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Empire Appoints Former BHP Metallurgist as Process Development Manager

Appointment of Expert Titanium Industry Consultants Bolster Technical Advisory Committee

.

Crux interview next week?

Should see a bit of action here today

Taking a stake of £ 2.5-3.0 Million pounds in Empire / Pitfield is significant.

I guess the continuous 5-7% TiO2 grades over an enormous area until depth is really attractive to a lot of investors combined with potential for good infrastructure and safe mining jurisdiction Australia.

A lot of mining exploration companies have to do with a lot less to be honest.

I read somewhere Saudi strategic investor Fahad Al Tamimi has been involved for over 30 years in various major Middle East business projects of energy, infrastructure, mining and transportation. He is employing around 5,000 people throughout various companies and partnerships across the natural resources / oil and gas sector, mining, trading, shipping, port infrastructure, etc. At some point it was estimated his company provided even 60-70% of all engineering work for world's largest oil company Saudi Aramco.

Make no mistake: This is a major investor taking a 3 Million GBP strategic stake in Empire Metals - at least for now.

But who knows this is only the beginning of the journey and possibly more to follow soon.

I would not be surprised if throughout the course of this year also other major investing companies would want a stake of the pie.

Saudi's onboard

Big initial investment

More to follow - who knows

No doubt also on Rio Tinto's radar

Lot of press coverage soon

Following this purchase, Mr Shaun Bunn's total beneficial ownership in the Company is 2,211,111 Ordinary Shares representing 0.39% of the Company's issued share capital, Mr Gregory Kuenzel's total beneficial ownership in the Company is 3,858,578 Ordinary Shares representing 0.68% of the Company's issued share capital, and Mr Peter Damouni's total beneficial ownership in the Company is 1,309,614 Ordinary Shares representing 0.23% of the Company's issued share capital.

In total the three directors hold around 7.4 million shares

Another 350,000 shares off the table.

Three directors buying more skin in the game.

Another 350,000 shares off the tabe.

Well done.

The current global titanium market size is roughly USD 28 billion and is expected to have doubled by 2032, only 8 years from now. Who will be supplying this as the existing mines slowly will get depleted and you need massive deposits to replace them. Which of the global major players would like a stake in the global market share?

Every bit helps

https://www.reuters.com/markets/commodities/chinese-titanium-producers-expect-boost-new-iphone-2023-09-13/

What's that song called again?

"You ain't seen nothing yet"

Nice interview!

Thanks 4k

Https://twitter.com/Empiremetalsltd/status/1749335981835035106

"…this strategic partnership recognises the global significance of our Pitfield project and with the on-going support of TransOceanic Minerals and potential future partnerships in #SaudiArabia, #EEE will have the capacity to expand…”

MD Shaun Bunn

Looks like it's going to be a rather busy day over here!

Another great RNS this morning with plenty of news development to come in 2024 and beyond!

Highlights:

* Confirmation of thick 5-7% Titanium intervals being discovered - i.e. giant mineral system of global significance

* Strongly mineralised sandstone beds discovered at surface - 1.5km wide c/w strike extent of at least 6-7km

* £3 million capital reinforcement at premium

* Saudi investors coming onboard for the first time

* Accelerating economic mine development plan

* Planning for design phase with test plant in 2025

* Potential future partnerships in Saudi Arabia

-

DYOR

Empire confirming again this morning Pitfield is an ENORMOUS abundant rich shallow Titanium deposit:

o TiO2 mineralisation present in every metre, starting from or near surface, in all holes drilled;

o all drillholes ended in TiO2 mineralisation; and

o broad, higher-grade TiO2 mineralisation in the sandstone-rich beds, which consistently return higher-grade TiO2 mineralisation than the adjacent conglomerate or siltstone-rich beds.

"Our third RC drilling campaign is scheduled to start this quarter and we are extremely excited by the prospect of making further high-grade discoveries along the 40km by 8km giant mineral system as well as providing additional metallurgical samples of the already proven areas of near surface, higher-grade mineralisation, which we see as integral in supporting an economic mine development plan."

Good morning all,

Wow!

What a great news coming in on an early Monday morning!

Accumulated some more, let's see what the results will bring