Terra Metals Extends Southwest PGM-Cu-Ni Strike With New Assays

New assay results have further expanded the scale and continuity of the Southwest Main Sulfide Corridor at the Dante project in Western Australia.
Drillhole SWRD057 extended high-grade reef mineralisation about 360 metres along strike, returning 177 metres grading 0.88g/t 3E (platinum, palladium and gold) and 0.16% nickel from 151 metres. This included a higher-grade interval of 15 metres at 2.37g/t 3E, 0.26% nickel and 0.18% copper from 165 metres, featuring a 5-metre subsection at 3.16g/t 3E, 0.28% nickel and 0.21% copper from 173 metres. Complete assays for SWRD057 defined more than 392 metres of combined mineralisation across multiple intervals.
Meanwhile, SWRD055 outlined about 329 metres of combined mineralisation across three broad intervals, including 232 metres at 0.84g/t 3E and 0.15% nickel from 174 metres. That zone featured a 15-metre section grading 1.90g/t 3E, 0.23% nickel and 0.16% copper from 180 metres. Further north, SWDD018 intersected about 168 metres of combined mineralisation across four principal intervals from 205.4 metres, supporting the ongoing northern continuation of the system.
The Southwest prospect is 100%-owned by Terra Metals and sits entirely outside the company’s existing 148-million-tonne Dante Mineral Resource. The 1,100-metre strike extent tested to date continues to deliver broad, continuous mineralised packages hosting multiple higher-grade reefs.
“These diamond tail results provide further evidence of the scale and continuity of the PGM system we are defining at Southwest. The confirmation of broad mineralisation and high-grade reefs in SWRD055 and SWRD057, together with mineralisation continuing to the north in SWDD018, demonstrates that the Southwest Main Sulfide Corridor remains a substantial and growing exploration target.”
“Our focus is now firmly on converting this expanding mineralised system into a maiden Mineral Resource Estimate, supported by an intensive drilling campaign with five rigs currently operating. The completion of heritage surveys has also opened up a significant new area for exploration and resource definition drilling, creating additional opportunities to extend the known mineralised footprint.” — Thomas Line, CEO & Managing Director
Operations across Dante involve five active drill rigs. Terra Metals has completed more than 56,000 metres of drilling at Southwest to date. With less than 24,000 metres reported so far, about 32,000 metres of completed drilling currently has assay results pending.
Drilling has also commenced in newly cleared ground across key extensional and infill target zones following the completion of heritage surveys, supporting the company's efforts toward delivering a maiden Mineral Resource Estimate.
Read the full announcement: DRILL RESULTS CONFIRM EXTENSION OF PGM-CU-NI MINERALISATION