Lanka poised for first independent bulk mineral sands export project

Sri Lanka, long known for its rich reserves of industrial minerals, is on the verge of a historic milestone as one ASX-listed company, Titanium Sands (ASX: TSL), edges closer to launching the country's first independent bulk export mineral sands project, said a report published by the Stokhead.

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The report by Jessica Cummins said that the project is set to transform the island nation's mineral sands industry, with the potential for significant economic benefits and long-term growth.

Titanium Sands' Mannar Island project is home to a massive 318Mt resource containing 4.17% total heavy minerals (THM), predominantly ilmenite. This high-value mineral, used mainly in the production of titanium dioxide (TiO2), plays an essential role in the manufacturing of a wide range of consumer products, including paints, fabrics, cosmetics, and advanced components for high-performance metal parts like aircraft engines. In recent years, its applications have expanded into green-energy technologies, such as advanced coatings for energy-efficient buildings and renewable energy solutions like solar panels and wind turbines.