Petratherm's Rosewood Prospect: A New Source of High-Value Titanium Minerals
PTR (PTR) Share Update November 2024 Monday 18th
Petratherm Unveils Promising Titanium Mineral Results at Rosewood
Petratherm Limited (ASX: PTR) has announced promising results from a trial heavy mineral separation test at its Rosewood Prospect, revealing significant concentrations of high-value titanium minerals.
Instant Summary:
- Trial heavy mineral separation test shows significant heavy mineral grades.
- Composite samples show 12.0% and 12.5% heavy mineral concentrations.
- High titanium mineral content with approximately 65% TiO2.
- X-Ray Diffraction analysis reveals 19-21% Rutile, 4-7% Anatase, and 68-70% Pseudo-rutile.
- 90 samples fast-tracked for analysis with results expected in 3-4 weeks.
Initial Findings at Rosewood
Petratherm Limited has conducted a trial heavy mineral separation test using samples from historical drilling at the Rosewood Prospect. The results have shown highly significant heavy mineral (HM) grades and mineralogy, with composite samples from wide-spaced drill holes revealing HM concentrations of 12.0% and 12.5% at shallow depths.
The laboratory analysis confirmed a high titanium mineral content in the HM fraction, reporting approximately 65% TiO2. This indicates a significant presence of higher value titanium minerals, which are critical for various industries, including electric vehicles and battery storage.
Mineralogical Analysis
X-Ray Diffraction analyses of the HM fraction have indicated the presence of 19-21% Rutile, 4-7% Anatase, and 68-70% Pseudo-rutile. These findings suggest that the Rosewood Prospect could be a significant source of high-value titanium minerals.
The company has recently completed regional drilling at the Rosewood Prospect, expanding the area of exploration to approximately 8km by 2km. An initial batch of 90 samples from a representative drill section has been selected for fast-tracking HM separation analysis, with results expected in the coming weeks.
The discovery of high-value titanium minerals at the Rosewood Prospect is a significant development for Petratherm. Titanium is a critical mineral with applications in various high-tech industries, and its presence could enhance the company's market position. This announcement may positively influence Petratherm's stock as investors anticipate further developments and potential profitability from this project.
Investor Reaction:
Analysts are likely to view this announcement positively, as the presence of high-value titanium minerals could indicate a lucrative opportunity for Petratherm. However, investors will be keenly awaiting the results of the fast-tracked samples to confirm the extent of the mineralization.
Conclusion:
Investors should keep a close eye on Petratherm's upcoming results from the Rosewood Prospect. The potential for significant titanium mineralization presents an exciting opportunity, and further analysis will be crucial in understanding the full potential of this project.