## Petratherm Limited Discovers High-Grade Heavy Mineral Sands at Muckanippie Project
Petratherm Limited (ASX: PTR) is excited to announce a significant discovery of high-grade heavy mineral sand (HMS) at its Muckanippie Project area in South Australia. The discovery was made through reconnaissance mapping, surface sampling, and re-assaying of historic drill core samples stored at the South Australian Government’s Core Library. The newly identified high-grade titanium mineralization spans over a vast area at two prospect sites, Rosewood and Claypan.
### **Key Highlights of the Discovery:**
– Mapping, surface sampling, and re-assaying of historic drilling have revealed high-grade titanium-rich heavy mineral sands over several kilometers at the Muckanippie Project.
– Exceptional sample grades ranging from 10% to 50% TiO2 were found at the Rosewood and Claypan prospect areas, with 79% of samples exceeding 10% TiO2 and 28% exceeding 30% TiO2.
– Titanium, listed as a critical mineral by Australia, the US, and the EU, is crucial for electric vehicles, battery storage, wind technology, pigments, and alloy production.
– The Rosewood Prospect displays outcropping mineralization over 9 kilometers west to east, with drilling confirming the extension of HMS for at least 6 kilometers north.
– Re-assaying of historical Rosewood drill intercepts has shown promising results, including 20m @ 4.2% TiO2 and 36m @ 4.0% TiO2.
– An Exploration Target has been set for the initial planned drill area at the Rosewood Target, offering significant upside potential.
### **Future Plans:**
A 4000-meter drilling program is scheduled to commence in early October to assess the grade and extent of the HMS mineralization and high-grade titanium-vanadium basement horizons. The mineralization, occurring close to the surface, holds immense potential for direct shipment ore.
### **Titanium’s Economic Significance:**
Designated as a critical mineral for modern technologies and economies, titanium’s global market is projected to grow substantially in the coming years. Its versatile applications in various industries make it a valuable commodity in the market.
### **CEO Peter Reid’s Vision:**
Peter Reid, PTR’s Chief Executive Officer, expressed enthusiasm about the titanium discovery, emphasizing its transformative potential for the company. He highlighted the extensive area covered by the mineralization, indicating substantial tonnage potential for direct ore shipment. Access to global markets through the nearby Adelaide to Darwin railway further enhances the project’s prospects.
For more detailed information, you can access the [full ASX Release here](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02851221-2A1547727&v=fc9bdb61fe50ea61f8225e24ce041a0e155a9400).
### **Disclaimer:**
The article includes content from Petratherm Limited and is licensed for publication on Investing News Australia. It does not constitute financial product advice, and readers are advised to conduct thorough due diligence before making any investment decisions. Refer to the [full disclaimer here](#).
—
**References:**
1. Investing News Australia, “Petratherm Limited Discovers High-Grade Heavy Mineral Sands at Muckanippie Project,” August 2022.