Terra expands Dante footprint with acquisition of HRM Exploration
ASX-listed Terra Metals has exercised its option to acquire HRM Exploration, securing 100% ownership of four exploration licences adjoining its flagship Dante polymetallic project in Western Australia.
The all-scrip acquisition nearly doubles Terra’s tenement position in the West Musgrave region to 618 km² and consolidates its presence in the highly prospective Jameson Layered Intrusion, which the company says is analogous to South Africa’s Bushveld province.
Recent ground activities on the HRM-held licences have confirmed extensions of the target mineralisation style, reinforcing the district-scale potential of the Dante project.
The company is advancing metallurgical optimisation testwork and preparing a maiden mineral resource estimate at its Dante Reefs discovery.
Settlement of the acquisition is expected to take place shortly.
“We are excited to secure a dominant landholding in the emerging major metal province. Last year we made two large copper/titanium/gold/platinum/vanadium discoveries at Reef 1 North and Reef 2. Recent metallurgical testwork has confirmed the mineralisation can produce three high-grade concentrates with high recoveries, using simple and low-cost processing tools," said MD and CEO Thomas Line.
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