Empire Metals (LSE:EEE) has announced results from a late-2025 diamond drilling campaign at its Pitfield Project in Western Australia, confirming a near-surface high-grade titanium dioxide zone at the Thomas Prospect. The programme comprised eight diamond drill holes totalling 745 metres and returned thick mineralised intervals grading above the current resource average. Several intercepts approached 10% TiO₂ within the weathered cap, generating valuable geological, geochemical and metallurgical data that will help strengthen resource confidence and guide future mine planning.
The company has now initiated a fully funded, large-scale drilling campaign for 2026, combining air core and reverse circulation methods. The programme is designed to complete 754 holes covering approximately 41,250 metres, with the goal of upgrading the Thomas resource to higher-confidence classifications while also expanding the Cosgrove resource. Drilling costs are being maintained below A$90 per metre, and the campaign is expected to conclude by mid-April, paving the way for an updated mineral resource estimate in the third quarter of 2026. Management believes the programme could significantly advance the Pitfield project toward development studies and strengthen Empire’s role within the global titanium supply chain.
The company’s outlook is constrained by its early-stage financial profile, including a lack of revenue, widening losses and increasing cash burn. However, technical indicators remain supportive, with the share price trending above major moving averages and showing positive momentum signals. Empire also maintains a relatively conservative balance sheet with low leverage, though valuation remains limited by negative earnings and the absence of dividend support.
More about Empire Metals
Empire Metals Limited is an AIM-listed and OTCQX-traded natural resources exploration and development company. Its flagship asset is the Pitfield titanium project in Western Australia, where the company is advancing the Thomas and Cosgrove prospects. The project targets large-scale, near-surface titanium mineralisation with the potential to support future mine development and resource expansion.
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