Terra Metals Dante Project: World-Class Critical Metals Discovery Emerges

Dante Project Emerges as a World-Class Critical Metals Discovery

Terra Metals (ASX:TM1) has unveiled a massive maiden Mineral Resource Estimate (MRE) at its Dante Project in Western Australia’s West Musgrave region, confirming the project as a globally significant critical metals discovery. The MRE, delivered just 12 months after initial discovery, totals 148 million tonnes at 14.8% TiO₂, 0.54% V₂O₅, 0.18% Cu, and 0.33g/t 3PGE (platinum, palladium and gold), for a copper equivalent grade of 1.38% CuEq.

This substantial resource contains approximately 22 million tonnes of titanium dioxide, 800,000 tonnes of vanadium pentoxide, 270,000 tonnes of copper, and 1.6 million ounces of platinum group elements and gold.

What’s particularly impressive is the high-grade indicated portion of the resource, which stands at 38 million tonnes at 18.4% TiO₂, 0.73% V₂O₅, 0.23% Cu, and 0.71g/t 3PGE (1.87% CuEq). This higher-confidence resource alone contains 7 million tonnes of titanium dioxide, 280,000 tonnes of vanadium pentoxide, and 870,000 ounces of precious metals.

“Our maiden Mineral Resource confirms Dante as a globally significant critical metals discovery — and to achieve it within just 12 months, at a very low discovery cost per tonne of resource, is an exceptional result. Not only have we exceeded our previous Exploration Target, but the quality of the mineral system — its scale, near-surface continuity, metallurgical performance and growth potential — positions Dante as a strategic, long-life critical metal asset on a global scale.” – Thomas Line, CEO and Managing Director

Resource Delivered at Remarkable Speed and Efficiency

The speed at which Terra Metals has defined this resource is particularly noteworthy. The company has managed to outline the maiden resource within just 12 months of discovery, with a remarkably low discovery cost of approximately A$0.07 per tonne of resource.

This efficiency highlights the favorable characteristics of the Terra Metals Ltd Dante Project’s mineral system — it’s shallow, laterally extensive, and highly continuous. The MRE was completed by independent consultant Ken Lomberg from Pivot Mining Consultants, a leading expert in layered intrusions with over 38 years of experience.

Perhaps most exciting for investors is that the current resource area covers less than 10% of the mapped mineralized trend, suggesting enormous growth potential as exploration continues. The mineral system remains open along strike and at depth, with reconnaissance work already expanding the known footprint.

Understanding the Dante Project’s Geological Setting

The Dante Project is situated within the Jameson Layered Intrusion, part of the Giles Intrusive Complex in Western Australia’s West Musgrave region. This geological setting is comparable to South Africa’s Bushveld Complex, one of the world’s richest sources of platinum group elements with an estimated 2.2 billion ounces of PGEs.

The resource encompasses three deposits with approximately 12.6km of shallowly dipping (20-30° to the southwest) copper-PGE magnetite reefs. The mineralisation occurs in two zones — the Upper Reef and Basal Reef — which are separated by about 30-60 meters of gabbronorite. The Basal Reef consistently shows the highest copper and PGE grades.

This type of stratiform, reef-style mineralisation is known for its lateral continuity and predictability, which supports efficient resource growth through targeted drilling.

Excellent Metallurgical Performance Enhances Project Economics

Initial metallurgical testwork has delivered exceptional results, confirming the project’s potential to produce multiple high-value concentrate products using conventional processing methods. The testwork was directed by respected metallurgist Dr. Evan Kirby, who has extensive experience with PGMs and vanadiferous titanomagnetite deposits.

