Terra Metals (ASX:TM1) said reverse circulation and diamond drilling at Reef 1 North, Reef 2, Legacy, and Reef 5 prospects within the Dante project in Western Australia confirmed a laterally and vertically continuous, multi-reef titanium-vanadium-copper-platinum group metal system extending over tens of kilometers of strike, according to a Wednesday Australian bourse filing.

It reported intercepts of 47 meters at 9.8% grade of titanium oxide, 0.27% grade of vanadium pentoxide, 0.11% grade of copper, 0.18 grams-per-tonnes grade of platinum, palladium, and gold from surface, as well as seven meters at 19.3% grade of titanium oxide, 0.66% grade of vanadium pentoxide, 0.22% grade of copper, 0.56 g/t grade of the sum of platinum, palladium, and gold from 8 meters.

It plans to conduct a re-estimation of the project's mineral resource, incorporating the new dataset generated across the 2024-2025 drilling programs. It will also begin the next phase of resource expansion drilling in March.

Its shares fell 5% in recent trading on Wednesday.