top of page

Tusker Minerals – Building a Rutile Discovery Story in Cameroon & Malawi | Coffee with Samso

There are times when you revisit a story, and it just feels different.


This Coffee with Samso with Tusker Minerals Limited (ASX: TSX) and CEO Cliff Fitzhenry is one of those moments.


The last time we spoke in 2025, the narrative was still forming. This time around, you can see where things are heading.


The conversation is not about ideas anymore. It’s about execution. This is about the Tusker Minerals Rutile story.


In the words of Samso, get your favourite beverage and sit and listen to another great insight from Coffee with Samso.


Coffee with Samso - Episode 221 | Tusker Minerals Limited (ASX: TSK) | Cape Town - South Africa | Perth - Western Australia

Tusker Minerals' Rutile Story Has Moved – And It’s Now About Scale

What stood out early in the discussion is how much ground the company has covered — literally.

The Cameroon portfolio has grown into something meaningful:

  • The Central Rutile Project now sits at just under 9,000 km²

  • Additional licences have been added to create a contiguous footprint

  • Active exploration is ongoing across multiple targets

This isn’t a small exploration play anymore. When you start talking about this kind of landholding in a residual system, you are thinking in terms of province-scale potential.

And that’s really the angle here — not a single deposit, but the possibility of a new rutile province.


Samso Concluding Comments

The Tusker Minerals Rutile is still an early-stage story, but it is progressing, and the dust is settling, and I feel the narrative is clearer.

You can see what Tusker is trying to build — a rutile-focused exploration play with scale in Cameroon and optional upside in Malawi.

The infrastructure work in Cameroon is a big tick for me. That’s not something you do if you’re thinking short-term.

Zimba adds another layer. It’s early, but it has the right signs. If that turns into something meaningful, it changes the story again.

For now, this is about watching the results. If they start showing consistency, the market will catch up.



Chapters


00:00 Start


02:21 Introduction to Tusker Minerals Limited


06:09 Cliff - walking us through the latest ASX Release.


10:27 Can Tusker see any continuation of the mineralisation?


11:41 Is Malawi more a Titanium or a Rare Earth story?


12:42 How Do Tusker want potential investors to view its narrative?


14:39 The Titanium Market


16:17 Is Graphite still a component of the business?


17:55 Is the recent hostilities in the Middle East affecting operations?


19:40 Any competition in Cameroon?


20:56 Where does Cliff see the future value creation come from?


22:30 What thoughts of disasters would keep Cliff awake at night?


24:05 Why would investors look at Tusker Resources?


26:02 What is the Capital market saying about the Titanium market?


28:05 A Good reporting standard.


29:07 Conclusion



Tusker Minerals Operations

Cameroon – Where the Real Work Is Happening

Cliff was very clear on this. Cameroon is the focus.

What I like here is that they are not just poking holes in the ground and hoping for the best. They’ve gone a step further and set up the infrastructure to actually run the exploration properly:

  • In-country office

  • Local technical team

  • Heavy mineral sands laboratory in Yaoundé

That last point is more important than most people realise.

If you’ve worked in Africa, you know that logistics and assay turnaround can kill momentum. What Tusker has done is bring that process in-house — meaning faster results, better control, and importantly, reporting rutile percentages instead of generic heavy mineral numbers 

That tells me they are thinking ahead.

Malawi – The Surprise That Changes the Narrative

Then we get to Malawi.

The Mzimba project wasn’t originally pegged for rutile — it was lithium ground. But this is where having good people on the ground matters.

They saw the indicators:

  • Heavy minerals visible on surface

  • Right weathering profile

  • Correct host rocks

And the numbers backed it up:

  • Around 50% of samples above 1% TiO₂

  • Peaks up to 1.88% TiO₂ 

More importantly, mineralogy confirmed rutile, not ilmenite.

That’s the difference.

And keep in mind — they’ve only tested about 7% of the project area. That’s early days, but the signals are there.

The Samso Way – Seek the Research

Here at Samso, we pride ourselves on delivering content for investors that is independent and informed by over three decades of experience in the industry. Our content is well-researched and is only created if I see merit in discussing the company's story.

Our mission is simple: cut through the noise and spotlight what matters—genuine stories, grounded insights, and real opportunity.

Our content is well-researched and is only created if the team sees merit in discussing the company or concept. Investors can explore our three core platforms: 



There may be numerous paths to success in investing, but the common thread among successful individuals is that they remain committed to making informed decisions. Equip yourself with the right knowledge and tools, and you will be well on your way to achieving your financial goals.

Most importantly, investors need to be absolutely diligent in understanding their own risk-reward tolerance and capabilities. Never bite off more than you can chew. As they say, Rome wasn’t built in a day, and the Great Wall stood because it took centuries to complete.


Always read the announcement, understand the geology, and follow the development pathway before forming an investment view.

The Samso Philosophy:

Stay curious. Stay sharp. And remember—digging deeper always uncovers the real value.

In Life, there is no such thing as a Free Lunch.

Never bite off more than you can chew is my parting comment.

Happy Investing, and the only four-letter word you need to know is DYOR. 

To support our independent nature of our work, please head over to our Support Page and give us a helping hand in any of the ways listed. This is a new initiate for the Samso Platform, and it was always the concept of Samso when we started this journey in 2018.

Disclaimer

The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer.

Share to Grow: Your Bonus


Samso has just released an eBook: How to Add Value to your Share Portfolio



Download eBook | Samso Insights

If you find this article informative and useful, please help me share the information.  I try to write about topics that are interesting and have the potential to be of investment value.  It is not easy to find stories that fit those parameters. If you or your organisation sees the benefit of what Samso is trying to achieve and has a need to share your journey, please contact me at noel.ong@samso.com.au.


Samso is a trusted platform that equips dedicated investors with up-to-date industry knowledge and insights from top CEOs and thought leaders. By staying informed on business advancements and market trends, investors can enhance their financial decisions through a combination of expert guidance and their own research.





Comments


bottom of page