RE: Thomas Prospect RNS20 Aug 2025 08:54
Here is SuffolkJim's ChatGPT summary from ADVFN. Thanks to him, Aimgainer and of course Aegos.
1. The deposit is much bigger than first thought
• Originally, the Thomas prospect was seen as a small 0.3 km² zone of titanium-rich material (saprolite).
• New drilling shows this actually extends over a much larger 13.5 km² area.
• Within this, there is a central high-grade “core” zone, which is especially rich in titanium dioxide (TiO₂).
2. High-grade titanium is confirmed at depth, not just near surface
• Most shallow drill holes (Air Core) show grades around 5–6%+ TiO₂.
• More importantly, deeper holes (Reverse Circulation) show 6–7% TiO₂ all the way down to 100m.
• This suggests a big chunk of ore extends deeper than expected, which could add a lot of tonnage to the resource.
3. Resource categories (Measured, Indicated, Inferred)
• “Measured” = most certain, lots of drilling, very well understood.
• “Indicated” = reasonably certain, but less dense drilling.
• “Inferred” = still speculative, based on less drilling but strong geological evidence.
• The tightly drilled 0.3 km² patch inside the core could even qualify as Measured.
• The wider central core could be Indicated, and the northward extension (into the Cosgrove area) could be added as Inferred.
👉 Translation: the upcoming MRE may contain different levels of confidence, but there’s a good chance of having some Measured + Indicated tonnes already, not just Inferred.
4. Tonnage calculations
• Across the 13.5 km² drill grid, down to 50m depth, they estimate ~1.5 billion tonnes of ore (at >2% TiO₂).
• The high-grade core alone could be ~820 million tonnes averaging 6%+ TiO₂.
• For context, Empire’s exploration target for the entire Pitfield province is 26–32 billion tonnes, so this Thomas section is just a first slice of a much bigger pie.
5. The “academic” geology bit matters
• The poster points out that the shape of the orebody (following the sandstone strike) means the high-grade zone could extend much further north.
• If the geologists include that in the upcoming MRE (as Inferred), the tonnage could jump significantly even before further drilling.
⸻
What This Really Means for the Upcoming MRE
• The MRE is likely to be very large for a first estimate — potentially showing hundreds of millions of tonnes of high-grade ore at Thomas.
• Importantly, it may already contain some Measured and Indicated resources (not just Inferred), which adds credibility and potential economic value.
• The orebody is bigger, richer, and deeper than first thought, and could still extend further north.
• Even though this is only a small part of Pitfield, it’s already pointing towards a globally significant titanium resource.
⸻
✅ In very simple terms:
The poster is saying the drilling at Thomas has massively increased the known size of the deposit, confirmed a huge high-grade titan
Sign In
Follow the stocks
