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Titanium Sands drilling towards another resource update at Mannar

TSL reflects on a busy March quarter that featured a material resource upgrade at its heavy mineral sands project.

Screenshot from Proactive interview with company MD
The company has released its March quarterly report today

Titanium Sands Ltd (ASX:TSL) remains busy at its flagship Mannar Heavy Mineral Sands Project in Sri Lanka.

In February 2019, the company revealed a significant resource upgrade to 53.08 million tonnes grading 6.67% total heavy minerals representing a 300% increase.

WATCH: Titanium Sands to ramp up drilling at its Mannar project after acquiring new rig

Drilling recommenced on the Mannar project in March with the aim of producing a further resource update in mid-2019.

Furthermore, work has also commenced during the March quarter on a scoping study that will address all aspects of the project including operating and capital estimates and potential offtake markets.

READ: Titanium Sands preparing resource update at Sri Lankan mineral sands project

The drilling underway will test extensions to the current resource, infill drill high-grade portions of the resource, and test new target areas.

The scoping study underway is anticipated to take up to 12 months to complete with metallurgical components of the study now commenced.

Updates on the completion of various components of the scoping study are expected be released to the market.

Proactive spoke to managing director Dr James Searle earlier this month about the titanium sands company's relisting on the ASX last December.

Quick facts: Titanium Sands Ltd

Price: 0.019 AUD

ASX:TSL
Market: ASX
Market Cap: $12.07 m
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Watch

Full interview: Titanium Sands' James Searle updates on new land acquisition...

Titanium Sands Ltd's (ASX:TSL) managing director James Searle tells Proactive London's Andrew Scott they've completed the technical and corporate due diligence relating to the acquisition of a high-grade tenure adjacent to its Mannar Island Project in Sri Lanka. Searle also updates on the...

on 7/10/19

2 min read