Terra Metals Says Assays From Western Australia Project Target Confirm Platinum Group Metal-Copper-Nickel Sulfide Discovery; Shares Fall 7%

MT Newswires Live

Jan 06

Terra Metals (ASX:TM1) said that assays from the SW6 target confirmed a new platinum group metal-copper-nickel sulphide discovery within the Southwest prospect, part of the Dante project in Western Australia, according to a Tuesday Australian bourse filing.

It encountered an intercept of 8 meters at 1.4 grams per tonne (g/t) of the sum of platinum, palladium, and gold, as well as 0.1% grade of copper, 0.2% grade of nickel, and about 25% grade of magnesium oxide from 142 meters.

Terra Metals' shares fell past 7% in recent trading on Tuesday.

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