Empire Metals Begins Record Drilling Campaign to Expand Pitfield Titanium Resource

Empire Metals (LSE:EEE) has initiated its most extensive drilling programme to date at the Pitfield titanium project in Western Australia. The fully financed campaign is designed to grow and upgrade the existing Mineral Resource Estimates at the Thomas and Cosgrove prospects.

The programme will utilise three air-core rigs alongside two reverse circulation rigs, targeting 754 drill holes for a total of 41,250 metres. Completion is expected by mid-April, with revised resource estimates scheduled for release in the third quarter of 2026.

At Thomas, the focus is on lifting the proportion of Measured and Indicated resources, while at Cosgrove the objective is to materially expand the current 430 million tonne resource base. Drilling is concentrated on shallow, weathered zones that have previously returned strong TiO₂ grades. By extending coverage from under 20% of the known mineralised footprint to roughly 60–70%, Empire aims to refine its understanding of the project’s overall scale, advance mine planning and technical studies, and reinforce Pitfield’s status as a globally significant titanium asset.

From a financial perspective, the company remains pre-revenue and continues to report widening losses and rising cash outflows. However, the balance sheet carries minimal leverage, providing some resilience. Share price momentum has been positive, with the stock trading above major moving averages and supported by a constructive MACD signal, though valuation remains constrained by negative earnings and the absence of dividend support.

More about Empire Metals

Empire Metals is a natural resources exploration and development company listed on London’s AIM market and the OTCQX in the United States. Its flagship asset, the Pitfield Titanium Project in Western Australia, hosts one of the largest and highest-grade titanium Mineral Resource Estimates globally, totalling 2.2 billion tonnes at 5.1% TiO₂. The project is positioned to benefit from rising international demand for titanium-related products across industrial and advanced manufacturing applications.