Tusker makes high-grade titanium discovery in Malawi; near-half soil samples exceed 1%

Tusker Minerals (ASX:TSK) has identified high-grade titanium mineralisation hosted predominantly by rutile across its Mzimba exploration licences in northern Malawi.

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The March CY26 discovery was made in a review of the company’s initial reconnaissance soil and rock chip sampling program, supported by XRF geochemical analysis and XRD mineralogical testing.

Tusker’s CEO, Cliff Fitzhenry, said the results represent an important early validation of the project’s prospectivity with 47% of soil samples returning around 1% titanium dioxide (TiO2), demonstrating strong near-surface titanium enrichment.

“We are very encouraged by these early-stage results from the Mzimba project. Initial reconnaissance sampling has returned strong TiO2 values across a relatively small portion of the licence area, with nearly half of the soil samples exceeding one percent, and peak assays reaching 1.88%,” Mr Fitzhenry said.

“Importantly, XRD mineralogical analysis confirms the titanium is hosted predominantly in rutile and, to a lesser extent, anatase, with no ilmenite identified in the analysed samples.”

The Mzimba area is underlain by rutile-bearing high-grade metamorphic rocks similar to those that host major residual rutile systems elsewhere in Malawi.

“With more than 700 sq. km of largely unexplored tenure, we see significant potential to expand these results as we advance follow-up sampling and auger drilling programs,” Mr Fitzhenry told shareholders today.

“Alongside exploration at our Central rutile project, Mzimba forms part of Tusker’s growing portfolio of highly prospective rutile exploration assets in Africa.”

He continued: “As global titanium demand accelerates in green technologies and high-performance industries, these assets strengthen our portfolio and offer substantial long-term value for shareholders.”

Tusker is now evaluating further exploration to systematically evaluate the scale potential of the Mzimba project through the year.

TSK is up +35.4%, selling at 8.8cps on Thursday.

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