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Terra Metals Limited (ASX:TM1)

ALERT: Price-sensitive ASX Announcement for TM1
Current share price for TM1 : $0.263 -0.103 (-28.08%)+
Announcement
Release
11 Feb 2026 9:41AM
Price at Release
$0.365
Full Release
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Summary
Terra Metals Limited has announced a significant discovery of titanium, vanadium, and gallium in the Southwest SW3 and SW4 areas of their Dante Project. The discovery highlights a thick and laterally continuous mineral system with high-grade magnetite reef packages extending from the surface and remaining open along strike and depth. The mineralisation has been confirmed over a strike length of over 800 meters and a width of more than 400 meters, with potential to extend further based on additional intercepts. The discovery also includes gallium enrichment, adding a critical metals dimension to the existing polymetallic system, which also includes copper-nickel-cobalt sulfide enrichment and scandium mineralisation. A maiden Mineral Resource Estimate for SW3-SW4 is expected in 2026, following preliminary metallurgical testwork.
Key Points
  • Significant discovery of Ti-V-Ga at the Dante Project in SW3 and SW4.
  • High-grade magnetite reef packages up to 60 meters thick.
  • Mineralisation confirmed over 800 meters of strike and 400 meters of width.
  • Potential to extend at least 1.8km x 0.8km in strike and width.
  • Gallium enrichment adds a critical metals dimension.
  • Maiden Mineral Resource Estimate expected in 2026.
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.