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Empire Metals Ltd said on Tuesday that a maiden mineral resource estimate at its Pitfield project in Australia found ‘one of the largest and highest-grade titanium resources reported globally’. The London-based mining firm said Pitfield’s Thomas and Cosgrove deposits are estimated to have 2.2 billion tonnes grading 5.1% titanium dioxide for 113 million tonnes of contained titanium dioxide. Drilling at Thomas is expected to provide sufficient feedstock for over 30 years of initial mine life, Empire added. Further, Pitfield has existing rail links to deep-water ports, which provide direct shipping access to Asia, United States, Europe and Saudi Arabia. Additional resource development drilling is planned that is ‘fully anticipated’ to enlargen the maiden mineral resource estimate. Managing Director Shaun Bunn said: ‘Pitfield is truly one of the natural geological wonders of the world: a district scale, giant titanium rich ore deposit which has remained hidden in plain sight until recently discovered by Empire.’ He added: ‘We have already commenced engineering, environmental and marketing studies which combined, will help confirm the commercial viability of Pitfield and form the basis for a final investment decision.’ Share prices in Empire Metals fell 14% on Tuesday in London, closing at 50.60 pence. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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