Dante Cu-PGE-Au-Ni Project
In June 2024, Terra Metals reported the discovery of large Platreef-style Cu-PGE sulphide reefs at its wholly-owned Dante Project.
Drilling confirmed that the Dante Reefs have the potential to host a large sulphide deposit containing copper, gold, PGEs, vanadium and titanium; the first of its kind in Australia.
Regional Scale – Large magmatic Cu-PGE-Au-Ni targets and extensive outcropping mineralised PGE + Au reef systems.
Compelling Geochemistry – Auger geochemistry highlights widespread Cu-Au-PGE-Ni anomalism over multiple kilometres.
Exciting Geology – Mafic-ultramafic layered intrusion of the highly prospective Giles Complex.
Strategic Location – Close proximity to BHP’s $1.7 billion Nebo-Babel mine development, 15km to the south.
In October 2023, GCX Metals (in April 2024, the GCX Metals was renamed Terra Metals) acquired the Dante copper-platinum group element-gold-nickel (“Cu-PGE-Au-Ni”) project located in the West Musgrave region of Western Australia.
The West Musgrave region is a major metallogenic province and emerging major mining hub with BHPs $1.7 billion Nebo-Babel Cu-Au-PGE-Ni mine development 15km to the south.
The Dante Project contains advanced large-scale magmatic Cu-PGE-Au-Ni targets and PGE-Au Reef targets, including ~42km of outcropping mineralised strike grading an average of 1.1 g/t PGE3, 1.13% V2O5, and 23.2% TiO2, with grades up to 3.4 g/t PGE3.
Dante has a clear pathway to drilling, with a signed Native Title Agreement with the Ngaanyatjarra Land Council and initial heritage surveys already completed.
Extensive historical dataset including full coverage airborne electromagnetic (“EM”) and magnetics, over 3,000 auger drillholes, reverse circulation and diamond drillholes, ground EM and gravity.
As part of the transaction, experienced geologist and resource company executive Mr Thomas Line was appointed as Managing Director & CEO of GCX.
The Dante Project contains large-scale magmatic Cu-PGE-Au-Ni targets, as well as extensive outcropping PGE-gold (“Au”) reefs (refer to Figures 3 & 4) and is situated in the same geological complex and in close proximity to one of the world’s largest mining development projects, Nebo-Babel (BHP) (refer to Figures 1 & 2).