Terra Metals Hits Multiple Sulphide Zones at Dante’s Southwest Prospect

Terra Metals (ASX: TM1) believes the Southwest prospect at its multi-element Dante project in Western Australia is emerging as a new cornerstone growth opportunity.

The company has visually identified multiple zones of massive, semi-massive, and net-textured sulphides with diamond drilling at Southwest.

Notably, the new sulphide intercepts occur outside and below the zone Terra covered in the previous four drill holes, providing further evidence that higher-grade sulphide mineralisation may be present within the broader intrusive system.

Significant PGM Potential

While assay results are pending, the company’s management says the visual results highlight the potential for Southwest to host significant copper-nickel-platinum group minerals (PGMs) and cobalt sulphide mineralisation, in addition to the already-discovered thick titanium–vanadium–magnetite reef horizons.

Terra is expecting receipt of the first laboratory results from initial drilling at Southwest shortly, and the remainder in staggered fashion over the next three months.

However, the company said that the geological and textural observations it has made so far provide a strong framework for interpreting the genesis of the Dante system within a broader magmatic context.

Recent tenement acquisitions at Dante – which sits within the Giles Complex in WA’s West Musgrave region – have extended the project’s strike potential to over 80 kilometres, and 17,000m of drilling has defined extensive mineralised layers similar to those in South Africa Bushveld Complex.

Further Work Ongoing

Meanwhile, downhole electromagnetic surveys, diamond drilling, and reverse circulation-diamond tails are ongoing to refine targeting and vector toward metal-rich sulphide accumulations.

“These new visual sulphide intersections are a very encouraging development, demonstrating that the Southwest prospect hosts both thick titanium-vanadium reef packages and potentially higher-grade copper-nickel-cobalt-PGM sulphide zones within the same system,” chief executive officer Thomas Line said.

“Our drilling strategy is delivering exactly what we hoped—expanding the mineralised footprint, while also vectoring into areas that show the strongest potential for metal-rich sulphide accumulation.”

“With assays due shortly, and drilling continuing along multiple reef lines, we are rapidly progressing our understanding of what is shaping up to be a large-scale, multi-commodity discovery.”