Petratherm Limited (ASX:PTR) Confirms World-Class Titanium Potential at Rosewood
Drilling Results
Petratherm Limited (ASX:PTR) reported results from 45 drill holes at the Rosewood Heavy Mineral Sand Prospect, confirming titanium-rich mineralisation extends over at least 15 square kilometres and remains open in multiple directions. Notable intersections include 25m at 7.1% HM from 8m in hole 24RW005 and 28m at 13.6% HM from 10m in hole 24RW019.
Mineralisation Details
Mineralogy results indicate Rosewood HM sands contain over 95% valuable heavy minerals, primarily high-value titanium ores such as rutile and pseudorutile. The mineralised areas are open to the north, west, and east, with significant high-grade intercepts suggesting potential for additional mineralisation through further drilling.
Executive Comments
CEO Peter Reid stated, “These results confirm exceptional heavy mineral grade continuity and thickness over a very large area. Encouraging thick, high-grade mineralisation occurs right up to the extents of current drilling and we look forward to step out exploration drilling in the coming weeks, especially to the north, which has significant potential for additional mineralisation.”
Future Exploration
Petratherm plans to continue mineralogical and metallurgical assessments, including bulk heavy mineral sample collection for trial separation testing. Further drilling is scheduled to commence in approximately four weeks to test extensions of known mineralisation and obtain large-scale samples for metallurgical testing.
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