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PTR Minerals Ltd (ASX:PTR)

ALERT: Price-sensitive ASX Announcement for PTR
Current share price for PTR : $0.089 -0.211 (-70.33%)+
Announcement
Release
1 Oct 2025 9:21AM
Price at Release
$0.300
Full Release
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Summary
Petratherm Ltd, an Australian company focused on exploring copper and critical minerals, has successfully extended high-grade heavy mineral sands (HMS) mineralization at its Rosewood Prospect by drilling 60 holes totaling 1,796 meters. The exploration identified continuous mineralization over an area exceeding 40 km² and remains open for further expansion. A new significant mineralized zone, named Echo Prospect, has been identified approximately 4 kilometers northeast of Rosewood, extending over a 4.5 km northeast trend which is prospective along a 10 km trend. The company's Muckanippie Project continues to yield substantial titanium-bearing heavy mineral sands, demonstrating significant exploration potential within the Gawler Craton region of South Australia.
Key Points
  • Successful drilling at Rosewood extended high-grade HMS mineralization over 40 km².
  • New Echo Prospect identified northeast of Rosewood, extending 4.5 km.
  • Drilling included 60 holes totaling 1,796 meters at Rosewood.
  • Significant mineralization remains open for further exploration.
  • Petratherm's Muckanippie Project is highly prospective for titanium-rich HMS.
  • The company operates mainly in the Gawler Craton of South Australia.
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.