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Petratherm Ltd ( (AU:PTR) ) has provided an update.
Petratherm Limited has announced successful results from its Phase 3 drill program, which significantly extends the high-grade heavy mineral (HM) mineralisation at the Rosewood Project and identifies a new mineralised zone at the Echo Prospect. The Rosewood Project’s high-grade mineralisation now covers an area of over 40 square kilometers, with the newly identified Echo Prospect extending 4.5 kilometers and remaining open along a 10-kilometer trend. These developments enhance Petratherm’s position in the titanium mineral exploration sector, providing multiple large-scale, high-grade HM systems that are open for further exploration.
More about Petratherm Ltd
Petratherm Limited is a company operating in the mineral exploration industry, focusing on the discovery and development of heavy mineral (HM) resources. The company’s primary market focus is on high-grade titanium mineralisation, particularly within the northern Gawler Craton of South Australia.
Average Trading Volume: 264,302
Technical Sentiment Signal: Buy
Current Market Cap: A$100.5M
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