Terra Metals Accelerates Growth with Phase 3 Drilling at Dante Project
Terra Metals (ASX: TM1) has commenced its Phase 3 drilling program at the 100%-owned Dante Project in Western Australia's emerging West Musgrave mining hub. This strategic expansion follows the company's recent announcement of a 148 million tonne maiden Mineral Resource Estimate (MRE), confirming Dante as a globally significant polymetallic system.
The new drilling campaign aims to expand the existing resource at Reef 1 and Reef 2 while testing new high-priority targets at Dante Southwest and across the Jameson Layered Intrusion, where less than 10% of the potential strike length has been explored.
This ambitious Terra Metals Phase 3 drilling at Dante Project comes after Terra Metals secured $15 million in a placement led by Golden Energy and Resources (GEAR), Tribeca Investment Partners, and investor Matt Latimore, ensuring the company is well-funded to accelerate its growth strategy.
Expanding a World-Class Polymetallic Resource
The Dante Project has rapidly emerged as one of Australia's most promising multi-metal discoveries. The maiden MRE announced in August 2025 established an impressive resource base with significant grades across multiple valuable metals:
| Category | Tonnage (Mt) | TiOâ‚‚ (%) | Vâ‚‚Oâ‚… (%) | Cu (%) | 3PGE (g/t) | CuEq (%) |
|---|---|---|---|---|---|---|
| Indicated | 38 | 18.4 | 0.73 | 0.23 | 0.71 | 1.87 |
| Inferred | 110 | 13.5 | 0.47 | 0.16 | 0.21 | 1.21 |
| Total | 148 | 14.8 | 0.54 | 0.18 | 0.33 | 1.38 |
This resource already contains approximately:
- 22 million tonnes of titanium dioxide
- 800,000 tonnes of vanadium pentoxide
- 270,000 tonnes of copper
- 1.6 million ounces of platinum, palladium, and gold combined
"The commencement of Phase 3 drilling is an exciting milestone for Terra Metals. This program is designed to expand the existing Mineral Resource at Reef 1 and Reef 2, while also drill-testing new targets that demonstrate the scale of the Dante system. Backed by the strong support of our recent $15 million placement, we are well funded to accelerate exploration and drive meaningful growth and new discoveries through this campaign."
- Thomas Line, Managing Director and CEO
Understanding Layered Intrusions: The Key to Dante's Potential
The Dante Project is hosted within the Jameson Layered Intrusion, part of the Giles Complex. This geological formation shares characteristics with South Africa's famed Bushveld Complex, one of the world's richest sources of platinum group metals, chromium, and vanadium.
Layered intrusions form when magma cools slowly underground, allowing different minerals to crystallize at different temperatures. This process creates distinct layers or "reefs" enriched in specific metals. At Dante, these reefs are particularly rich in titanium, vanadium, copper, and platinum group elements.
What makes these formations particularly attractive for mining is their lateral consistency. Once a reef is identified, it can often be traced for many kilometers with relatively predictable metal content, making exploration and eventual mining more efficient and less risky than many other deposit types.
The Dante Project's location at the junction of three major geological provinces (North, West, and South Australian Cratons) enhances its prospectivity, as these geological boundaries often host significant mineral deposits.
Strategic Exploration Plan Targeting Multiple Growth Opportunities
The Terra Metals Phase 3 drilling at Dante Project has been strategically designed to pursue three parallel objectives:
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Resource Expansion: Step-out drilling at Reef 1 and Reef 2 aims to extend the known mineralization along strike and at depth, potentially adding significant tonnage to the existing 148Mt resource.
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New Discovery Potential: First-pass drilling at Dante East and several additional high-priority magnetic and geochemical anomalies will test the broader potential of the Jameson Layered Intrusion.
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District-Scale Opportunity: Systematic testing of multiple parallel reef structures identified but not yet drill-tested could reveal additional mineralized systems across the property.
With only about 10% of the total strike length tested to date, the potential for resource growth is substantial. Recent tenement acquisitions have extended the strike potential to over 80 kilometers, with hundreds of kilometers of prospective stratigraphy within the project footprint.
Investment Case: Why Terra Metals Deserves Attention
Terra Metals represents a compelling investment opportunity for several key reasons:
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World-Class Resource Base: The maiden 148Mt MRE already positions Dante among significant global polymetallic deposits, with strong grades across titanium, vanadium, copper, and platinum group elements.
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Strategic Metal Exposure: The project provides exposure to critical metals essential for the energy transition. Titanium and vanadium are increasingly important for energy storage solutions, while copper remains fundamental to electrification.
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Exploration Upside: With less than 10% of the strike length tested and multiple reef targets identified, the potential for resource growth is exceptional.
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Strong Financial Position: Following the recent $15 million placement, Terra Metals is well-funded to execute its exploration strategy without immediate capital constraints.
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Experienced Leadership: Under CEO Thomas Line, the company has rapidly advanced from discovery to resource definition, demonstrating the team's ability to execute efficiently.
Critical Metals in a Strategic Location
Terra's Dante Project benefits from its location in Western Australia's emerging West Musgrave mining hub. This region is gaining recognition as a significant new mining district, with major companies establishing operations in the area.
The project's multi-metal nature provides natural diversification across commodities with strong demand outlooks:
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Titanium: Essential for lightweight, high-strength alloys used in aerospace and medical applications. Titanium dioxide is also the world's most widely used white pigment.
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Vanadium: Critical for high-strength steel alloys and increasingly important for vanadium redox flow batteries, which offer long-duration energy storage solutions.
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Copper: Fundamental to global electrification and renewable energy infrastructure.
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Platinum Group Elements: Essential catalysts for emissions control systems and hydrogen fuel cells, with growing importance in the clean energy transition.
What's Next for Terra Metals
The Phase 3 drilling program now underway represents a pivotal moment for Terra Metals as it seeks to demonstrate the full scale of the Dante system. Investors should watch for:
- Drilling results from the extension of Reef 1 and Reef 2, which could significantly expand the resource base
- First-pass results from previously untested targets, potentially revealing new discovery zones
- Updated resource estimates incorporating the Terra Metals Phase 3 drilling at Dante Project data
- Metallurgical optimization studies building on previous testwork
With a systematic exploration approach, strong financial backing, and exposure to critical metals, Terra Metals is strategically positioned to deliver significant shareholder value as it advances the Dante Project toward becoming a major new mining operation in Western Australia.
Want to Invest in Australia's Next Major Polymetallic Discovery?
Don't miss the opportunity to be part of Terra Metals' exciting growth story as they expand their significant 148Mt resource at the Dante Project. With a well-funded exploration programme underway and exposure to critical metals essential for the energy transition, Terra Metals (ASX: TM1) represents a compelling investment opportunity. To learn more about their Phase 3 drilling campaign and the potential of this world-class polymetallic system in Western Australia's emerging West Musgrave mining hub, visit Terra Metals' website today.
