PTR Minerals discovers groundwater at Rosewood Project

• PTR Minerals confirmed water-bearing aquifers at all three paleochannel targets tested during drilling at its Rosewood Titanium Project.
• The discovery provides vital groundwater sources needed to support gravity-based processing operations for future mining.
• The company completed a four-week hydrogeological drilling programme following a successful Native Title Heritage Survey.

PTR Minerals (ASX:PTR) has identified groundwater sources during drilling at its Rosewood Titanium Project to support potential future mining operations.

The discovery follows the completion of a Native Title Heritage Survey, which cleared the way for a four-week hydrogeological drilling programme across the target site.

The company did not include an executive quote in the market announcement.

Workers installed five groundwater monitoring wells for baseline environmental studies alongside cased test and observation wells at two sites for future pump testing.

Following the announcement the PTR Minerals share price was unchanged at $0.10.

The South Australia-focused exploration business is advancing mineral sands, copper, gold, and rare earth elements across its project holdings.