Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Terra Metals Ltd (ASX:TM1, OTC:PNGZF).
The company has provided new assay results confirming the scale and continuity of its Dante Reefs discovery in Western Australia.
The project exhibits consistent Bushveld-style mineralisation of copper, gold, platinum group metals (PGMs), titanium and vanadium from surface, reinforcing its potential for a significant sulphide deposit in the low-risk West Musgrave region.
Highlights from phase one diamond drilling include, 7.7 metres at 0.27% copper, 18.4% titanium and 0.68% vanadium.
Phase two RC drilling highlights include 5 metres at 0.86 g/t PGE, 0.26% copper and 19.2% titanium.
Pending assays from 68 additional drill holes are expected to expand the resource. The first round of infill drilling at Reef 1 has reinforced the company’s confidence in the discovery’s continuity and scale.
The project is geologically analogous to South Africa's Bushveld Complex, a globally significant source of critical minerals. Terra Metals plans to continue systematic exploration while advancing metallurgical test work, with updates expected in 2025.
The company remains committed to proving the full potential of the Dante Reefs discovery.
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