Petratherm Ltd ( (AU:PTR) ) has issued an update.
Petratherm Limited has successfully completed Phase 2 of its drilling program at the Rosewood Titanium Discovery, part of the Muckanippie Project in South Australia. The program involved 128 drill holes, extending the known mineralisation area and collecting a 1-tonne bulk sample for metallurgical testing. The results are expected to enhance mineral recovery processes and inform future exploration phases. The project has received strong support from local Traditional Owners, facilitating further drilling expansions.
More about Petratherm Ltd
Petratherm Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary products include heavy mineral sands, with a particular emphasis on titanium minerals such as rutile and pseudorutile. The company is actively engaged in projects within South Australia, aiming to expand its market presence in the high-value mineral sector.
YTD Price Performance: -18.33%
Average Trading Volume: 1,150,674
Technical Sentiment Signal: Sell
Current Market Cap: A$82.95M
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