#dantereefs

Terra Metals Limited (ASX: TM1) ("Terra Metals" or "the Company") has announced exciting new developments from its Dante Reefs Project, highlighting the discovery of high-grade titanium mineralisation at Reef 1 North. The results from the recent drilling program confirm that titanium mineralisation extends over a 2.5km strike length at surface, enhancing the project's significant multi-commodity potential.

Terra Metals Limited (ASX: TM1) has announced exceptional drill results from the Dante Reefs Project, confirming continuous high-grade titanium from surface over a 2.5km strike at Reef 1 North. The results also show high concentrations of copper (Cu), platinum group metals (PGMs), vanadium (V₂O₅), and gold (Au) within the same mineralised system, highlighting the potential for a large-scale, high-grade polymetallic development opportunity at Dante.

📍 Key Highlights:

High-grade titanium mineralisation starting from surface, with standout intercepts such as:

9m at 18.6% TiO₂, 0.58g/t PGE3, 0.16% Cu, 0.70% V₂O₅ from surface (URC037).

6m at 19.2% TiO₂, 0.80g/t PGE3, 0.07% Cu, 0.92% V₂O₅ from 5m (URC014).

4m at 21.3% TiO₂, 0.82g/t PGE3, 0.14% Cu, 0.93% V₂O₅ from 5m (URC045).

Drilling results confirm the scale, grade, and continuity of the shallow mineralisation.

Assays are pending for a further 33 drillholes, with more drilling underway to expand the deposit.

💬 Managing Director and CEO, Thomas Line, commented:

“Drill results from Reef 1 North confirm the scale, grade, and continuity of mineralisation from surface over a 2.5km strike. These latest assays highlight the potential for the project to be a significant multi-commodity discovery.

The combination of high-grade titanium, copper, gold, PGMs, and vanadium within the same mineralised system positions Dante Reefs as a strategically important asset in Australia’s resource sector. As titanium remains in high demand, the polymetallic nature of the project adds immense long-term value, further enhancing its commercial prospects.”

Investor Outlook:

As of 28 January 2025, Terra Metals (ASX: TM1) is trading at $0.032, marking a 14.29% increase. The company has a market capitalisation of $12.71M, with a notable daily trading volume of 3,167,630 shares. The stock saw a high of $0.039 and a low of $0.032, reflecting strong investor interest. Terra Metals remains well-positioned to continue its growth trajectory, driven by ongoing drilling results and market anticipation.

Titanium, known for its exceptional corrosion resistance and high strength-to-weight ratio, plays a key role in the titanium dioxide industry, which is valued at USD 1,897.7 million in Australia as of 2024. Projections indicate steady growth at a CAGR of 5.2% through 2034, presenting significant long-term value creation opportunities for companies like Terra Metals.

This is not investment advice; please conduct your own research before making any investment decisions.