PTR Minerals AGM Chairman Address Covers Rosewood 463Mt Mineral Resource and Board Overhaul

Anjali Anand

12 November 2026 10:57 AM AEDT

PTR Minerals AGM Chairman Address Covers Rosewood 463Mt Mineral Resource and Board Overhaul

Image Source: Krish Capital Pty Ltd

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PTR Minerals (ASX:PTR) delivered its 2026 Annual General Meeting Chairman's address on 12 November 2026, disclosing a Maiden Mineral Resource Estimate of 463Mt at 8.8% Heavy Mineral for the Rosewood deposit at its Muckanippie Project, alongside a series of board and management changes including a search for a new Chairman.

Key Points

Maiden Mineral Resource Estimate for Rosewood published at 463Mt at 8.8% Heavy Mineral, containing over 40Mt of Heavy Mineral
High-grade zones grading 15–17% HM identified within the Rosewood orebody; hydrogeological drilling intersected water-bearing palaeochannel aquifers at all three targets tested
Craig Vadeikis appointed as Consulting Metallurgist; Colin Bwye welcomed to the Board as Non-Executive Director; Rob Sennitt has assumed the role of Managing Director
Current Chairman has commenced a search for a new Chairman to replace him; Simon O'Loughlin to stand down from the Board at end of year; Peter Reid to move from CEO to Chief Operating Officer

Rosewood Maiden Mineral Resource and Scoping Study Progress

PTR Minerals disclosed that the Maiden Mineral Resource Estimate for Rosewood at the Muckanippie Project stands at 463Mt at 8.8% Heavy Mineral, containing over 40Mt of Heavy Mineral. According to the filing, all mineralisation occurs within a single, large, coherent orebody close to surface, described as suitable for conventional open pit mining. The company stated that a preliminary mine optimisation and scheduling study identified high-grade zones grading 15–17% Heavy Mineral, with the ability to access these zones early in the mine life noted as a potential operational consideration. The Scoping Study's principal technical workstreams were described as substantially complete.

Metallurgical Test Work and Hydrogeological Drilling Results

Recent metallurgical test work disclosed in the filing showed that a high-quality titanium product can be produced using conventional separation technologies. The company stated that the nature of the ore provides flowsheet flexibility, with both wet and dry processing options currently being evaluated. First product samples have been produced and sent to potential customers for evaluation, with feedback described as critical for defining the product and process flowsheet. The filing also disclosed that hydrogeological drilling intersected water-bearing palaeochannel aquifers at all three targets tested, identifying potential groundwater sources to support proposed mining and processing operations.

Board and Management Changes at PTR Minerals

The filing disclosed several board and management changes. Colin Bwye has joined the Board as a Non-Executive Director, bringing experience in mineral sands development. Rob Sennitt has assumed the role of Managing Director, having previously served as Managing Director of Mineral Deposits Limited. Donald Stephens stepped down as a Non-Executive Director earlier in the year. Simon O'Loughlin has decided to stand down from the Board at the end of the year. The current Chairman disclosed that a search for a new Chairman has commenced. Peter Reid is to move from the role of CEO to Chief Operating Officer, also taking on leadership of the company's copper initiative. Craig Vadeikis has been appointed Consulting Metallurgist, replacing the late Vic Bruinsma.

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