Member Info for ademcg

Keep them coming ML, its building, like what I watched on social media in April, CATL need Titanium to make their next gen battery tech work:

Repost:

New CATL battery breakthrough needs Titanium30 Apr 2026 19:12

Are you ready for the future of battery cell power?

CATL are delivering new cutting edge battery technology which depends on Titanium to work.

If only there was a low cost, highest quality Titanium supplier....hmmm 🤔🤔😉

https://youtu.be/23rNScVO0Vc?si=K8NtoJxWoM1rMhhi

Well, the 26th March 2009 was my first purchase of GKP, pre strike and over the last 17 years we have been through an awful lot.

Looking back it seems a long time to lock capital up, but lessons learnt. I have more than made a nice profit on dividends alone, but would love to see the price react up and to the right with some positive momentum:

Key things to look forward to:

WM report and a payment structure established and functioning will be a great start.

Previous monies owed needs resolution.

Lets start with the reopening and getting the black stuff flowing, that will certainly boost the sp, then we can always have a little fun with the rumour mill and the ever present tales of M&A ...which will always be a possibility but we have been there before (Sinopec, etc) but I guess we now have suitors on the same bourse (Oslo) if the rumour mill is to be listened to. 😁

Fingers crossed that we are on the cusp of something monumental and positive in terms of payment resolution and stability, but given the region, its best to expect the worst and anything better is a bonus

GLALTH👍

Just managed to reinvest my divi @ 178p 😊👍

Are you ready for the future of battery cell power?

CATL are delivering new cutting edge battery technology which depends on Titanium to work.

If only there was a low cost, highest quality Titanium supplier....hmmm 🤔🤔😉

https://youtu.be/23rNScVO0Vc?si=K8NtoJxWoM1rMhhi

Given the run up over the last few months, perhaps it's a.classic Buy the rumour Sell the fact?

Still nothing this morning (II) very strange this one, usually like clockwork before lunch time on the divi due day

It's only an optics drop. MM'S playing with the spread, 29.5p to buy 28.8p ro sell when you try any number of shares combos.

Whilst I agree with your posts sentiment, I feel I must disagree with your interpretation of where EEE are in their development.

Simple overlays and comparrisons with a "standard mine development approach" are IMHO misguided much like the 4% rule ( one for us oldies of a certain life phase and age) they are over simplified representations designed to communicate to the less well informed a complex hypothesis of what "might" fit, a kin to a best fit line on a chart of data.

For what it's worth i believe we are still in the discovery and resource definition phase ( and pre feasibility) hence the massive drilling campaign currently underway to prove up and demonstrate the true scale of the find.

We have yet to reach peak sp during the discovery/ pre feasibility stage and IMHO I believe 2026 will be that peak yet to play out.

Additional feedback from SB stating he is short cutting the traditional Lassonde Curve and with fast tracking continuous piloting and an acceleration of flow sheet confirmation and looking to put products for potential customers in their hands further adds credence to this viewpoint.

In summery, i believe You have not missed the main even yet and the above points should be considered 🤔

As always, many thanks Ageos for the in depth geology review and as always ML the building out of the wider financial picture. For those of us who may struggle to join the dots between these two world and begin to critically analyse what it may mean for your investment, the current market capitalisation of Empire is in the region of £207 million and a share price approx 29p, even if we take the conservative numbers and a risk factor (I think 50% or 0.5 was used in other threads) then the market cap will be pushing north of £900million or more, which is multiples of todays sp.

If you believe in what SB is saying and the quality of the geology, then sit back and ignore the noise, easier said than done on many days, but having bought in to the story at 5p, (I know it is a lot easier in that instance to stay calm ) and one day in the not too distant future (maybe early 2027- which is only 9 months away) we will all be wondering what all the stress was about. Stay healthy, safe and see you on the other side.

Or perhaps someone wants out...see BASF RNS

Last Bit:

Q. How do you get TiCl4 from this process (Titanium tetrachloride) from this process?

A. Need 90% TiO2 so we have that in the pocket, but main need is to deliver the right particle size. Is straight forward for our feedstock and well understood process used around the world.

