Terra Metals’ latest drill hits extend Southwest PGM-Cu-Ni system
Original announcement by stockhead on
- Company
- Terra Metals
- Ticker
- TM1
- Exchange
- Unavailable
- Region
- Western Australia
- Primary commodity
- Platinum
- Secondary commodities
- Copper, Nickel
- Document categories
- Drill results, Other
- Extracted
- 2026-08-26 03:05:10 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Terra Metals has reported significant drill results from its Southwest discovery in Western Australia, extending PGM-Cu-Ni mineralisation by approximately 360m along strike. The intercepts from holes SWRD057, SWRD055, and SWDD018 demonstrate scale, continuity, and high-grade reefs within a broad mineralised package.
Reasoning: Significant drill intercepts extending the known strike of the PGM-Cu-Ni system by 360m, supporting a planned maiden MRE.
Positive factors
- extension of mineralisation along strike
- broad and high-grade intercepts
- continuity of the sulfide corridor
- mineralisation continuing to depth
Facts used in scoring: 14
Classification and evidence
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: SWRD057 extended high-grade mineralisation by about 360m along strike from previous drilling.
Evidence · text
“SWRD057 extended high-grade mineralisation by about 360m along strike from previous drilling”
Extracted facts
Stored fact records: 14. Some facts used in scoring do not have a stored record.
Drill Results (14)
SWRD057Southwest · platinumGrade: 0.96Grade Unit: g/t 3EIntercept: 52 mView all detailsHide details
Identity
- Hole ID
- SWRD057
- Project
- Southwest
- Commodity
- platinum
- Ticker
- TM1
Geometry
- Grade
- 0.96
- Grade Unit
- g/t 3E
- Intercept
- 52 m
- From
- 51 m
- To
- 103 m
Classification
- Sample Type
- drill
- Group ID
- SWRD057:51-103
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: Strong intercept contributing to strike extension.
Positive factors
- high-grade intercept
- strike extension
Evidence · text
“52m at 0.96g/t 3E (platinum + palladium + gold) and 0.11% copper from 51m”
SWRD057Southwest · copperGrade: 0.11Grade Unit: %Intercept: 52 mView all detailsHide details
Identity
- Hole ID
- SWRD057
- Project
- Southwest
- Commodity
- copper
- Ticker
- TM1
Geometry
- Grade
- 0.11
- Grade Unit
- %
- Intercept
- 52 m
- From
- 51 m
- To
- 103 m
Classification
- Sample Type
- drill
- Group ID
- SWRD057:51-103
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: Copper grade reported alongside PGM.
Positive factors
- accompanying PGM
Evidence · text
“0.11% copper from 51m”
SWRD057Southwest · platinumGrade: 0.88Grade Unit: g/t 3EIntercept: 177 mView all detailsHide details
Identity
- Hole ID
- SWRD057
- Project
- Southwest
- Commodity
- platinum
- Ticker
- TM1
Geometry
- Grade
- 0.88
- Grade Unit
- g/t 3E
- Intercept
- 177 m
- From
- 151 m
- To
- 328 m
Classification
- Sample Type
- drill
- Group ID
- SWRD057:151-328
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: Significant width and grade.
Positive factors
- broad intercept
Evidence · text
“177m at 0.88g/t 3E and 0.16% Ni from 151m”
SWRD057Southwest · nickelGrade: 0.16Grade Unit: %Intercept: 177 mView all detailsHide details
Identity
- Hole ID
- SWRD057
- Project
- Southwest
- Commodity
- nickel
- Ticker
- TM1
Geometry
- Grade
- 0.16
- Grade Unit
- %
- Intercept
- 177 m
- From
- 151 m
- To
- 328 m
Classification
- Sample Type
- drill
- Group ID
- SWRD057:151-328
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: Nickel grade reported alongside PGM.
Evidence · text
“0.16% Ni from 151m”
SWRD057Southwest · platinumGrade: 0.6Grade Unit: g/t 3EIntercept: 124 mView all detailsHide details
Identity
- Hole ID
- SWRD057
- Project
- Southwest
- Commodity
- platinum
- Ticker
- TM1
Geometry
- Grade
- 0.6
- Grade Unit
- g/t 3E
- Intercept
- 124 m
- From
- 416 m
- To
- 540 m
Classification
- Sample Type
- drill
- Group ID
- SWRD057:416-540
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: Broad intercept.
Evidence · text
“124m at 0.60g/t 3E and 0.12% nickel from 416m”
SWRD057Southwest · nickelGrade: 0.12Grade Unit: %Intercept: 124 mView all detailsHide details
Identity
- Hole ID
- SWRD057
- Project
- Southwest
- Commodity
- nickel
- Ticker
- TM1
Geometry
- Grade
- 0.12
- Grade Unit
- %
- Intercept
- 124 m
- From
- 416 m
- To
- 540 m
Classification
- Sample Type
- drill
- Group ID
- SWRD057:416-540
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: Nickel grade reported alongside PGM.
