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Latest News From Terra Resources

Below you will find up-to-date news from the Terra Resources team along with articles of interest

Commencement of Fieldwork at Cross Lake Lithium Project

Hyperspectral imagery and desktop targeting has identified over 300 walk up targets for field inspection in 2024. Leeuwin Metals engaged Terra Resources Ltd to process and analyse both ASTER and Sentinel-2 satellite imagery over the project. Targets were generated in conjunction with proprietary algorithms from Terra.

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Additional Drill Targets at Gascoyne East Project

Following the acquisition of the first high-resolution gradiometer magnetic data across the Project, Odessa identified a 14km-long lenticular high-amplitude magnetic body with distinct internal layering within the Dalgaringa Supersuite. 3D magnetic inversion modelling shows the lenticular magnetic feature to have a near-vertical southeastern dip and is located within 500m of the surface.

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Exciting Copper-Gold porphyry targets identified at Mt Rawdon Project

Using technology developed by the Centre for Exploration Targeting (CET), multiple blind intrusives have been identified confirming the target areas have seen multiple generations of potentially mineralised magma pulses. These blind intrusives have been identified confirming the target areas have seen multiple generations of potentially mineralised magma pulses. These blind intrusives, identified during this process, align with the current surface copper-gold-molybdenum anomalies.

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Mbe Exploration Update

During Q1-2024, Terra Resources (‘Terra’) completed an interpretation of geophysics (ground magnetic) data collected by the Company in 2023.

Terra has identified a series of point targets across the licence area, which are interpreted to represent remnant pyrrhotite mineralisation. Of the 22 targets identified, 12 were located either within or adjacent to the MB-01 zone.

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Pan Global Intersects 11 Meters at 2.36g/t Gold and 22 Meters at 0.41% Copper, Expanding Cañada Honda Copper-Gold Discovery, Spain

CHD12 drill results confirmed broad copper and gold intercepts coincident with the modelled gravity and induced polarization (IP) resistivity low targets. This includes the best gold grade-thickness intercept and widest copper intercept to-date at the Cañada Honda target. The results expand the mineralization a further 80m west of hole CHD05, and provide further confirmation of the potential for the mineralization to increase to the west, following a two-kilometer long east-west gravity target.

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Roll-front Uranium Potential at Relief Well

Re-processing of the 2007 Newera Uranium Ltd VTEM survey data has confirmed the presence of a palaeochannel at the Relief Well prospect with a strike length of >8km that remains open to the south. Depth-slice analysis of re-processed VTEM imagery has delineated the deepest portions of the palaeochannel that are most likely to host significant roll front-type uranium mineralisation.

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Bibemi Update: Phase 5 Drilling Programme and Results of Geophysics

During Q1-2024, Terra Resources (‘Terra’) completed an interpretation of geophysics (ground magnetic) data collected by the Company in 2023. Two broadly parallel NE-SW positive magnetic trends dominate the central and northeastern part of the survey (covering Bakassi Zone 1 and Bakassi Zone 2) and represent the known shear zone. A less pronounced NE-SW magnetic trend is present in the southern half of the survey area (around Lawa West and Lawa East) with an influence of ENE-WSW positive magnetic trends.

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Multiple New Nickel Sulphide Outcrops – PNG

The Company has commissioned Terra Resources to trial new modelling techniques (2.5D inversion software) to extract additional information from historical VTEM surveys. The outputs have confirmed electromagnetic responses from known target areas such as Veri Veri and have revealed new targets. Of particular interest is an EM conductivity high SSW of the established Veri Veri nickel sulphide outcrops, which represents a new priority area for follow up.

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