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FINWIRES

Terra Metals Identifies High-Grade Results at Western Australia Project

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Terra Metals (ASX:TM1) reported additional assay results from the Southwest Discovery of its Dante project in Western Australia, according to a Tuesday Australian bourse filing.

The results were up to 14 meters at 3.13 grams per tonne for three-element platinum group elements (3E), 0.18% nickel, and 0.18% copper from 411 meters, including five meters at 5.45 grams per tonne for 3E, 0.28% nickel, and 0.24% copper from 413 meters.

Resource-definition drilling continues to define multiple high-grade reef horizons within the thick, laterally extensive Southwest mineralised system, which extends from surface and remains open along strike and downdip, the filing added.

The geometry provides potential optionality for low-strip, fully mechanised bulk open-pit mining and selective processing of higher-grade material, subject to the planned maiden mineral resource estimate and technical studies, it added.

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