Evidence · text
“0.12% nickel from 416m”
SWRD057Southwest · platinumGrade: 0.69Grade Unit: g/t 3EIntercept: 10.66 mView all detailsHide details
Identity
- Hole ID
- SWRD057
- Project
- Southwest
- Commodity
- platinum
- Ticker
- TM1
Geometry
- Grade
- 0.69
- Grade Unit
- g/t 3E
- Intercept
- 10.66 m
- From
- 605 m
- To
- 615.66 m
Classification
- Sample Type
- drill
- Group ID
- SWRD057:605-615.66
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: Demonstrates depth continuity.
Positive factors
- mineralisation continues to depth
Evidence · text
“pierced 10.66m at 0.69g/t 3E from 605m”
SWRD055Southwest · platinumGrade: 0.84Grade Unit: g/t 3EIntercept: 232 mView all detailsHide details
Identity
- Hole ID
- SWRD055
- Project
- Southwest
- Commodity
- platinum
- Ticker
- TM1
Geometry
- Grade
- 0.84
- Grade Unit
- g/t 3E
- Intercept
- 232 m
- From
- 174 m
- To
- 406 m
Classification
- Sample Type
- drill
- Group ID
- SWRD055:174-406
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: Significant width and grade.
Positive factors
- broad intercept
Evidence · text
“232m at 0.84g/t 3E and 0.15% Ni from 174m”
SWRD055Southwest · nickelGrade: 0.15Grade Unit: %Intercept: 232 mView all detailsHide details
Identity
- Hole ID
- SWRD055
- Project
- Southwest
- Commodity
- nickel
- Ticker
- TM1
Geometry
- Grade
- 0.15
- Grade Unit
- %
- Intercept
- 232 m
- From
- 174 m
- To
- 406 m
Classification
- Sample Type
- drill
- Group ID
- SWRD055:174-406
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: Nickel grade reported alongside PGM.
Evidence · text
“0.15% Ni from 174m”
SWRD055Southwest · platinumGrade: 0.5Grade Unit: g/t 3EIntercept: 26.6 mView all detailsHide details
Identity
- Hole ID
- SWRD055
- Project
- Southwest
- Commodity
- platinum
- Ticker
- TM1
Geometry
- Grade
- 0.5
- Grade Unit
- g/t 3E
- Intercept
- 26.6 m
- From
- 431 m
- To
- 457.6 m
Classification
- Sample Type
- drill
- Group ID
- SWRD055:431-457.6
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: Narrower high-grade reef.
Evidence · text
“26.6m at 0.5g/t 3E and 0.12% Ni from 431m”
SWRD055Southwest · nickelGrade: 0.12Grade Unit: %Intercept: 26.6 mView all detailsHide details
Identity
- Hole ID
- SWRD055
- Project
- Southwest
- Commodity
- nickel
- Ticker
- TM1
Geometry
- Grade
- 0.12
- Grade Unit
- %
- Intercept
- 26.6 m
- From
- 431 m
- To
- 457.6 m
Classification
- Sample Type
- drill
- Group ID
- SWRD055:431-457.6
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: Nickel grade reported alongside PGM.
Evidence · text
“0.12% Ni from 431m”
SWRD055Southwest · platinumGrade: 0.68Grade Unit: g/t 3EIntercept: 70 mView all detailsHide details
Identity
- Hole ID
- SWRD055
- Project
- Southwest
- Commodity
- platinum
- Ticker
- TM1
Geometry
- Grade
- 0.68
- Grade Unit
- g/t 3E
- Intercept
- 70 m
- From
- 502 m
- To
- 572 m
Classification
- Sample Type
- drill
- Group ID
- SWRD055:502-572
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: Significant intercept.
Evidence · text
“70m at 0.68g/t 3E and 0.12% Ni from 502m”
SWRD055Southwest · nickelGrade: 0.12Grade Unit: %Intercept: 70 mView all detailsHide details
Identity
- Hole ID
- SWRD055
- Project
- Southwest
- Commodity
- nickel
- Ticker
- TM1
Geometry
- Grade
- 0.12
- Grade Unit
- %
- Intercept
- 70 m
- From
- 502 m
- To
- 572 m
Classification
- Sample Type
- drill
- Group ID
- SWRD055:502-572
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: Nickel grade reported alongside PGM.
Evidence · text
“0.12% Ni from 502m”
SWDD018Southwest · platinumGrade: 0.46Grade Unit: g/t 3EIntercept: 46.6 mView all detailsHide details
Identity
- Hole ID
- SWDD018
- Project
- Southwest
- Commodity
- platinum
- Ticker
- TM1
Geometry
- Grade
- 0.46
- Grade Unit
- g/t 3E
- Intercept
- 46.6 m
- From
- 205.4 m
- To
- 252 m
Classification
- Sample Type
- drill
- Group ID
- SWDD018:205.4-252
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: Part of a principal interval.
Evidence · text
“46.6m at 0.46g/t 3E from 205.4m”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.