Quarterly published 30 April 2025, see attached.
McLaren Titanium Project, WA
- $1.5M raised through Shortfall Placement to accelerate exploration and feasibility activities;
- 6,000m air core drilling program commenced 12 February 2025; ~40% complete by quarter end;
- Consistent intersections of visual heavy mineralisation;10m extension of mineral hosting sediments awaiting laboratory result confirmation;
- Metallurgical and analytical samples collected and dispatched;
- Pressurised saline groundwater and gypsum confirmed within tenement – potential operational benefits; and
- PFS remains on track for Q2 2025 delivery.
Updated drilling McLaren Titanium Project 26 May 2025
- McLaren Mineral Sands Managing Director, Simon Finnis, commented: “While we have not yet received any assays, phase 1 has delivered strong confidence to our team regarding this project. The most recent interpretation not only confirm the integrity of our geological model, but importantly, demonstrates the scale of the opportunity ahead. Defining substantial potential for mineralisation outside the current Resource boundary positions us well for future resource growth. We’ve also made solid ground operationally—drilling was completed on time, we’ve brought costs down, and we’re seeing strong local support. Taken together, these outcomes give us a great deal of confidence as we move toward the next phase of work and continue building long-term value for shareholders.”
## 192 drill holes completed for a total of 4,067 metres, on time and without incident
## Significant extensions of prospective sediments outside of currently known resource boundaries observed during drilling:
North extension: approximately 2,200m wide, avg. 14m thick (max 23m) Central zone eastern extension: 800m wide, avg. 20m thick (max 23m), Southern zone: 2,600m wide, avg. 10m thick (max 15m).
## Potential impact on the Mineral Resource Estimate will be evaluated as part of the PFS Resource update
## Metallurgical and geological samples submitted to IHC and Diamantina Laboratories
## Geological work has improved confidence in deposit morphology and is expected to reduce future drilling costs
Chart update:
Daily
Not holding
Kind regards
rcw1
