Titanium Sands Ltd. Stock Analysis TSL.AX

Titanium Sands Ltd. engages in the exploration and development of mining operations. The company is headquartered in Perth, Western Australia. The Company, through its local partners, Orion Minerals (Private) Limited, Sanur Minerals (pvt) Ltd and Kilsythe Investments (Private) Limited, are developing a high grade mineable heavy mineral sands project at Mannar Island, Sri Lanka. The Mannar Island Heavy Mineral Sands Project is located in Northwest Sri Lanka and is an ilmenite feedstock project with minor credits from other mineral components. The company holds five heavy mineral sands exploration licenses located in North West Sri Lanka on Mannar Island and the adjacent mainland coast. The exploration licenses include EL 370, EL 351, EL 425, EL 423, and EL 424. The company also has four renewal pending licenses including EL 180/R/3, EL 182/R/3, EL 371, and EL 372. The company is focused around Mannar Island, an island approximately 26 kilometers (km) long and six km wide, and 140 square kilometers in area, joined to the mainland shore by road and rail connections over a short causeway.