Terra Metals Limited has returned high-grade Platinum Group Metal assay results from the Southwest prospect at its 100%-owned Dante Project in Western Australia, with drill hole SWRD054 delivering 14 metres grading 3.13g/t 3E (platinum, palladium and gold), 0.18% nickel and 0.18% copper from 411 metres.

The assay results from SWRD054, alongside holes SWRD056 and SWDD019, demonstrate multiple stacked high-grade PGM reef layers within a large mineralised unit at Southwest. The standout intercept in SWRD054 included a 5-metre subsection at 5.45g/t 3E, 0.28% nickel and 0.24% copper from 413 metres, a 1.3-metre interval at 18.62g/t 3E from 558.8 metres, and a broader intersection of 79.8 metres at 1.30g/t 3E, 0.21% nickel and 0.13% copper from 302 metres.

Drill hole SWRD056 returned two additional wide high-grade intervals, including 44 metres at 1.41g/t 3E, 0.19% nickel and 0.12% copper from 174 metres, and 42 metres at 1.37g/t 3E, 0.21% nickel and 0.15% copper from 298 metres. Further downhole continuity was confirmed by SWDD019, which intersected 17 metres at 1.22g/t 3E, 0.16% nickel and 0.18% copper from 428 metres.

Resource-definition drilling is continuing to trace multiple high-grade reef horizons within the thick, laterally extensive mineralised system at Southwest, which extends from surface and remains open along strike and down-dip.

“Southwest is now moving into a different phase of definition. We have already demonstrated a very large mineralised system; the focus is increasingly on defining the higher-grade reef layers within that system, which we see may provide an attractive opportunity for an open-pit development from surface, subject to the maiden Mineral Resource Estimate and subsequent technical studies.”

— Thomas Line, CEO & Managing Director

Terra Metals holds approximately 32,000 metres of completed drilling with assay results pending at the Dante Project's Southwest prospect, and plans to deliver a maiden Mineral Resource Estimate for the area.

Read the full announcement: SOUTHWEST RETURNS 14M @ 3.13G/T & 80M @ 1.30G/T 3E