Key metallurgical highlights include:

• • Excellent recovery rates across all key metals, including copper (95.8%), titanium dioxide (65.6%), vanadium pentoxide (90.9%), platinum group metals (74.4%), and gold (75.8%)

• • Production of a high-grade copper-precious metals concentrate (28.0% Cu, 17g/t Au, 21.4g/t PGM)

• • Successful production of titanium-ilmenite and vanadium-magnetite concentrates through low-cost magnetic separation techniques

• • No deleterious elements identified in concentrates

These results support the potential for Dante to become a competitive producer of multiple strategic mineral products from a single operation, significantly enhancing the project economics.

What Are Critical Metals and Why Do They Matter?

Critical metals are those considered essential for modern technologies and industries but face supply risks due to geological scarcity, geopolitical issues, or market factors. The Dante Project hosts several metals classified as critical by major economies, including:

Titanium (TiO₂): Essential for aerospace components, medical implants, and high-performance alloys. Titanium dioxide is also widely used as a pigment in paints, plastics, and paper.

Vanadium (V₂O₅): A key component in high-strength steel alloys and increasingly important for grid-scale energy storage through vanadium redox flow batteries.

Platinum and Palladium: Critical catalysts for emissions control in vehicles and essential components in electronics, fuel cells, and chemical processing.

Copper: While traditionally not classified as a critical metal, copper is essential for the renewable energy transition, with electric vehicles requiring up to four times more copper than conventional vehicles.

The combination of these metals in a single deposit in a stable jurisdiction like Australia makes the Dante Project particularly strategic in global critical minerals supply chains.

Upcoming Catalysts and Growth Potential

With the maiden resource now established, Terra Metals is preparing to accelerate its exploration and development activities. Phase 3 drilling is set to commence imminently, focusing on resource growth and potential new discoveries across multiple reef corridors.

The company is well-funded for all currently planned activities, following a recent $4 million strategic placement to Golden Energy and Resources (GEAR) and Matt Lattimore.

Key upcoming catalysts include:

• • Results from Phase 3 drilling targeting resource expansions at Reef 1 North (Crius), Reef 2 (Hyperion), and Reef 1 South (Oceanus)

• • Testing of new targets across the broader Dante trend, including outcropping mapped reefs and electromagnetic targets

• • Ongoing metallurgical optimisation work to support future scoping and feasibility studies

• • High-resolution airborne magnetics on the recently acquired HRM tenements (Dante West)

Given that the current resource covers less than 10% of the mapped mineralized trend, there’s substantial potential for resource growth in the near term.

Why Investors Should Take Notice

The Dante Project represents a rare opportunity in the mining sector — a large-scale, multi-metal critical minerals discovery in a stable jurisdiction with outstanding metallurgical characteristics and significant growth potential.

Several factors make this project particularly compelling for investors:

1. 1. Strategic Metal Exposure: The deposit contains a suite of metals essential for the clean energy transition and advanced manufacturing.

1. 1. Scale and Grade: At 148 million tonnes containing multiple high-value metals, Dante already ranks as a globally significant critical metals discovery.

1. 1. Exploration Upside: With less than 10% of the mineralized trend covered by the current resource, the growth potential is enormous.

1. 1. Metallurgical Performance: The demonstrated ability to produce multiple high-grade concentrates significantly enhances potential project economics.

1. 1. Rapid Progress: The speed at which Terra Metals has advanced from discovery to maiden resource (just 12 months) speaks to both the quality of the deposit and the capability of the management team.

As global demand for critical metals continues to grow, driven by clean energy technologies and industrial applications, the Terra Metals Ltd Dante Project is well-positioned to become a strategically important source of these essential materials. With multiple catalysts on the horizon and substantial exploration upside, Terra Metals represents a compelling opportunity for investors seeking exposure to the critical minerals sector.

Want to Invest in a World-Class Critical Metals Discovery?

Terra Metals’ maiden resource at the Dante Project has established it as a globally significant critical metals asset with substantial growth potential. To learn more about this strategic opportunity in titanium, vanadium, copper and PGEs—with exceptional metallurgical performance and exploration upside across 90% of the mineralised trend still untapped—visit Terra Metals’ website for investor information and project updates.