Kalkine: Terra Metals Advances Phase-Three Drilling at Dante Amid Strategic Expansion

Highlights

• Terra Metals (ASX:TM1) initiates third-phase exploration at its Dante Project in Western Australia

• Approvals secured for expanded drilling across Reef 1 and Reef 2, including newly identified anomalies

• Mid-June site visit by resource consultants to support upcoming maiden resource estimate

Terra Metals (ASX:TM1), listed on the ASX 200 index through its association with the broader , has commenced the third phase of on-ground exploration at its Dante Project in Western Australia. The initiative follows the receipt of heritage and drilling approvals, allowing the company to pursue further activities in the copper-critical minerals sector.

The approvals have cleared the path for infill and extensional drilling across Reef 1 and Reef 2. These areas are known for mineralisation that includes copper and associated critical metals. Terra Metals aims to utilise this work program to strengthen the geological understanding of the region in preparation for its inaugural resource estimate.

Reef 1 and Reef 2 continue to be key exploration areas

Reef 1 and Reef 2 remain focal points for Terra’s technical teams, as historical data and previous drill activity have highlighted notable mineral occurrences. With new approvals in place, drill activity will cover areas where electromagnetic anomalies and outcropping reef layers have been recorded. These formations, which have not been previously drilled, lie within the broader Dante geological system.

The company has engaged an independent resource consultancy based in South Africa, whose representatives are scheduled to conduct a site inspection by mid-June. This assessment will support modelling and estimation work for the region’s copper-critical metal resources.

New drilling areas identified across broader tenement zone

In addition to ongoing work at Reef 1 and Reef 2, Terra has received the green light to conduct drilling across several new areas that display geophysical indicators of mineralisation. These include undrilled anomalies and exposed reef structures identified through field mapping and geophysical surveys.

The broader Dante Project area now includes tenements recently acquired from HRM Exploration. Terra exercised its option to secure these tenements, which are geologically continuous with the original project zone. The company reports that magnetic data from this ground shows similar geophysical patterns to those at Reef 1 and Reef 2, indicating the same structural trends may extend across both properties.

Strategic consolidation through HRM acquisition

The acquisition of HRM’s exploration licences has provided Terra with a strategic extension of the Dante Project. The company interprets this ground to contain structural extensions of copper-critical mineral systems identified within its existing portfolio.

The HRM tenements, while covered by shallow overburden, have been mapped and surveyed to confirm that they align with the magnetic and geophysical signature of the main project. This alignment positions Terra to pursue a unified exploration program across both the original and newly acquired licences.

Location and regional context

Situated in the West Musgrave region of Western Australia, the Dante Project occupies a corridor known for magmatic systems hosting copper, gold, platinum group metals, titanium, and vanadium. The project is located near the Nebo-Babel deposit operated by BHP (ASX:BHP), further reinforcing its significance within the regional mining landscape.

Terra Metals continues to focus on advancing its Australian portfolio, with ongoing emphasis on identifying critical minerals, including tin, across its tenements. The company’s latest drilling and reconnaissance initiatives mark a continued effort to build technical momentum and geological insight across its key assets.