Empire Metals Regulatory News (EEE)

Empire Metals Limited / LON: EEE / Sector: Natural Resources

18 April 2024

Empire Metals Limited

("Empire" or "the Company")

Drilling Campaign Completed Successfully at Pitfield Project

Empire Metals Limited (LON: EEE), the AIM-quoted resource exploration and development company, is pleased to announce that further to the announcement of 27 March 2024, the Company has now successfully completed its third phase of reverse circulation ("RC") drilling at the Pitfield Project in Western Australia ("Pitfield"). 

Highlights

· 40-hole RC programme completed at Pitfield which focussed on testing and delineating the two known zones of high-grade, bedded mineralisation.

· Diamond core drilling completed at the end of March 2024, which focused on confirming the continuation of near surface, high-grade titanium mineralisation identified by previous drilling and surface sampling.

· RC and diamond drilling programmes were completed ahead of schedule and on budget.

· Drill core is being logged and sampling is ongoing - assay results are expected in the coming weeks.

· 101 RC holes for a total of 15,010m as well as 7 diamond core holes for a total of 2,024.6m have now been completed at Pitfield in just over a year.

Shaun Bunn, Managing Director, said: "We continue to move at pace with development at the Pitfield Project, today announcing that our latest round of drilling has been successfully completed ahead of schedule and on budget. Our ambitious development plan at Pitfield, which will see delivery of a demonstration plant next year, is designed to systematically de-risk the project and prove an expedited route to commercialisation for this globally significant new discovery. I look forward to sharing more news in the coming weeks."

The Pitfield Titanium Project

Located within the Mid-West region of Western Australia, near the northern wheatbelt town of Three Springs, Pitfield lies 313km north of Perth and 156km south of Geraldton, the Mid West region's capital and major port.

Western Australia is ranked as one of the top mining jurisdictions in the world according to the Fraser Institute's Investment Attractiveness Index published in 2023, and has mining-friendly policies, stable government, transparency, and advanced technology expertise. Pitifled has existing connections to port (both road & rail), HV power substations, and is nearby to natural gas pipelines as well as a green energy hydrogen fuel hub, which is under planning and development (refer Figure 1).

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Figure 1. Pitfield Project Location showing the Mid-West Region Infrastructure and Services

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014, as incorporated into UK law by the European Union (Withdrawal) Act 2018, until the release of this announcement.

**ENDS**

For further information please visit www.empiremetals.co.uk or contact:

About Empire Metals Limited

Empire Metals is an AIM-listed (LON: EEE) exploration and resource development company with a project portfolio comprising copper, titanium and gold interests in Australia and Austria.

The Company's strategy is to develop a pipeline of projects at different stages in the development curve. Its current focus is on the Pitfield Project in Western Australia, which has demonstrated to contain a newly recognised giant titanium-rich mineral system that hosts a globally significant titanium discovery.

The Company also has three further exploration projects in Australia; the Eclipse Project and the Walton Project in Western Australia, and the Stavely Project in the Stavely Arc region of Victoria, in addition to three precious metals projects located in a historically high-grade gold producing region of Austria.