Terra Metals Achieves 150m Extension at Southwest Discovery
Key points
- Diamond drilling extended Southwest PGE, copper, and nickel system by 150m
- High-grade reef mineralisation confirmed with assays
- Southwest remains open along strike and at depth
- New exploration and resource definition drilling underway
- Ongoing drilling expected to demonstrate further continuity of mineralisation
Full summary
Terra Metals Ltd has achieved a significant extension at its Southwest Discovery, with diamond drilling extending the Southwest PGE, copper, and nickel mineralised corridor by 150 meters to over 1,100 meters of strike. The mineralised system remains open along strike and at depth. The extension increases the potential scale of the mineralised system, with high-grade reef mineralisation confirmed by assays. Highlights include 275m at 0.91g/t PGE3 and 114m at 0.95g/t PGE3. The Southwest Discovery represents a substantial growth opportunity, with five drill rigs currently operating and an extensive geophysical program generating high-priority targets. The company expects to report further assay results for the remainder of the year.
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