EEE Pitfield,W.Oz :Titanium8 Jun 2023 18:51
CEO @ Crux Investors Interview, post EEE RNS, 30 May 2023 [Maiden Drill, 21 holes] :
"RADIUS OF BUYERS - G A M E C H A N G E R."
"High Grade Titanium : DISCOVERY OF SCALE."
"Now, doing diagnostic work -Titanium TIED UP WITH ?"
"Strong Demand [Titanium] & Pentagon chasing titanium."
"25% of holes ended in titanium."
"Copper, awfully lots, Enormous. Escondida, Olympic Dam."
Strike of Pitfield : 40 KX X 10KM.
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Online: "Does titanium contain OTHER metals?
"Typically contains traces of aluminium,
VANADIUM,
Nobium,
Tantulum,
Zircomium,
Mangenese,
Iron,
Chromium,
COBALT,
N I C K E L & COPPER.
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From recall, Pitfield also had iron, SILVER, NICKEL,VANADIUM .
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WESTERN AUSTRALIA
1]Neometals has a titanium deposit with Chinese Off-taker & potential JV.
2] WA1 has just discovered extensions to their high grade NOBIUM which has titanium.
NORTHERN TERRITORY
TNG has had $140m funding offered to them. Also, Titanium project.
JULIMAR-Western Australia
Pitfield, EEE is located NORTH of Julimar, a PGE discovery with NICKEL, COPPER but from recall, the add-on credits takes it to some 0.5% Ni Eq [Please check as my internet has gone off so cant check at the momo except type and wait for it to come on]. Copper is 0.1% from recall. But what it has is STRIKE of some 26-27 KM of it.
So, CEO of EEE wants to see what is "UNDERNEATH" which is interesting.
So, [1] After DIAGNOSTIC work on the titanium high grade find, HOW MUCH IN % GRADE are the other metals?
[2] CEO mentioned to Crux, that raise was in Mar/Apr and that there is "CASH IN THE CAN " for 2 more drills.
£1.25m raised [Mar /Apr 2023 was A$2.2m [£1.25m] and the DRILL COST A$500,000 or £300k, so A$2.2m minus A$500,000 means left over?].
[3] 25% of holes [20/21] ended in titanium, so IT GOES DEEPER?
[4] In another interview, CEO of EEE said that large anomaly could TURN UP "SURPRISES".
So, what is the surprise metal?
Julimar is owned by Chalice Mining, a hot Aussie stock going by the mkt cap of some A$2.7bn.
Neometals is not as high in terms of mkt cap but still triple digit A$. WA1 is listed at some A$345m.
This appears to show mid-cap.
But Chalice appears to be the type of Tier 1 junior mkt caps for the discovery.
So, time will tell for EEE as we find out - CEO said lots of news per the interviews.
DYOR. Thur, 8 June 2023.
1.90/1/95p p, Mkt Cap, from recall, a bit over £12m.