Consistent, shallow intersections of high-grade titanium bode well for the emergence of Terra Metals’ Dante Reefs as a polymetallic development opportunity. Pic: Getty Images
Mining
Special Report: Drilling at Terra Metals’ Dante Reefs project has intersected shallow, high-grade titanium along with strong concentrations of copper, gold, platinum group metals and vanadium over 2.5km of strike at the Reef 1 North target.
The consistent mineralisation includes notable intercepts of 10m at 18% titanium dioxide, 6m at 19.2% TiO2 and 4m at 21.3% TiO2 and highlights the potential for a large-scale, high-grade polymetallic development opportunity from surface at Dante.
Besides its use in making pigments whiter, titanium has seen increasing demand from technology and defence applications such as electric vehicles, battery storage, wind turbines and as a steel alloy.
Terra Metals (ASX:TM1) has been homing in on at least two Platreef-style reefs at the Dante discovery in WA’s West Musgrave region with recent assays from Reef 1 South confirming extensions to mineralised zones.
“Drill results from our second program at Reef 1 North continue to confirm the scale, grade, and continuity of mineralisation from surface over a 2.5km strike,” managing director Thomas Line said.
“The latest assays highlight the project’s potential as a significant multicommodity discovery, with high-grade titanium together with copper, gold, platinum group metals, and vanadium within the same mineralised system, over a large scale.
“This unique combination of critical and precious metals positions Dante Reefs as a strategically significant asset within Australia’s resource sector.
“While titanium continues to generate strong market interest, the full value of the Dante Reefs lies in its rich polymetallic metal assemblage. The presence of high concentrations of copper, gold, PGMs, and vanadium alongside the titanium provides multiple potential products, enhancing the project’s long-term potential.”
The assays from 27 of 28 reverse circulation holes returned significant intercepts, which highlight the scale, continuity, and consistency of the system from surface.
It also reinforces Dante Reefs as a significant multi-commodity discovery, with high-grade titanium complemented by substantial copper, gold, PGMs, and vanadium.
Assays are pending from a further 33 holes, following which the company expects to update its exploration targets as drilling continues to expand the scale of the discovery.
Ongoing exploration is also expected to strengthen its potential as a major multi-commodity project.
Polymetallic projects can have significant advantages over single commodity assets because co-products effectively reduce mining costs and hedge against downturns in other metals markets.
This article was developed in collaboration with Terra Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Mining
Health & Biotech
Mining
