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- Tao Commodities (TAO) has expanded mineralisation to over 3.6 kilometres at the Titan Project in Tennessee, U.S.
- Tao recently drilled nine holes under a phase two program to highlight the Titan Project’s potential for total heavy minerals such as titanium and zircon
- Now, Tao is half-way through a phase three program, which will support a maiden mineral resource estimate expected to be released next quarter
- The company has also said bulk sampling work in Florida is progressing well
- The sampling program aims to produce products for potential customers, begin flowsheet development for a scoping study and support the mineral resource
- Excitingly, Tao is well-positioned to satisfy the United States’ growing demand for critical minerals as it transitions to having a self-reliant local supply chain
- Tao is down 4.26 per cent with shares trading at 90 cents
Tao Commodities (TAO) has received results from phase two drilling at the Titan Project in Tennessee, U.S.
The Titan Project covers almost 3900 hectares of properties that are highly prospective for critical minerals such as titanium, rare earth minerals, high-grade silica sand and zircon.
The phase two program included nine sonic drill holes which aimed to expand mineralisation discovered in the first phase of drilling.
Pleasingly, all nine holes returned thick zones of high-grade total heavy minerals (THM) which have expanded mineralisation at the Titan Project to over 3.6 kilometres of strike.
Best results include 36.6 metres at 3.37 per cent THM including 12.2 metres at 7.65 per cent THM, 41.1 metres at 2.14 per cent THM including 9.1 metres at 5.55 per cent THM, and 33.5 metres at 2.21 per cent THM including 12.2 metres at 5.64 per cent THM.
“I am extremely pleased with the results from the Titan Project in west Tennessee and at the progress made by the team on the ground in proving out the potential for a critical mineral rich province in the U.S.,” Managing Director Anastasios Arima said.
Tao is now progressing phase three drilling and bulk sample test work, which is being conducted at Mineral Technologies’ pilot plant in Florida.
About 50 per cent of the phase three drilling program has been completed. The 70-hole program is designed to infill areas defined in the last two phases to support a mineral resource estimate. The maiden resource is expected to be completed late in the second quarter.
In terms of the bulk sampling program, three 500-kilogram samples were sent to the Florida-based lab.
This work aims to produce products for potential customers and strategic partners, to provide material for further test work, to begin flowsheet development for a scoping study and to compile data to support the mineral resource.
Excitingly, Tao is well-positioned to satisfy the United States’ growing demand for titanium, zircon and rare earth minerals as it transitions to having a more resilient and secure local supply chain.
Tao is down 4.26 per cent with shares trading at 90 cents at 2:04 pm AEDT.
