Terra Metals Limited (ASX:TM1) Announces Significant Drill Extensions at Reef 1 North
Discovery Strike Extended
Terra Metals Limited (ASX:TM1) has announced new drilling results from Reef 1 North, extending the discovery strike by an additional 1.2km to a total of approximately 4.2km. This expansion underscores the significant polymetallic potential of the Dante Project, with mineralisation remaining open.
High-Grade Mineralisation
The recent drill results have defined high-grade titanium alongside substantial concentrations of copper, platinum group metals (PGMs), and vanadium across the full strike length. Selected intercepts include Hole URC056, which reported 9 meters of 15.5% copper and 21.9 g/t PGE3, and Hole URC062, featuring 9 meters of 17.6% copper and 23.7 g/t PGE3.
Future Exploration
Assays are pending from an additional 24 drillholes targeting further shallow high-grade mineralisation. The company remains optimistic about the project’s growth, with mineralisation still open in multiple directions.
Executive Comments
Managing Director and CEO, Thomas Line, commented: “These outstanding results further reinforce the scale and high-grade potential of Reef 1 North. Extending the strike by another 1.2km to a total of ~4.2km, while consistently intersecting high-grade titanium, copper, PGMs, and vanadium, underscores the significant polymetallic opportunity at Dante. With mineralisation remaining open and assays pending from an additional 11 drill holes at Reef 1 North, we are confident that the project’s potential will continue to grow. We look forward to delivering further results as they become available.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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