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Terra Metals Limited (ASX:TM1)

ALERT: Price-sensitive ASX Announcement for TM1
Current share price for TM1 : $0.150 -0.045 (-23.08%)+
Announcement
Release
21 Jul 2026 8:30AM
Price at Release
$0.195
Full Release
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Summary
Terra Metals Limited announced outstanding drilling results from their Dante Project, specifically the Southwest Discovery, which revealed a large, continuous platinum-group-metal (PGM), nickel, and copper sulfide system. The drilling has identified the Southwest Main Sulfide Corridor with significant mineralized intervals, including a 448m thick interval from the SWRD051 drill hole, marking the broadest mineralized interval at the project. The mineralization is hosted within a newly recognized ultramafic package and remains open along strike and at depth. Ongoing exploration includes the use of five drill rigs and geophysical surveys to further define the system's potential, with a maiden Mineral Resource estimate targeted for late 2026.
Key Points
  • SWRD051 drill hole returned a 448m thick mineralized interval.
  • Southwest Main Sulfide Corridor defined over 950m of strike.
  • Mineralization remains open along strike and at depth.
  • Five drill rigs and geophysical surveys are ongoing.
  • A maiden Mineral Resource estimate is targeted for late 2026.
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.