Q. Other licences – Gold project

A. Would look to sell the project, in the future a deal can be achieved. Other (Walton) is one we want to keep and maintain. Not actively drilling, but surface exploration and geophysics. Highly prospective for Copper & Gold. But focus not diverted from Pitfield.

Early next year, News flow heavy, focus on how we advance, partnerships and government assistance, plus non-government groups (end users) On the back of continuous piloting output.

Continued:

Continuous piloting is the validation of the flow sheet. A lot more clarity on the real opportunity that Pitfield presents will be delivered shortly.

Q&A

Greg:

Q. Share price & structure and listing on ASX:

A. In response to share price over last few months, no material change to financial or operational outlook. Volatility but remain confident long term value for shareholders. Not focused on short term share price fluctuations. We are fully funded.

ASX listing – great respect for AIM listing and has performed brilliantly on AIM and had strong support from retail investors and more recently Institutional

Intention is to list on ASX given the quality of deposit and in Aus Tier 1 jurisdiction, will be a dual listing strategy (AIM & ASX) will be progressed in the New Year

The last fundraise came in at a 15% premium from 3 preexisting institutional investors Now can look to bring on board bigger institutions.

Government support is tremendous, Australian critical mineral funds, focused on establishing tertiary processes in Aus. Over the next 6 months these discussions will progress

Shaun Bunn

Q. Drilling & Exploration how will DC drilling increase MRE, why choose DC in the first place

A. Thomas drilling is focused on geotechnical sampling, better understanding of weathered zone and generate more samples for characterisation. It won’t connect Cosgrove & Thomas (20km apart)

A lot coming from these 10 holes

The real push to extend resource estimates will be on Cosgrove, to have optionality, have 2 high grade targets of the same order of magnitude

AC campaign early next year, waiting for farmers to complete harvest phase

Looking to get Measured and Indicated levels

Q. Drilling Access and land owners

A. Farmers are signed up to access agreements and more will follow. The farmers own the near surface land rights but don’t own the minerals. A compensation agreement is reached with all parties under Aus law, and it can’t be vetoed and is a common process in Aus.

Q. Are ay areas in the tenements that would require Government consent?

A. No reserve lands sit on and no requirement to look to negotiate sensitive cultural /. National heritage parties.

Q. Joint Venture – 70 / 30 with Century

A. The agreement and upon agreement to mine, Century will be forced to either sell to Empire or be diluted.

Q. TiO2 pigment product

A. Crystal structure of the Pitfield product has an advantage as we have the optimality to either do Anatase or Rutile pigment or both, ultimate flexibility and a competitive advantage.

Just my notes, typed whilst listening to this mornings investor Q&A, I may have missed typed or completely missed some bits it was quicker than my fingers could move at times :D

Empire Metals Investor Q&A 28th November 2025

Shaun Bunn:

MRE October, was a fantastic result, 2.2 bln tonnes (113 million tonnes of TiO2) which is only 1 fifth of the resource , 700 million tonnes “Indicated” and more will be brought into “Measured” at Thomas, later will do the same with Cosgrove,.

It is also only drilled down to 100m, the ore body has been drilled and tested to around 400m

Exceptional grade, no meter drilled has ever hit waste, it is all ore body.

Purity, made a pigment, 99.25% TiO2

The ore in ground is impurity free (including colour forms)

30 months from discovery to MRE and a process flow sheet into continuous piloting is an exceptional pace.

Greg:

Titanium is strategically important and classed as a CRITITAL MINERAL by USA, EU

90% of world supply comes from ilmenite, dirty, carbon & Energy intensive and expensive process route.

Pitfield opportunity can potentially deliver premium feedstock supply USA, & Middle East

Demand is growing and supply from safe jurisdictions is reducing, which is good for Pitfield

Engagement program with Australian Government.

