en.Wedoany.com Reported - Terra Metals has achieved new drilling results at its Dante project in the West Musgrave region of Western Australia, intersecting a 157-meter mineralized zone from just 5 meters below surface at the Southwest discovery, indicating that the platinum group metals (PGM) sulfide system extends almost to the surface.

This intercept represents the widest drilling result to date from the Southwest Main Zone, grading 0.73 grams per tonne platinum, palladium and gold (PGE3) and 0.16% nickel. Within this, a 50-meter section at 74 meters depth grades 1.27 g/t PGE3, and a separate 3-meter section grades 5.05 g/t PGE3 with 0.62% nickel and 0.27% copper.

Terra Metals CEO and Managing Director Thomas Line said the latest results confirm the continuity of the large mafic-ultramafic orebody within the Southwest Main Zone along both strike and dip, showing exceptional thickness compared to most recognized PGM reef systems globally. PGM reefs are typically associated with narrow mineralized horizons, generally ranging from about 10 centimeters to 2 meters in thickness, with exceptions including the Platreef in South Africa and the newly discovered Southwest discovery in Western Australia.

Two other drill holes on the same section also returned similar results. One hole intersected 150 meters of mineralization from 54 meters depth, grading 0.86 g/t PGE3, 0.15% nickel, and 0.10% copper; the other hole encountered two mineralized layers, with the deeper layer intersecting 80 meters from 180 meters depth, grading 1.08 g/t PGE3.

Line noted that the identification of higher-grade internal reef horizons, comparable in grade and thickness to globally significant PGM reefs such as the Merensky Reef and UG2, enhances the immense potential of the Southwest zone. The Merensky Reef and UG2 are located in South Africa's Bushveld Complex, the world's primary source of mined platinum.

The Main Zone now extends over 950 meters along strike, approximately 700 meters in width, and at least 750 meters down dip, with drilling yet to close off the orebody in any direction. Mineralization begins just meters below surface, enabling a low strip ratio starter pit.

The Southwest zone lies outside Terra's 148-million-tonne Dante resource, within the Jameson Layered Intrusion. This intrusion is an 80-kilometer-long igneous body wholly owned by Terra Metals in the far east of Western Australia, near the borders of the Northern Territory and South Australia.

Diamond drilling tail samples, reaching depths of up to 918 meters, are still in the laboratory and will reveal the deep structure of the system for the first time. The maiden resource for the Southwest zone is expected to be announced by the end of 2026, followed by a pre-feasibility study.

Five drill rigs remain active at the Southwest zone, with drilling progress running several months ahead of the assay results reported to the market.