Molyhil to deliver economic boost
Image: Thor. BY JESSICA CUMMINS THOR Mining’s proposed $69 million Molyhil tungsten mine in the Northern Territory could deliver net value of $100 million and more than $500 million in revenue over its seven year mine life, according to new findings from an enhanced Definitive Feasibility Study (DFS). The project, 220km northeast of Alice Springs, would include a simple open-cut mining operation and conventional mineral processing plant, and deliver an early payback within 18 months of first production. Thor executive chairman Mick Million said the upgraded Net Present Value in excess of $100 million demonstrated the substantial value the project holds for the company. “There is further significant upside at Molyhil from expanding into potential underground...