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Equal to or close to the amount of crap coming out your mouth 🤣🤣🤣
Sorry pal, I wanted to resist, but you set it up so beautifully đź‘Ś
No need for apologies Manlord, its easy to get excited ourselves and get caught up in the progress and rush read. Not just Sean who is struggling to bottle it up đź‘Ť10p today I dare say, wouldn't but after the tree shake and a solid day yesterday why not!!!
GLA
No need to guess. We will find out soon enough. Will it move the current SP is the question?
Answers on a postcard please!!!!
My apologies Jwoz et al,
I actually watched the interview and thought SB was just talking about the upcoming DD results and was expecting a 15% increase.
I didn’t realise he was talking about the already known results which now that I think about it is all he can discuss.
Thanks for clarifying and note to self: Re-read & re-listen to RNS’s & interviews.
Anyway in far more important news, Leeds are going to Wembley! What a week ;-)
ML
It’s actually in the RNS. And it’s not 6.9. It’s an overall ave across the 67 holes, 14.7% higher rounded up to 15% by SB.
Excerpt
An analysis of the 67 RC drillholes completed to date over the Cosgrove and Thomas prospects (the areas referred to in Figures 3 and 4) shows elevated TiO2 grades are present within the top 40m in 86% of the drillholes. The average grade for the top 40m, representative of the near-surface zone of weathered sandstone, was 5.53% TiO2 metre across all 67 drillholes, compared to an average grade of 4.82% TiO2 metre for the >40m to end of hole intercept which represents an average 14.7% increase in grade within the uppermost 40m of weathered sandstone.
21% would be nuts
And surely would have been in the RNS
6.9 maths @15% above 6 is the sensible view imo
Type type type
But all I hear is
đź’©đź’©đź’©đź’¤
Was going to ask you the same question, but it's widely known you speak verbal diarrhoea pal
Dusty - You sound like you have been drinking contaminated Brixham water. What was your problem diarrhoea or vomiting?
World class titanium find in a safe country
whats not to like !
I’m older than you but I still love a good scrap, come on let’s have it!!
"The wise warrior avoids the battle,
Sun Tzu, The Art of War
I'm 40 years of age, only thing I'm doing is going to 🛌
If this hits 50p I am flying dusty to Vegas to fight in a cage, bare knuckle the winner takes all. The loser heads to Ireland to fight again
For clarity, I may have misunderstood the 15% grade increase & it may mean the top oxidised layer now contains 6.9% (15% of 6% = 0.9%) so the top 40m would contain 6.9% (not 21%).
As the avg grade in peer companies is 1% it might be more plausible that the 6.9% is correct, rather than my first assumption of 21%. The reason I first thought it was 21% is that Shaun followed this up with the words “ The implications of this in terms of mining costs, separation & value add are enormous”
I wasn’t sure you’d be so bullish over a 0.9% increase when the grades have thrown up 4% - 6% on average across the drilled project areas.
Anyone with a firmer grasp of the grade position please feel free to jump in and correct me.
Thanks
ML
Or I'm chatting shiiiite again and ageos will give us the real reason, he is a good egg đź‘Š
Haha ain't you kind, it's honestly just an investment to me, for my family to enjoy I live a quite frugal life. I'll enjoy the feeling of success in my ventures for sure, the money will be an adding consequence to it.
I agree with manlords sentiments tho, it's hard for him not to contain his level of excitement and a rerate is the next logical step once proven, any idea how long once proven does these take?
I think the surface level being of the strongest grade means a path to mining and processing a relatively low cost task meaning they can not worry about pace of profit margins if required to dig a little deeper, I'd say the whole area will be of similar results and his assumption due to weathered effects.
Thank the heavens for sunny Australia eh
Thanks for sharing Jeligknight!
The last time we hit 9.35p on an upward trajectory it was coming up to Christmas.
I can absolutely assure you we are in a far better situation than we were then, and that was a very good position at the time.
The risks are reducing & the opportunities are increasing. Shaun can hardly contain himself from giving it all away verbally!!!!! Remember these guys are experts in their fields, backed up by more experts in their fields and with grades up to 15% (higher than previous) that makes close on 21% grade in certain areas (assumption made based on interview). They have this project a year now since the initial find and these statements / interviews are being undertaken with full knowledge and expectation. It’s very telling IMO.
I’m as excited as ever & the clock is ticking on the rerate move which potentially could unlock huge rewards.
GLA
ML
My understanding is that we always knew that there were good grades from surface or near surface. What Shaun appears to be saying is the top 40m of sandstone is 'weathered' and slightly more enriched with Ti.
Mineral deposits (eg copper) often have an oxide layer above a sulphide layer and I'm guessing Pitfield is showing such an oxidised upper. There may be implications in terms of process chemistry and prior separation stages. I would expect the pilot plant to be optimised for this upper 40m layer of weathered material. I'm hoping we'll hear more about this soon.
GLA.
PS if/when we hit 50p we should have some kind of meet-up in London. I'd like to meet some of you (that includes you Dusty) :-)
Yes tesa, we have read all that and collected the information and digested it into understanding. I meant do you have anything to add?
Reverting to whitty remarks and insults is just an epic waste of peoples time and your own, as now you have had to go above and beyond to copy and paste the information to save face, all which was avoidable.
As for the high concentration at surface level, I'd say it has something to do with the weather and climate surrounding at the location having positive effects on the concentration levels. Perhaps unusual compared to other geological locations that have titanium compounds in, but I'm no expert so I can only try to have a vague understanding of its meaning, and I'm ageos will have a broader understanding.
And forgot to add: should have a massive impact on the economics.
I guess one of the reasons he is so excited is that the payzone starts right at surface!...
Relative cheap cost of extraction as they can start digging straight from the soil opposed to more complex deep mine design. Modest capex for immediate returns sort of, opposed to other projects where they first have to get deeper down to the bedrock, which could be multiple tens or hundreds of feet deeper down below.
Shaun was definitely excited about the weathered layer at surface.
If AGEOS is available to help with what this means, that would be really helpful, TIA.
I am guessing it is more concentrated.
GLA
BW Jeli
Video >>> https://www.youtube.com/watch?v=ckh7DSqCFp8
Empire Metals Ltd (AIM:EEE) managing director Shaun Bunn discusses the results from the final 22 reverse circulation (RC) holes at the company's Pitfield project in Western Australia with Proactive's Stephen Gunnion.
The drilling campaign targeted two key areas, the Cosgrove and Thomas prospects, each spanning approximately 25 km². Bunn highlighted that every hole intercepted high-grade titanium from surface to depth, indicating the presence of a highly weathered cap with up to 15% higher grade at the surface.
Additionally, Bunn mentioned the completion of four diamond drill holes with excellent core recovery, pending analytical results. These core samples are critical for mapping geological structures and obtaining metallurgical and mineralogical data. The drilling program comprised 107 holes, covering over 17,000 metres, including seven diamond drill holes.
Bunn explained that the company has mapped a giant mineral system over 30 to 40 km in strike length, with the deepest drilling reaching 400 metres. The focus is now on higher-grade sandstone-dominated systems near the surface at the Cosgrove and Thomas prospects. The next steps include delineating chalk exploration targets and determining the tonnage and scale of these deposits.
Empire Metals has engaged Snowden Optiro to provide geological expertise and ensure compliance with JORC standards. Snowden will assist in preparing geological models and defining high-grade zones, working closely with the exploration team.