Share Prices & Company Research

Market News

22 Jun 2026 | 09:36

Empire Metals reports high-grade titanium zone at Pitfield

(Sharecast News) - Empire Metals said on Monday that drilling at the Thomas prospect within its Pitfield project in Western Australia had confirmed a large, continuous high-grade titanium zone and delivered the highest TiO2 grades reported by the company to date. The AIM-traded explorer said 178 holes were completed for 9,816 metres at Thomas, confirming a high-grade weathered central core extending over about 6.25 square kilometres to an average depth of 47 metres.

Results included 51 metres at 8.79% TiO2 from surface and 50 metres at 8.29% TiO2 from surface, with a peak two-metre intercept grading 21.44% TiO2.

Managing director Shaun Bunn said the campaign had "significantly improved" the company's understanding of the scale, continuity and grades at Thomas.

Empire said the results would support a significant mineral resource estimate upgrade targeted for the third quarter of 2026 and provide the basis for future mine planning and engineering design studies.

At 0929 BST, shares in Empire Metals were up 6.64% at 37.75p.

Reporting by Josh White for Sharecast.com.

See latest RNS on Investegate
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new portfolio or transferring your portfolio from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.