Canadian junior Thor Explorations is making steady progress with its Segilola gold project, in Nigeria, announcing on Tuesday that it had signed an engineering, procurement and construction contract and that the $97.6-million project was now 89% funded.
Chinese-headquartered Norinco International will deliver Segilola at a fixed price of $67.5-million for the full delivery of design, engineering, procurement, construction and commissioning of the proposed 650 000 t/y gold ore processing plant within 18 months of the commencement date.