REG - Empire Metals Ltd - Company Update

Empire MetalsAnnouncement

Tue 09:30

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RNS Number : 5083Z  Empire Metals Limited  16 September 2025

Empire Metals Limited / LON: EEE / Sector: Natural Resources

 

16 September 2025

Empire Metals Limited

("Empire" or "the Company")

 

Company Update

 

The Board of Empire Metals Limited (LON:EEE; OTCQX:EPMLF), the resource
exploration and development company, would like to respond to recent sharp
decline in the Company's share price and would like to clarify that there has
been no material change to the Company's operational or financial position to
account for this movement. The Board remains confident in the Company's
strategy, the progress being made at the Pitfield Titanium Project and the
long-term value proposition for shareholders.

 

Empire continues to advance technical and commercial workstreams to unlock the
Project's full potential and will update the market in due course on further
developments.  The Company is well funded to achieve upcoming milestones,
underpinned by £4.5m fundraising in Q2 2025 and as at 30 June 2025 the
Company's cash position was £6.3m.

 

Overview

·    Maiden Mineral Resource Estimate on track for release in October
2025.

·      The maiden MRE will provide a platform for mine scoping studies.

·      Expanded metallurgical testwork and optimisation programmes are
underway, leading to continuous pilot-scale operations.

 

Shaun Bunn, Managing Director, commented:

"Empire has achieved exceptional progress at Pitfield in a very short time and
its operational trajectory continues to impress. The combination of
outstanding drill results, breakthrough metallurgy, and further injection of
capital in May has transformed the Company. These fundamentals remain
unchanged and continue to strengthen. Pitfield is now firmly established as a
project of global significance, with a unique combination of scale, grade and
processing simplicity that sets it apart from other titanium projects
worldwide.

 

"We look forward to sharing further milestones in the coming weeks as we add
further tangible value to the Company through the delineation of a maiden MRE
at Pitfield."

 

**ENDS**

 

For further information please visit www.empiremetals.co.uk
(http://www.empiremetals.co.uk) or contact:

 Empire Metals Ltd

 Shaun Bunn / Greg Kuenzel / Arabella Burwell            Tel: 020 4583 1440
 S. P. Angel Corporate Finance LLP (Nomad & Broker)      Tel: 020 3470 0470

 Ewan Leggat / Adam Cowl
 Shard Capital Partners LLP (Joint Broker)               Tel: 020 7186 9950

 Damon Heath
 St Brides Partners Ltd (Financial PR)                   Tel: 020 7236 1177

 Susie Geliher / Charlotte Page

 

About Empire Metals Limited

 

Empire Metals is an AIM-listed and OTCQX-traded exploration and resource
development company (LON: EEE, OTCQX: EPMLF) with a primary focus on
developing Pitfield, an emerging giant titanium project in Western Australia.

 

The high-grade titanium discovery at Pitfield is of unprecedented scale, with
airborne surveys identifying a massive, coincident gravity and magnetics
anomaly extending over 40km by 8km by 5km deep. Drill results have indicated
excellent continuity in grades and consistency of the in-situ mineralised beds
and confirm that the sandstone beds hold the higher-grade titanium dioxide
(TiO₂) values within the interbedded succession of sandstones, siltstones
and conglomerates. The Company is focused on two key prospects (Cosgrove and
Thomas), which have been identified as having thick, high-grade, near-surface,
in-situ bedded TiO₂ mineralisation, each being over 7km in strike length.

 

An Exploration Target* for Pitfield was declared in 2024, covering the Thomas
and Cosgrove mineral prospects, and was estimated to contain between 26.4 to
32.2 billion tonnes with a grade range of 4.5 to 5.5% TiO(2).  Included
within the total Exploration Target* is a subset that covers the in-situ
weathered sandstone zone, which extends from surface to an average vertical
depth of 30m to 40m and is estimated to contain between 4.0 to 4.9 billion
tonnes with a grade range of 4.8 to 5.9% TiO(2).

 

The Exploration Target* covers an area less than 20% of the overall mineral
system at Pitfield which demonstrates the potential for significant further
upside.

 

Empire is now accelerating the economic development of Pitfield, with a vision
to produce a high-value titanium metal or pigment quality product at Pitfield,
to realise the full value potential of this exceptional deposit.

 

The Company also has two further exploration projects in Australia; the
Eclipse Project and the Walton Project in Western Australia, in addition to
three precious metals projects located in a historically high-grade gold
producing region of Austria.

 

*The potential quantity and grade of the Exploration Target is conceptual in
nature. There has been insufficient exploration to estimate a Mineral Resource
and it is uncertain if further exploration will result in the estimation of a
Mineral Resource. See RNS dated 12 June 2024 for full details.

 

 

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