InvestSMART

PTR Minerals Ltd (ASX:PTR)

ALERT: Price-sensitive ASX Announcement for PTR
Current share price for PTR : $0.096 -0.174 (-64.44%)+
Announcement
Release
30 Oct 2025 8:37AM
Price at Release
$0.270
Full Release
download
Summary
Petratherm Limited reported its activities and cash flow for the quarter ending 30 September 2025. The company focused on advancing the Muckanippie Critical Minerals Project in South Australia, notably the Rosewood Titanium Discovery. Significant drilling results expanded the high-grade mineralisation area, confirming the potential for a world-class titanium project. The company has earned a 70% interest in the EL 6715 tenement under a joint venture with Narryer Metals. Financially, Petratherm ended the quarter with $7.2 million in cash, spending $680,000 on exploration and evaluation and $562,000 on administration and corporate costs. The company plans to conduct additional drilling to progress the Rosewood project towards a JORC Resource level. Furthermore, a proposed name change to PTR Minerals Limited will be voted on at the upcoming Annual General Meeting.
Key Points
  • Muckanippie Project focus with significant titanium mineralisation
  • Rosewood East drilling results extended mineralisation over 40 km2
  • 70% interest in EL 6715 under joint venture with Narryer Metals
  • Quarterly cash ending at $7.2 million
  • Expenditure included $680,000 on exploration and $562,000 on administration
  • Upcoming drilling to develop Rosewood towards JORC Resource
  • Proposed company name change to PTR Minerals Limited
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.