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Terra Metals Limited (ASX:TM1)

ALERT: Price-sensitive ASX Announcement for TM1
Current share price for TM1 : $0.210 -0.185 (-46.84%)+
Announcement
Release
4 Feb 2026 9:39AM
Price at Release
$0.395
Full Release
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Summary
Terra Metals Limited (ASX: TM1) has released a second round of assay results from resource upgrade drilling at Reef 2 (Hyperion) within the Dante Project, located in Australia. The results confirm the presence of extensive titanium, vanadium, platinum group metals, copper, and gold mineralization from surface level. This phase of drilling, comprising 15 reverse circulation drillholes and one diamond drillhole, shows a robust, stratiform reef system with broad mineralized envelopes and higher-grade internal zones. Some of the highest recorded metal grades at Reef 2 highlight significant upside potential. The ongoing drilling efforts are expected to yield more results, with over 50% of the 2025 resource upgrade drillholes yet to be reported, projecting a strong future for the Dante Project.
Key Points
  • Second round of assay results reported for Reef 2 (Hyperion).
  • Confirmation of thick, continuous titanium-vanadium-PGM-copper-gold mineralization.
  • 15 reverse circulation and 1 diamond drillholes were involved in the recent phase.
  • Broad mineralized envelopes contain higher-grade zones, indicating resource growth.
  • Highest individual metal grades recorded to date at Reef 2.
  • Significant upside potential in previously drilled areas.
  • More than 50% of resource upgrade drill results still pending.
  • Reef 2 is part of the Dante Project's pillar for scale and economic potential.
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.