Terra Metals Confirms Second Platinum Group Metal-Sulfide Discovery at Western Australia Prospect; Shares Up 25%
MT Newswires Live01-14 11:20
Terra Metals (ASX:TM1) confirmed a second platinum group metal-copper-nickel sulfide discovery at the Southwest prospect within the Dante project in Western Australia through initial assays from first-pass reconnaissance drilling at the SW5 target, according to a Wednesday filing with the Australian bourse.
The SW5 discovery, located about 800 meters south of SW6, also confirmed the presence of platinum group metal-sulfide mineralization at multiple locations across the Southwest area, the filing said.
Assays are pending for all reported visual sulfides from Southwest, per the filing.
Shares surged 25% in afternoon trade Wednesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
