Terra Metals Limited
TM1.ASXMaterials
Mineral exploration
Market Data
$0.367
+0.0%$376.3M
-100000.0x
$-0.020
0.00%
+0.5%
Latest Earnings
March 2026 Quarterly Report
30 April 2026
Terra Metals Limited reported significant exploration progress during Q1 FY2026, with major PGM-Cu-Ni sulfide discoveries at the Southwest prospect spanning 850m strike length and up to 172m downhole thickness, including exceptional intercepts up to 54 g/t PGE7. The company strengthened its financial position considerably, raising A$85 million gross proceeds from a placement at A$0.37/share and ending the quarter with approximately A$67 million in cash, positioning it well for expanded H1 2026 drilling programs. Key points: Significant platinum group metal (PGM) sulfide discovery at Southwest prospect with exceptional high-grade intercepts, including 54.00 g/t PGE7 (1.74 oz/t) over 1m and 27.97 g/t PGE7 over 3m; Southwest mineralised footprint now spans 850m strike length, up to 650m interpreted lateral extent, and up to 172m downhole thickness, with SW5 and SW6 zones linked by continuous mineralisation; Strong financial position with A$67 million in cash post-placement completion and A$21 million additional capital expected in May 2026, providing 13.7 quarters of estimated funding
Recent Announcements
March 2026 Quarterly Report
Terra Metals Limited reported significant exploration progress during Q1 FY2026, with major PGM-Cu-Ni sulfide discoveries at the Southwest prospect spanning 850m strike length and up to 172m downhole thickness, including exceptional intercepts up to 54 g/t PGE7. The company strengthened its financial position considerably, raising A$85 million gross proceeds from a placement at A$0.37/share and ending the quarter with approximately A$67 million in cash, positioning it well for expanded H1 2026 drilling programs. Key points: Significant platinum group metal (PGM) sulfide discovery at Southwest prospect with exceptional high-grade intercepts, including 54.00 g/t PGE7 (1.74 oz/t) over 1m and 27.97 g/t PGE7 over 3m; Southwest mineralised footprint now spans 850m strike length, up to 650m interpreted lateral extent, and up to 172m downhole thickness, with SW5 and SW6 zones linked by continuous mineralisation; Strong financial position with A$67 million in cash post-placement completion and A$21 million additional capital expected in May 2026, providing 13.7 quarters of estimated funding
Ceasing to be a substantial holder
GOHKIANTAT ceased to be a substantial holder.
Becoming a substantial holder
Pine Energy Pte Ltd became a substantial holder of Terra Metals Ltd (ACN 155 933 010) on 5 March 2026, acquiring 57,193,332 ordinary shares representing 5.9% voting power, with GB Capital Management Limited listed as a controlling associate.
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