The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I was saying that it wasn’t an issue and that our find was found in rock so I don’t know what’s got your goat.
I don’t see this whole mineral sands malarkey as an issue at all that’s my take on it so get your knickers untwisted.
I hope for all our sakes that I’m right and you’re wrong. I believe you’re worrying over nothing but like you said I would imagine it should be easy enough to answer the reason as to why.
In the meantime take solace in that it would be really quite peculiar Bunn getting this excited about finding something huge for someone else’s benefit.
Quite specifically,
"Sandstone, a sedimentary rock, is formed when grains of sand are compacted and cemented together over thousands or millions of years"
“A sedimentary rock”
It’s no longer mineral sand, likewise and forgive the example you’ve never held a bottle of coke up and said “behold as I drink from a vessel of sand” it’s no longer sand, it’s glass. We don’t recycle or mineral sand vessels we recycle glass.
I know you said you’ve consulted solicitors on this and they got nervous but I have two solicitor friends. One is a human rights solicitor and the other an ambulance chaser. I asked the definition yesterday as to what’s the difference between perjury and perverting the course of justice, he confessed to not knowing 100% but said they’re one of the same really he thinks one is before court and one whilst sat in court but most definitely wasn’t 100%.
If you tell me you’ve specifically asked solicitors who are within the mining realms/industry I’d be worried and if so please forward me their contacts as I’ll pay them to firm up my understanding.
Hello KONGOLASSE
I apologise if I get this wrong but I wanted a clear definition myself, so google and Wikipedia it was…..
“The source of heavy mineral sands is in a hardrock source within the erosional areas of a river which carries its load of sediment into the ocean, where the sediments are caught up in littoral drift or longshore drift. Rocks are occasionally eroded directly by wave action shed detritus, which is caught up in longshore drift and washed up onto beaches where the lighter minerals are winnowed.
The source rocks which provide the heavy mineral sands determine the composition of the economic minerals. The source of zircon, monazite, rutile, sometimes tungsten, and some ilmenite is usually granite. The source of ilmenite, garnet, sapphire and diamond is ultramafic and mafic rocks, such as kimberlite or basalt. Garnet is also sourced commonly from metamorphic rocks, such as amphibolite schists. Precious metals are sourced from ore deposits hosted within metamorphic rocks.”
‘Transport’
“The accumulation of a heavy mineral deposit requires a source of sediment containing heavy minerals onto a beach system in a volume which exceeds the rate of removal from the trap site. For this reason not all beaches which are supplied by sands containing heavy minerals will form economic concentrations of the minerals. This factor can be qualitatively or quantitatively measured through the ZTR index.”
It’s quite specific in that it’s not just simply sand from a sandstone it can be the “sands” made up from a variety of heavy rocks which are eroded to make a fine “sand”.
I disagree with your comment “if you crush sandstone you get sand”, if you crush anything up enough you would have what looks like a “sand” crush a gold bar enough the result is not gold “sand” if it ends up being grain like.
I’m not trying to rubbish your question and you know what from a drill core result of the every metre containing titanium how much of that may be sand? There will be some, no doubt, but I wouldn’t worry yourself about the crush of the sandstone.
There are two “mineral sand deposits” in Australia; coburn and Tormin, they’re huge both on the coast. You only need to look at where this find it to see that we’re not on the coast.
I don’t profess to be an expert but all of the info can be found here
https://en.m.wikipedia.org/wiki/Heavy_mineral_sands_ore_deposits
Can we stop mentioning GGP here please? She's like the one that got away. The one i had fun with (made a lot of money and thought I'd done well when I sold) only to see her blossom, fill out in all the right areas, get a high paying job, and with which she could have had me retired early. So please don't bring her up again it hurts my feelings. EEE is my new girl.
Hi Prospector,
Can you shed some light on though.... even though Titanium is well worth the extra effort, time, money chasing as its much more valuable is there Copper there too?
If a copper company comes along and says "listen are we ok to process the tailings?" if there is copper it is another side avenue although I'd imagine they wouldn't want to be tied up in this.
I'm not trying to make something of nothing other than the initial "we believe there to be copper here" I've not heard anything else since about the stuff unless I've got it wrong and I've missed something?
Thought I’d pull some bits of story so far:-
03.07.23 proactive investor
“Pitfield was and still is seen as a huge #copper prospect for Empire, so the titanium is just a bonus currently, though estimates currently are for it to rank among the largest in the world.
Planning is underway for a second titanium drilling campaign, while work on samples already and analysis on geophysical data will be released in the next few weeks.
EmpireMetals adds that only 2% of the giant mineral system identified has been drilled to date.
Shares rose 0.25p to 1.85p.”
