{
  "id": 1952156,
  "title": "Empire Metals shares jump as Pitfield titanium resource hits 8.2B tonnes",
  "url": "https://urgent.news/2026/08/19/empire-metals-shares-jump-as-pitfield-titanium-resource-hits-8-2b",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-19T12:58:00.000Z",
  "source": {
    "name": "Mining.com",
    "slug": "mining-com",
    "url": "https://www.mining.com/empire-metals-shares-jump-as-pitfield-titanium-resource-hits-8-2b-tonnes/"
  },
  "original_language": "en",
  "account": "Empire Metals (LON: EEE) shares surged over 13% on Wednesday following the disclosure of a significantly enhanced resource estimate for its Pitfield project in Western Australia. The management asserts that the upgraded mineral resource confirms the deposit as the world's largest titanium resource, boasting an impressive 8.16 billion tonnes grading 4.3% titanium dioxide. The resource estimate, which includes the Thomas and Cosgrove deposits, also establishes the Pitfield project's first measured resource, bolstering investor confidence as the company advances its mine planning and economic studies. \"The upgraded mineral resource estimate underscores the magnitude of this discovery,\" stated Empire's managing director, Shaun Bunn. The high-grade weathered zone, located near the surface, lends itself to efficient mining methods. The resource upgrade enhances Empire's confidence in the deposit's scale and geological continuity, with plans to transform it into a source of high-purity titanium dioxide for pigment and metal feedstock markets. Empire's next hurdle is demonstrating the economic viability of the enormous resource using the processing route it has developed. The company's resource now comprises 374 million measured tonnes grading 5.8% titanium dioxide, 3.65 billion tonnes indicated grading 4.3%, and 4.2 billion inferred tonnes grading 4.1%. At the Thomas deposit, 43% of the resource is now measured and indicated, with the remainder inferred, while at Cosgrove, 51% is indicated and the rest inferred. Empire envisions a conventional processing operation that will produce high-purity titanium dioxide for global markets, with existing rail connections to ports serving markets in Asia, the US, Europe, and Saudi Arabia. Empire's shares reached 51.9 pence in early London trading, reaching a market capitalization of nearly £377 million ($513 million) after the resource update. The first measured resource signifies a crucial step towards detailed mine planning and economic work, but Pitfield remains in the development stage, requiring further studies to convert its resource size, grades, and processing results into an economic development plan.",
  "summary": "The junior says its upgraded Western Australian resource confirms Pitfield as the world’s largest titanium deposit.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}