terrametalslimited

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Terra Metals Expands Dante Project with HRM Acquisition

A Strategic Leap in Western Australia's Polymetallic Frontier

Terra Metals Limited (ASX: TM1) has officially exercised its option to acquire 100% of HRM Exploration Pty Ltd, marking a pivotal step in its growth strategy in the West Musgrave region of Western Australia. The acquisition will almost double Terra’s tenement footprint, strengthening its dominant position in one of Australia’s most promising polymetallic mineral provinces.

The Dante Project is located within the Giles Complex, in proximity to BHP’s Nebo-Babel deposit, one of Australia’s largest undeveloped nickel-copper sulphide projects. Terra’s focus on this mineral-rich region has already yielded results: in 2024, the Company announced two substantial discoveries at Reef 1 North and Reef 2. These discoveries, hosted within a layered mafic-ultramafic intrusion, extend for over 20 kilometres of strike length.

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Terra Metals Unveils More High-Grade Thick Titanium at Dante

Terra Metals (ASX: TM1) ("Terra Metals" or "the Company") has announced new drilling results from its Dante Project, confirming the presence of extensive, thick, high-grade titanium mineralisation at Reef 1 North. These results extend the known strike length of mineralisation to approximately 4.2 km from the surface, reinforcing the project's potential as a large-scale polymetallic system.

In addition to high-grade titanium, the latest assays indicate strong concentrations of copper, platinum group metals (PGMs), and vanadium, further enhancing the project's significance. These findings support the prospectivity of the Dante Project and its potential economic value.

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Terra Metals Confirms High-Grade Polymetallic Potential at Dante

Terra Metals Limited (ASX: TM1) has achieved another significant milestone at its Dante Project in Western Australia. The Company’s latest drilling campaign at Reef 1 North has successfully extended the mineralised strike by an additional 1.2km, bringing the total length to approximately 4.2km.

Managing Director and CEO Mr. Thomas Line commented on the results, stating:

“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.”

The continued expansion of high-grade mineralisation highlights Dante’s potential as a world-class polymetallic asset. With strategic drilling programs delivering strong results, Terra Metals is well-positioned to advance exploration and unlock further value from this promising Western Australian project.

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Terra Metals Expands Dante Project with Strategic Acquisition Option

Terra Metals Limited (ASX: TM1) ("Terra Metals" or "the Company") has taken a bold step in solidifying its presence in the West Musgrave region. The company announced that it has entered into an option agreement to acquire 100% of HRM Exploration Pty Ltd ("HRM"). HRM holds four exploration licences covering 618 km², which are contiguous with Terra’s flagship Dante copper-gold-platinum group metal-titanium-vanadium ("Cu-Au-PGM-Ti-V") project in Western Australia.

This acquisition will significantly strengthen Terra’s already substantial position in the highly prospective Jameson Layered Intrusion, a geological setting analogous to South Africa’s Bushveld Province. The binding term sheet, executed between Terra, HRM, and HRM’s sole shareholder, Hardrock Minerals Limited, grants Terra a 12-month exclusive option to acquire 100% of HRM’s issued capital.