Drilling Confirms Discovery of Giant Platreef-Fashion Copper-PGE Sulphide Reefs at Dante

Terra Metals Restricted (ASX:TM1) (“Terra” or “Firm”) is happy to announce that outcomes from an extra 14 wide-spaced, first-pass reconnaissance drill holes on the Dante Reefs has confirmed the invention of a number of Platreef-style copper-PGE sulphide reefs. Outlined over 4.5km to date throughout Reef 1 and Reef 2, mineralisation stays open alongside strike and downdip, with assays pending from an extra 16 drillholes overlaying a further 4.5km of strike at Reef 2.

Highlights

• Outcomes from an extra 14 drillholes affirm the invention of a number of Platreef-style copper- platinum group factor (PGE) reefs from floor on the Dante Reefs; solely 15km from BHP’s $1.7 billion Nebo-Babel mine growth (390Mt @ 0.30% Cu, 0.33% Ni, 0.23g/t PGE3)¹.
• Drilling outcomes to-date affirm that the Dante Reefs have the potential to host a big sulphide deposit containing copper, gold, PGEs, vanadium and titanium; the primary of its variety in Australia.
  • The Dante Reefs are a collection of light dipping, laterally in depth, mineralised layers (much like a coal seam) which outcrop from floor and in whole run for 42km.
  • Roughly 10m thick with a higher-grade basal layer of roughly 5m.
  • Mineralisation outlined over 3km in size from floor at Reef 1*, whereas first assays at Reef 2* affirm an extra 1.5km of strike.
  • Different globally vital reefs embody these of the Bushveld Province in South Africa which common 1-2m in thickness.
• Highlights from additional wide-spaced, first-pass drilling on the Dante Reefs embody:
  • 6m @ 0.40% Cu, 0.79g/t PGE3, 0.66% V₂O₅, & 19.9% TiO₂ from 4m (HRC004), together with:
    • 2m @ 0.62% Cu, 0.85g/t PGE3, 0.71% V₂O₅ & 22.3% TiO₂ from 6m
  • 5m @ 0.34% Cu, 0.84g/t PGE3, 0.81% V₂O₅, & 21.2% TiO₂ from 21m (URC005), together with:
    • 3m @ 0.43% Cu, 0.94g/t PGE3, 0.88% V₂O₅ & 24.1% TiO₂ from 23m
  • 7m @ 0.31% Cu, 0.61 g/t PGE3, 0.71% V₂O₅, & 20.7% TiO₂ from 17m (URC011)
  • 10m @ 0.82g/t PGE3, 0.11% Cu, 0.44% V₂O₅ & 10.5% TiO₂ from 66m (HRC002), together with:
    • 3m @ 2.22g/t PGE3, 0.20% Cu, 1.08% V₂O₅, & 23.5% TiO₂ from 68m
  • 5m @ 0.30% Cu, 0.81g/t PGE3, 0.70% V₂O₅, & 19.1% TiO₂ from 71m (URC006), together with:
    • 2m @ 1.57g/t PGE3, 0.31% Cu, 0.99% V₂O₅, & 23.2% TiO₂ from 74m
  • 3m @ 1.40 g/t PGE3, 1.00% V₂O₅, & 21.0% TiO₂ from 9m (URC008)
• The copper-PGE mineralisation consists of high-grade vanadium and titanium, essential for renewable batteries and specialty metal. Standard metallurgical checks have commenced.
• Assays from 16 drill holes nonetheless excellent from an extra 4.5km of strike at Reef 2.
• The Firm anticipates publishing an preliminary exploration goal for Reef 1 within the close to future.

Managing Director and CEO, Thomas Line, commented: “We are excited to have found a number of Platreef-style copper-PGE sulphide reefs from a primary pass-reconnaissance drilling program on the Dante Mission; the primary of its variety in Australia. Our subsequent step is to proceed to copy these outcomes over the in depth strike at the Dante Reefs, guaranteeing we are properly positioned for success.

“It’s clear that there’s a focus and mixture of excessive worth metals throughout the similar layers within the Dante Reefs. Chalcocite and bornite seem like the dominant copper-sulphides. Our extremely skilled metallurgical workforce, led by Dr. Evan Kirby, have already commenced preliminary metallurgical take a look at work, specializing in the applying of typical flowsheets.

“The invention of comparable model reefs within the Bushveld Province of South Africa has resulted in among the world’s largest, longest operating and most worthwhile PGE, copper, nickel, gold, vanadium and titanium mining operations with over 100 years of ongoing manufacturing. The stratiform reefs of the Bushveld common 1 to 2 metres in thickness and require complicated underground mining operations; nonetheless, their centennial mine life exemplifies how profitable most of these deposits will be. The 120 million tonne Platreef Deposit, which is thicker than the opposite reefs within the Bushveld, sits 600m beneath the floor requiring immense infrastructure together with one of many world’s largest hoist-shaft to extract the ore to the floor.

“The Dante Reefs, nonetheless, outcrop from floor over greater than 40km of strike, with a delicate dip and a median thickness of roughly 10 metres with a higher-grade basal reef layer, and a second, higher reef layer of decrease grade however comparable thickness.

“That is only the start of the invention story on the Dante Mission, the place the overwhelming majority of targets and strike stay undrilled. New insights on the Cronus Prospect are highlighting doable vectors for higher-grade magmatic sulphides. We look ahead to presenting these together with additional assays within the coming weeks.”

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