Capel Mineral Sands Project

Western Australia

  • Brownfield high quality ilmenite exploration and development project
  • Previously held by Tronox (NYSE:TROX), a global, vertically integrated producer of titanium dioxide and inorganic chemicals
  • 2,067m, ninety-five (95) hole, aircore drilling program completed in May 2024. Highlights include:
    • 4.9% HM over 6m from 15m downhole including 3m at 7.7% HM (CAP040)
    • 4.5% HM over 5m from surface (CAP060)
    • 3.4% HM over 7m from 16m downhole including 2m at 7.9% HM (CAP023)
    • 13.1% HM over 1m from 19m downhole (CAP002)
  • Multiple synergies with global mineral sands miners operating in the region