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PTR Minerals Ltd (ASX:PTR)

ALERT: Price-sensitive ASX Announcement for PTR
Current share price for PTR : $0.089 -0.156 (-63.67%)+
Announcement
Release
19 Dec 2025 9:52AM
Price at Release
$0.245
Full Release
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Summary
PTR Minerals Ltd announced the completion of its maiden resource drilling program at the Rosewood project, consisting of 446 air core holes over 9,388 metres, confirming consistent, high-grade titanium mineralisation. The initial batch of assays has returned some of the best drill intercepts to date, such as 31 meters at 13.5% heavy mineral content. The project spans Rosewood East, fully owned by PTR, and Rosewood West, a joint venture with Narryer Metals. With assays and resource estimation underway, PTR anticipates announcing a maiden JORC Mineral Resource in the second quarter of 2026. The company is encouraged by the results, which suggest significant tonnages of high-grade titanium in the mineral resource estimate.
Key Points
  • Resource drilling completed at Rosewood with 446 holes over 9,388 metres.
  • High-grade heavy mineral (HM) mineralisation confirmed with intercepts over thick vertical intervals.
  • Notable drill results include 31m at 13.5% HM and 29m at 13.8% HM.
  • Rosewood East area is 100% owned by PTR, while Rosewood West is a JV with Narryer Metals.
  • Maiden Indicated and Inferred JORC Resource expected in Q2 2026.
  • Initial assays received for first 17 drill holes showing promising results.
  • PTR CEO expresses satisfaction with the timely completion of drilling and positive initial results.
  • Future work includes further HM assay updates and metallurgical test work.
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.