estimate.pdf  

³ www.thormining.com/sites/thormining/media/aim-report/20190815-initial-copper-resource-estimate---moonta-project---rns---london-stock-exchange.pdf

4 www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210408-molyhil-mineral-resource-estimate-updated.pdf  

5 www.thormining.com/sites/thormining/media/pdf/asx-announcements/20200129-mineral-resource-estimates---bonya-tungsten--copper.pdf  

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available.  Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01  Amended 01/01/11

Name of entity:   Thor Mining PLC
ARBN:   121 117 673

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. 

Name of Director	Nicole Galloway Warland
Date of last notice	27 April 2021

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	22 November 2021
No. of securities held prior to change	Direct ·      250,000 Ordinary Shares/CDIs ·      4,000,000 Unlisted options, exercise price $0.026 (2.6 cents), expiry 28/09/2023
Class	Listed Options exercise price £0.013 (1.3 pence), expiry 22/11/2025
Number acquired	12,000,000
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Granted to Directors for nil consideration.
No. of securities held after change	Direct ·      250,000 Ordinary Shares/CDIs ·      4,000,000 Unlisted options, exercise price $0.026 (2.6 cents), expiry 28/09/2023 ·    12,000,000 Listed Options exercise price £0.013 (1.3 pence), expiry 22/11/2025
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Granted for nil consideration to incentivise, reward and retain Directors.  Approved by shareholders on 10 November 2021.

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

Part 3 - +Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available.  Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01  Amended 01/01/11

Name of entity:   Thor Mining PLC
ARBN:   121 117 673

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. 

Name of Director	Mark Potter
Date of last notice	27 November 2020

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	22 November 2021
No. of securities held prior to change	·      2,910,831 Ordinary Shares/CDIs ·      8,000,000 Unlisted options exercisable at A$0.0095 expiring 8 July 2023
Class	Listed Options exercise price £0.013 (1.3 pence), expiry 22/11/2025
Number acquired	8,000,000
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Granted to Directors for nil consideration.
No. of securities held after change	·      2,910,831 Ordinary Shares/CDIs ·      8,000,000 Unlisted options exercisable at A$0.0095 expiring 8 July 2023 ·      8,000,000 Listed Options exercise price £0.013 (1.3 pence), expiry 22/11/2025
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Granted for nil consideration to incentivise, reward and retain Directors.  Approved by shareholders on 10 November 2021.

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

Part 3 - +Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available.  Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01  Amended 01/01/11

Name of entity:   Thor Mining PLC
ARBN:   121 117 673

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. 

Name of Director	Mark McGeough
Date of last notice	2 December 2020

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	22 November 2021
No. of securities held prior to change	1,861,765 Ordinary Shares/CDIs
Class	Listed Options exercise price £0.013 (1.3 pence), expiry 22/11/2025
Number acquired	8,000,000
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Granted to Directors for nil consideration.
No. of securities held after change	·      1,861,765 Ordinary Shares/CDIs ·      8,000,000 Listed Options exercise price £0.013 (1.3 pence), expiry 22/11/2025
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Granted for nil consideration to incentivise, reward and retain Directors.  Approved by shareholders on 10 November 2021.

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

Part 3 - +Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available.  Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01  Amended 01/01/11

Name of entity:   Thor Mining PLC
ARBN:   121 117 673

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. 

Name of Director	Alastair Clayton
Date of last notice	11 October 2021

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	22 November 2021
No. of securities held prior to change	Direct nil
Class	Listed Options exercise price £0.013 (1.3 pence), expiry 22/11/2025
Number acquired	8,000,000
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Granted to Directors for nil consideration.
No. of securities held after change	Direct 8,000,000 Listed Options exercise price £0.013 (1.3 pence), expiry 22/11/2025
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Granted for nil consideration to incentivise, reward and retain Directors.  Approved by shareholders on 10 November 2021.

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

Part 3 - +Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nicole Galloway Warland
2	Reason for the notification
a)	Position/status	Managing Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Thor Mining Plc
b)	LEI	213800WO61Y9GPALD478
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Warrants over ordinary shares of 0.01 pence each, exercise price 1.3 pence, expiring on 22 November 2025
Identification code
b)	Nature of the transaction	Grant of warrants over ordinary shares to a Director, as approved by shareholders on 10 November 2021
.c)	Price(s) and volume(s)
		Price(s)	Volume(s)
Ordinary Shares		Nil	12,000,000
d)	Aggregated information
- Aggregated volume	n/a
- Price
e)	Date of the transaction	22 November 2021
f)	Place of the transaction	Outside a trading venue

Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Potter
2	Reason for the notification
a)	Position/status	Non-Executive Chairman
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Thor Mining Plc
b)	LEI	213800WO61Y9GPALD478
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Warrants over ordinary shares of 0.01 pence each, exercise price 1.3 pence, expiring on 22 November 2025
Identification code
b)	Nature of the transaction	Grant of warrants over ordinary shares to a Director, as approved by shareholders on 10 November 2021
.c)	Price(s) and volume(s)
		Price(s)	Volume(s)
Ordinary Shares		Nil	8,000,000
d)	Aggregated information
- Aggregated volume	n/a
- Price
e)	Date of the transaction	22 November 2021
f)	Place of the transaction	Outside a trading venue

Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark McGeough
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Thor Mining Plc
b)	LEI	213800WO61Y9GPALD478
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Warrants over ordinary shares of 0.01 pence each, exercise price 1.3 pence, expiring on 22 November 2025
Identification code
b)	Nature of the transaction	Grant of warrants over ordinary shares to a Director, as approved by shareholders on 10 November 2021
.c)	Price(s) and volume(s)
		Price(s)	Volume(s)
Ordinary Shares		Nil	8,000,000
d)	Aggregated information
- Aggregated volume	n/a
- Price
e)	Date of the transaction	22 November 2021
f)	Place of the transaction	Outside a trading venue

Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alastair Clayton
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Thor Mining Plc
b)	LEI	213800WO61Y9GPALD478
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Warrants over ordinary shares of 0.01 pence each, exercise price 1.3 pence, expiring on 22 November 2025
Identification code
b)	Nature of the transaction	Grant of warrants over ordinary shares to a Director, as approved by shareholders on 10 November 2021
.c)	Price(s) and volume(s)
		Price(s)	Volume(s)
Ordinary Shares		Nil	8,000,000
d)	Aggregated information
- Aggregated volume	n/a
- Price
e)	Date of the transaction	22 November 2021
f)	Place of the transaction	Outside a trading venue

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