What is the McLaren Titanium Project?
An advanced heavy mineral sands project (E69/2388, E69/2386) with a JORC resource of 280 million tonnes @ 4.8% HM (~13.5 million tonnes), explored using 653 air-core holes (2009–2021) and an ongoing infill program.
What will the current drilling provide?
Approx. 40% of a 6,000 m air-core infill program has been completed (target: mid-April). Visible heavy minerals have been confirmed, samples collected for metallurgical tests, saline water-side pressure and gypsum deposits identified.
Which silica sand projects are there?
Four projects (Sparkler, Pink Bark, Esperance Sands, Cabbage Spot) in Western Australia, with a focus on premium silica sand for the glass and solar panel industry. The market value for pure SiO₂ sands is high.
What is the financial/share situation?
Market value is around AUD 2.8 million (≈ USD 1.8 million); weak sales (34 k AUD) and net loss (-1.4 M AUD 2023/24). No debt ratio. CEO Simon Finnis holds insider shares; capital supported by institutional support.
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