TM1 Price sensitive 21 Jul 2026, 8:30 AM

OUTSTANDING DIAMOND RESULTS CONFIRM 448M THICK INTERVAL

Terra Metals Ltd

Terra Metals Announces 448m Thick Mineralised Interval at Southwest Discovery

Key points

  • First diamond tail assays confirm 448m of continuous PGE-Cu-Ni mineralisation
  • Southwest lies outside existing 148Mt Dante Mineral Resource
  • Potential for a shallow starter pit transitioning into a large mineralised system at depth

Full summary

Terra Metals Ltd has reported outstanding diamond tail assay results from the Southwest Discovery at the Dante Project, confirming a 448m thick continuous mineralised interval. The Southwest package, located outside the existing 148Mt Dante Mineral Resource, is emerging as a significant growth opportunity. The first diamond tail, SWRD051, returned 448m @ 0.87g/t PGE3 and 0.15% Ni from 102m, including high-grade sections. Ongoing drilling and geophysical surveys continue to refine the system's geometry and controls, with a maiden Mineral Resource estimate targeted for late 2026.

Outlook

Terra Metals is aggressively advancing the Southwest Discovery towards a maiden Mineral Resource estimate targeted for late 2026.

Summary generated by a large language model. Please interpret with care.

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