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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

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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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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Field Activities Update at Yinnietharra Lithium Project

Bubalus engaged Terra Resources to conduct a remote sensing geophysical and spectral review of available data from the Yinnietharra Project. Sentinel-2 and ASTER remote sensing products were acquired, reprocessed and interpreted to identify signatures which may represent outcropping or sub-cropping pegmatites within the project tenure, with a number of potential pegmatite targets being identified.

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Pan Global Intersects 1.04% Copper over 15.9 meters at Western Expansion of La Romana Copper-Tin-Silver Discovery

Assay results for five new drill holes from the western extension of the La Romana copper-tin-silver discovery confirm the mineralization extends over more than 1.35 kilometers of strike and remains open. These drill results include the highest grades intersected to-date in the current 25-hole drill program aimed at testing the western extension of the La Romana mineralization.

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PNG Nickel Project Exploration Model Defined

LCL’s 3,400km2 portfolio of licences and applications, that form the PNG Nickel Project, are prospective for high grade nickel sulphide mineralisation. To date three prospects (Veri Veri, Iyewe and Doriri) have been identified within a 10km strike proximal to a major structure, the Keveri Fault.

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