Empire Metals Strikes High-Grade Titanium, Shares Poised for Potential Upswing

Empire Metals Limited (LON:EEE) has announced what it described as “outstanding” assay results from its drilling campaign at the Pitfield Project in Western Australia, sending its shares significantly higher on Monday morning.

The company said its focus on the weathered cap at the Thomas Prospect has yielded some of the highest titanium dioxide (TiO₂) grades ever recorded at the site, setting the stage for a maiden JORC-compliant Mineral Resource Estimate (MRE).

Headline Numbers:

• Exceptional Intercepts: Up to 7.87% TiO₂ at 44 meters from the surface.
• High-Grade Core: Averages approximately 6% TiO₂ across a 3.6km strike length.
• Widespread Mineralization: Nearly two-thirds of drill holes averaged above 4% TiO₂, with over 90% exceeding a 2% cut-off.

The results signal a potential boon for Empire Metals, suggesting a robust and economically viable titanium deposit.

The high grades and near-surface mineralization are said to be particularly encouraging, potentially reducing extraction costs and accelerating the timeline to production.

The company's drilling program, initiated in March 2023, has been extensive, comprising 382 drill holes totaling 32,265 meters.

Shaun Bunn, Managing Director, stated, “These results confirm the exceptional scale and grade of titanium mineralisation at Thomas. The continuity of high-grade mineralisation near surface is particularly exciting for future mine development. With assays received ahead of schedule, we can now accelerate resource modelling and move rapidly towards announcing our maiden MRE.”