How McLaren Minerals’ Drilling and Metallurgy Boost McLaren Titanium Project
McLaren Minerals has completed a major drilling phase at its McLaren Titanium Project, uncovering significant extensions to mineralised zones and validating key processing methods. The company also secured $1.28 million in an oversubscribed capital raise to fund next-stage development.
- Phase 1 drilling completed with 192 holes over 4,067 metres
- Significant extensions to mineralised zones identified beyond existing resource
- Metallurgical testing confirms effective slimes management, reducing project risk
- Oversubscribed $1.282 million placement raised for PFS and resource updates
- Pending assay results to inform updated Mineral Resource Estimate
Drilling Milestone Expands Project Potential
McLaren Minerals Limited has marked a significant milestone in the development of its McLaren Titanium Project in Western Australia's Eucla Basin with the completion of its Phase 1 drilling program. Over the quarter ending June 30, 2025, the company drilled 192 holes totaling 4,067 metres without incident, adhering to schedule and safety protocols.
The drilling campaign revealed substantial extensions to mineralised zones outside the previously defined resource footprint. Notably, the northern zone spans approximately 2.2 kilometres wide with an average thickness of 14 metres, reaching up to 23 metres in places. The central-east and southern zones also showed promising widths and thicknesses, suggesting the deposit's scalability may be greater than earlier estimates indicated.
Metallurgical Advances Reduce Operational Risk
Complementing the drilling success, McLaren completed a comprehensive metallurgical test program focused on slimes management, a critical factor in mineral sands processing. Conducted in partnership with IHC Mining and SciDev, the tests confirmed that standard flocculants and gypsum effectively thicken and dewater slimes. Furthermore, co-disposal of slimes with coarse tails proved both efficient and stable under varying conditions.
This validation is a crucial step in de-risking the project’s operational strategy, supporting the final design assumptions for the Pre-Feasibility Study (PFS) and streamlining upcoming engineering work.
Capital Raise Supports Next Development Phase
In June, McLaren Minerals successfully raised $1.282 million through a two-tranche placement led by CPS Capital. The oversubscribed raise attracted strong interest from institutional and high-net-worth investors, reflecting confidence in the company’s strategic direction. Director participation of $150,000 is included in the second tranche, pending shareholder approval.
Funds from the placement will be allocated to completing the PFS, updating resource estimates, finalising assay analyses, and supporting general working capital needs.
Looking Ahead – Finalising Resource and Engineering Work
McLaren plans to finalise assay results in the coming quarter, which will feed into an updated Mineral Resource Estimate. Concurrently, the company aims to complete engineering design and the PFS, while continuing field and laboratory work to inform future development decisions. Investor and community engagement remains a priority as the project advances.
With these developments, McLaren Minerals is positioning the McLaren Titanium Project for a clearer path toward commercialisation, underpinned by robust geological data and validated processing techniques.
Bottom Line?
As McLaren Minerals prepares to update its resource and complete the PFS, investors will watch closely for assay results and shareholder approval outcomes that could shape the project's trajectory.
Questions in the middle?
- How will pending assay results impact the updated Mineral Resource Estimate?
- What are the implications if shareholder approval for director participation in the placement is delayed or denied?
- How might the confirmed slimes management techniques influence project timelines and capital expenditure?
