RE: RNS14 Oct 2025 07:10
Wow …..
Highlights
· 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
· Multi-generational mine life: the Thomas and Cosgrove deposits that contain the MRE extend over 39km2 and 20km2 respectively, however they represent less than 20% of the known mineralised surface area. The underlying geophysical anomaly extends for kilometres below the extent of the current depth of drilling.
· High-grade, high-purity titanium mineralisation: occurs from surface, showing exceptional grade continuity along strike and down dip.
· Rapid Product Development Success: Conventional processing has already produced a high-purity product grading 99.25% TiO2 with negligible impurities, suitable for titanium sponge metal or pigment production.
· Friable, in-situ weathered zone: contains naturally forming TiO2 minerals, anatase and rutile, suitable for low-cost strip mining, with no overburden, no inter-burden, and no blasting required.