Empire Metals Limited (LSE:EEE) has announced its strongest drilling results to date from the Thomas Prospect within the Pitfield titanium project in Western Australia, confirming the presence of a substantial high-grade titanium-rich core averaging 47 metres in thickness across an area of approximately 6.25 square kilometres.
The latest drilling programme included 178 air core and reverse circulation holes and delivered multiple mineralised intervals grading close to or above 8% TiO₂. Among the standout results was a two-metre section grading 21.44% TiO₂, further strengthening confidence in the scale and quality of the deposit while extending known mineralisation beyond the current resource boundaries.
Resource Upgrade Targeted for Third Quarter
The drilling campaign generated more than 5,000 laboratory samples, providing a significant volume of new data that will support an updated mineral resource estimate planned for the third quarter of 2026.
Management expects the revised resource to play a central role in future mine planning and engineering studies as the project advances towards development. The latest results are viewed as an important step in defining the overall scale of the Pitfield project and improving geological understanding of the mineralised system.
Development Activities Continue Across Pitfield
Grid drilling programmes have now been completed at both the Thomas and Cosgrove prospects, while additional exploration drilling has been undertaken across the broader project area to support resource definition and identify suitable locations for future infrastructure.
Empire Metals is progressing a range of technical workstreams designed to advance Pitfield towards development. These include engineering studies, ongoing pilot plant test work and product development programmes focused on coated rutile pigments and titanium sponge feedstock, both of which are expected to continue through late 2026.
Management believes the project has the potential to become a significant long-term source of titanium supply, serving industries that require titanium dioxide for pigments and titanium metal production.
Outlook
Empire Metals’ outlook remains influenced by its status as a development-stage company. The absence of revenue, continuing losses and ongoing cash expenditure mean the business remains reliant on future funding to support project advancement.
Market indicators also point to a challenging near-term picture, with the share price trading below major moving averages and momentum measures reflecting a broader downtrend. However, the company maintains a relatively low level of debt, providing some balance sheet stability as it continues to advance the Pitfield project.
Management believes that continued resource growth, technical progress and future development milestones could help unlock value as the project moves closer to commercialisation.
More about Empire Metals
Empire Metals Limited is an exploration and development company listed on AIM in London and quoted on the OTCQX market in the United States. The company focuses on the discovery and advancement of mineral resource projects, with a particular emphasis on titanium-bearing deposits.
Its flagship asset, the Pitfield Project in Western Australia, hosts extensive titanium dioxide mineralisation and is being developed with the objective of supplying raw materials for pigment production and titanium metal feedstock markets. Through ongoing exploration, resource expansion and technical development programmes, Empire aims to establish Pitfield as a significant future titanium resource.
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