Empire Metals

Empire Metals Limited is a mining development company advancing the Pitfield Titanium Project in Western Australia’s Mid-West region. The company holds a globally significant Mineral Resource Estimate of 2.2 billion tonnes at 5.1% TiO2 for 113 million tonnes of contained TiO2, positioning Pitfield as one of the largest and highest-grade titanium resources reported worldwide. 

The project is located 320 km north of Perth and 160 km southeast of Geraldton, providing direct access to export infrastructure including highways, rail, power substations, and natural gas pipelines. Empire Metals is listed on AIM (LON:EEE), OTCQX (EPMLF), and is planning an ASX dual listing in 2026, with a market capitalization of £215 million ($291 million USD) as of November 2025.​

Empire Metals offers a compelling investment opportunity in the strategic titanium sector, with Pitfield representing a generational asset capable of meeting future world demand over a multi-generational timeline. The project’s exceptional grade and continuity, combined with its advantageous mineral assemblage of high-purity TiO2 minerals (anatase and rutile containing 90% TiO2), positions it to supply premium feedstock for titanium pigment and metal markets. 

The in-situ weathered cap contains 1.3 billion tonnes at 5.2% TiO2 within 40-60 meters of surface, enabling low-cost mining without overburden, inter-burden, or blasting requirements. Metallurgical testwork has already achieved a high-purity final product grading 99.25% TiO2 with negligible impurities, suitable for titanium sponge metal or pigment production, with flotation recoveries of 77% in the rougher stage and 90% in the cleaning stage.​

Empire Metals is led by a seasoned management team with deep expertise across mining, processing, and corporate finance. Managing Director Shaun Bunn, a Perth-based metallurgist, brings extensive experience in international exploration, mining, processing, and development, with a successful track record managing projects through all development stages. 

Finance Director Greg Kuenzel is a Chartered Accountant with extensive experience in corporate finance and financial management for resources-focused AIM-listed companies, based in London. The Board includes Non-Executive Chairman Neil O’Brien, former SVP Exploration & New Business Development at Lundin Mining, and Phil Brumit, a veteran mining engineer with leadership positions at Freeport-McMoRan, Lundin Mining, and Newmont Corporation. 

Technical operations are guided by Exploration Manager Andrew Faragher, a former Rio Tinto Exploration Manager with over 25 years of experience, and Process Development Manager Narelle Marriott, former BHP Senior Process Engineer and Hastings Technology Metals General Manager.​

Empire Metals is executing a rapid development strategy focused on advancing Pitfield from discovery to production within 30 months, targeting pilot-scale production in 2026. The company plans to complete Thomas infill drilling in Q4 2025 and Cosgrove infill drilling in 2026, targeting Mineral Resource Estimate growth in 2026. Metallurgical studies on the in-situ weathered zone will continue through bulk testwork and flowsheet design, confirming low-cost processing routes and product options for the titanium metal supply chain. 

Preliminary engineering and economic studies are planned alongside industry engagement for pigment and sponge markets, leveraging the project’s Tier-1 jurisdiction status and strong government support through initiatives like the A$4 billion Critical Minerals Development Fund and the US-Australia Critical Minerals partnership.​

As of November 2025, Empire Metals maintains a strong cash position of £11 million, following a recent £7 million institutional raise announced on October 30, 2025. The company is a constituent of the AIM 100 Index with 710,893,221 shares on issue, trading at 30.20p on AIM and $0.41 on OTCQX, within a 52-week range of 5.50p to 84.00p. 

Empire owns Pitfield through a 70:30 joint venture structure, providing flexibility for strategic partnerships while maintaining operational control. The company is planning an ASX dual listing in 2026 to broaden its investor base and support project development activities, with multiple catalysts identified to unlock significant value as the project scales up.​

Empire Metals Limited stands at the forefront of titanium development with its flagship Pitfield Project, one of the largest and highest-grade titanium resources globally, positioned to supply critical high-purity feedstock to strategic markets. With a 2.2Bt resource base, proven metallurgical pathway to 99.25% TiO2 product, and pilot-scale production targeted for 2026, the company offers a unique investment opportunity in a sector facing supply constraints and geopolitical disruption. 

The combination of exceptional geology, Tier-1 jurisdiction, existing infrastructure access, and an experienced technical team creates a compelling risk-reward proposition as the company advances toward development studies and production. For investors seeking exposure to a strategic commodity with strong demand growth in aerospace, defense, energy, and medical applications, Empire Metals presents a de-risked pathway to becoming a significant titanium supplier while delivering sustainable shareholder value.​