Empire Metals Share Discussion Threads

[apotheki] 24/10/2024 06:20

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

Diamond Drilling at Pitfield Completed

Titanium-rich Weathered Cap Significantly Thicker than Anticipated

Empire Metals Limited (LON: EEE), the AIM-quoted resource exploration and development company, is pleased to announce that the diamond core drilling programme at the Pitfield Project ('Pitfield'), located in Western Australia, has been completed, identifying new extensive, thick zones of strongly weathered "saprolite" cap. Samples will be used primarily for metallurgical testwork and flowsheet development as well as informing the plans for further diamond core and reverse circulation ('RC') drilling aimed at defining a maiden Mineral Resource Estimate ('MRE') in 2025.

Highlights

· Diamond core drill programme completed on schedule, with five holes drilled to planned depths at both the Thomas and Cosgrove Exploration Target areas for a total of 679 metres.

· All drill holes encountered extensive weathered zones from very near surface to depths of around 60 metres, nearly double that previous encountered at the Cosgrove and Thomas prospects, confirming the extremely soft and friable nature of the bedded sandstones in this weathered zone.

· These significantly deeper intercepts of weathered sandstones at both target areas bode well for the development of a large scale Mineral Resource Estimate for the higher-grade, high-purity anatase-rich weathered cap.

· Excellent recovery of core was achieved which will primarily be used for metallurgical testwork and process flowsheet development including:

o standard hardness and grindability tests to determine the energy input needed to liberate the titanium-bearing minerals from gangue minerals contained in the rocks; and
o bulk composites of the weathered zone for mineral separation and titanium extraction testwork.

· The key observation from core logging is that the material characteristics of these highly weathered bedded sandstones will mean easier mining conditions and significantly less energy consumption required for comminution.

· With the completion of this diamond core drilling programme the Company has now drilled 100 RC holes for a total of 14,988m and 17 diamond core holes for a total of 2,704m.


Shaun Bunn, Managing Director, said: "I am pleased to provide an update on what has been an extraordinarily successful diamond drill campaign. Core logging has confirmed the extensive depth of weathering, well over 60 metres from surface in the zones targeted, where our geoscientists had predicted they would be based on the previous drill sample logging and geochemical assay results. This logging data will help verify the geological model used for the Exploration Target estimates (announced 12 June 2024) and allow us to reduce our search area radius for high-grade, anatase rich mineralisation and hence reduce the size and cost of the next phase of drilling ahead of defining a maiden MRE.

"Furthermore, the excellent recovery of drill core achieved throughout the campaign ensures that we have more than sufficient representative samples of the weathered zone to accelerate the mineral separation testwork. Gravity testwork is continuing on previously collected samples of the fresh bedrock throughout October and November, in order to evaluate the effect of grind size on particle liberation and to produce mineral concentrate samples for preliminary hydrometallurgical testing. Other mineral separation processes being assessed include magnetic separation and froth flotation. As soon as the weathered core samples from this campaign are available, expected within weeks, a duplicate mineral separation testwork programme will commence."

[master rsi] 23/10/2024 14:53

They finally let it go to 7p offer

[master rsi] 22/10/2024 22:35

The Aquis 125K BUY trade missing at ADVFN

2024-10-22, 09:09 6.94999 125,138

[master rsi] 22/10/2024 12:25

Some signal of better things to come

The UT this morning at 6.66p sounded like saying the bottom has been reached, if added to the last few days staying around this price 6.80 v 7p, is another signal of support and then the move to 6.90p bid today, was another signal that it could start moving up again from this point.

[master rsi] 22/10/2024 12:05

That is all what I could found under the sofa for a top up

13:02:01 24500 shares bought at 6.92p

[cevodniya] 22/10/2024 09:44

Cielos, a man of your enormous trading experience and a massive shareholder here, knows that the AIM market is totally illiquid and stocks only move on news releases.
Then the day traders and average IQ investor takes their 30% and moves on.
You know this, you know patience is the key but you simply can't contain yourself.
When the move comes, sell at you teeny gain, I'll buy them and hold until 2030.
Come back them and see what you missed out on.
I added a miniscule 125ish earlier at 6.9499p, happy days.

