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“The timing could not be better, having recently announced that we are commencing resource drilling at Pitfield to delineate high-grade, shallow zones of titanium mineralisation, and to provide key samples for mineralogical and metallurgical characterization.”
Puzzle pieces!
*Saudi Construction Investor
*BHP / RIO / Lundin Ex-employees & Execs!
*Funded well into next year
*Top Class CEO & all metrics
*Location is A1
*Resource Scale off the charts
*Grades in excess of what peers have made commercially viable
*Potential for multi-commodity find (likely / probable)
*Infrastructure in place
*Govt funding / involvement
*Pro-Mining government (likely to continue due to GDP reliance)
* AIM cycle for commodities at base point
*All share Index expecting reverse after 2 year consecutive losses (1st time ever)
SB has told us everything he can possibly tell us. The puzzle is almost complete & I’m certainly going to be here when the final piece is slotted home.
ML
2/2
The more I read this, the more exciting the potential is!
Empire Metals appoints BHP veteran as process development manager
Empire Metals announced the appointment of Narelle Marriott as its process development manager on Tuesday, effective from 11 March.
The AIM-traded firm said Marriott would bring a wealth of experience to her new role, having previously served as a metallurgist at BHP, where she managed various aspects of process flowsheet development for over 20 years, covering commodities such as nickel, uranium, iron ore, and rare earths.
In her capacity as process development manager, Marriott would lead a small team of metallurgists and process design engineers.
Empire said her primary responsibility would be overseeing the design and execution of mineralogical studies and metallurgical test work.
She would also be instrumental in developing an economically viable metallurgical processing flowsheet for mineral beneficiation, titanium extraction, and product development within the Pitfield Titanium Project.
Additionally, the board said Marriott's leadership would be crucial in advancing the current process development studies towards the construction and successful operation of a demonstration process-product plant for Pitfield.
Her role would add depth to Empire Metals’ technical leadership team, led by managing director Shaun Bunn, and complemented by exploration manager Andrew Faragher, formerly one of Rio Tinto's chief geologists.
Empire Metals said it had also reinforced its technical expertise with the addition of two senior titanium industry consultants, Dr Trevor Nicholson and Eugene Dardengo. Together, they would bring more than 72 years of collective experience in the titanium processing and extraction industry.
“I am delighted to announce the appointment of Ms Marriott, who brings with her a wealth of experience and who will be a great addition to our growing project development team,” said managing director Shaun Bunn. “Building our in-house technical expertise and investing in the right talent is key as we look to accelerate the economic assessment and development of the Pitfield Titanium Project.
“I am also extremely pleased that Dr Trevor Nicholson and Mr Eugene Dardengo, two highly regarded titanium industry technical specialists will be joining the team as consultants.”
Bunn added that Marriott's appointment as process development manager was a “key milestone” for the company, and would bolster the project team's processing and project development capabilities.
“This appointment, along with the appointment of the two senior titanium industry technical consultants, ensures we have the expertise required to successfully develop and execute our project development plans.
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Shaun’s choice of words are telling for me!
No matter what he can & can’t say, key words riddled throughout that interview point to him having far more knowledge on the topic than is public.
This is only a matter of time & I can see he cannot wait to confirm publicly what he fully believes privately.
Roll on the acceleration! - we’re not explorers anymore :-)
ML
Good morning Ageos,
Many thanks for taking the time to post. It’s good to hear from you & even better to see that you have presented a similar conclusion (albeit far more detailed & well laid out) to the post I did on the 27th January Re; Sheffield Resources project similarities (This thread continued for that reason). Looking forward to hearing from you as soon as the next phase completes & all the pieces can be connected accordingly.
The orchestration of SP over the last while has been evident & it’s VERY clear who is involved, especially when they can’t help themselves from having to change tone now that they have a stake in Empire & want it to head north.
From constant negative posts to now pushing the other way (with nothing different when they had constant questioning - only the share price), people should tread carefully in who they listen to. I’ll leave it at that but most, if not all know who to look out for on this forum.
I’m taking a backseat now & will only comment when news is out. I feel offering anything outside of those periods creates opportunity for those with less than admirable qualities to create waves of doubt amongst investors. Unfortunately with the success Empire have experienced over the last year, the board has attracted some very questionable characters.
I’ll be buying and building during this self-imposed hiatus and I can assure every person that I won’t be selling a thing NO MATTER WHAT CERTAIN CLOWNS IN THIS BOARD SAY!
I have a call planned with SB in the coming week & no doubt in my mind that the direction he is taking us is the direction of success.
