We would love to hear your thoughts about our site and services, please take our survey here.
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
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."
Tweet out 26 mins ago:
https://twitter.com/Empiremetalsltd/status/1741374700545073297
I would kindly suggest:
Have a 15-30 min moment for yourself, sit down in a quiet place, take pen and paper and consider the following:
- Look at Pitfield results so far and review the enourmous size of the titanium discovery also acknowledged by others. Every hole is fully packed with good grades of 5-6% TiO2 titanium oxide until depth. Meaning: The TiO2 discovery runs even deeper!
- Huge shallow deposits so relatively cheap to mine - very important! Majors love this kind of scale and shallow setting, so less CAPEX required i.e. easier to justify the proposed economic business model
- Compare EEE's mc with market cap of competitors, whereas most of them don't seem to even match by far the vast titanium deposit recently discovered in Pitfield. It's an absolute MONSTER!!!
- Compare Australia as safe mining jurisdiction especially compared to some other continents combined with a current positive mining climate, plenty of mining ongoing down under
- Consider Empire's other projects i.e. Gindalbie, Stavely, Walton, etc. It has a number of projects running across Australia.
- Global TiO2 demand forecast substantially increasing over next 10 years
etc etc
All for current £50+ MM market cap
DYOR
It wouldn't surprise me if the Australian government will soon take action and consider ringfencing Pitfield and mark it as Tier 1 project of National signifance as one of the top national mining flagships also potentially being the largest Titanium deposit ever foud in the world.
Another great RNS today!
.
Some key words/sentences I came across in the RNS:
"exceptional drill results"
"massive 40km long surface footprint"
"The engagement of leading scientists from both the CSIRO and AXT represents yet another significant milestone in the technical development and understanding of this globally significant titanium discovery."
"abundance of thick, strongly mineralised beds that come to surface"
"Mineralogical studies have now commenced with the Company engaging both the CSIRO and AXT, to carry out a detailed studies of rock chip samples collected from drilling."
"CSIRO's primary functions under the Act are to carry out scientific research to benefit Australian industry and the community, and to contribute to the achievement of national objectives."
"a third RC drill programme is scheduled to start in February 2024, consisting of an additional 40 drillholes for approximately 6,000m"
"accelerate the development of the Pitfield Project"
Looks like there will be a lot of news flow first half of 2024!