Shaun Bunn:

District scale deposit, a very rare find.

Multi-generational supply chain

Flowsheet will be further developed over the next 3 to 4 months.

Access to Green Energy (particularly if you want to produce metal) is important in making sponge material, (wind / solar & geothermal)

The level of investment from USA and Australian governments is massive.

Rapid product development – continuous piloting early 2026.

77% recovery (rough stage) 90% in cleaning phase going into the leaching phase, very efficient process and recoveries and grades are high.

98% of the Titanium is able to be brought out into the refining phase (from the leaching phase) An Atmospheric process will be used moving forward. As low levels of Iron oxide, no high acid consumption and no iron sulphate waste product unlike traditional ilmenite processes.

Feedstock quality means a much simpler and adaptable Flow sheet.

Current activities & looking forward:

Flow sheet being further developed (digestion steps) to target specific products (Tickle for metal production) will start Q1 2026

Bulk pigment samples will be run, end Q1 samples will be taken to prospective users

These will be fed into Engineering and feasibility studies

Greg:

Capital structure 7 million raise with existing institutional investors (Cash position 11 million as of 30th Oct)

Management & experienced team has been quickly assembled.

Narelle Marriott has put together the flow-sheet

Looking forward:

Industry leading experts will drive to move to commercialisation as quickly as possible, making pigment and metal at much more cost effective price compared to competitors.

Continuous piloting is the validation o

Correction, you mean the complete capitulation of Ukraine " US Plan" ? That won't happen .

Never trust a bulletin site for anything .

It is up on the HBR investors (regulatory) section

Hey @MasterRSI Ahhhhh my free charting software (ProRealtime ) had updated and changed the 200 and 100 MA's to SMA...haha..glad you pointed that out..I have now edited the overlays and changed them back to Exponential ! :)

@MasterRSI I think the 26p level contained the Daily 200 MA (26.05p or thereabouts), perhaps this was what folk where looking at?

Once again, many thanks for distilling the Crux interview and adding the ML slant, much appreciated.

May I also reiterate something that, when you posted it at the time (June) it totally blew my mind, and that was before we had our maiden MRE which confirmed:

· One of the largest and highest-grade titanium resources reported globally1, totalling: 2.2 billion tonnes grading 5.1% TiO2 for 113 million tonnes of contained TiO2

· The MRE is reported only for Pitfield's Thomas and Cosgrove deposits, and contains an in-situ Weathered Zone, inclusive of both the saprolite and weathered bedrock, of: 1.26 billion tonnes grading 5.2% TiO2 for 65.6 million tonnes of contained TiO2

· The MRE also includes a significant INDICATED Resource category, predominantly at the Thomas deposit, of: 697 million tonnes grading 5.3% TiO2 for 37.2 million tonnes contained TiO2

And that is....we are back at around the 1% of in situ value, with the market cap back in the region of £130m to £240m (would put us around 34p / share) valuation)

We should be, and rightly expect to be valued in the next bracket (the 1% to 3% in situ value, and a market cap between £390m to £720m, or 56.5p to 104.4p per share.)

But the market can't always be right, and often stays irrational longer than one can stay solvent, so we move on.

GL all genuine people, investors and traders alike, enjoy your weekend.

In the accompanying video SB also addresses the question on the "products" with the continuous piloting Q1 (nothing to build, it is already in situ at the mining labs, multi tonnes, not small scale) they will not only look to produce pigments but also TiCl4 which is used for Titanium sponge (METAL).

Oh and dismissed the notion that EEE are constrained by the "mythical" - (my words) lassonde curve, and they will mitigate this by accelerated process development as the material needs no special treatments / processing.

All in all a good 41 minutes distraction from the short sighted and narrow views being aired around the place.

@Titaniumboy as the company has already confirmed, the pilot plan will most likely already exist at one of the many nearby specialist world class mining consultant facilities. All they have to do is gather the materials and ship it. No expensive, long lead time kit to build at this stage. This is why it is on a rapid timeline.