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I agree, it's nice to see titanium have an thought other than what was on offer yesterday!! We have the rights to the other sites so there not going anywhere and I'd prefer funding to be focused on this, which in turn will fund further projects!! As they say, you only need 1 gem, the rest will become easier.
And oldslow, manlords post with the mineral test chart was dated 4 March 24, so it's fair to say could be approaching
I’m with this train of thought Titanium, whilst the other two may be just as fantastic and large, great, good or bad. I’d much prefer this one get rubber stamped, have all the bells and whistles results on show and once (if EEE isn’t bought out by then because let’s face it, it will be hard to ward off the big boys if this ends up being as big as SB says) it’s making a generative income. THEN we go and check out the other two.
The confidence of Sean on this and others given the results, I’m personally hoping this site gets a JV with a major it’ll accelerate the extraction and then become income generative the SP will rocket (perhaps divi too) I’d be happy with that and then empire can be in a position where they check out the other two sites and if they’re mediocre he could just sell them off individually.
I think the whole team are kinda busy and very focussed on proving Pitfield is the biggest source of the planets titanium, at very low cost to produce, for the next 20+ years… logic beong that it’s now confirmed, so it trumps guess work elsewhere.
Would be my thoughts and I agree with the logic.
Wow, the project is really moving at pace, over 17,000 metres drilled in a year !
Our ambitious development plan at Pitfield, which will see delivery of a demonstration plant next year,
I like that bit, the majors will be all over this for a JV or a buyout..!
Looking really good over the next few weeks.
GLA
When the company has moved all its focus at Pitfield after what they thought was a copper play and now turning into a world class Titanium project. With a pilot plant planned, brining in high calibre titanium experts. A new processing manager, government funding. He’s getting all his ducks in a row with century metals tells me everything I need to know. I remember Shaun didn’t get it after first round of RC results, he was looking for copper then something massive changed in his mindset. Don’t get me wrong I want him to get started on the other projects, but I dont think that’s happening for now with a potential multi billion dollar project in Pitfield is brought to fruition. iMHO GLA
Everything moving quickly - except the share price which appears to be stuck in the doldrums.
I tell you what would get this moving upwards again - if they started drilling at one or both of the other projects - Walton or Stavely. These were both acquired at the same time as Pifield, with news of the acquisition released on 6th April 2022 - 2 years ago - so maybe it is time to get these moving forward alongside Pitfield. I'm not sure about Walton, but Stavely is a big copper prospect.
I like the pace moving forward
Empire Metals Limited / LON: EEE / Sector: Natural Resources
18 April 2024
Empire Metals Limited
("Empire" or "the Company")
Drilling Campaign Completed Successfully at Pitfield Project
Empire Metals Limited (LON: EEE), the AIM-quoted resource exploration and development company, is pleased to announce that further to the announcement of 27 March 2024, the Company has now successfully completed its third phase of reverse circulation ("RC") drilling at the Pitfield Project in Western Australia ("Pitfield").
Highlights
· 40-hole RC programme completed at Pitfield which focussed on testing and delineating the two known zones of high-grade, bedded mineralisation.
· Diamond core drilling completed at the end of March 2024, which focused on confirming the continuation of near surface, high-grade titanium mineralisation identified by previous drilling and surface sampling.
· RC and diamond drilling programmes were completed ahead of schedule and on budget.
· Drill core is being logged and sampling is ongoing - assay results are expected in the coming weeks.
· 101 RC holes for a total of 15,010m as well as 7 diamond core holes for a total of 2,024.6m have now been completed at Pitfield in just over a year.
Shaun Bunn, Managing Director, said: "We continue to move at pace with development at the Pitfield Project, today announcing that our latest round of drilling has been successfully completed ahead of schedule and on budget. Our ambitious development plan at Pitfield, which will see delivery of a demonstration plant next year, is designed to systematically de-risk the project and prove an expedited route to commercialisation for this globally significant new discovery. I look forward to sharing more news in the coming weeks."