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Asia

Terra Metals Confirms High-Grade Mineralization at Western Australia Prospect; Shares Down 10%

Terra Metals (ASX:TM1) confirmed multiple, high-grade intervals of massive and semi-massive platinum group metals-copper-nickel-cobalt sulfide mineralization in the first three drill holes at the Southwest prospect, within the Dante project in Western Australia, according to a Wednesday filing with the Australian bourse.First assays include 100 meters at 1.06 grams per tonne grade of PGE3, or platinum, palladium, and gold, nearly 40 meters at 0.70 g/t PGE3, and 11 meters at 1.32 g/t PGE3, the filing said.Drilling is ongoing at the prospect, with further assays pending, per the filing.Shares fell 10% in morning trade on Wednesday.

ASX:TM1
Asia

Terra Metals Included in MSCI Australia Micro Cap Index

Terra Metals (ASX:TM1) joined the MSCI Australia Micro Cap Index, an MSCI Global index, according to a Tuesday Australian bourse filing.The inclusion, which follows Morgan Stanley Capital International's semi-annual index review in May, is expected to boost the miner's profile among institutional investors.Shares were down 3% in recent trading.

ASX:TM1