Terra Metals Wins Drilling Approval for Phase 3 at Dante Project, Unlocking Multi Commodity Potential


 

Terra Metals Limited (ASX: TM1) has secured critical heritage and drilling approvals for Phase 3 of its flagship Dante Project in Western Australia’s West Musgrave region, marking a major step forward in its efforts to confirm a multi‑commodity deposit of global significance.

New approvals enable extensive infill and extensional drilling at established Reef 1 and Reef 2 copper‑critical metal systems, along with first-ever drilling of untested electromagnetic (EM) anomalies and outcropping reef layers

Field reconnaissance has already started on recently acquired HRM tenements and the vast 400 km² Dante East area, which contains over 30 km of previously mapped reef exposure—triple the strike length of current targets.

The Dante Project is notable for its Platreef‑style, stratiform copper‑gold‑platinum group element‑vanadium‑titanium reefs—geological formations akin to South Africa’s famously rich Bushveld Complex. Prior drilling confirmed wide mineralised layers of copper‑PGE sulphide and titanium‑vanadium mineralisation from surface, with impressive first‑pass RC intercepts Recent assays include standout hits at Reef 1 North, such as 79 m @ 8.8% TiO₂, 0.13% Cu, 0.24% V₂O₅, and 0.07 g/t PGE₃ from surface

More recently, drill program results from Reef 2 closed a 2.7 km gap, confirming broad mineralisation—including high-grade hanging wall zones—with pending assays expected to build on the existing multi‑commodity model

Metallurgical test work from Phase 1 supports this, producing three high-grade concentrates—Cu‑Au‑PGM, vanadium‑magnetite, and titanium‑ilmenite—using simple, low-cost processing methods, highlighting strong commercial viability With over 17,000 m of drilling already completed and extensional targets now approved, Terra is preparing for a maiden Mineral Resource Estimate, supported by a recent A$4 million strategic funding injection from Golden Energy & Resources and M Resources, among others

Terra Metals’ Dante Project now stands as a highly promising, district-scale polymetallic asset. As Phase 3 drilling unfolds, the Company aims to transform this geological opportunity into a defined, economic resource—positioning itself at the forefront of critical minerals development in Australia.

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