• Thick, continuous Cu-Ti-V-PGE-Au mineralisation from surface in multiple drillholes across previously undrilled areas
• Mineralised horizon extends for more than 6.2 km of mapped strike at surface, open along strike and down-dip
• Significant assay intervals include 28m @ 0.76% CuEq from surface and 45m @ 0.70% CuEq from 19m

Terra Metals Limited (ASX:TM1) is pleased to announce that resource upgrade drilling at the Dante Project has delivered multiple thick, continuous Bushveld-style reef intercepts from surface across previously undrilled areas of Reef 2 (Hyperion), confirming strong potential to significantly grow and increase confidence in the existing 148Mt Mineral Resource Estimate. The new assays confirm consistent mineralisation within previously unknown large gaps in the drill spacing. Known mineralisation at Reef 2 currently extends for more than 6.2 kilometres of continuous strike and demonstrates consistent TiO2-V2O5-Cu-PGE-Au grades in high-grade Basal Reef layer, and medium grade Upper Reef layer, within broad well-developed thick, and consistently mineralised hanging wall packages from surface. These results continue to reinforce that the Dante system hosts a large-scale, Bushveld-style sequence of stratiform, mineralised, reef layers with continuity along strike and at depth. The Phase 3 drilling program is now complete, comprising over 21,000m of drilling, including over 10,000m across 120 drillholes within the Dante MRE area. Assays remain pending for ~110 drillholes completed at Reef 1, Reef 2 and Southwest Prospect, which are expected to further support the potential for resource growth.

The potential to delineate additional reef continuity, thickening and new mineralised positions across the broader intrusive complex remains very high, with assays pending for approximately 110 additional drillholes.