RE: Results6 Jun 2025 10:43
Btw - I am not trading the stock
My point is not the number of losers, as being an exploration company and drilling more and more all the time, one expects the losses to rise.
But no comment at all on the RNS of the losses, and only able to find out by looking at the company website.
But positive all the way on the RNS....
Highlights
· Pitfield Project confirmed as the largest titanium discovery globally: JORC Exploration Target* of 26.4-32.2 billion tonnes at 4.5-5.5% TiO₂.
· Heightened focus on strategic significance of titanium: demand for titanium is accelerating globally due to its critical role in aerospace, defence, and pigment markets.
· Breakthrough Discovery in 2024: Identification of near-surface saprolite zones rich in high-grade anatase and rutile (>95% TiO₂) offers the potential for a fast-tracked, high-margin development phase.
· Strong Metallurgical Results: Early testwork yielded a 91.7% TiO₂ product using conventional methods-indicating low-impact, high-purity feedstock potential without smelting.
· Strengthened Technical Team and Board: New hires across process, environmental, and commercial functions, plus titanium industry experts, are accelerating development progress.
· Strong Cash Position: Cash balance of £7 million as of 30 May 2025 supports ongoing ambitious development plans throughout 2025.
· Clear Near-Term Milestones: Upcoming objectives include delivering a maiden MRE, finalising process design and advancing mine studies as Pitfield moves towards commercialisation.... more