Chat soon all (Next RNS)
ML
Since the 8th February 2022 we’re up 956%.
I remember nobody wanted to buy & trades were less than 5 per day (sometimes no trades).
My lowest buy was 1.08p (1 million shares) & the thoughts of 10p let alone 14p seemed an impossibility to most. I was happy buying then so understandably I’m still happy to buy now. I’m treating the 10p zone like that 1p zone back then & it can be done. In fact it’s even more likely given the company fundamentals are monumentally stronger than back then.
SB came onboard and from day 1 has been fully focussed on doing the right things, at the right time, with the right people. He wasn’t concerned about the share price movements or what any investor wanted in the next 3 months.
From speaking to him, he doesn’t feel that all investors fully understand that the only way to achieve maximum reward is to follow the steps one by one (sometimes taking 3 steps back to go 5 forward), methodically plan & execute on stated deadlines.
He hasn’t missed a single beat since taking over & I’m fully confident that all the news we have to date coupled with the additions in staff mean we have a significant likelihood of being at least another 956% up at some point in 2025.
If some want to trade this great, if some think selling at 14p was clever then great, if some bought back in and want to sell at 12p great, we all have our own plans but if what I believe will happen, happens, then with compounding this company could easily do 10,000% in the next 18 months (taking 8th Feb 2022 as base point)
10,000% in 3.5 years! Imagine that.
There isn’t a share on AIM that offers an opportunity like this IMHO & I am unbelievably excited about the prospect of SB leading us to production of first titanium product, whilst doing so he is only racking up the digits required from a Tier 1 company to take us out.
I’m not about to start doubting him now. He has my full support with every decision going forward.
DYOR and all in my opinion only!
ML
Dusty, i misread your last post.
Sorry you said the fundamentals and news pointed to a positive but the SP went a negative, well yes but on AIM you’ll find it’s FULL OF GAMBLERS who put a bet on something and want to collect on the result within days.
The key here is taking a position in a solid company which you believe will far surpass a few pence here & there over time.
I hear you though!
ML
Apologies you’ve lost me - Oxford Biodynamics? Never heard of them.
Where have you seen the narrative change or mood go sour? The company is communicating regularly & the fundamentals are improving by the month. I honestly have no idea what you mean by that sorry.
If you mean the narrative of traders then I’m sorry I can’t help you with that.
You also speak of “another letdown”, are we talking about the same company here?
I’d also like to make it very clear that it is ONLY YOU who presses the buy or sell button and I would suggest everyone (including myself) take note of that. The ups & downs & whether you win or lose in the markets are totally up to you & fully in your control.
I tell everyone not to listen to a word that gets said on this boards (including my opinion which for all you know I could be shorting the stock and selling out) so I have absolutely no worries about needing to apologise to anyone for their losses, not take any credit for their wins.
Your opinion, whilst I might not necessarily agree with everything you say, is as valuable a contribution as mine or the next poster.
I wish you well in all your decisions.
ML
With respect Dusty, I don't agree with the smart money doesn't buy until it's time to buy.
I bought loads at 4p, 3p, 2p, and when it was at 1p people tried to tell me the same thing. I'm up half a million here based on buying with fundamentals on my mind, not buying to time spivs entering and trying to secure a 10-20% uplift and running off elsewhere only to leave most of the traders with a few pound taking spreads into account.
A certain mindset appears to be dictated by intra-day movements which are only a point in time and that's not investing. The smart money is money that appreciates over time, sometimes months but mostly years.
If the SP for example goes to 50p over time (silly example but nonetheless) would you consider the same person who sells up today at 9.5p smart? I wouldn't.
If people think the smart money sells at the highs and buys at the lows over & over & over, and rides back all the way to 50p (for example) let me tell you that if anyone purports to be that person, they are a liar. I have about 10 relatively close contacts who invest, trade and play the markets in some form or other and they are some clever guys, they will all tell you that jumping from share to share chasing short-term rainbows is a recipe for disaster and never ends up going well. Throw AIM into the mix and its a full on guarantee to be wiped out over time.
I'm not here to convince anyone so I won't keep going on about it. I've stated my position and only in time can I confirm whether my position was right or wrong. In the meantime I'll accumulate and we all take our chances.
GL with whatever you decide to do.
ML
I just spent 20 minutes typing out a full review of interview & my thoughts but got “oops something went wrong” when I posted.
I can’t do it all over again but in far less detail;
1) I’m going to continue to buy as many as I can throughout 2024
2) SB as a CEO is everything you look for as an investor
3) The expertise appointed & govt. supports incoming are a hugely positive indicator.
