The Board of Thor Mining Plc announced to provide a positive progress update on the company's wholly owned proposed Molyhil tungsten/molybdenum mine in Australia's Northern Territory. In October 2017 the company announced it had commissioned a revised Ore Reserve study to draw together the technical data from various positive work completed. This report containing an Open Cut Ore Reserve Statement has been successfully completed with positive findings increasing the overall Ore Reserve and extending the Molyhil mine life. Significantly also, a new and potentially profitable additional underground mining option has been identified, in addition to the original plan for Open Pit mining. Open Cut Ore Reserve Statement, classified as probable, of 3.5 million tons 0.29% WO & 0.12% Mo; Molyhil Open Cut mine life extended by 17% to 7 years; Additionally, significant blocks of the resource, in indicated and inferred resources category, outside and below the pit shell have been assessed and, subject to further drilling and other technical reviews, appear to warrant a subsequent underground mining operation after Open Pit mining has concluded; The Company is updating capital and operating cost estimates with an objective of further cost reductions and positively impacting mining and processing economics; Work undertaken confirms increased project viability and supports the completion of an upgraded Definitive Feasibility Study (DFS) expected in the current quarter.