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Empire Metals ( (GB:EEE) ) just unveiled an update.
Empire Metals has launched its largest drilling campaign to date at the Pitfield titanium project in Western Australia, aiming to expand and upgrade its existing Mineral Resource Estimates at the Thomas and Cosgrove prospects. The fully funded programme will deploy three air core and two reverse circulation rigs to complete 754 holes totalling 41,250 metres by mid-April, with updated resource figures targeted for the third quarter of 2026.
The work is designed to increase the proportion of Measured and Indicated resources at Thomas and significantly grow the current 430 million tonne resource at Cosgrove, focusing on the near-surface weathered zones that have shown high-grade TiO₂ mineralisation. By extending drilling coverage from less than 20% to as much as 60–70% of the known mineralised footprint, the campaign is expected to sharpen Empire’s understanding of Pitfield’s scale, support mine design and study work, and strengthen the project’s standing as a globally significant titanium resource.
The most recent analyst rating on (GB:EEE) stock is a Hold with a £38.00 price target. To see the full list of analyst forecasts on Empire Metals stock, see the GB:EEE Stock Forecast page.
Spark’s Take on GB:EEE Stock
According to Spark, TipRanks’ AI Analyst, GB:EEE is a Neutral.
Overall score is held back primarily by weak financial performance (pre-revenue, widening losses, and worsening cash burn), partially offset by a strong technical uptrend (price above major moving averages with positive MACD) and a conservative balance sheet with very low leverage. Valuation remains a drag due to negative earnings and no dividend yield data.
To see Spark’s full report on GB:EEE stock, click here.
More about Empire Metals
Empire Metals is a London AIM and OTCQX-listed natural resources company focused on exploration and resource development, with its flagship asset the Pitfield Titanium Project in Western Australia. Pitfield hosts one of the world’s largest and highest-grade titanium resources, with a 2.2 billion tonne Mineral Resource Estimate grading 5.1% TiO₂, and is positioned to supply growing global demand for titanium products.
Average Trading Volume: 2,668,152
Technical Sentiment Signal: Buy
Current Market Cap: £253.1M
See more data about EEE stock on TipRanks’ Stock Analysis page.