Empire Metals Ltd Reports Significant Drilling Success
Empire Metals Ltd, a mineral exploration and resource development company based in London, has announced remarkable results from its latest drilling campaign at the Pitfield Project in Western Australia. The company, which specializes in copper and gold resource development, has reported outstanding assay results, highlighting a large, high-grade zone rich in titanium dioxide (TiO₂).
The drilling campaign, focused on the in-situ weathered cap at the Thomas Prospect, has yielded some of the highest TiO₂ grades recorded to date. Notable intercepts include:
- 44 meters at 7.87% TiO₂ from the surface (AC25TOM159)
- 50 meters at 7.84% TiO₂ from 4 meters (AC25TOM130)
- 54 meters at 7.41% TiO₂ from the surface (AC25TOM118)
These results are expected to underpin the company’s maiden JORC-compliant Mineral Resource Estimate (MRE), marking a significant milestone for Empire Metals Ltd.
Financial Overview
Empire Metals Ltd is listed on the London Stock Exchange and trades on the AIM and OTCQB markets. As of August 17, 2025, the company’s close price was 35 GBP, with a 52-week high of 36 GBP and a low of 5.5 GBP recorded on December 1, 2024. The market capitalization stands at 203,670,000 GBP. However, the company’s price-to-earnings ratio is currently at -51.718, reflecting its status as a development-focused entity with no earnings.
Market Activity
On August 18, 2025, Empire Metals Ltd was among the 10 most heavily traded shares on the interactive investor platform. The company saw 55% of its trades as buy trades, indicating a positive investor sentiment following the announcement of the drilling results.
Empire Metals Ltd continues to focus on its core activities in copper and gold resource development, with the recent drilling success at the Pitfield Project potentially enhancing its portfolio and market position.