Terra Metals (ASX:TM1) CEO Thomas Line says further results from drilling at the Dante Project in Western Australia demonstrate the Southwest sulphide system to be “growing rapidly in scale and geological confidence”.
“We are now defining mineralised stratigraphy across approximately 650m of width, 850m in strike length, and at least 348m in depth extent, with consistent platinum group metals (PGM)-copper-nickel sulphide mineralisation intersected in multiple zones,” Line says.
“What makes Southwest particularly compelling is the combination of thick, laterally extensive sulfide mineralisation at SW5 and SW6, alongside the broader oxide and iron-oxide-apatite mineral systems we are defining.
“This confirms we are dealing with a large, long-lived, and chemically fertile magma chamber capable of generating multiple critical mineral systems.
“With drill spacing tightening and mineralisation now demonstrated across multiple zones, our next phase of drilling will focus on finding the true extent of the PGM-copper-nickel sulphide system at Southwest.”
Assays include 35m @ 2.94 grams per tonne PGE7 from 48m, including 14m @ 6.77g/t PGE7 from 68m, and 26m @ 1.34g/t PGE7 from 172m, including 4m @ 1.79g/t PGE7 from 194m.
PGE7 is the sum of platinum, palladium, rhodium, iridium, osmium, ruthenium, and gold.
Chief Geologist Solomon Buckley says the PGE7 findings confirm a metal pattern expected in a dynamic feeder-conduit system.
“In systems like this, palladium typically dominates because of its strong chalcophile behaviour, while the iridium-group metals mark proximity to the primary sulfide accumulation zone,” Buckley says.
“These results continue to validate our geological model and point to the potential for a large, high-tenor PGM system at Southwest — one capable of delivering both broad sulfide zones and discrete, exceptionally high-grade intervals.”
Terra Metals is focused on the development of its Dante Project, located in the West Musgrave region of Western Australia.
Write to Maddison Elliott at Mining.com.au
Images: Terra Metals
