Member Info for restingpilgrim

I also believe the team we have assembled over the last year or so shows the intent of Shaun Bunn and the board to not just be a miner of ore but to produce a final product that can then just be moved to finishers anywhere in the world as the infrastructure is all nearby to enable that. It means that the costs of producing a final product should be reduced and also it is a product with a reduced carbon footprint making it highly desirable in the current trading environments. It should also be said we can produce a by-product that should be in demand and mean very little of the ore that is mined will be worthless and will have a commercial value to offset the mining costs.

All in all it should lead to a highly profitable operation providing things keep advancing as we hope, We have come a long way in a very short time in mining terms and hopefully these appointments ensure that carries on.

I have said it before but the company seems to work on advancing more than one area at a time. As you say Manlord these appointments seem to point at them planning production techniques before they even have the MRE published.

When the testing was reported on the 13th Feb RNS recovery rates were reported for both methods . Gravity was reported as I said at 60-80% and flotation at 78%.

I see MasterRSI charts are working on the price again !

We are also currently processing the ore from the earlier drill holes into a finished product. I believe they started with around 70 tonne of drilled ore so when we get to hear how much finished product they have produced for sending to potential end users we will get an indication of the amount percent age recovered. Again it is still very early days and I would expect the recovery rates to be improved on

With regards the size of the particle is you look at the flow sheet it shows after the desliming it is split into two pathways for over and under 38 microns, it also looks like there is no grinding needed as you say Kongolasse they are just using the natural formed particle starting with scrubbing. The different sizes are processed either by Froth flotation or by Gravity separation before being put into the acid leach

The February RNS also states that the gravity technique recovered between 60 and 80 per cent of Ti bearing minerals. This is early days and in a similar way they improved the 91 per cent to 99 per cent I would expect they would improve the amount of titanium bearing product from the ore.

Crazy thing is if we start at say 5% and then only extract say 80 per cent we would be throwing away as much as most of the mineral sands projects start with!

As I said before go back through the RNS and watch the interviews and presentations there is an awful lot of information there

DYOR

I would also add he says why are they only looking at the weathered cap but Ageos and Manlord have done detailed posts on this. The weathered cap at Thomas will likely be around 1.35 billion tonnes which Ageos said was likely to be able to become a measured MRE. They also drilled several holes down to 94 meters which will likely be to increase the MRE with a lower category for example. I also assume this is being done so that funding can be acquired to move the project along.

If you go back to when the magnetic anomaly was first being lined up for drilling they thought it was copper they were going to find as I said a;ll the old interviews are still on youtube and I have seen some of these even though I have only been here for around 18 months

I just read it as well and he refers to hard rock which our ore is not. Shaun has discussed this in interviews where he states that the people were saying he could not make product from Anatase and he also said that this was because studies were based on anatase found in hard rock formations which made them unviable.

What many of these people will also come back ab out is how relatively easy this stuff can be mined and processed thus not only making it a huge find but also a very profitable one. Just go and look at the presentation page I posted yesterday. I understand we can all be over confident in these companies right up until the sh*t hits the fan and have been in a couple of companies like that myself on aim before. However I do not see how much more Empire can do other than to show due diligence and work to show this is different.

At the end of the day we are being told that this ore can be strip mined no explosives also the ore can be crushed and processed .

Any one in doubt just go back and look through the RNS and watch the interviews that are on youtube from 4 months ago ( before 99.25% product announced and latest drilling program)

DYOR as Manlord says

I am sure that many people already know this exists but the page is updated as new information is issued and also when the company makes a presentation at a conference or to investors

It may be of use to potential investors or newer investors

https://www.empiremetals.com/investors/shareholder-documents/presentations/

Pott

It needs to be remembered that the ore that they are looking to remove from Thomas and Cosgrove is very close to the surface. The flowsheet they are using also means that the capital expenditure even though fairly large is not huge in regards to other mines.

I believe that an earlier RNS suggested an initial pilot plant would cost around 20 million dollars. I am sure that as time moves on and they decide what production processes they will use that they will firm up potential Cap Ex

With regards to a buy out I believe that many of the senior staff have decent options and thus shareholdings and they will be unlikely to take an offer which they think could be worth a lot more in a couple of years. I think Shaun Bunn has spoke about this in interviews in the past

I am sure that Cevodniya will tell you to wait until you feel a nice holiday villa coming on Simonlee40

Doc83 had a couple myself but hopefully this one compensates for all the past disappointments and more. I am not a huge holder but if this gets to where I expect over next 3-4 years then I can look forward to an earlier retirement and a bit of comfort

Pott I would also expect a RNS sometime this month with regards to how much TiO2 we get from the drill samples from Feb/March and what they plan to do with the product

Pott

We should get an RNS of the lab analysis of the most recent drill results first I believe. Obviously it will affect the price depending on the returned content percentage. The April RNS showed Thomas at 6.2% which is why I believe they are drilling there for the MRE to be followed by Cosgrove which was lower at 5.34%

How many days ?

Thanks for the answer AGEOS

A few solid "unknowns" gone through this afternoon

Ageos do you think there is anything to be read into the fact that most of the recent drilling program at Thomas only went to around 45 metres whereas the Feb holes went to an average of 54 metres.

Do you think for instance that it leans more towards a measured MRE as you said that you expected in previous posts. Also do you have any understanding why some holes then went down to 94 metres,

Thank You

Manlord i also spotted a slight error in your post where you say 5 pound when I think you mean 6 pound. ie 1.1 billion at 5 pounds is 5.5 billion not 6.6 . just a minor thing band overall it does not affect the principle argument you are making

This may also be good news in the medium term for Empire as new Rio Tinto CEO will be expected to look to do some big deals

https://uk.finance.yahoo.com/news/exclusive-next-rio-tinto-boss-053002750.html