Empire Metals Ltd's house broker SP Angel says it is too early to guess the value of the titanium at its Pitfield project in Western Australia, but the scale of the finds so far is impressive.
In a note, the broker said: “The scale of the potential titanium deposit looks unlike anything we have seen before with a strike extent of 30km and a 5km deep keel identified by coincident magnetics and gravimetric geophysical surveys".
This week, Empire reported more wide intercepts of titanium though the company believes there remains the potential for alternative mineralised deposits on the project, including copper, gold and nickel.
SP Angel also said it is interested in the other metals, such as copper, that the hot mineralised fluids which formed this massive hydrothermal metal system might have carried and deposited across the district.
Pitfield is potentially one of the world’s district-scale sediment-hosted metal deposits, the broker added.
“Many of the world’s major mining camps are built on giant sediment-hosted hydrothermal metal systems with Pitfield showing similar characteristics.
“Examples are the Central African Copper Belt, Athabasca Basin Uranium in Saskatchewan Canada, Red Dog Zinc-Lead District in Alaska, and the Carlin Gold Belt in Nevada.”