- Tao Commodities (TAO) has increased its land holding at the Titan heavy mineral sands (HMS) project in Tennessee by over 40 per cent
- The company has entered into land option agreements with landowners around its current holdings, covering 900 acres of prospective territory
- The project now comprises around 3000 acres of the McNairy Sands geological formation, which is highly prospective for zircon and titanium
- Upon exercise of the exclusive option agreements, Tao will be able to enter into long-term leases for the ground and associated mineral rights
- Phase one drilling results — including samples from the new properties — will be delivered soon
- Tao Commodities ended the day trading down 5.56 per cent at 25.5 cents
Tao Commodities (TAO) has increased its land holding at the Titan heavy mineral sands (HMS) project in Tennessee by over 40 per cent.
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