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Petratherm Ltd ( (AU:PTR) ) has shared an update.
PTR Minerals Ltd has announced significant exploration success at its Muckanippie Heavy Mineral Sands Project in South Australia, with drill results confirming very high-grade titanium mineralization at the Duke and Nardoo saprolite targets. The findings suggest the potential for a high-quality ore with a significant component of valuable heavy minerals, including altered ilmenite, which could enhance the company’s operations and position it as a key player in the emerging titanium province. The results indicate the potential for large-scale, high-grade systems, complementing the company’s existing Rosewood Titanium Project and expanding the overall mineralization footprint.
More about Petratherm Ltd
PTR Minerals Ltd is a company operating in the mineral exploration industry, focusing on heavy mineral sands projects. Their primary products include titanium and other valuable heavy minerals, with a market focus on developing high-grade mineral resources in South Australia.
Average Trading Volume: 278,555
Technical Sentiment Signal: Buy
Current Market Cap: A$97.05M
Learn more about PTR stock on TipRanks’ Stock Analysis page.