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An update from Petratherm Ltd ( (AU:PTR) ) is now available.
PTR Minerals has released an amended version of its 17 February announcement on drilling at the Rosewood Titanium Project, clarifying its Competent Person statement and providing extra technical detail on exploration data and aggregation methods, while leaving the core results unchanged. The latest Batch 3 assays from 71 holes at Rosewood East confirm the best intersections recorded so far, with thick, high-grade heavy mineral zones from shallow depths, underpinning confidence in resource modeling and keeping the company on schedule to deliver a maiden JORC Mineral Resource estimate in the June quarter of 2026.
Management says the consistency, scale and grade of mineralisation continue to exceed expectations, reinforcing Rosewood’s potential as a significant titanium project in South Australia and strengthening PTR Minerals’ position in the mineral sands sector. With 446 air-core holes completed over roughly 40 square kilometres and results continuing to expand high-grade zones, stakeholders are likely to view the unchanged strong drilling outcomes and imminent resource estimate as de-risking milestones for the project.
The most recent analyst rating on (AU:PTR) stock is a Hold with a A$0.21 price target. To see the full list of analyst forecasts on Petratherm Ltd stock, see the AU:PTR Stock Forecast page.
More about Petratherm Ltd
PTR Minerals Ltd is an Australian exploration company focused on titanium mineral sands, with its flagship Rosewood Titanium Project in the northern Gawler Craton of South Australia. The company holds 100% of the Rosewood East tenement and a 70% interest in the Rosewood West joint venture with Narryer Metals, targeting high-grade, near-surface heavy mineral deposits.
Average Trading Volume: 591,974
Technical Sentiment Signal: Sell
Current Market Cap: A$82.96M
Find detailed analytics on PTR stock on TipRanks’ Stock Analysis page.