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Terra Metals Limited (ASX:TM1)

ALERT: Price-sensitive ASX Announcement for TM1
Current share price for TM1 : $0.250 -0.028 (-9.91%)+
Announcement
Release
1 Jul 2026 10:52AM
Price at Release
$0.278
Full Release
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Summary
Terra Metals Limited has announced impressive drilling results from the Southwest Discovery at their Dante Project, highlighting a substantial and continuous PGM-Cu-Ni sulfide system. The drilling has intersected broad intervals of mineralisation, confirming the system's large scale and continuity. Key findings include a 194m intercept grading 0.71g/t PGE3 and 0.11% Ni. The mineralisation is associated with a newly recognised ultramafic package and demonstrates significant exploration potential. Ongoing work will focus on expanding drilling, conducting geophysical surveys, and refining geological models to further define the scale and continuity of the mineralised system.
Key Points
  • Terra Metals Limited reports significant PGM-Cu-Ni sulfide mineralisation in the Southwest Discovery at the Dante Project.
  • Drilling confirms a thick mineralised system with potential for significant exploration upside.
  • Key intercepts include 194m at 0.71g/t PGE3 and 0.11% Ni from drill hole SWRD057.
  • Assays indicate mineralisation continuity and large-scale sulfide system potential.
  • Future work involves continued drilling, geophysical surveys, and geological model refinement.
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.