[suffolkjim] 22/10/2024 09:13

Tbh Cielos we’re invested in a titanium mine which hasn’t produced any titanium. Patience is always going to be required

[cielos] 22/10/2024 07:53

>>>>> patience

The days go by and the share price does not go anywhere
For some patience are faltering as to buy is even cheaper just now 6.935, was 6.95 yesterday.

spread 6.80 v 7

[apotheki] 20/10/2024 10:00

Does rather look that way saracen3

[cevodniya] 18/10/2024 11:49

Cielos, doesn't that make it
a superb opportunity to acquire at the listing price, which was oversubscribed.
But obviously you are waiting for a TORC and then it's 21p or more before you can blink.
You are a very strange investor.

[redhill] 17/10/2024 10:14

cielos

If you do your research then you can see the direction of travel.
If you don't have the patience sell up and move on or just ignore the market makers who like to juggle the spread.

[cielos] 17/10/2024 08:24

>>>> patience

Too long posters saying the same, able to buy below placing 7p

spread 6.80 v 7 today

[buddenbrook1] 17/10/2024 05:40

Patience, Cielos, patience...

[cielos] 16/10/2024 22:43

Back to 7p offer, not too good lasting so long at this price

[gin_rummy99] 16/10/2024 14:37

https://x.com/empiremetalsltd/status/1846511400270602711?s=46

[onedayrodders] 16/10/2024 12:30

I'm logging into ADVFN whilst in the office working ... every time I open ADVFN it causes all my other application to hang and freeze up to the point I have to close ADVFN Anyone else noticed the same ?

[goldrush] 16/10/2024 09:06

REDHILL & manlord1

Many thanks for sharing.

[onedayrodders] 16/10/2024 07:17

I may be seeing things, but in the second video it looks like a nice white end product pouring into the bucket

Or is that wishful thinking on my part ;o)

[manlord1] 15/10/2024 17:49

Re; Redhillhttps://x.com/empiremetalsltd/status/1844312095426482657?s=46&t=ZJI0eYTSNTDS5td0s4vPXw Testing gravity separation of weathered ore samples from Pitfield with ALS laboratories yesterday morning. We'll receive data from this test work in the coming weeks and it will inform decisions around critical test work focused on optimising the process flow sheet.ML

[saracen3] 15/10/2024 10:09

Am hearing that Arabella Burwell, Empire`s London based Investor Relations person,
is in Perth meeting with the company.

News and a London visit soon maybe ??

[goldrush] 15/10/2024 09:52

REDHILL

Can you please copy over the twitter post?

[goldrush] 15/10/2024 09:47

Could this be the day the placees who need to flip get cleared out....L2 Only 1 MM SHOC on 7.20 then it jumps to 3 MM's on 7.90 some 10% higher.....If you want to top up now probably could be best time IMHO ....no investment advice being given in this post.

[manlord1] 14/10/2024 12:44

Agreed ODR.SB was of the opinion that if Kenmare were $300-400m mcap, we have potential to be in the $b. ML

[redhill] 14/10/2024 12:08

It looks like with the hint posted on twitter we are veering towards gravity separation.
I would expect to hear news on this within the next couple of weeks.

[onedayrodders] 14/10/2024 11:16

Just chewing the fat whilst Sean and the team progress our giant world class discovery.

Broker note out today for an existing Titanium producer

"Kenmare Resources (“KMR”) will release its Q3 production update on 17th October 2024. KMR expects output to rise in H2 driven by higher forecast grades, and sales to be supported by improved weather, following the conclusion of the rainy reason"

Kenmare market cap £300m

Kenmare is a beach sands mineral plant in Moma Mozambique, MRE 6.8bn tonnes, it's half year production reported grades around 3.84%, it's previous production numbers were heavily negatively impacted by the rainy season and down 18% YOY. Kenmare currently supplies 7% of the worlds Titanium feedstock.

Will be interesting to see their next figures and their Outlook for the Titanium market .


Empire JORC Exploration Target completed and is estimated to be 26.4 to
32.2 billion tonnes with a grade range of 4.5 to 5.5% TiO2. and likely to have largely perfect weather 24/7.

I'd say we were sitting very pretty

ODR