Business · Energy & Commodities · 7 hrs ago
Terra Metals reports high-grade platinum and palladium at WA project
Terra Metals reported its strongest grades yet at the Southwest discovery in Western Australia.
The discovery is part of the company’s wholly owned Dante project in the West Musgrave region.
A drill hole intersected 67 metres grading 2.07 grams per tonne of platinum, palladium and gold, including narrower, higher-grade intervals.
The company says the findings support its view that mineralised layers continue deeper and across the central part of the area.
Four rigs are still drilling, with more than 35,000 metres of samples awaiting results.
Terra is targeting a first estimate of the deposit’s mineral resources in the first quarter of 2027, with metallurgical results expected this quarter.
Further work will test the deposit and how its metals can be recovered before the company assesses a possible development.
Terra Metals reported its strongest platinum-group metal grades yet at the Southwest discovery in Western Australia.
A diamond-drilling interval returned 67 metres at 2.07 grams per tonne of combined platinum, palladium and gold.
Within that interval, 31.9 metres graded 3.96 grams per tonne, including 1.1 metres at 72.71 grams per tonne.
The company said drilling supports its interpretation that stacked mineralised reefs continue at depth.
Terra is targeting a maiden mineral resource estimate for the first quarter of 2027.
- Who
- Terra Metals, which is exploring the Southwest discovery.
- What
- Drilling returned project-best platinum-group metal grades, including 67 metres at 2.07 grams per tonne of platinum, palladium and gold.
- When
- The results were reported on November 10, 2026.
- Where
- The Southwest discovery, within Terra’s wholly owned Dante project in Western Australia’s West Musgrave region.
- Why
- The drilling is intended to define the mineralised inventory and support a maiden resource estimate.
This story does not have two clearly opposing sides.
Drilling intersected 200 metres of mineralisation starting at surface.
Terra Metals reported project-best grades from drilling at Southwest.
Terra is targeting a maiden mineral resource estimate for Southwest.
- Best broad intersection
- 67 metres at 2.07 grams per tonne 3E
- Higher-grade interval
- 31.9 metres at 3.96 grams per tonne 3E
- Highest-grade sample
- 1.1 metres at 72.71 grams per tonne 3E
- Drill samples awaiting assays
- More than 35,000 metres
- Active rigs
- Four
- Target resource timing
- First quarter of 2027
What people are saying
Between those two results, more than 35,000m of samples awaiting assay from more than 70,000m drilled this year, metallurgical results are due this quarter and a maiden Mineral Resource Estimate is on track for the first quarter of 2027, meaning shareholders can expect a steady flow of news as this discovery takes shape