Distinctive Excessive-Grade Titanium Wealthy Heavy Mineral Sands Found Over Giant Space at Muckanippie

Petratherm Restricted (ASX: PTR) (“PTR” or “the Firm”) is happy to announce a high- grade heavy mineral sand (HMS) discovery at its Muckanippie Challenge space southwest of Coober Pedy in South Australia (Determine 1). Reconnaissance mapping and floor sampling together with assaying of historic drill core saved on the South Australian Authorities’s Core Library has recognized beforehand unknown high-grade Titanium mineralisation spanning many sq. kilometres at two prospect websites, Rosewood and Claypan.

Highlights

• Mapping, floor sampling, and re-assaying of historic drilling has found high- grade Titanium wealthy heavy mineral sands (HMS) over a number of kilometres on the Muckanippie Challenge.
• Distinctive pattern grades starting from 10% to 50% TiO₂ from two massive Prospect Areas. 79% of samples >10% TiO₂, with 28% > 30% TiO₂
• Titanium is on the crucial minerals record for Australia, US and EU and has makes use of in electrical automobiles and battery storage, wind expertise, pigments, and as an alloy in metal and superalloys.
• On the Rosewood Prospect, outcropping mineralisation extends over 9 kilometres West to East. Huge spaced drilling confirms HMS prolong not less than 6 kilometres to the North.
• Re-Assaying of Historic Rosewood drill intercepts embody:
  • CAR 39 – 20m @ 4.2% TiO₂ from 4m, together with 4m @ 9.1% TiO₂ from 4m
  • CAR 38 – 36m @ 4.0% TiO² from 0m, together with 6m @ 7.8% TiO₂ from 8m
• An accompanying Exploration Goal for the preliminary deliberate drill space over the Rosewood Goal highlights glorious upside potential.
• At Claypan Prospect, samples of the mineral sandstone horizons assaying >5% TiO₂ and as much as 31.5% TiO₂ have been traced over a 1.5 kilometre pattern earlier than passing beneath cowl.
• A historic drill gap, 6 kilometres South of Claypan outcrop, intersected the heavy mineral sand layer assaying 12.1% TiO₂, and underlying supply rocks have been intersected returned grades as much as 21.0% TiO₂ and 0.44% V₂O₅.
• A 4000-metre drilling program is scheduled to begin early October to check grade and extent of HMS mineralisation and high-grade Titanium-Vanadium basement horizons.

Latest outcrop samples recorded distinctive grades ranging between 10% and 50% titanium dioxide (TiO₂) (Desk 1 & 2). The mineralisation happens from or close to floor (

The Australian Authorities together with the USA, the European Union, India, Japan, South Korea and the UK designated Titanium as a crucial mineral for important fashionable applied sciences, economies and nationwide safety. Titanium has makes use of in electrical automobiles and battery storage, wind expertise, pigments, and as an alloy in metal and superalloys. The worldwide market dimension of titanium in 2022 amounted to twenty-eight.6 billion U.S. {dollars} and is forecast to develop over the approaching years, to almost 52 billion U.S. {dollars} in 2030¹.

An Exploration Goal for the Rosewood Prospect is outlined over the preliminary deliberate drill space and represents roughly 10% of the whole interpreted potential HMS space. The Rosewood goal and grade vary experiences:

Rosewood Exploration Goal (Part 1 – proposed drill program space)

Cautionary Assertion: The potential amount and grade of the Exploration Goal is conceptual in nature and there was inadequate exploration to estimate a Mineral Useful resource, and it’s unsure if additional exploration will end result within the estimation of a Mineral Useful resource

PTR Chief Government Officer, Peter Reid Commented:

“The Muckanippie Suite is a uncommon and extremely fertile layered intrusion, and this titanium discovery together with high-grade, excessive worth, titanium ores as heavy mineral sands has the potential to be transformational for the Firm.

“The mineralisation has been traced over a large-scale space and has important potential as massive tonnage direct cargo ore. The Adelaide to Darwin railway, situated simply 30 kilometres east of Muckanippie, gives low-cost entry to ports and international markets.

“The Firm seems ahead to drilling in October, which can develop on these important and thrilling findings to outline preliminary grades and extent of the mineralisation”.