Terra Metals Shines in Q4, Stock Soars on Strong Results

Terra Metals Limited (ASX: TM1) (“Terra Metals” or “the Company”) has reported a highly productive December 2024 quarter, showcasing impressive drilling results and strategic expansion at the Dante Project in Western Australia. These results has had a significant positive impact on the Company’s stock, with the price increasing by over 5% today and a remarkable 56.52% growth over the past month.

The Company completed extensive drilling campaigns, delivering high-grade titanium, copper, platinum group metals (PGMs), and vanadium over a 2.5km strike. Additionally, it secured an option over a contiguous tenement package covering 618km², reinforcing its commitment to unlocking the full potential of the Dante Project.

Figure 1: A location map of the Dante Project showcasing nearby companies’ tenements and significant mineral deposits in the region.

Phase 2 RC & Phase 1 Diamond Drilling Programs

During the quarter, Terra Metals executed extensive drilling programs to expand and define the mineralisation at the Dante Project.

Key Drilling Statistics:

• Phase 2 RC Drilling:
  • 66 holes completed
  • Total drilling: 4,875m
  • Focus: Expanding shallow, high-grade mineralisation at Reef 1 North
• Phase 1 Diamond Drilling:
  • 18 holes completed
  • Total drilling: 3,208m
  • Focus: Confirming deeper extensions of the mineralised system

Drilling Results and Findings:

• Assay results received from 32 out of 33 RC drillholes confirm the presence of extensive shallow high-grade mineralisation.
• Assays pending for an additional 33 drillholes, which are expected to further expand and define additional high-grade zones.
• The latest results reinforce Dante Reefs as a significant multi-commodity discovery, with high-grade titanium complemented by substantial copper, gold, PGMs, and vanadium.
• The metal assemblage presents strong economic potential, positioning Dante Reefs as a strategic asset in Australia’s critical minerals sector.
• The increasing market interest in titanium, along with multiple revenue-generating metals, enhances the commercial appeal of the project.

Terra Metals expects to update its Exploration Targets as additional assays are received, further strengthening Dante Reefs’ potential as a major multi-commodity deposit.

Drill Highlights – High-Grade Titanium & Multi-Commodity Intercepts

The latest drilling results confirm substantial mineralisation, including high titanium (TiO₂), PGMs, copper (Cu), and vanadium (V₂O₅).

Figure 2 (table) mentions all the significant drill intercepts:

Figure 2: The recent drilling outcomes validate significant mineralisation, with PGE3 representing the combined total of platinum (Pt), palladium (Pd), and gold (Au).

These results confirm the scale, continuity, and consistency of the mineralised system from surface. With additional assays pending, further discoveries could enhance the project’s economic significance.

Figure 3: The Dante Reef 1 discovery, featuring both new and previously reported titanium drill results, displayed over a total magnetic intensity (“TMI”) image

The Dante Project’s Growing Potential

Located in the West Musgrave region, the Dante Project hosts significant copper, gold, PGMs, titanium, and vanadium discoveries. These mineral-rich formations lie within the Jameson Layered Intrusion, which is part of the larger Giles Complex.

During 2024, Terra Metals identified two major Bushveld-style mineralised reefs known as the Dante Reefs. These reefs extend for at least 20km of strike and show promising continuity. The Company believes that the geological setting is analogous to world-class deposits such as BHP’s Nebo-Babel project.

Terra Metals is yet to drill-test several mapped and interpreted reefs throughout the project area. The Company remains optimistic that further drilling will expand the known mineralised zones and unlock additional high-grade deposits.

Advancing Exploration Through Drilling

Terra Metals executed two key drilling campaigns during the quarter:

• Phase 2 RC Drilling: 66 holes for 4,875m, focused on defining shallow high-grade mineralisation.
• Phase 1 Diamond Drilling: 18 holes for 3,208m, targeting deeper extensions of the mineralised reefs.

These programs confirmed extensive titanium mineralisation alongside significant copper, PGMs, and vanadium. The Company believes this combination enhances the project’s economic viability, given the growing demand for titanium in industrial and high-tech applications.

Strategic Expansion: New Tenement Package

In the announcement of January 29^th, 2025, Terra Metals mentioned securing an option to acquire a contiguous tenement package covering 618 km². This acquisition strengthens the Company’s landholding and exploration footprint within the highly prospective Jameson Layered Intrusion.

HRM Exploration Pty Ltd currently holds these exploration licences. The deal allows Terra Metals to consolidate a larger portion of the mineral-rich geological complex, which shares similarities with South Africa’s Bushveld Province, known for its world-class titanium and PGM deposits.

This expansion positions Terra Metals to take advantage of emerging opportunities in the global critical minerals market.

Market Implications and Future Plans

The strong drilling results and strategic land acquisition reinforce Terra Metals’ position in the Australian exploration sector. The Company remains focused on:

• Advancing exploration at the Dante Project to further define high-grade mineralised zones.
• Completing assays from the remaining 33 drillholes.
• Expanding known mineralisation through additional drilling campaigns.
• Strengthening its strategic position in the titanium and critical minerals market.

Managing Director and CEO, Mr. Thomas Line, commented: “The latest assays highlight the project’s potential as a significant multicommodity discovery, with high-grade titanium together with copper, gold, platinum group metals, and vanadium within the same mineralised system, over a large scale. This unique combination of critical and precious metals positions Dante Reefs as a strategically significant asset within Australia’s resource sector.”

With titanium gaining global attention due to its industrial and aerospace applications, Terra Metals stands to benefit from increased demand. The Company’s ongoing exploration efforts could further enhance the project’s valuation and attract potential development partners.

Investor’s Outlook

Terra Metals Ltd (TM1) has seen a strong performance, with its stock price rising by 5.88% today to AUD 0.036 as of January 31st, 2025 (at the time of writing the article). The Company’s shares have surged by 56.52% over the past month and 28.57% year-to-date, reflecting growing investor confidence. With 407,635,062 shares issued and a market cap of AUD 14.67 million, Terra Metals is positioned for continued growth. The recent announcement regarding high-grade discoveries at its Dante Project is a key development, further reinforcing the Company’s multi-commodity potential in the critical minerals sector. As drilling continues and assays are pending, investors can expect further updates that could continue to drive interest and stock value, strengthening Terra Metals’ outlook.

Disclaimer

Visited 21 times, 29 visit(s) today