Thursday, July 25News That Matters

Empire Metals to “come back to the market with a clear plan” for handling titanium opportunity

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Empire Metals Ltd (AIM:EEE) CEO Shaun Bunn speaks to Thomas Warner from Proactive London after the resource exploration and development company revealed fresh indications of titanium at its Pitfield Project in Western Australia.

The potential titanium deposit was initially revealed back in the spring, and fresh results from surface sampling showcased high-grade titanium concentrations.

Bunn says that the surface sampling program, conducted over recent months in previously unexplored areas of the license, revealed extraordinary results. Many samples exhibited titanium dioxide (TiO2) concentrations exceeding 10%, with a peak of 21.5%. The CEO emphasises the importance of these findings, setting the stage for potential high-grade zones within the vast mineral system.

The Pitfield project's diamond drill program, initiated in late September, has completed three holes across the extensive anomaly, notably the Mt Scratch area. Bunn reveals that handheld XRF testing confirmed mineralization throughout the entire depth of the drill holes, reaching 350 meters below the surface. The consistency across all three holes, even at a significant distance, has exceeded expectations.

While awaiting final assay results from the diamond drilling, Bunn expresses enthusiasm about the project's scale, describing it as possibly one of the largest titanium systems yet reported. The challenge now lies in identifying high-grade zones for concentrated mining and understanding the mineral distribution for effective processing. Band outlined plans to conduct metallurgical testing on the obtained core to determine the behaviour of the titanium-rich material.

Addressing the prospect of collaboration, Bunn states the company's confidence in its technical capabilities and network of experts. While open to appropriate partnerships, he says Empire Metals is well-positioned with its current funding and intends to continue its exploration and development journey independently.

Contact Details

Proactive UK Ltd

+44 20 7989 0813

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