ASX-listed juniors Thor Mining and Terramin Australia will jointly investigate the development of the Kapunda copper deposit, in South Australia, through a joint venture with partner Environmental Copper Recovery (ECR).
Thor on Wednesday told its shareholders that it would invest in ECR, initially through a convertible loan note worth up to A$1.8-million, which would be used to fund field test work and feasibility activities at Kapunda over the next three years.
