London, UK
--News Direct--
Empire Metals Ltd EEE managing director Shaun Bunn takes Proactive's Stephen Gunnion through key updates and strategic decisions impacting the company.
Bunn highlighted that the company secured all mineral rights for its Pitfield titanium project in Western Australia, which he said cleared up market confusion over rights entitlement. This consolidation under a single joint venture precludes third-party interferences in their operations, especially important for their titanium mineral project.
Additionally, he said Empire Metals decided not to proceed with the acquisition of the Staveley project in Victoria, opting to focus resources on the Pittsfield project, reflecting a strategic refinement towards more promising ventures.
The Pittsfield project has shown encouraging progress, with recent drill results revealing high-grade titanium intercepts. Bunn noted that drilling across a 30km strike has consistently intersected titanium mineralization, indicating a significant potential resource base.
The company plans to compile comprehensive assay results before the next announcement, aiming to outline the resource's potential further. Bunn expressed confidence in the project's progress and the team's capabilities, emphasizing the strong forward momentum and upcoming developments in mineralogy and metallurgical work.
Contact Details
Proactive UK Ltd
+44 20 7989 0813
View source version on newsdirect.com: https://newsdirect.com/news/empire-metals-focuses-on-titanium-potential-at-pitfield-project-after-strategic-refinement-141236322
2024 News Direct Corp.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.