Terra Metals’ flagship asset is the 100%-owned Dante Project in the West Musgrave Province of Western Australia. Within Dante, the Southwest Platinum Group Metals with Copper and Nickel (PGM-Cu-Ni) discovery is the Company’s sole focus.

Thick, continuous mineralisation from surface, open along strike and down dip, with a maiden Mineral Resource Estimate targeted for Q1 2027

Terra Metals Limited (ASX: TM1) is advancing the Southwest discovery on the Dante Project, a large mafic-ultramafic layered intrusion carrying platinum, palladium and gold (together “3E”), copper and nickel in sulfide minerals.

Dante is the Company’s only active project and its sole focus.

The Southwest discovery, made in late 2025, is the core of that focus. Drilling has confirmed mineralisation from surface, including 200 m @ 0.75 g/t 3E from 0 m (SWRC105) and 194 m @ 1.01 g/t 3E from 15 m (SWRC106), within a shallow-dipping package of up to 448 m downhole that hosts repeating higher-grade reefs.

The discovery extends about 1,350 m along strike, 700 m across strike and at least 750 m down dip and remains open.

Approximately 76,000 m of diamond and RC drilling has been completed at Southwest in 2026, with four rigs on site.

Terra Metals conducts exploration, which is beneficial to all stakeholders, including local Aboriginal communities in the areas of operations, by creating employment and business development opportunities which are appropriate and sustainable.

Terra Metals works closely with the Traditional Owners of the Ngaanyatjarra Lands and the Ngaanyatjarra Council heritage approvals cover the full Southwest footprint.