Key points
- New assays from Southwest show multiple stacked high-grade Platinum Group Metal (PGM) reef layers.
- SWRD054 delivered standout results including 5m @ 5.45g/t 3E, 0.28% Ni, 0.24% Cu.
- SWRD056 and SWDD019 also returned multiple high-grade intervals.
- Drilling continues to define high-grade reef horizons within a large, mineralised system.
Full summary
Terra Metals Ltd. announced new assay results from its Southwest Discovery, highlighting multiple high-grade Platinum Group Metal (PGM) reef layers within a large, mineralised system. Drilling at SWRD054, SWRD056, and SWDD019 has demonstrated the presence of high-grade zones, with SWRD054 delivering standout results including 5m @ 5.45g/t 3E, 0.28% Ni, 0.24% Cu. The ongoing resource-definition drilling continues to refine the understanding of the higher-grade reef horizons within the Southwest mineralised system, which extends from surface and remains open along strike and downdip. The Company is progressing towards a maiden Mineral Resource Estimate, which will provide the foundation for subsequent technical studies. Metallurgical testwork is also underway to assess recovery and metal deportment.