26.10.23 proactive investor
“Two-thirds into its six-week drilling programme, Bunn said Empire is encouraged by findings from the drilling activities. The updates indicate potential extensions from their initial #titanium discovery, with some diamond holes reaching depths of over 400 meters.
Two drilled holes, situated 30 kilometres apart, have demonstrated titanium mineralization. This acts as a precursor to the company's confidence in the same mineral presence for a forthcoming third hole, located centrally within a vast anomaly.”
19.12.23 proactive
Empire Metals Ltd has identified more shallow-level titanium from the first five assays received from a four-hole reverse circulation (RC) drill programme at Pitfield in Western Australia.
A new shallow zone of bedded higher-grade TiO2 mineralisation was identified from the assays, in addition to extending the overall broad footprint of significant TiO2 mineralisation already discovered.
Empire said the best result for the assays is an interval of 154 metres at 5.51% TiO2 from the surface.
More good results are expected from the remaining assays, Empire added. At the same time, a consultant has been appointed to carry out an Electron Probe Microanalysis on RC drill hole rock chip samples.
This will help identify the mineral assemblage within the rocks.
Shaun Bunn, Empire’s managing director, said: "These exceptional drill results provide further evidence of the massive 40km long surface footprint of bedded...“
05.02.24 proactive
“Set to begin in February, the drilling programme involves 40 reverse circulation drill holes and four diamond core drill holes, specifically targeting two high-grade titanium-mineralised zones.
One of the key objectives of this drill programme is to increase the drill hole density at the two known areas of interest to support further resource evaluation work.
Both of these targets have confirmed thick, high-grade, near-surface, bedded TiO2 mineralisation, each with an approximate seven-kilometre strike extent.“
05.03.24 proactive
Managing director Shaun Bunn told investors that the findings demonstrate “the extraordinary mineralogical nature of the giant, titanium-rich mineral system”, and, also, “unique favourable metallurgical characteristics”.
The studies identified titanite, a calcium titanium silicate, as the most abundant Ti-bearing mineral, making up approximately
I was pulling you leg and having a giggle based on the amount of posting and arguments you’ve had on here.
Seriously stop with the “I’m 6ft 4 and I train” malarkey it’s embarrassing.
I’m 6ft 2 and an out of shape prop…. What you want a c*ck off?
How bigs your dad?….. honestly reign it in.
Just as an aside note I’d seriously suggest you think twice about shorting, you’ve wrote previously you want to build a pile up and then pack in. You can make incredible amounts shorting but you can also lose incredible amounts too… more than the “value” of the stock amount you short. You’ve got three kids and so naively shorting (because the platforms are easy to download and use) I’d seriously recommend against.
Beware of any other advice. Don’t be encouraged into shorting
Couldn’t agree more with this.
As I’ve said all along with regards SB put aside his lack of sales patter and look at how excited he’s getting.
It seems very much so but will this processing plant onsite be the very first of its kind due to high the concentrations and the type of sediment that it’s in?
Spare a minutes silence, somewhere, somewhere sunny is an angry still pale but reddening man harassing the hotel staff about the bad WiFi and the fact he can’t post his ramblings on his favourite BB.
"It's like looking for a needle in a haystack"
-theres 40,000 needles in this haystack so you'll find a good amount of them quickly and it won't require much effort. Best anaology I could think of.
Another thing,
Dig 2 ft to get to a shiny coin,you would have it out in minutes.
This site, if its as good as Shaun says it is, has shiny pennie's an inch below the surface, every inch of the 2ft in loose sand and for miles around.
There's a few variables at play here which, if they're proven to be correct and sured up, could make this an unbelievable find.
It might not neccesarily be the biggest but, off what SB is saying, its looking like its going to be the easiest and most effficient mine on the planet.
He might be blowing a load of hot air, bare face lying and hiding other results but if he's telling the truth and he knows his onions having been a "mineral scientist" for 35+ years we're onto something.
I've said it before and I'll say it again this SB's business accumen, route to market, sales technique can all be questioned HE DOESNT COME ACROSS AS A SALESMAN not at all, but hes excited at what he's found and if its as big as he says it is, it'll sell itself.
Like yourself I still work, I don't have a mountain of cash and I'm invested in a risky AIM company so know the feeling. I doubled my money in GGP, it went on and on and on and on and on from there I kicked myself.
Try and stop worrying at what you bought in at. If there's a tiny amount of you that thinks this could 2x or 10x from here then either way you'll be, from a percentage point of view, well up from here.
Currently I have a buy order on at 8.17 to buy some more shares as I think it may dip again, if it does my shareholding will be significantly down but quite simply I don't care as I think this could bag and bag from here in my unprofessional opinion.
