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Titanium Sands ( (AU:TSL) ) has provided an update.
Titanium Sands Limited has announced significant progress on its Mannar Heavy Mineral Project in Sri Lanka, including the issuance of Terms of Reference for environmental studies, retention of high-grade zone licenses, and completion of funding with major shareholder support. The company is preparing for a promotional roadshow in Melbourne and Sydney to present the project to investors and brokers. With positive government support and robust financial projections, including a projected revenue of AUD$2.01 billion and a payback period of under two years, the project is advancing towards becoming a heavy mineral sands producer.
More about Titanium Sands
Titanium Sands Limited is a company operating in the mining industry, focusing on heavy mineral sands. Its primary project is the Mannar Heavy Mineral Project in Sri Lanka, which aims to extract valuable minerals from the sands. The company is working towards obtaining an Industrial Mining Licence and is engaging in discussions for offtake and joint venture partnerships.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$15.19M
For a thorough assessment of TSL stock, go to TipRanks’ Stock Analysis page.