RE: 15p tomorrow?9 Jan 2024 10:05
From RNS 11th July
Importantly from an economic perspective, the dominant iron and titanium oxide minerals, are hematite (Fe2O3) and ilmenite (FeTiO3), with lesser rutile and leucoxene, also titanium oxide minerals. Most importantly, only minor magnetite (Fe3O4) was identified within the samples. There is evidence of some trace amounts of titanomagnetite, but the vast majority of the iron oxide and iron-titanium oxide minerals are hematite and ilmenite respectively. This has significant economic implications as titanomagnetite can be very difficult to process, unlike hemo-ilmenite which is currently processed by Rio Tinto at its 70-year-old RTIT Quebec Operations in Quebec, Canada. Additional sampling and detailed mineralogical work is needed to determine if hemo-ilmenite is an important mineral at Pitfield