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The latest update is out from Petratherm Ltd ( (AU:PTR) ).
PTR Minerals has completed its maiden resource drilling program at the Rosewood titanium project, drilling 446 air core holes for 9,388 metres across an area of about 40 square kilometres in South Australia. Initial assays from the first 17 holes along a 2.5-kilometre traverse at Rosewood East have returned some of the best heavy mineral intercepts recorded to date, with multiple thick intervals grading above 10% heavy minerals and remaining open along strike, particularly in a southern zone that management believes could yield significant high-grade tonnages. Assaying and resource modelling are now under way, and the company expects to publish a maiden JORC Mineral Resource in the June quarter of 2026, with the density of drilling and consistency of mineralisation at Rosewood East likely to support classification up to Indicated status, potentially strengthening PTR’s titanium portfolio and project development prospects.
More about Petratherm Ltd
PTR Minerals Ltd (ASX: PTR) is an Australian minerals exploration company focused on heavy mineral sands, including high-grade titanium-bearing deposits, with key interests in the Rosewood project area in South Australia. The company holds 100% of the Rosewood East tenement (EL 6855) and a 70% stake in Rosewood West (EL 6715) via a joint venture with Narryer Metals, targeting the delineation of a significant JORC-compliant resource to support future development options.
Average Trading Volume: 403,710
Technical Sentiment Signal: Buy
Current Market Cap: A$98.35M
For a thorough assessment of PTR stock, go to TipRanks’ Stock Analysis page.