Petratherm Ltd

Via Small Caps Petratherm to fast-track Muckanippie titanium project after raising $8m Petratherm Ltd has received strong market backing for its plans to accelerate development of its Muckanippie titanium-heavy mineral sands (HMS) project in South Australia. Existing and new investors including several funds and institutions have strongly supported a new capital raising that will add $8 million through a placement at an issue price of $0.22 per share. Directors and management also committed to a total of $272,000, with director participation of $220,000 subject to shareholder approval. Read the full article: https://loom.ly/RClfPPY #Petratherm #PTR #MiningNews

via Stockhead An $8.1m capital injection from investors has provided a funding boost to Petratherm Ltd’s #drilling plans at the Muckanippie titanium HMS project in South Australia. The placement was strongly supported by existing and new investors, including several funds and institutions with directors and management contributing a total $270,000, subject to shareholder approval. Over the past six months #PTR has rapidly advanced the Muckanippie project but in the last four weeks alone, the company has announced drilling results which confirmed high-grade, #titanium-rich Heavy #MineralSands (HMS) mineralisation extending over a 15km² area at the Rosewood prospect, reported a new style of extremely high-grade HM mineralisation within saprolitic clays at several other sites, and posted positive results from HM sizing analysis from representative samples at Rosewood. Read more: https://loom.ly/6026Qzs #ASX #Petratherm #Exploration

Via MiningNews.net Petratherm steels itself for Muckanippie with raising Petratherm Ltd's emerging and unique Muckanippie #titanium heavy mineral sands project in South Australia's Gawler Craton has enticed A$8.1 million in new funding from investors. #PTR has just wrapped up a placement priced at 22c supported by a mix of existing and new investors, including several funds and institutions, with $270,000 from Petratherm's directors and management. The cash will be used to accelerate #drilling at Muckanippie, with infill and extensional work at the main Rosewood discovery and then at other targets within the surrounding area, where the company has found a new style of extremely high-grade HM mineralisation within saprolitic clays. Read the full article: https://loom.ly/6sCtgrY

Petratherm Ltd's exploration #drilling in greenfield areas, away from the Rosewood Heavy #MineralSands Discovery has identified a new style of #Titanium Rich Heavy Mineral (HM) Mineralisation hosted in Saprolite Clay. Trial Heavy Mineral separation tests returned exceptional, thick, high-grade results from all four holes tested. Drill intersections returned: o Nardoo Prospect: 24ND003 - 44m @ 29.4% HM from surface to end of hole. o Duke Prospect: 24DK004 - 61m @ 19.7% HM from surface to end of hole. o Claypan Prospect: 24CP009 – 45m @ 27.0% HM from 6m. and 24CP004 – 48m @ 23.5% HM from 10m to end of hole. This style of mineralisation, hosted in saprolite, has the potential to be mined and processed using similar methods to standard HMS Mining Operations. Discover more: https://loom.ly/ziH9D1w #ASX #PTR #Petratherm #exploration #mining

#ASXNews Successful $8.1 Million Placement Boosts Funding to Expedite Muckanippie Titanium HMS Project Petratherm Ltd is pleased to advise that it has received firm commitments to raise $8.1 million (before costs) through a share placement at $0.22 per share (the “Placement”). The Placement was strongly supported by existing and new investors, including several funds and institutions. Directors and management have committed to contribute a total of $272,000, with Director participation of $220,000 subject to shareholder approval. • Petratherm has received firm commitments to raise $8.1 million by way of a placement of new shares to existing and new investors, including several funds and institutions. • Proceeds of the placement to be used to rapidly advance the Muckanippie #Titanium HMS Project. • Drilling scheduled to commence within two weeks, focussing on both extension and infill at the Rosewood Prospect plus testing new titanium targets within Muckanippie Project. Chief Executive Officer Peter Reid commented: “We are extremely pleased with the strong support for the Placement, which places Petratherm in a well-funded position to advance the exciting potentially world class Muckanippie Titanium HMS Project. “The Rosewood Prospect at Muckanippie has successfully demonstrated high-grade HM mineralisation over a continuous 15km² area which remains open for expansion in multiple directions. Concurrently, we have also received excellent results from first pass mineralogy and particle sizing, indicating the presence of high value minerals with potential for conventional processing. “Phase 2 #drilling is commencing this month and will be rapidly pushing forward on all aspects of exploration and mineral and metallurgical analysis to continue advancing the project quickly.” Read more: https://loom.ly/JdPQGlQ #ASX #PTR #Petratherm