If its bothering you too much like it is if it gets above your average I'd suggest you downsize your shareholding but just don't get angry at me if it goes on to bag and bag with half your holding.
All the best
Is share investing really for you pal? It shouldn't be so emotional and personal and this bulletin board should be used only as a reference for links to useful information or pointers to things in RNS' which you may have been missed.
Firstly the present/past what did you want? The bloke gave answers which basically said "yes but we're looking at 1-2 years away as opposed to anything sooner but this is an outrageously good find nonetheless"
Secondly, and this is the most important, what do you want? SB to fob off? Does he not sell the dream enough? Wowza so lets sell, lets belittle the man and get someone flash in. The SP will DOUBLE wowza, whoopdeedoo the find of a generation and it doubles quickly and unfortunately then gets bought up, we all sit here and ponder what it would have been like if we held out if this was played out more slowly. In the meantime the new huge major brags in their next RNS how much of a cash cow they've got and how little they paid.
Slow and Steady just settle yourselves.
i think everyone is expecting a gift of the gab sales person, a man who could sell sand to the arabs and talk your own mrs into bed.
how i expected this meeting to go; sb will be typically honest, he won't tell everyone we're planning on everything set up and ready to go because that would be lies and he's honest and as quote the website states "is a metallurgist based in perth, western australia , with over 35 years’ experience in exploration, mining, processing and project development".
from wikipedia
"metallurgy encompasses both the science and the technology of metals, including the production of metals and the engineering of metal components used in products for both consumers and manufacturers. metallurgy is distinct from the craft of metalworking. metalworking relies on metallurgy in a similar manner to how medicine relies on medical science for technical advancement. a specialist practitioner of metallurgy is known as a metallurgist."
the bloke is a nerd, a lovely honest nerd and i quite like him because of it, what you're getting is the honest truth, not just an excited salesman who's after selling his company off after a surge on a whim.
let the share price drop if he didn't have your nipples stand on end, so be it i'm happy for the sp to drop and buy more just because people weren't told (dr evilesque voice) "there's millions, billions maybe even gazillions"
he isn't going to turn up in his s****y 7000
https://pubs.usgs.gov/pp/1802/t/pp1802t.pdf - report carried out by the united state geological survey
page 13 table 1 - there are only 4 places of around 20 places in the world which are of serious economic importance when it comes to titanium. two of the four are norway and australia. the other two are sierra leone and south africa, make your own minds up which are the most stable.
page 16
"the worldwide distribution of titanium deposits is shown in figure t3. the economic value and mining potential of a
titanium deposit is highly dependent on its mineralogy rather than its overall titanium content. although there are very large global resources of ilmenite and rutile combined, there is a worldwide lack of high-grade, high-quality ilmenite deposits as well as of high-quality rutile deposits (korneliussen and others, 2000a). mineral assemblage, grain size, morphology, texture, and type and quantity of included trace elements all contribute to the economic potential of a deposit."
"complications for exploitation of eclogite include highly variable rutileconcentrations and grain sizes, retrograde alteration of high-grade metamorphic rutile back to ilmenite or titanite,and the possible presence of impurities, such as calcium, magnesium, iron, and aluminum in trace silicates in rutile concentrates (korneliussen and others, 2000b). for example, in northern italy, the piampaludo eclogite has high tio2 content (about 6 weight percent), but during later metamorphism, some rutile was replaced by secondary ilmenite and titanite (liou and others, 1998), making this resource less economically attractive. the only currently active rutile mines in metamorphic rocks are the daixian rutile deposits in east-central china, which consist of lenses and layers of rutile-bearing high-grade metamorphic rocks that average about 2 weight percent tio2"
china, lovely country to deal with. remember the percentages that sb were giving? 67% and thats immediate within the first meter and it was packed every meter thereafter, every hole they drilled and best about it, its soft rock too.
https://www.statista.com/statistics/759972/mine-production-titanium-minerals-worldwide-by-country/
https://www.globalminingreview.com/mining/11072023/ilmenite-confirmed-as-key-titanium-mineral-at-empire-metals-pitfield-project/#:~:text=empire%20metals%20has%20announced%20the,economic%20titanium%2diron%20oxide%20mineral.
https://*********************/newsfeed/article/empire-metals-ltd-ilmenite-confirmed-as-key-titanium-mineral-1932819
"most importantly, only minor magnetite (fe3o4) was identified within the samples. there is evidence of some trace amounts of titanomagnetite, but the vast majority of the iron oxide and iron-titanium oxide minerals are hematite and ilmenite respectively. "
i've invested more as the sp has dropped, i'm seeing this investment as of course a risky one but the upside could be akin to ggp / eua