Petratherm Discovers High-Grade Titanium Mineralization at Muckanippie

Petratherm Limited (ASX: PTR) has announced promising results from its greenfields exploration drilling at the Muckanippie Project in South Australia. The drilling uncovered a new style of high-grade titanium-rich heavy mineral (HM) mineralization hosted in saprolite clay. Key prospects—Nardoo, Duke, and Claypan—returned significant intercepts, with mineralization starting from or near the surface and extending to depths of 40-60 meters.

Initial separation tests confirmed a high-grade ilmenite-dominant composition, suggesting potential for open-pit mining. The discovery spans a 16-kilometer magnetic trend, indicating large-scale resource potential. Petratherm plans further drilling and metallurgical studies to assess the viability of mining operations.

The project aligns with Australia's strategy for securing critical minerals, as titanium is on the country’s Critical Minerals list. The Muckanippie discovery, alongside the Rosewood HMS find, strengthens Petratherm’s position in the sector, offering potential for a substantial domestic supply.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com