TM1.ASX: High-Grade PGM-Cu-Ni From First 2026 Drilling at Southwest

High-Grade PGM-Cu-Ni From First 2026 Drilling at Southwest

Stock	Terra Metals Ltd (TM1.ASX)
Release Time	10 Jun 2026, 9:30 a.m.
Price Sensitive	Yes

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Terra Metals Reports High-Grade PGM-Cu-Ni Results from Southwest Drilling

Key Points

First assays confirm multiple high-grade PGM-Cu-Ni sulfide mineralisation zones.
SWDD011 shows 100m @ 1.06 g/t PGE3, including 16.3m @ 2.56 g/t PGE3.
SWDD009 reveals 39.5m @ 0.70 g/t PGE3, including 0.6m @ 17.11 g/t PGE3.
SWRD051 reports 11.0m @ 1.32 g/t PGE3, extending to the end of the assayed zone.

Full Summary

Terra Metals Limited (ASX: TM1) reports promising results from the first three drillholes at the Southwest Prospect in 2026. SWDD011, the first diamond hole from the northern SW6 discovery zone, intersected 100m @ 1.06 g/t PGE3, including 16.3m @ 2.56 g/t PGE3. SWDD009, from the southern SW5 discovery zone, returned 39.5m @ 0.70 g/t PGE3, including 0.6m @ 17.11 g/t PGE3. SWRD051, the first RC pre-collar drillhole, reported 11.0m @ 1.32 g/t PGE3. These results confirm the presence of broad, shallow sulfide mineralisation with multiple high-grade zones. Further drilling and assay results are pending, which will help define the scale and continuity of the Southwest sulfide system.

Outlook

The Company plans to continue systematic drilling at Southwest to test extensions to the mineralised horizons and further define the scale and grade of the Southwest sulfide system.