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Terra Metals Limited (ASX:TM1)

ALERT: Price-sensitive ASX Announcement for TM1
Current share price for TM1 : $0.210 0.045 (27.27%)+
Announcement
Release
27 Oct 2025 9:45AM
Price at Release
$0.165
Full Release
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Summary
Terra Metals Limited, in its September 2025 Quarterly Report, highlights the completion of a maiden Mineral Resource Estimate for the Dante Project, revealing significant quantities of titanium, vanadium, copper, and platinum group metals. The company initiated a Phase 3 drilling campaign to expand resource potential with ongoing assays. A new titanomagnetite reef was discovered at the Southwest Prospect, emphasizing growth prospects within the Dante system. Financially, Terra Metals secured a $15 million placement to support resource expansion and project development, with a second tranche expected in November 2025.
Key Points
  • Maiden Mineral Resource Estimate for Dante Project: 148 Mt @ 14.8% TiO2, 0.54% V2O5, 0.18% Cu, 0.33g/t 3PGE.
  • Phase 3 drilling campaign initiated with 113 holes (~12,775 metres) already drilled.
  • New titanomagnetite reef discovery at Southwest Prospect.
  • Financial support through a $15 million placement.
  • Continued district-scale exploration upside.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.