focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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: 9.60
Bid: 9.20
Ask: 10.00
Change: -0.30 (-3.03%)
Spread: 0.80 (8.696%)
Open: 9.95
High: 9.75
Low: 9.40
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
6 Jun 2022 12:10

TRADING UPDATES: Nanoco ups outlook; Seeing Machines wins deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
16 May 2022 13:44

Empire reports drilling results from Eclipse Gold Project

(Sharecast News) - Empire Metals announced the assay results of the diamond drill programme at the Eclipse Gold Project in Western Australia on Monday.

Read more
16 May 2022 12:05

Empire Metals says drilling confirms gold mineralisation at Eclipse

(Alliance News) - Empire Metals Ltd on Monday said recent drilling at the Eclipse gold project, Western Australia, has confirmed gold mineralisation.

Read more
28 Apr 2022 11:36

IN BRIEF: Empire Metals raises GBP1.7 million to accelerate drilling

Empire Metals Ltd - minerals exploration and development in Australia - Places new shares to move faster on drilling. Raises GBP1.7 million through placing 85.0 million new shares at 2 pence each. The net proceeds will be used to accelerate drill programmes at the Eclipse and Gindalbie gold projects in Western Australia, scheduled for the third and fourth quarter. "Empire is now fully funded for the expanded drilling campaigns targeting the high-grade discoveries at Eclipse and Gindalbie and for further regional exploration activities across the recently acquired copper-gold projects at Pitfield, Stavely and Walton," Empire says.

Read more
6 Apr 2022 11:15

Empire Metals acquires 70% stake in three Australian projects

(Alliance News) - Empire Metals Ltd on Wednesday purchased a 70% stake in three "highly prospective" Australian-based copper-gold projects from Century Minerals Pty Ltd.

Read more
30 Mar 2022 16:06

LONDON MARKET CLOSE: FTSE 100 keeps head above water on oil strength

(Alliance News) - The FTSE 100 was able to outperform European peers on Wednesday - a reversal from Tuesday - as the commodity-heavy index was getting a lift from oil companies and miners.

Read more
30 Mar 2022 13:14

Empire Metals surges on recent drilling results

(Sharecast News) - Empire Metals updated the market on the reverse circulation drilling programme recently completed at the Gindalbie Gold Project in Western Australia on Wednesday, over which it holds a tribute agreement granting exploration, development and mining rights.

Read more
30 Mar 2022 10:06

AIM WINNERS & LOSERS: Belluscura in China pact; Team17 warns on costs

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

Read more
30 Mar 2022 09:56

IN BRIEF: Empire Metals rises on high-grade intercepts at Gindalbie

Empire Metals Ltd - London-based exploration and development company focused on Australia - Completes reverse circulation drilling at its Gindalbie Gold project, Western Australia. Empire Metals holds the exploration, development and mining rights for the project. Company says four roles drilled the Homeward Bound target returned three "very high-grade" intercepts. Intercepts at the target include: 5 metres at 8.99 grams per tonne of gold from 31 metres downhole, 3 metres at 8.96 grams per tonne of gold from 98 metres downhole and 3 metres at 9.88 grams per tonne of gold from 46 metres downhole.

Read more
17 Mar 2022 20:35

IN BRIEF: Empire Metals hails recent drilling at Eclipse asset

Empire Metals Ltd - Gold and copper miner with assets in Australia, Georgia and Austria - Drilling at Eclipse gold project spots gold mineralisation found to extend over strike length of more than 200 metres. "Seven RC holes for a total of 960m have been completed so far, focused mainly on demonstrating that the gold mineralisation persists at depth around the Eclipse shaft and Jack's Dream shaft, and to test for continuity along strike to the south-east," Eclipse says.

Read more
24 Feb 2022 14:47

IN BRIEF: Empire Metals shares rise as it starts drilling at Gindalbie

Empire Metals Ltd - Gold and copper miner with assets in Australia, Georgia and Austria - Signs tribute agreement with Maher Mining Contractors Pty Ltd for Gindalbie gold project located near Gindalbie, Australia.

Read more
8 Feb 2022 18:10

TRADING UPDATES: Mattioli reaches record client assets in first half

TRADING UPDATES: Mattioli reaches record client assets in first half

Read more
28 Jan 2022 21:20

IN BRIEF: Empire Metals notes results from Central Menzies drilling

IN BRIEF: Empire Metals notes results from Central Menzies drilling

Read more
20 Dec 2021 21:59

TRADING UPDATES: Silver Bullet faces cyber attack; Zoltav to delist

TRADING UPDATES: Silver Bullet faces cyber attack; Zoltav to delist

Read more
20 Dec 2021 11:02

Empire Metals upbeat on review of data from Eclipse project

(Sharecast News) - Exploration and development company Empire Metals updated the market on the Eclipse Gold Project in the Eastern Goldfields of Western Australia on Monday, reporting that a strategic technical review had revisited all data collected over the licence area.

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.