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PTR Minerals Ltd (ASX:PTR)

ALERT: Price-sensitive ASX Announcement for PTR
Current share price for PTR : $0.088 -0.192 (-68.57%)+
Announcement
Release
3 Nov 2025 9:33AM
Price at Release
$0.280
Full Release
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Summary
Petratherm Ltd has commenced a resource drilling program at the Rosewood Titanium Project, which covers approximately 40 km². The program plans to drill over 400 air core holes totaling 8,000 meters, aiming to establish a maiden JORC Indicated and Inferred resource. The high-grade heavy mineral sands (HMS) zones have shown substantial exploration metrics. The drilling is expected to be completed by the Christmas break, followed by assaying. Concurrently, Petratherm is undertaking environmental baseline studies as part of the preparations for a potential future mining lease application.
Key Points
  • Resource drilling commenced at Rosewood Titanium Project.
  • The drill program aims to deliver a JORC Indicated and Inferred resource over a 40 km² area.
  • 400 air core drill holes totaling 8,000 meters planned.
  • Drilling expected to complete by Christmas with assays following.
  • Environmental assessment work initiated for future mining lease application.
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.