InvestSMART

Terrain Minerals Limited (ASX:TMX)

ALERT: Price-sensitive ASX Announcement for TMX
Current share price for TMX : $0.003 -0.001 (-25%)+
Announcement
Release
21 May 2026 8:18AM
Price at Release
$0.004
Full Release
download
Summary
Terrain Minerals Limited (ASX: TMX) is advancing the Lightning Gold Project, located in the Smokebush Project area within the Yalgoo Mineral Field of Western Australia, towards a Maiden 'Starter' Mineral Resource Estimate (MRE), targeted for July 2026. Recent activities include the completion of a Differential GPS drill collar survey ensuring spatial reliability of drill results, commencement of a topographic drone survey, and initial metallurgical sampling. A flora and fauna survey and haul road application are underway to expedite project approvals. A mining lease has been granted for the Lightning Prospect, indicating significant progress in their development efforts. This project is part of Terrain's broader strategy to de-risk the pathway to a robust resource statement, with updates expected as workstreams are finalized.
Key Points
  • DGPS drill collar locations survey completed for accuracy
  • Topographic drone survey commenced
  • Metallurgical sampling first pass conducted
  • Mining lease granted over Lightning prospect
  • Flora and fauna survey underway
  • Haul road application submitted
  • Systematic de-risking towards July 2026 resource statement
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.