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Petratherm Ltd ( (AU:PTR) ) has issued an update.
Petratherm Ltd announced the discovery of a new style of high-grade titanium mineralization at the Muckanippie Project in South Australia. The exploration drilling revealed significant titanium-rich heavy mineral deposits in saprolite clay, with promising results indicating the potential for extensive mineralization along a 16-kilometer trend. This discovery positions the project as a potential large-scale supplier of titanium, a critical mineral for Australia, with implications for boosting domestic supply and contributing to national security.
More about Petratherm Ltd
Petratherm Ltd is an exploration company focused on identifying and developing mineral resources, particularly in the heavy mineral and titanium sectors. Their operations are based in the northern Gawler Craton, South Australia, with a focus on potential high-grade titanium mineralization.
YTD Price Performance: -5.00%
Average Trading Volume: 3,055,936
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: A$88.29M
Learn more about PTR stock on TipRanks’ Stock Analysis page.
