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Highlights
- Three high-grade concentrates produced from Dante Reefs.
- Simple, low-cost processing methods used.
- Phase two metallurgical testing already underway.
Terra Metals (ASX:TM1) is advancing its Dante Reefs project with promising results from phase one metallurgical testing, confirming the ability to produce three distinct high-grade concentrates from a single composite sample. This early success positions the project as a potential globally significant source of copper, gold, platinum group metals (PGMs), vanadium, and titanium.
The test work, using conventional flotation and magnetic separation techniques, demonstrated that valuable concentrates can be produced efficiently and cost-effectively. These widely used processing methods enhance the project’s commercial appeal, especially given the quality of concentrates achieved.
The first concentrate is a copper-rich sulphide product containing 28% copper, 17 grams per tonne (g/t) gold, and more than 20 g/t PGMs. This composition is considered strong in terms of commercial acceptability and could appeal to smelters around the world due to its high-grade profile.
The second product is a vanadium concentrate grading 1.81% V₂O₅, generated through magnetic separation. This result exceeds benchmarks seen from many vanadium-focused producers globally and is suitable for salt roasting to produce high-purity vanadium oxide — a product increasingly in demand for use in batteries and steel manufacturing.
The third is a titanium ilmenite concentrate grading approximately 40% TiO₂. The high recovery rates and concentration quality stand out when compared with current global producers of titanium from hard rock sources. This outcome also highlights the efficiency of the separation process used, reaffirming the simplicity and effectiveness of Terra Metals' approach.
With these preliminary findings, Dante Reefs is shaping up as a competitive and diversified source of several commercially valuable products. The potential scale of the deposit, based on exploration to date, suggests that large volumes of each concentrate could be produced, adding further weight to the project’s global relevance.
Terra Metals has already begun phase two metallurgical testing, which aims to improve concentrate grades and further optimise recoveries. In parallel, the company is preparing to announce a maiden mineral resource, underpinned by 17,000 metres of drilling completed last year. These next steps are set to deepen understanding of the project’s potential without requiring significant new capital outlay.
As momentum builds, Dante Reefs is emerging as a promising multi-metal asset with the capacity to contribute meaningfully to several key global supply chains.
