Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEmpire Metals Share News (EEE)

Share Price Information for Empire Metals (EEE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 9.75
Bid: 9.50
Ask: 10.00
Change: -0.15 (-1.52%)
Spread: 0.50 (5.263%)
Open: 9.95
High: 10.10
Low: 9.75
Prev. Close: 9.90
EEE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Empire Metals kicks off exploration campaign at Pitfield

Thu, 29th Feb 2024 13:49

(Sharecast News) - Empire Metals initiated a significant exploration campaign at its Pitfield Project in Western Australia on Thursday, marking a pivotal step forward in its resource development endeavours.

The AIM-traded firm said the project, aimed at evaluating high-grade titanium-mineralised zones conducive to shallow open-pit mining, would see the completion of 800 metres of diamond core drilling by the end of March, followed by a 40-hole reverse circulation drilling campaign spanning 6,000 metres, expected to conclude in about 10 weeks.

It said the comprehensive drilling effort aimed to quantify the extent of two identified high-grade titanium-mineralised zones, strategically chosen for resource evaluation work.

Secondly, the diamond core drilling component was poised to furnish essential core samples for further mineralogical analysis and metallurgical testing, expediting the economic assessment and subsequent development phases of the project.

The company said the diamond core drilling programme was designed to comprise four angled boreholes, each to a depth of 200 metres.

Those holes would specifically target the confirmation of near-surface, high-grade titanium mineralization previously identified through initial drilling campaigns and surface sampling efforts.

At the same time, the upcoming reverse circulation drilling phase, constituting the project's third campaign to date, would serve to both expand on and delineate the known high-grade, bedded mineralisation zones.

Additionally, it would explore newly-identified targets along the length of the magnetics-gravity anomaly, further enhancing the project's understanding of its geological potential.

"I am delighted to announce that we have commenced drilling the first of the next four diamond core holes we have planned for Pitfield," said managing director Shaun Bunn.

"The diamond core drilling, the second campaign of diamond drilling at Pitfield, represents the start of a major project development push, aimed at providing key samples for mineralogical and metallurgical characterisation, with a view to establishing an economic processing route to produce high-value products.

"The diamond core holes are focussed in areas of known titanium-enriched mineralisation, based on the results of our previous drilling campaigns, and the information we will gain from these four, 200 metres deep, drill cores will be invaluable in terms of increasing our understanding of the nature of the titanium minerals and their metallurgical characteristics."

At 1330 GMT, shares in Empire Metals were down 4.26% at 9p.

Reporting by Josh White for Sharecast.com.

More News
10 Sep 2020 16:01

UK TRADING UPDATE SUMMARY: Prime People Hurt As Covid Hits Job Market

UK TRADING UPDATE SUMMARY: Prime People Hurt As Covid Hits Job Market

Read more
4 Sep 2020 10:50

Empire Metals Begins Work Programme At Eclipse Gold Project

Empire Metals Begins Work Programme At Eclipse Gold Project

Read more
12 Aug 2020 12:00

UK TRADING UPDATE SUMMARY: Angus Energy Lands Offtake Pact With Shell

UK TRADING UPDATE SUMMARY: Angus Energy Lands Offtake Pact With Shell

Read more
3 Aug 2020 22:16

UK TRADING UPDATE SUMMARY: Bluebird To Buy Southern Gold Venture Stake

UK TRADING UPDATE SUMMARY: Bluebird To Buy Southern Gold Venture Stake

Read more
30 Jul 2020 15:52

IN BRIEF: Empire Metals Swings To Interim Profit Despite Revenue Fall

IN BRIEF: Empire Metals Swings To Interim Profit Despite Revenue Fall

Read more
30 Jun 2020 18:27

IN BRIEF: Empire Metals Loss Narrows On Reduced Impairments

IN BRIEF: Empire Metals Loss Narrows On Reduced Impairments

Read more
27 Apr 2020 11:07

Empire Metals To Acquire 41% Stake In Munni Munni Palladium Project

Empire Metals To Acquire 41% Stake In Munni Munni Palladium Project

Read more
28 Feb 2020 16:12

Empire Metals Raises GBP600,000 For Recently Secured Georgian Tenures

Empire Metals Raises GBP600,000 For Recently Secured Georgian Tenures

Read more
16 Jul 2010 09:58

Engel East Europe Nv Re Agreement

TIDMEEE RNS Number : 4645P Engel East Europe N.V. 16 July 2010 ? Engel East Europe N.V. Investment in Parent Further to the announcement made on 10 March 2010, Engel East Europe N.V. ('Engel East Europe' or 'the Company'), the AIM-quoted C

Read more
21 Jun 2010 15:06

Engel East Europe Requests Shares Suspension On AIM

LONDON (Dow Jones)--Engel East Europe NV (EEE.LN), an AIM-listed Central and Eastern European property developer, said Monday its shares will be immediately suspended from trading on AIM. MAIN FACTS: -The company will not be able to comply with Rule 19 of the AIM Rules for Companies requirin

Read more
21 Jun 2010 15:00

Engel East Europe Nv Statement Re. Suspension

TIDMEEE RNS Number : 9653N Engel East Europe N.V. 21 June 2010 ? Engel East Europe N.V. Suspension of Shares to Trading on AIM 21 June 2010 - Engel East Europe N.V. ('Engel' or 'the Company'), the AIM-listed Central and Eastern European property d

Read more
14 Jun 2010 07:48

Engel East Europe: Panorama Project Taken Into Possession By Bank

LONDON (Dow Jones)--Engel East Europe N.V. (EEE.LN), an AIM-listed Central and Eastern European property developer, said Monday it has been informed that the lending bank to E.G. Panorama EOOD, the company that owns the Panorama project in Bulgaria, has appointed an executer to take possession of th

Read more
20 Nov 2009 14:23

Sector movers: Ferrero reports sweeten Cadbury

Food producers are going well, including Dairy Milk chocolate maker Cadbury, which is given a lift by reports that Italy's Ferrero may be interested in taking on its gum and sweet units as part of a joint takeover with US sweet maker Hershey. Ferrero, the maker of Ferrero Rocher chocolates, is thou

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.