Business · Energy & Commodities · 1 hr ago
Terra Metals reports shallow and deep mineralisation at Southwest
Terra Metals has reported mineralisation at its Southwest prospect in Western Australia from drilling near the surface and at depth.
The results include platinum, palladium and gold, which the company groups as “3E,” as well as copper and nickel.
Shallow holes returned intersections up to 200 metres long, though these are downhole lengths and the true widths are not yet known.
Diamond drilling also found a higher-grade section at depth, within an intersection measuring 181 metres downhole.
The results extend known near-surface mineralisation, which the company says may support open-pit mining and selective processing; these are possibilities, not established project outcomes.
More than 40,000 metres of drilling results are awaiting assays, and five rigs continue work at the prospect.
Terra is targeting a first resource estimate for Southwest in the first quarter of 2027, with a scoping study planned afterward.
Terra Metals reported thick platinum-group metal, copper and nickel mineralisation from surface at its Southwest prospect.
Shallow reverse-circulation drilling returned intersections of 194 metres and 200 metres, while diamond drilling found a 181-metre intersection at depth.
The company says the results support the potential for low-strip open-cut mining and selective processing of higher-grade reef material.
Terra is continuing resource-definition drilling and is targeting a maiden Southwest mineral resource estimate in the first quarter of 2027.
- Who
- Terra Metals, an Australian-listed company.
- What
- It reported shallow and deep platinum-group metal, copper and nickel mineralisation at Southwest.
- When
- The report was published on 14 October 2026.
- Where
- The Southwest prospect, in the West Musgrave region of Australia.
- Why
- The drilling is part of a resource-definition program targeting a maiden mineral resource estimate.
This story does not have two clearly opposing sides.
Terra Metals reported the latest shallow and deep drilling results at Southwest.
Terra is targeting a maiden mineral resource estimate for Southwest.
- Shallow RC intersection
- 194m at 1.01g/t 3E, 0.10% copper and 0.17% nickel from 15m
- Second shallow RC intersection
- 200m at 0.75g/t 3E and 0.16% nickel from surface
- Diamond drilling intersection
- 181m at 1.12g/t 3E, 0.12% copper and 0.15% nickel from 144.13m
- Additional drilling results awaiting assays
- More than 40,000m
- Maiden Southwest resource target
- First quarter of 2027
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What people are saying
Southwest continues to grow in scale, and these latest results further demonstrate that the mineralisation extends right to surface.
These characteristics support the potential for low strip, open cut mining, as well as the potential ability to selectively process the high-grade reef material to catalyse project economics during initial mining phases.