From my understanding is that Century Minerals P/L has vended Pitfield tenements to Empire Metals Ltd and it found world class Ti discovery at Pitfield and co-owner of Century Minerals Mr Steve Hart is a HM specialist and worked for MD Dermot about 20 years ago. So my logic was that when Mr Steve Hart vended tenement Coorow E70/5999, it looked more reasonable that he (and his co-owner) could vended good or persuading tenement rather than likely useless or totally dud one.
Cautiously, as far as I know, company management of ENT could likely think that Coorow E70/5999 looked containing the southern continuation of the Yandannoka Basin sediments, which is the host of the Pitfield Ti discovery.
Please refer to company announcement:
(1) Enterprise Signs for Option Agreement Eneabba East Project (6 May 2024: replacement announcement)
(2) Eneabba East Project - Exploration Planning (18 June 2024)
Regards,
Ann: Entitlement Offer Prospectus, page-5
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