Yes, but it's primarily composed of titanite, as per their March 2024 metallurgical update;
"Titanite, a calcium titanium silicate, is confirmed as the most abundant Ti-bearing mineral, accounting for approximately 67% of the total contained TiO2 and making up around 20% of the potential Pitfield ore by mass."
Titanite has never been processed economically, yet comically their initial plan was to go straight to a pilot plant / avoid any scoping study, PFS or DFS. Read into that as you like!
They then pivoted and are now pursuing the 'weathered cap' which contains some Anatase, and have been conducting some further met. tests. It's all very OTT and excitable, and they haven't been able to raise any material funds in the 18 months or so since 'discovery'. I think it's a lifestyle company but of course I could be wrong.
It was a useful benchmark for me when I found PTR though, despite the rapid rise here it's still got a market cap only slightly above Empire, yet looks like it could be the real deal. Fingers crossed for those results in a few weeks.
PTR Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held
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