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Metals Australia Ltd (ASX:MLS)

ALERT: Price-sensitive ASX Announcement for MLS
Current share price for MLS : $0.017 -0.004 (-19.05%)+
Announcement
Release
18 Feb 2026 8:13AM
Price at Release
$0.021
Full Release
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Summary
Metals Australia Ltd (MLS) announced that their assay results have confirmed the high-grade nature of their Vanadium-Titanium-Magnetite (VTM) project at Manindi West in Western Australia. The drilling program showed significant intervals of high-grade mineralization, extending over a 1,200-meter strike length in the Discovery Zone, with true widths of 75 to 95 meters and vertical coverage extending to 260 meters below the surface. The central and southern sections of the zone highlighted high concentrations of Vanadium (V2O5), Titanium Dioxide (TiO2), and Iron (Fe). Metallurgical testing demonstrates strong potential for producing a high-purity TiO2 product, with the company focusing on achieving a ≥97% TiO2 grade. These results suggest the project's viability in producing a high-grade, marketable product that could attract premium pricing.
Key Points
  • High-grade Vanadium-Titanium-Magnetite (VTM) confirmed at Manindi West.
  • Discovery Zone extended over 1,200m with high-grade intervals.
  • Significant assay results include high V2O5, TiO2, and Fe concentrations.
  • Metallurgical testing shows potential for high-purity TiO2 production.
  • The true width of mineralization ranges from 75 to 95 meters.
  • Vertical depth of mineralization extends up to 260 meters below the surface.
  • Focus on producing =97% TiO2 grade product.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.