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Terra Metals Limited (ASX:TM1)

ALERT: Price-sensitive ASX Announcement for TM1
Current share price for TM1 : $0.215 -0.025 (-10.42%)+
Announcement
Release
26 Aug 2026 8:26AM
Price at Release
$0.240
Full Release
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Summary
Terra Metals Limited announced significant drill results confirming the extension of PGM-Cu-Ni mineralisation in the Southwest Main Sulfide Corridor. New assays from drillholes SWRD055 and SWRD057, along with SWDD018, further define the mineralisation's scale and continuity, with SWRD057 extending high-grade reef mineralisation by 360m. Notably, SWRD057 results show 392m of combined PGM-Cu-Ni mineralisation, reinforcing the geological model for the corridor. A total of 56,000m of drilling has been completed, with 32,000m pending assay results. The exploration focus is on delivering a maiden Mineral Resource Estimate, with ongoing drilling in newly cleared extensional and infill target zones.
Key Points
  • New assays from drillholes SWRD055 and SWRD057 define the scale, continuity, and grade distribution of the Southwest Main Sulfide Corridor.
  • The high-grade reef mineralisation extends approximately 360m along strike from previous drillholes.
  • Results from SWRD057 indicate more than 392m of combined PGM-Cu-Ni mineralisation across multiple intervals.
  • Approximately 56,000m of diamond and RC drilling has been completed, with 32,000m pending assay results.
  • Exploration is focused on delivering a maiden Mineral Resource Estimate at Southwest.
  • Drilling targets key extensional and infill zones, following heritage survey clearances.
  • SWRD055 results show approximately 329m of combined PGM-Cu-Ni mineralisation, confirming multiple high-grade reefs.
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.