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Terrain Minerals Limited (ASX:TMX)

ALERT: Price-sensitive ASX Announcement for TMX
Current share price for TMX : $0.003 -0.001 (-25%)+
Announcement
Release
1 Jul 2026 8:18AM
Price at Release
$0.004
Full Release
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Summary
Terrain Minerals Limited has identified a significant rare earth element (REE) system at their Lort River Project, located in the Albany-Fraser Belt, Western Australia. The project demonstrates a promising light-rare-earth-dominant mineralization, with notable components of neodymium and praseodymium. Air-core drilling results have shown substantial intervals of total rare earth oxides (TREO) at significant depths, with heavy rare earth element (HREO) enrichment in certain zones. The low levels of uranium and thorium suggest low radioactivity, and an environmentally focused processing pathway is underway with support from the Western Australian Government. Further resource definition drilling is planned to expand upon these findings and define the project's potential.
Key Points
  • Significant rare earth element system at Lort River Project.
  • Light-rare-earth-dominant mineralization with neodymium and praseodymium.
  • Substantial intervals of TREO identified in air-core drilling.
  • HREO enrichment observed in specific zones.
  • Low uranium and thorium levels indicate low radioactivity.
  • Environmentally focused processing supported by Western Australian Government.
  • Further resource definition drilling planned.
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.