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Petratherm Ltd ( (AU:PTR) ) has shared an update.
PTR Minerals reported strong progress at its Rosewood Titanium Project during the March quarter, highlighting high-grade results from a 446-hole maiden resource drilling program at the Muckanippie Project in South Australia. The drilling, covering about 40 square kilometres, has delivered some of the best heavy mineral intercepts recorded to date and is expected to support a maiden JORC mineral resource estimate in the June 2026 quarter.
Preliminary metallurgical test work by IHC Mining indicates Rosewood ore responds well to conventional wet, magnetic and electrostatic processing, recovering over 91% of heavy minerals into a high-quality concentrate and producing multiple high-grade titanium product streams. PTR is advancing additional test work on a larger composite sample and has strengthened its technical and marketing capabilities with two senior appointments, positioning the company to evaluate a potential long-life, large-scale titanium project while maintaining a cash balance of $15.2 million.
More about Petratherm Ltd
PTR Minerals Ltd is an Australian mineral exploration company focused on developing the Rosewood Titanium Project in the northern Gawler Craton of South Australia. The company targets heavy mineral sands, particularly titanium-bearing minerals suitable for high-grade products used in chloride pigment production, and operates both wholly owned and joint venture tenements in the region.
Average Trading Volume: 765,485
Technical Sentiment Signal: Sell
Current Market Cap: A$41.48M
Learn more about PTR stock on TipRanks’ Stock Analysis page.