Empire Metals expands Pitfield titanium zone ahead of resource upgrade; raises £8m

Empire Metals Ltd (AIM:EEE, OTCQX:EPMLF) managing director Shaun Bunn tells Proactive's Stephen Gunnion that completion of the company's largest-ever drilling campaign — 35,000 metres — has further confirmed the scale of the Pitfield titanium system, with the high-grade zone at Thomas now extending over five kilometres. An upgraded mineral resource estimate is due in July, and Bunn is confident about what it will show: "I think people are going to be really pleased with the outcome, because it will greatly add to our already very significant mineral resource." The company is also nearing completion of metallurgical batch testing and will shortly publish a process flowsheet — a critical step in demonstrating a viable extraction pathway. A recent £8 million raise from existing institutional investors, giving Empire around £14.5 million in cash, will fund engineering studies and pilot-scale work as the project moves toward economic assessment later this year. For more videos like t...