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PTR Minerals Ltd (ASX:PTR)

ALERT: Price-sensitive ASX Announcement for PTR
Current share price for PTR : $0.093 -0.147 (-61.25%)+
Announcement
Release
17 Feb 2026 9:26AM
Price at Release
$0.240
Full Release
download
Summary
PTR Minerals Ltd has reported exceptional results from its Batch 3 resource drilling assays at the Rosewood Titanium Project, marking the best outcomes recorded to date. Significant drill intercepts include 33 meters at 15.7% heavy minerals from a depth of 10 meters. The company is on track to provide a maiden JORC Mineral Resource Estimate by the second quarter of 2026. So far, 446 air core drill holes have been completed, covering a 40 square kilometer area. The Rosewood project is located in the northern Gawler Craton of South Australia, and PTR owns the eastern area entirely, while the western area is a joint venture with Narryer Metals. The drilling results continue to expand the mineralised zone and show exceptionally high grades of titanium minerals, promising high recovery potential using conventional processing techniques.
Key Points
  • Batch 3 resource drilling assays from the Rosewood Titanium Project show best results to date.
  • Significant intercepts, including 33m @ 15.7% HM from 10m depth in drill hole 25RW214.
  • PTR Minerals aims to deliver a maiden JORC Mineral Resource Estimate by Q2 2026.
  • 446 air core drill holes completed, covering 9,388 metres over approximately 40km².
  • The Rosewood East Area is fully owned by PTR, while the West is a joint venture with Narryer Metals.
  • Drilling results expand the mineralised zone with exceptionally high grades.
  • Ongoing HM assaying and analysis will support the JORC-compliant resource estimate.
  • PTR Metals holds significant project holdings in South Australia's Gawler Craton.
  • Rosewood Project has high titanium mineral content, suggesting high recovery potential using gravity spiral processing.
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.