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Petratherm Ltd ( (AU:PTR) ) has provided an update.
Petratherm Limited has announced promising results from its maiden exploration drilling at the Rosewood Heavy Mineral Sand Prospect, revealing a substantial area of titanium-rich mineralisation. The drilling confirmed heavy mineral sand mineralisation extending over at least 15 square kilometres and open in multiple directions, indicating substantial potential for expansion. The high-value mineral content, primarily composed of titanium ores, strengthens the project’s commercial prospects and positions Petratherm favorably in the mineral sands industry.
More about Petratherm Ltd
Petratherm Limited is involved in the exploration and development of heavy mineral sand projects, focusing on high-value titanium ores. The company operates primarily in South Australia, targeting titanium-bearing mineral sands with significant economic potential.
YTD Price Performance: 33.33%
Average Trading Volume: 2,783,960
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$123.7M
See more data about PTR stock on TipRanks’ Stock Analysis page.
