REG - Empire Metals Ltd - Drilling Successfully Completed at Pitfield

Empire MetalsAnnouncement

18/04/2024 07:00

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RNS Number : 0241L  Empire Metals Limited  18 April 2024

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

18 April 2024

Empire Metals Limited

("Empire" or "the Company")

 

Drilling Campaign Completed Successfully at Pitfield Project

 

Empire Metals Limited (LON: EEE), the AIM-quoted resource exploration and
development company, is pleased to announce that further to the announcement
of 27 March 2024, the Company has now successfully completed its third phase
of reverse circulation ("RC") drilling at the Pitfield Project in Western
Australia ("Pitfield").

 

Highlights

 

·    40-hole RC programme completed at Pitfield which focussed on testing
and delineating the two known zones of high-grade, bedded mineralisation.

·    Diamond core drilling completed at the end of March 2024, which
focused on confirming the continuation of near surface, high-grade titanium
mineralisation identified by previous drilling and surface sampling.

·    RC and diamond drilling programmes were completed ahead of schedule
and on budget.

·    Drill core is being logged and sampling is ongoing - assay results
are expected in the coming weeks.

·    101 RC holes for a total of 15,010m as well as 7 diamond core holes
for a total of 2,024.6m have now been completed at Pitfield in just over a
year.

 

Shaun Bunn, Managing Director, said: "We continue to move at pace with
development at the Pitfield Project, today announcing that our latest round of
drilling has been successfully completed ahead of schedule and on budget.
Our ambitious development plan at Pitfield, which will see delivery of a
demonstration plant next year, is designed to systematically de-risk the
project and prove an expedited route to commercialisation for this globally
significant new discovery.  I look forward to sharing more news in the coming
weeks."

 

The Pitfield Titanium Project

Located within the Mid-West region of Western Australia, near the northern
wheatbelt town of Three Springs, Pitfield lies 313km north of Perth and 156km
south of Geraldton, the Mid West region's capital and major port.

 

Western Australia is ranked as one of the top mining jurisdictions in the
world according to the Fraser Institute's Investment Attractiveness Index
published in 2023, and has mining-friendly policies, stable government,
transparency, and advanced technology expertise. Pitifled has existing
connections to port (both road & rail), HV power substations, and is
nearby to natural gas pipelines as well as a green energy hydrogen fuel hub,
which is under planning and development (refer Figure 1).

Figure 1. Pitfield Project Location showing the Mid-West Region Infrastructure
and Services

 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed
inside information for the purposes of Article 7 of Regulation (EU) No
596/2014, as incorporated into UK law by the European Union (Withdrawal) Act
2018, until the release of this announcement.

 

**ENDS**

 

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

 Empire Metals Ltd

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

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

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

 Susie Geliher / Charlotte Page

 

About Empire Metals Limited

Empire Metals is an AIM-listed (LON: EEE) exploration and resource development
company with a project portfolio comprising copper, titanium and gold
interests in Australia and Austria.

 

The Company's strategy is to develop a pipeline of projects at different
stages in the development curve. Its current focus is on the Pitfield Project
in Western Australia, which has demonstrated to contain a newly recognised
giant titanium-rich mineral system that hosts a globally significant titanium
discovery.

 

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

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