Member Info for ogm4

Some bigger buys this morning

Blue day today

Https://www.mining.com/scientists-use-3d-printing-to-create-new-titanium-alloy/

Only a matter of time before the Chinese come knocking on Shaun's door I reccon.

It looks like the Titanium deposit in place is a Billion plus resource present as far as I can see.

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!

Pitfield could contain a lot more ore in situ, 300-400 Mtons at least.

280.1Mt at 9.18% TiO2 and 0.44% V2O5

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

Pitfield could potentially be way, way bigger than Tellnes with 300 million tonnes of ore. Also Tellnes already being mined since the 60's, not sure how much they have left.

Run up in anticipation of news next week I suspect

Note that the global titanium market is currently valued at US$ 28 billion and is expected to double within the next 10 years nearing US$ 60 billion.

This is only 2% discovered so far of the entire Pitfield license.

Pitfield has now proven to be a gamechanger for Empire with evidence of large mineralized enriched systems in situ containing titanium and copper.

And then there are the other prospects also.

Titanium Dioxide (TiO2) Market Anticipated to Grow Exponentially in the Near Future

05-24-2023 01:37 PM CET

https://www.openpr.com/news/3065375/titanium-dioxide-tio2-market-anticipated-to-grow

This will motor and motor and motor further upwards over the next couple of days and weeks.

Watch the big investors arrive soon.

This is a true monster being revealed bit by bit.

“…Based on the scale of this find, Pitfield has the potential to be one of the largest primary titanium sources discovered globally. Additional analysis is underway as we work to understand the magnitude and potential…”

#EEE MD Shaun Bunn

I just got off the plane this morning from a long international flight and just read the 7am RNS.

WOW!!!!...............

What a superb news to start the day!!!!........

Absolute MONSTER in the make here.

Looks like the Copper giant has become a Titanium giant!...

Very, very interesting news seen the large scale of the project.

Well done to Shaun and his entire team!

If indeed true, it would be interesting to know why he would come all the way down to London for.

Maybe there is news to be announced, who knows...

I take it the 2x £48k trades from yesterday were rollovers?