InvestSMART

Terrain Minerals Limited (ASX:TMX)

ALERT: Price-sensitive ASX Announcement for TMX
Current share price for TMX : $0.004 0.001 (16.67%)+
Announcement
Release
21 Aug 2026 8:02AM
Price at Release
$0.003
Full Release
download
Summary
Terrain Minerals Limited announced the identification of seven new high-priority gold drill targets at its Smokebush Project, located in Western Australia. These targets were defined following a 2026 dipole-dipole Induced Polarisation (IP) survey conducted across the project area. The survey aimed to identify repetitions of the Lightning discovery, and the results highlighted a strong chargeable anomaly north of the Monza structure, which forms part of the Lightning Mineral Resource Estimate (MRE). This anomaly is considered the strongest identified in the program and is planned to be tested with high-priority drill holes. Additionally, a new north-south structure west of the Lightning Project has been identified as a target area for further exploration. The company is preparing for the next RC drilling campaign, aiming to expand its existing gold and silver resource inventory.
Key Points
  • Seven new high-priority gold drill targets identified at Smokebush.
  • Strongest chargeable anomaly located north of the Monza structure.
  • New north-south structure identified west of the Lightning Project.
  • Next RC drilling campaign to expand gold and silver resource inventory.
  • IP survey interprets potential repetitions of the Lightning discovery.
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.