Terra Metals Limited (ASX: TM1) has announced a significant high-grade magmatic sulphide mineralisation discovery at Crius Reef within its flagship Dante Project. The initial three drill holes, out of a planned thirteen, have confirmed the presence of sulphide-dominant mineralisation. This discovery is notable for its rich composition, featuring high-grade copper and precious metals, and is hosted in stratiform “reefs” extending over 23 kilometres.

This breakthrough follows Terra Metals' receipt of an AUD 435,000 Exploration Incentive Scheme (EIS) grant from the Western Australian Government. The grant has played a pivotal role in advancing the exploration activities at the Dante Project, enabling Terra Metals to intensify its drilling operations and achieve these promising early results.