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Terra Metals Limited (ASX:TM1)

ALERT: Price-sensitive ASX Announcement for TM1
Current share price for TM1 : $0.250 -0.09 (-26.47%)+
Announcement
Release
10 Jun 2026 9:30AM
Price at Release
$0.340
Full Release
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Summary
Terra Metals Limited (ASX: TM1) reported the results of its first 2026 drilling campaign at the Southwest Prospect, part of the Dante Project in Western Australia. The drilling revealed significant high-grade platinum group metals (PGM), copper (Cu), and nickel (Ni) sulfide mineralisation across three drillholes: SWDD011, SWDD009, and SWRD051. Notably, SWDD011 intersected 150 meters of mineralisation, marking the highest grades of nickel, copper, and cobalt sulfides reported at Southwest to date. The ongoing campaign aims to define the scale and continuity of the Southwest sulfide system, with plans for additional assays and further drilling to expand and refine the resource. The Southwest Prospect is part of the Jameson Layered Intrusion, comparable to the Bushveld Complex in South Africa, with ongoing studies to understand its economic potential and guide future exploration and resource growth.
Key Points
  • First 2026 assays confirm high-grade PGM-Cu-Ni-Co mineralisation at Southwest.
  • SWDD011, SWDD009, and SWRD051 drillholes report highest nickel, copper, cobalt grades.
  • SWDD011 intersected 150m of PGM-Cu-Ni sulfide mineralisation.
  • Southwest Prospect part of Jameson Layered Intrusion, similar to Bushveld Complex.
  • Ongoing drilling to define scale, grade, and continuity of sulfide system.
  • Plans for economic studies on the future development of the Project.
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.