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Terra Metals Limited (ASX:TM1)

ALERT: Price-sensitive ASX Announcement for TM1
Current share price for TM1 : $0.190 -0.035 (-15.56%)+
Announcement
Release
20 Aug 2026 8:00AM
Price at Release
$0.225
Full Release
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Summary
Terra Metals Limited announced a significant extension of the Southwest PGE-Cu-Ni system at the Dante Project. Diamond drilling has extended the Main Sulfide Corridor by 150 meters, achieving a total strike length of more than 1,100 meters. This expansion increases the potential scale of the mineralized system, which remains open along strike and depth. The company completed heritage surveys, enabling further exploration and resource definition drilling. Key drill results include substantial intercepts such as 275m at 0.91g/t PGE3 and 114m at 0.95g/t PGE3, with high-grade zones yielding over 2g/t PGE3. The ongoing drilling campaign involves five rigs, with over 52,000 meters of drilling completed, and further assay results expected later this year.
Key Points
  • Diamond drilling extended the Southwest Main Sulfide Corridor by 150 meters.
  • Total strike length now exceeds 1,100 meters.
  • Heritage surveys completed, new areas opened for drilling.
  • Substantial intercepts include 275m at 0.91g/t PGE3 and 114m at 0.95g/t PGE3.
  • High-grade zones exceed 2g/t PGE3.
  • Five drill rigs operational with over 52,000 meters drilled.
  • Further assay results expected throughout the calendar year.
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.