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Early signs look good for Thor Mining’s Australian in-situ recovery copper project

Thor Mining's new copper project shows early signs of being viable as an in-situ leaching project
copper
Copper prices have been improving in recent months as the global economy continues to strengthen

Thor Mining PLC (LON:THR) is continuing to assess the viability of developing the Kapunda copper project in South Australia as an in-situ recovery project.

In such operations, metal is dissolved in solution and recovered in liquid form from its ore, without the need actually to break rock.

READ: Thor Mining gets first royalty payment from gold production at the Spring Hill project in Australia

The company has noted that copper is naturally leaching into groundwater around the deposit, a very positive indication of viability.

Accordingly, water testing from local existing bores to determine metal content, will be an early focus of the company’s work on the ground.

Other early activities will be directed at confirming the current understanding that the geology of the deposit is favourable for in-situ recovery.

"We are very excited about this copper opportunity at Kapunda,” said chairman Mick Billing in a statement.

“We are fortunate that there is no requirement for exploration drilling in the hope of finding economic mineralisation - that work has been done, and the mineralisation is well known.

READ: Thor Mining pleased with latest cores from Pilot Mountain tungsten project in Nevada

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