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Terra Metals Limited (ASX:TM1)

ALERT: Price-sensitive ASX Announcement for TM1
Current share price for TM1 : $0.210 -0.125 (-37.31%)+
Announcement
Release
30 Jan 2026 9:33AM
Price at Release
$0.335
Full Release
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Summary
The December 2025 Quarterly Report for Terra Metals Limited (ASX: TM1) highlights significant developments in their exploration projects, particularly within the Dante Project in Western Australia. The company reported new discoveries at the Southwest Prospect, including high-grade PGM-Cu-Ni sulfides, with assays revealing up to 52.97 g/t PGE3. The drilling efforts at Reefs 1 and 2 have confirmed thick Ti-V-Cu-PGM-Au reefs, reinforcing the potential for resource expansion. Financially, Terra Metals ended the quarter with a strong cash position of approximately $11 million, following a $15 million placement led by major shareholders. The company continues to operate with a focus on expanding its mineral resources and exploring new high-potential targets.
Key Points
  • New high-grade PGM-Cu-Ni sulfide discoveries at Southwest Prospect.
  • Significant intercepts reported with assays up to 52.97 g/t PGE3.
  • Resource upgrade and infill drilling at Reefs 1 & 2 confirms thick mineralised layers.
  • Strong financial standing with $11 million cash on hand.
  • Completion of a $15 million placement led by GEAR and Tribeca Investment Partners.
  • Focus on exploring and expanding the Dante Project in Western Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.