I heard the word CUSTOMERS!And guess what customers do?They pay MONEY for products or services rendered. A cash generating company on AIM. I'd say we're doing ok and not to worry about a share price that is lagging behind true value. All in good timeML |
Interviews are great , going to rerate at some point |
Cevodniya, Knew you wouldn't be able to resist!
SuffolkJim, I think your point is valid. Obviously not producing enough volume yet but by proving concept to this point should change the ability to value this massive deposit. For example Manlord (I think) recently posted about a company that had developed tech to process different types of feedstock. May not be applicable here but...
I've been neutral on dual listing but maybe that's what it takes to get a more realistic valuation. In the meantime I consider it an opportunity! |
They say they are hoping to commission a pilot plant in 2025 so that in itself would deliver a product they could sell all be it on a small scale. |
Excsue my ignorance here. Are the company saying that, given the percentage titanium in their end 'product' so far, that they've got something they could sell on the market to another company who could refine it further?
It kind of reads that way to me. Clearly that's not the plan, but if I'm right could that mean that we could generate an income earlier than previously thought?
Happy to be shot down here. |
Well, I've dipped in again
2 lots of 58245 at 8.56
116717 at 8.56
116310 at 8.59
116175 at 8.60.
So in total another 465692 taking me to 10466958.
HL platform would not allow me to purchase in one bite.
One day, I'll round this numbers of to say 10.5 or 11 lol |
 Empire Metals* (EEE LN) 8.45p, Mkt Cap £52m – Flowsheet development and metallurgical results from the Pitfield project, WA
Empire Metals has issued a progress report on its hydro metallurgical testing and flow sheet development work for the Pitfield titanium project located around 300km north of Perth and 160km southeast of Geraldton, WA.
The test work, carried out on material recovered from depths of up to 50m in10 diamond drill holes completed in September/October 2024, focussed on the deslimed fine mineral fraction below 38µm in size.
The “Metallurgical research and testing have been focussed on conventional processing stages, such as gravity, flotation and acid digestion, to achieve a cost-effective process flowsheet aimed towards producing a high-value commercial product”.
Results released in today’s announcement show that “Gravity separation recovered 60-80% of Ti-bearing minerals into a heavy mineral concentrate… [and that] … Acid leach tests on gravity concentrates achieved 95% dissolution of … [the titanium bearing mineral] …anatase”; (TiO2).
Today’s announcement also explains that “Separate flotation test work on whole of ore samples achieved 78% TiO2 recovery into a rougher mineral concentrate”.
Empire Metals explains that “Key features and benefits of the current flowsheet include:
Highly friable, weathered ores allow for simple, low-energy scrubbing and desliming circuit
Conventional mineral separation processes (gravity/flotation) to concentrate the Ti-bearing minerals, rejecting the gangue silicates
Acid leaching and precipitation to produce a high-quality TiO2 product (>80% TiO2 )
Further refining to achieve final product (>95% TiO2) suitable for:
Chloride pigment market and the manufacture of paints and coatings, plastics and paper; and
Production of titanium metal (sponge)”.
The use of flotation draws on the long-established experience of the kaolin (china-clay) industry where this technology is used “to remove any anatase present as this may discolour the kaolin products”.
Empire Metals confirms that its “initial diagnostic work tested a range of reagent conditions, achieving a recovery high of 61% TiO2”.
The company outlines its plans for work in 2025 including “additional resource-focused drilling, scaled-up metallurgical testwork programmes and mining and engineering studies”.
Commenting that the “metallurgical testwork and flowsheet development … continues to gather great momentum … [Managing Director, Sean Bunn said that the] … successful application of froth flotation to recover high-grade titanium dioxide minerals from the fines fraction of the weathered ore is an important step in designing an efficient and robust process flowsheet”.
Mr. Bunn confirmed that the work had achieved recovery rates of up to 91% and said that “the metallurgical testwork will now focus on testing various titanium product development options and will assess the purification and refining stages to determine the steps required to achieve a high-purity, high value TiO2 product”.
Conclusion: Continuing, laboratory scale hydrometallurgical testing of shallow material from Pitfield is clarifying the potential flowsheet. Additional resource drilling, metallurgical testing and mining engineering studies is planned for 2025, and we await the results with interest.
*SP Angel acts as nomad and broker to Empire Metals |
Is shaun doing any interviews? |
Of course we should be trading on the Australian stock exchange. Should the Australian government give us a loan or a grant then, I am sure that it will be a condition. |
100% correct JuJuI've been a big proponent of a dual listing on the ASX. The investor there is sophisticated and would really wake the Mcap up whereby intrinsic value should be realised. It would also get AIM investors realising that actually, this is a hell of a prospect and that trading it would be silly. Either way, long-term makes no difference. I'll be here to see it through.ML |
That has to be the hope for the US event . Enlist a few big swingers |
That's the problem with having a low institutional share base. Too many traders on AIM can influence the price direction too easily.
Another good reason to do a presentation in the States. |
Juju .. I dread to think how low the % is of "real investors" on AIM ... in reality it's probably less than 10% now.Ke Sera |
what timeframe as the daily and weekly charts arent oversold.
Great news today. |
We are also now firmly back into oversold territory and could see at least a technical bounce |
I am baffled as to why the market shows such indifference . Delivery of product is not yet guaranteed but the odds for success keep improving . Based on success probability the market cap should be much higher . AIM is a cess pit |
It’s quite possible to have a holding with a belief in the fundamentals and likelihood of ultimate success and still follow the chart. Most investors are looking for the moment when the valuation aligns with expectations and the chartist looks for that alignment to be signalled on the chart. So I don’t find it hard to see where juju is coming from. But each to their own.
Still I’m very happy with today’s update. Re fundamentals it can only bring that alignment closer. |
No and never have really to be totally honest with you! |
That is why we are all here. Get my drift ....... |
Not all GAPs get filled with breakaway GAPs almost never getting filled but as a LTH I am just not bothered really as when potentially these are say 100p+
You get my drift.... |
SP gap up. I dont like gaps as they almost always get filled |
A few investors have taken profit (or reduced their loss) early this morning. Our positions are different. We should all stay for the longer term and hold tight. Good news flow will continue. Everyone / country wants to secure critical resources, so this company is in the right place at the right time. STRONG BUY. |
Morning manlord! Yes timely! |
kingston78, yes it means the company avoids hefty R and D costs and has good visibility. The simplicity of the model will help with grant applications, should they continue on that route, and make the whole project more attractive for finance or, dare I say it, potential suitors. It’s also why EEE are able to move at this pace. To go from initial discovery to this stage is exceptional. |
Morning all! There's that GUARANTEED news for the presentation in the U S of A Wakey Wakey Titanium Industry ML |
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