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Petratherm Ltd ( (AU:PTR) ) has issued an announcement.
PTR Minerals has issued an amended version of its 16 March 2026 announcement on metallurgical test work and drilling at its Rosewood project, clarifying the Competent Person’s Statement and adding bulk sample drill collar details without altering the substantive results. The latest metallurgical assays on a one-tonne bulk sample from Rosewood show the ore responds well to conventional wet separation, achieving over 91% heavy mineral recovery into a high-quality concentrate, with subsequent magnetic and electrostatic separation yielding multiple high-grade titanium product streams and several first-pass processing flow sheet options.
A second, larger three-tonne composite sample from Rosewood East is now under processing to refine recoveries and product quality, while fresh drilling assays from Batch 4 confirm a shallow, laterally consistent blanket of high-grade heavy mineralisation in the northern Rosewood East area, with multiple double-digit heavy mineral intercepts near surface. These results strengthen the technical credentials and development potential of the Rosewood project, supporting PTR Minerals’ positioning in the titanium and heavy mineral sands market and providing encouraging signals for stakeholders regarding future project scalability and product quality.
The most recent analyst rating on (AU:PTR) stock is a Hold with a A$0.09 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, listed on the ASX as PTR, is a mineral exploration and development company focused on heavy mineral sands, including titanium-bearing ores. The company is advancing its Rosewood project, where it is evaluating ore processing routes and resource potential to support future project development in the mineral sands sector.
Average Trading Volume: 773,285
Technical Sentiment Signal: Sell
Current Market Cap: A$37.14M
Find detailed analytics on PTR stock on TipRanks’ Stock Analysis page.