The chief minister of the Northern Territory, the Honourable Michael Gunner MLA and the Chairman of Thor Mining, Mick Billing, announced a Project Facilitation Agreement (PFA) between the government and the company on 4 July.
The company is currently pursuing US$43mln in project finance for the development-ready Molyhil project.
Chief Minister, The Honourable Michael Gunner MLA, commented: "The Northern Territory is the rebound capital of Australia. We are the safest, and quickest to get back to business. The Territory government's focus is on creating jobs for Territorians – this project will support 59 ongoing jobs in Alice Springs with a further 40 jobs supported during construction.”
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