Empire Metals Limited NPV (DI) (EEE)

Sector:

Mining

Index:

FTSE AIM All-Share

30.40p
   
  • Change Today:
      0.40p
  • 52 Week High: 34.00
  • 52 Week Low: 5.60
  • Currency: UK Pounds
  • Shares Issued: 690.39m
  • Volume: 10,111,772
  • Market Cap: £209.88m
  • RiskGrade: 397
  • Beta: 0.01

Empire Metals progresses flowsheet development for Pitfield Project

By Josh White

Date: Thursday 13 Feb 2025

LONDON (ShareCast) - (Sharecast News) - Empire Metals reported progress in developing a processing flowsheet for its Pitfield Project in Western Australia on Thursday, with test work confirming the viability of extracting high-grade titanium dioxide from the mineralised weathered cap.
The AIM-traded firm said the results indicated that a combination of gravity and flotation techniques provided an effective method for producing an anatase-rich concentrate, which could be further upgraded through acid leaching.

It said the weathered cap, extending over 50 metres from the surface, had been found to be highly friable and amenable to low-cost scrubbing and desliming.

Titanium mineral separation was successfully achieved using froth flotation, with a subsequent acid-bake water leach process yielding a 91% titanium extraction rate.

Empire said it would now focus on optimising flotation conditions to improve recovery and testing cleaner-stage flotation to enhance concentrate grades.

The company said it saw the developments as a key step toward product development and commercialisation of the Pitfield titanium resource.

"I am extremely pleased to provide this update on the success of the ongoing metallurgical testwork and flowsheet development, which continues to gather great momentum," said managing director Shaun Bunn.

"The successful application of froth flotation to recover high-grade titanium dioxide minerals from the fines fraction of the weathered ore is an important step in designing an efficient and robust process flowsheet."

Bunn noted that the titanium dioxide minerals contained within the flotation concentrates "responded well" to the subsequent leaching stage, with titanium recoveries peaking at 91%.

"Looking ahead, the metallurgical testwork will now focus on testing various titanium product development options and will assess the purification and refining stages to determine the steps required to achieve a high-purity, high value titanium dioxide product."

At 1017 GMT, shares in Empire Metals were up 5.27% at 8.57p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

EEE Market Data

Currency UK Pounds
Share Price 30.40p
Change Today 0.40p
% Change 1.33 %
52 Week High 34.00
52 Week Low 5.60
Volume 10,111,772
Shares Issued 690.39m
Market Cap £209.88m
Beta 0.01
RiskGrade 397

EEE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
59.46% below the market average59.46% below the market average59.46% below the market average59.46% below the market average59.46% below the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average
Price Trend
99.87% above the market average99.87% above the market average99.87% above the market average99.87% above the market average99.87% above the market average
98.50% above the sector average98.50% above the sector average98.50% above the sector average98.50% above the sector average98.50% above the sector average
Income Not Available
Growth Not Available

EEE Dividends

No dividends found

Trades for 14-Jul-2025

Time Volume / Share Price
12:42 344,000 @ 31.00p
08:14 375,000 @ 29.50p
16:13 150,000 @ 30.50p
17:07 375,000 @ 30.40p
15:40 100,000 @ 30.77p

EEE Key Personnel

Finance Director Gregory Kuenzel ACA

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