Terra Metals Unveils (ASX: TM1) (“Terra Metals” or “the Company”) has released new drilling results from the Dante Project, confirming extensive, thick, high-grade titanium mineralisation at Reef 1 North. These results extend the known strike length of mineralisation to approximately 4.2 km from the surface, Terra Metals Unveils reinforcing the potential for a large-scale polymetallic system.
The latest assays also highlight strong concentrations of copper, platinum group metals (PGMs), and vanadium, adding to the project’s significance. The Company is now awaiting further results from additional drillholes at Reef 2.
Key Drilling Results: High-Grade Titanium Expands Further
Drilling at Reef 1 North has delivered impressive intercepts, including:
Figure 1: Highlighted intercepts from the extensional drilling of Reef 1 North
Managing Director and CEO, Mr. Thomas Line, expressed enthusiasm over the findings:
“These extensional drilling results confirm the consistency and scale of high-grade titanium, copper, PGMs and vanadium mineralisation from surface at Reef 1 North, as well as confirming thick titanium mineralisation throughout the hanging wall at Reef 1 North. We now eagerly await the remaining drillholes from drill testing of new zones at Reef 2.”
New Discoveries in the Hanging Wall Terra Metals Unveils
The latest results have revealed substantial titanium mineralisation in the hanging wall, further expanding the project’s potential. Infill and extensional drilling now confirm that the mineralisation spans across an extensive 4.2 km from surface.
The Company remains highly encouraged by the consistency of mineralisation Terra Metals Unveils and expects further growth as assays from 13 more drillholes at Reef 2 are pending.
Cronus Deeps Prospect: New Geological Terra Metals Unveils Insights
A single deep diamond hole was drilled at Cronus as part of the West Australian Government’s co-funded Exploration Incentive Scheme (EIS). This diamond drillhole (CDH001) at the Cronus prospect has provided new geological insights. The hole intercepted a 407.7-metre-thick unit of mafic taxite and pegmatite, unlike any rock previously seen at the project. This discovery suggests a significant mineralised contact zone that warrants further exploration.
The drillhole encountered palladium and gold mineralisation, along with a titanium-vanadium bearing magnetite layer. The Company believes this discovery supports the potential Terra Metals Unveils for a large mineralised contact aureole, indicating an expanded target for future drilling.
Figure 4: Geological cross-section of Cronus showing drill results and mineralised layers.
The Bigger Picture: Dante’s World-Class Potential Terra Metals Unveils
The Dante Project is hosted within the Jameson Layered Intrusion, a geological setting analogous to South Africa’s Bushveld Complex. The Bushveld Complex is the world’s largest source of PGMs, vanadium, and chromite, mined for over a century.
Like Bushveld, the Jameson intrusion hosts mineralised reefs enriched in platinum, palladium, gold, copper, vanadium, and titanium. These results further solidify Dante’s potential to become a significant supplier of critical minerals.
The Dante Reefs contain high-grade titanium, PGMs, copper, and vanadium, similar to Bushveld. With only two of the seven mapped reefs drill-tested, the upside potential is massive.
Figure 5: Schematic of the Bushveld Complex, showing metallogenic provinces and mineralised layers.
Next Steps: Expanding the Resource Terra Metals Unveils
Terra Metals plans to continue drilling at Reef 2, where pending assays from 13 additional holes could further define new zones of mineralisation. The technical team is also considering further shallow drilling at Cronus to fully test the interpreted mineralised contact.
With a strike length of over 4.2 km at Reef 1 North and ongoing drilling at multiple targets, Dante is shaping up to be a world-class critical minerals project.
Figure 6: Geological cross-section of Reef 1 North showing the latest drill intercepts.
Strategic Opportunity in a Strengthening Market
Terra Metals’ latest drilling campaign has strengthened confidence in Dante’s large-scale, high-grade mineralisation. The Company’s focus remains on expanding the known resource and unlocking the full potential of this polymetallic system. With more assays on the way and continued exploration success, Dante is proving to be one of the most exciting critical minerals projects in Western Australia.
This momentum aligns with strong market fundamentals for titanium, vanadium, and copper. The global titanium market, valued at USD 2,440 million in 2023, is expected to reach USD 3,712.3 million by 2030, driven by aerospace and defense demand. Vanadium is gaining traction in steel and energy storage, while copper prices are forecasted to rise from $8,990 to $10,000 per metric ton in 2025 amid supply constraints. As demand for these critical metals grows, Dante’s potential to contribute to the global supply chain positions Terra Metals for long-term success.
Investor’s Outlook
Terra Metals Limited (ASX: TM1) is currently trading Terra Metals Unveils at A$0.024, reflecting its latest market sentiment (as of March 4, 2025). The Company holds a market capitalisation of A$10.19 million, with 407.64 million shares on issue. Over the past 52 weeks, TM1’s share price has fluctuated between A$0.019 and A$0.105, indicating both volatility and potential upside.
Recent trading activity highlights growing investor interest, with a notable surge in volume:
- February 26:9 thousand
- February 27:4 thousand
- February 28:9 thousand
- March 3:7 thousand
- March 4: 1.3 million (Max Volume in 5 Days)
The 1.3 million shares traded on March 4, 2025 mark the highest in the last five days, Terra Metals Unveils suggesting renewed market attention. Investors will be watching closely for further developments that could drive momentum.
