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Capital Drilling Plc

Thor Explorations gets $78m funding from Africa Finance Corporation

The winner of the 2018 Mining Indaba “investment battlefield” competition, Thor Explorations, has received approval from the Africa Finance Corporation for a US$78 million financing package for the construction and ramp-up of its 100 percent owned Segilola gold project in Nigeria. 

Thor Explorations’  chief executive Segun Lawson pitched the project to a panel of judges at the competition on the sidelines of an annual Africa mining investment conference in Cape Town.

Capital Drilling Ltd (LON:CAPD) provide complete exploration and production drilling solutions to customers within the global minerals industry, with a focus on the African markets & gold mining. The company were awarded a five-year exploration and grade control contract at Thor Explorations‘ Segilola gold mine.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.