The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Https://www.pharmatimes.com/news/genedrive_awarded_test_kit_grant_1493426
IperionX Shares Double After Titanium Deal With Ford
Published: June 13, 2023 at 10:15 a.m. ET
By Chris Wack
https://www.marketwatch.com/story/iperionx-shares-double-after-titanium-deal-with-ford-c4123ca4
https://www.dhakatribune.com/financial-markets/2023/06/14/iperionx-up-100-on-ford-titanium-deal---yes-this-could-work
Shaun mentioned in one of the recent interviews he was going to stay in London for a few weeks. Would be interesting to know to which parties he is speaking to.
There is at least 300-400 Mtons of titanium rich ore he can bring to the table. And that's only Pitfield North Mount Scratch area!
So far the company has been pretty informative with timely RNS's being announced. I indeed expect them to communicate soon on the way forward. Then again Shaun already sort of explained in the recent Crux interview what some of the next steps will be, i.e. Pitfield ground works, in auger sampling, preparing the next drilling program and get the rigs back onsite over the next few months.
I also expect further detailed news about the composition of the massive Titanium deposit and what this giant discovery means for the company, JORC to follow.
Meanwhile there might be also news on any of the other prospects.
Https://www.mining.com/scientists-use-3d-printing-to-create-new-titanium-alloy/
Interesting read on lithium titanate (LTO) batteries for electrical vehicles, which also use TiO2 as base material during the manufacturing process.
https://www.automotiveworld.com/articles/lithium-titanate-could-prove-the-new-driver-of-micromobility/
https://www.pv-magazine-india.com/2022/10/11/toshiba-to-supply-lto-battery-cells-for-evage-commercial-vans/
https://www.thebuzzevnews.com/electrode-ev-solid-state-batteries/
Have a look at TNG limited:......
https://www.tngltd.com.au/project/mount-peake-v-ti-fe/overview/
JORC Measured, Indicated and Inferred Resource totalling 160Mt, grading 0.28% V205, 5.3% TiO2 and 23% Fe
Same grade as Pitfield MtScratch and economic!
Thanks news for the information, it sort of shows the shear magnitude we're dealing with at Pitfield Mt Scratch area.
We can also expect Titanium to become a more and more expensive global commodity due to increasing worldwide demand what was it again 60 USD Billion industry in 10 years time?
Although Iperionx Titan's grades are higher, it has to be said they only produce from the McNairy sands which are max 300ft/90m thick. To be even more specific, as I understood Iperionx Titan project only produces mainly from the lower member of the McNairy sands, which is only around 100ft/30m thick on average, which is a lot less than the average mineralized zone in Pitfield Mt Scratch. Furthermore their graded resource was based on only 3.6% heavy mineral sands (HMS) as stated by one of the reports. So indeed high grades are fundamental to have, but of course also total volume is a big factor.
So in terms of payzone volume the Pitfield MtScratch titanium discovery could be still on the same scale as Iperion's Titan project or even somewhat bigger as it remains open along strike.
Exciting times ahead as only the North specific MtScratch area has been explored plus only another 3x holes drilled in the middle/south spaced evenly at 10km width, meaning the central and southern parts of Pitfield have been hardly explored yet! So only 2% of total license area explored by now (shallow drills only so far), still 98% to discover.
This morning I had a quick look at another recent Titanium find, run by a company called IperionX.
I have done a quick rough calculation regarding tonnage and came to the conclusion that Empire's Titanium find in Pitfield North in terms of Titanium tonnage in situ potentially could be (at least) over twice as big as Iperionx's. Also taking into account the statement in the latest presentation that the extensive Mt Scratch anomaly "remains open along strike to NW and SE".
Project economics are obviously somewhat different, as multiple factors come into play and also they found some other rare earth minerals and zircon. Nevertheless it gives a good first basic impression of what sort of project magnitude we are actually looking at.
Their average annual EBITDA is around US$117 million for a LOM of 25 years.
https://iperionx.com/wp-content/uploads/2022/07/Scoping-Study-June-30.pdf