4) SB is going this alone & does not see the point in limiting shareholders maximum return
5) What we have here is unparalleled and not mineral sands $300, not hard igneous type requiring smelter but a very very simple pathway to a high grade titanium oxide product.
6) Neil O’Brien (non-exec director) is excited and engaged & if he’s excited, so should we be.
7) Everything you buy in 2024 (whatever price) will be worth far in excess down the road. As Warren Buffet says, when a company’s fundamentals go up, but the SP goes down, he’s delighted to see it & buys more.
8) Don’t treat this company like a typical AIM company because it’s not going to behave like one. It’s the single best opportunity you’ll ever find to see a Mcap go from single digit millions to single digit billions (in time).
ML
Agreed Andii,
The scoping study is a very good document to gather info & extrapolate in an Empire methodology.
The good news is that the man who created this is now involved with Empire. A solid appointment for sure.
Just going to start Crux Interview now.
ML
Done some intensive research on our latest recruits & have to say I’m very encouraged for a number of reasons.
Ms Marriott - good track record & highly experienced (Video shared on EEE Telegram group show you who she is)
Mr.Dardengo - fabulous appointment & I’ll tell you why this is important. He’s the numbers man & he has extensive experience putting together Scoping Studies & valuations. SB is in full flow to generate the 💰 calculations. He recently completed this for Iperion (IPX NASDAQ) who are fully focused on Titanium in Tennessee 🇺🇸 (link below)
Mr.Nicolson - again, a scholar from the mining & mechanical engineering with over 42 peer reviewed and published reports, thesis & cited across multiple industries being heavily involved with ilmenite & CSIRO test equipment.
The board are playing a blinder here & I can tell you now, I won’t be putting any bulletin board randomers opinion or thoughts ahead of anything SB & his team communicate via RNS.
This is a phenomenal opportunity for all involved now & it’s time to sit back, relax & let the professionals do what they do best!
https://minedocs.com/22/Titan-PEA-6292022.pdf
ML
The fact an Ex Rio geologist & Ex BHP metallurgist, 2 leading titanium experts & Ex Lundin board members are involved now tells you all you need to know.
I’ve said it before, the Intra-day movements & the associated trolls that they attract should be ignored. Yes, a 5% down day means that they were right to sell the day before as it’s a particular moment in time but this is not a race, it’s a destination & if you can just relax, you’ll get there and every single day that a troll was right won’t mean a thing as that one day you have many multiples from here will cover their gains 10 fold.
This is such an exciting story & when the penny really drops, the pounds will follow. Do not treat this company like a typical AIM share because it’s certainly not one.
Crux interview incoming!
ML
“Giant metal-rich mineral systems like Pitfield are inherently target-rich. Whilst exploration results to date indicate there are many high-grade bedded zones of mineralisation across the property, including at the Mt Scratch discovery area, the Company views that the best route to create shareholder value at Pitfield is to now focus on two of these higher-grade zones to accelerate the project work towards initial mine development. Exploration of other target areas will continue but the focus now is clearly on the necessary studies and test work that can demonstrate the economic process-product route and consequently the value of this globally significant project”
The Saudi £3m investor will have been briefed on all of this prior to getting involved.
“Empire has received approval for exploration funding from the Westen Australian Government's Exploration Incentive Scheme (EIS), initially up to a value of A$110,000. This grant relates to the upcoming drillhole programme and is seen as extremely positive recognition from the Western Australian Government and the Department of Mines, Industrial Regulation and Safety (DMIRS) which administers the grants. The grant will partially cover the cost of drilling the four Diamond Core drillholes, currently planned as part of this programme, and the Company intends to reapply for additional funding under the EIS which is awarded on a six monthly cycle.
The EIS is a Western Australian State Government initiative that aims to encourage exploration in Western Australia, for the long-term sustainability of the State's resource sector and the demand for critical minerals on the transition to net-zero. Funding for Empire came through the EIS Co-funded Drilling Programme. This part of the EIS programme directly supports explorers in Western Australia though a competitive programme which offers co-funding to innovative exploration drilling projects.
As part of the economic assessment of the Project, the Company has started engaging with various level of government. There are several government grants and financial assistance packages available from various government departments and agencies in Australia and the EIS recognition as well as ongoing exploration and development activities will assist with efforts to gain access to further funding at both the exploration and project development”
The is a monumentally significant developmental milestone for Empire.
ML
The CSIRO is an arm of the Australian government & has traditionally been the highest trusted organisation conducting scientific research & development across multiple industries in Oz.
They don’t & wouldn’t get involved with cowboys!
