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Ilmenite Confirmed as Key Titanium Mineral
Ilmenite Confirmed as Key Titanium Mineral.
About this update from Empire Metals Limited
[{"type":"text","content":"\n\nEmpire Metals Limited / LON: EEE / Sector: Natural Resources\n \n11 July 2023\nEmpire Metals Limited\n(\"Empire\" or \"the Company\")\n \nIlmenite Confirmed as Key Titanium Mineral at Pitfield\nSignificant Magnetics Anomaly extends to a depth of at least 6km\n \nEmpire Metals Limited (LON: EEE), the AIM-quoted resource exploration and development company, is pleased to announce the results of the first petrographic and mineralogical studies on the high-grade titanium discovery at the Pitfield Project ('Pitfield'), located in Western Australia, which confirm the presence of ilmenite, an important economic titanium-iron oxide mineral.\n \nHighlights\n \n· Pitfield represents a newly recognised type of stratabound sedimentary rock-hosted titanium deposit, unlike the more common beach sand and hard-rock types of titanium deposits found globally.\n· Initial petrography work confirms the presence of ilmenite, a titanium-iron oxide mineral, which is highly valued as a source for titanium oxide ('TiO2') and which accounts for over 85% of the feedstock for the entire titanium industry.\n· The dominance of ilmenite and hematite within the samples studied, along with only the minor presence of magnetite, is considered highly beneficial from an economic perspective.\n· New 3D magnetics model demonstrates the extraordinary depth of the previously announced 40km by 8km magnetics anomaly, extending to at least 6km below surface.\n· Titanium minerals are regarded as a \"critical\" resource and titanium is on the strategic \"critical minerals list\" in many countries including the United States, the European Union, Japan and Australia.\n· Future drill programmes currently funded, including both diamond core and additional RC drilling, will be carried out along the entire length of the magnetics anomaly to confirm the scale of this giant, titanium-enriched mineral system.\n \nShaun Bunn, Managing Director, said: \"It is very exciting to see the results from our initial petrographic and mineralogical studies, confirming the presence of ilmenite within this exceptional titanium-rich mineral system. We have a magnetics anomaly covering 40km by 8km, whose core is 30km long and extends to a depth of at leas...