Petratherm Ltd is pleased to be a presenter at AMEC (Association of Mining and Exploration Companies)'s SA Investor Briefing event next Tuesday, 11 March at 4pm – 5:30pm ACDT held at the Gallery Adelaide, 30 Waymouth St, Adelaide. #PTR CEO, Peter Reid looks forward to presenting the Company's latest and upcoming news, and connecting with the investment community. Register here: https://loom.ly/9OI_n7Y #ASX #Petratherm #Mineralsands #titanium #exploration

#ASXNews Rosewood Heavy Mineral Size Analysis Delivers Another Positive Step in Project Advancement Petratherm Ltd is pleased to announce first results from Particle Size Distribution (PSD) testwork on Heavy Mineral (HM) concentrates from the Rosewood Prospect. Previously the Company has reported highly encouraging heavy mineral drill intercepts over a continuous 15km² area which remains open. Initial mineralogy results from the east Rosewood area have additionally indicated HM sands with >95% Valuable Heavy Mineral content, composed primarily of high value titanium minerals – rutile product (high-titanium leucoxene and rutile) and pseudorutile. The sizing analysis work presented herein is another critical step forward for the project. • Heavy Mineral (HM) sizing analysis results deliver another significant milestone for Rosewood Project advancement. • Initial sizing work from representative samples has confirmed that 90% of the HM concentrate is greater than 75 microns in size and that the median (P50) grain size is very coarse at 279 microns. • These results confirm the Rosewood HM is coarse grained and highly amenable to produce excellent mineral recoveries using conventional gravity spiral processing techniques. • Further benchtop and small-scale HM studies are underway, including mineral separation and optimisation of processing. • Phase 2 exploration #drilling to commence from mid-March 2025, to extend HM mineralisation at Rosewood, conduct infill drilling and obtain bulk HM samples for metallurgical studies. #PTR CEO, Peter Reid, commented: “We are extremely pleased to deliver another fantastic step forward in advancing Rosewood at the Muckanippie Project. The heavy mineral particle sizing confirms that the heavy mineral concentrate is coarse grained and likely to be highly amenable to traditional processing techniques using wet spiral concentrators. “It’s amazing to think that barely six months ago we were undertaking our first mapping project on Muckanippie and now we have advanced to the point of having demonstrated high-grade HM mineralisation over a continuous 15km² area which remains open for expansion. Concurrently we have demonstrated excellent results from first pass mineralogy and particle sizing with further testwork underway. “We will be drilling again this month and will be rapidly pushing forward on all aspects of exploration and mineral and metallurgical analysis to continue advancing the project quickly.” Read More: https://loom.ly/BZ1suz8 #ASX #Petratherm

#ASXNews Petratherm Ltd will be placed in a trading halt with respect to the Company’s securities quoted on the ASX immediately. The trading halt should remain in place until the earlier of the release of an announcement by #PTR in relation to capital raising initiatives, or the commencement of normal trading on Friday, 7 March 2025. Full announcement: https://loom.ly/VZh0l-Q #ASX #Petratherm

Last week, Barry van der Stelt, Petratherm Ltd’s Exploration Manager, was pleased to deliver a presentation at the 2025 RIU Explorers Conference in Fremantle. Barry provided an overview of #PTR's portfolio of projects and gave an update on the Company's encouraging high-grade heavy mineral sands discovery at its Muckanippie Project area in South Australia. Watch the presentation: https://loom.ly/wqqhd2A View the presentation: https://loom.ly/16MzlR4 #RIUExplorers #ASX #mineralsands #titanium #exploration

Barry van der Stelt, Exploration Manager at Petratherm Ltd joined ausbiz to discuss the company's recent discovery of a new type of high-grade #titanium mineralisation in South Australia. Barry further explains that titanium is used across various industries, from paint to aerospace and medical and continues to say that the project shows a promising range of high-value titanium minerals that could support large-scale production, and that the discovery is already boosting #PTR's prospects. Watch the interview: https://loom.ly/eHUojO8 See the latest announcement: https://loom.ly/ziH9D1w #ASX #Petratherm #mineralsands #exploration