Home sourced & produced Titanium is a key focus along with creating & developing sustainable mining technologies and innovations having the ultimate goal of unlocking mineral wealth across a range of commodities.
There’s more to come here!
ML
Exactly Wolverine!
Keep things simple is the best course of action now.
Read between the lines, the people who know the most about this company are the big buyers at 10p+. SB’s track record is superbly honest & incredibly patient when planning his development strategy. No short term BS, just solid progress.
If he, the BoD & a well respected, long-standing Saudi construction family are ploughing money into Empire you can be 100% certain the BoD are telling us this company WILL NOT be £65m Mcap for much longer.
Red day / blue day matters little - I couldn’t be happier or more relaxed with this investment that I continue to build on also.
ML
Hi Oldslow,
I appreciate the comment and this is a question we’d all like to know.
85% of the total market is the type we have (post below from July RNS)
China biggest player!
Could we & Australia overtake them because that’s what the CSIRO would be looking to help achieve. The world would certainly be looking to buy material from shall we say slightly more “sustainable & politically friendly” locations.
The one thing I do know is that this company has a monumental opportunity to meet / exceed its targets & plans.
Yes I have 95% belief & 5% non-belief based on being in the markets long enough to know to expect the unexpected (2020 being an example) but the risk v reward ratio here based on everything we do know is stacked so heavily in our favour it’s worth any risk no matter how big or small.
All our investments are relative so your, mine or anyone’s view or thoughts on Empire should be considered equal in importance, & again that’s whether those opinions are negative, positive or neutral.
I think most can tell genuine contributors to this board and there are many but likewise, there are a very small minority who cannot help but to show themselves up as personal gain or bitter posters based on some unknown background reasons.
ATB
ML
35 years experience & expertise tells me the man knows what he has, a £3m investment from a clued up and savvy Saudi construction / businessman who would have been given every detail of information tells me the man knows what he has.
As I said, only time will tell.
ML
Morning Genghis,
Isn’t that the point?
I’m not here to answer any company questions. That’s for the CEO & RNS’s.
The question I have is a personal one of which could be answered immediately.
Why post constantly on a forum of a company you’re not invested in saying the same thing over & over & over again? If LH cared so much about those topics he would surely contact the company no?
My reference to Sheffield Resources (based off E43’s well spotted July RNS) was done so because it is important & is a comparison (indirect), so much so our board thought it pertinent to include it in that RNS.
May I remind everyone;
“Initial petrography work confirms the presence of ilmenite, a titanium-iron oxide mineral, which is highly valued as a source for titanium oxide ('TiO2') and which accounts for over 85% of the feedstock for the entire titanium industry.
The dominance of ilmenite and hematite within the samples studied, along with only the minor presence of magnetite, is considered highly beneficial from an economic perspective.
We have been able to demonstrate the scale of this mineral system and confirm that the host sedimentary rocks have been extensively replaced by titanium and iron minerals. This distinguishes Pitfield from the typical titanium deposits which are either much lower grade heavy mineral beach sand deposits or hard-rock igneous deposits which are difficult to beneficiate. (But yet they are doing so meaning it’s easier for us to do)
We believe Pitfield is truly unique in its scale and character, and I am confident that with further exploration success and studies we can demonstrate that this is a world leading discovery of titanium rich mineralisation which will have globally significant economic value.
Importantly from an economic perspective, the dominant iron and titanium oxide minerals, are hematite (Fe2O3) and ilmenite (FeTiO3), with lesser rutile and leucoxene, also titanium oxide minerals. 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. This has significant economic implications as titanomagnetite can be very difficult to process, unlike hemo-ilmenite which is currently processed by Rio Tinto at its 70-year-old RTIT Quebec Operations in Quebec, Canada
Given the HM deposit's close proximity there is considerable likelihood that the titanium bearing minerals, specifically the ilmenite and rutile, were sourced through westward erosion of the primary stratabound titanium deposit at Pitfield. Previous mineral assemblage work carried out initially by Iluka Resources and subsequently by Sheffield, identified high-quality ilmenite (>55% TiO2) and rutile (>95% TiO2) which augurs well for the quality of the titanium mineralisation at Pitfield”
35 years experience & expertise tel
Again LH,
Everything you have said over & over & over. Thanks for the queries - greatly appreciated.
Now seeing as you’re assisting everyone here why not answer what they all want answered.
Why are you here and why are you constantly suggesting the same thing when not invested?
You pose endless questions to the wrong people but fail constantly to answer ours. Until you have the courage or decency to answer these, I’ll bid you adieu.
ML