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Terra proves Dante essential minerals venture to be globally important. Pic: Getty Photos
- Terra defines 148Mt useful resource with 14.8% titanium dioxide plus important vanadium, copper, gold and platinum at Dante
- Useful resource covers lower than 10% of mapped mineralised development and was outlined inside 12 months of discovery
- Part 3 drilling imminent with metallurgical optimisation testwork underway
Particular Report: Terra Metals’ Dante polymetallic venture in WA has been confirmed as a globally important essential minerals discovery after the definition of a maiden useful resource with loads of upside.
Main unbiased advisor Ken Lomberg from Pivot Mining Consultants pencilled in a useful resource of 148Mt grading 14.8% titanium dioxide, 0.54% vanadium pentoxide, 0.18% copper and 0.33% PGE.
This represents assets of 22Mt TiO2, 800,000t V2O5, 270,000t copper, 400,000oz gold, 880,000oz platinum and 330,000oz palladium.
It features a high-grade indicated useful resource of 38Mt at 18.4% TiO2, 0.73% V2O5, 0.23% copper and 0.72g/t 3PGE.
Terra Metals (ASX:TM1) famous that this useful resource was outlined inside 12 months of preliminary discovery and was made at a low discovery value of simply 7c per tonne, which highlighted the straightforward, laterally in depth and near-surface nature of the system.
Including additional curiosity, the useful resource covers lower than 10% of the mapped mineralised development, which stays open alongside strike and at depth with reconnaissance persevering with to develop the recognized footprint.
Preliminary metallurgical testwork utilizing flotation and magnetic separation has additionally confirmed glorious recoveries and focus grades throughout all key metals – titanium, vanadium, copper, gold and platinum – with optimisation work ongoing.
Titanium metallic is far wanted within the aerospace sector for its excessive power and lightweight weight in contrast with metal.
“Our maiden mineral useful resource confirms Dante as a globally important essential metals discovery — and to realize it inside simply 12 months, at a really low discovery value per tonne of useful resource, is an distinctive outcome,” managing director Thomas Line mentioned.
“Not solely have we exceeded our earlier exploration goal however the high quality of the mineral system — its scale, near-surface continuity, metallurgical efficiency and progress potential — positions Dante as a strategic, long-life essential metallic asset on a world scale.”
Dante venture
The Dante venture in WA’s West Musgrave area differs from different titanium tasks in key facets with its multi-commodity nature.
It encompasses titanium, copper, gold, vanadium and platinum, and sits in arduous rock mineralisation relatively than the everyday heavy mineral sands.
The Dante Reefs are a sequence of gently dipping, laterally in depth mineralised layers which outcrop from floor and run for not less than 42km, believed to reflect the Bushveld province of South Africa, which homes among the world’s largest, longest working and most worthwhile PGE, copper, nickel and gold operations.
Current tenement acquisitions have prolonged strike potential to over 80km, with lots of of kilometres of potential stratigraphy throughout the venture’s footprint.
Metallurgical testing utilizing easy and low-cost processing strategies returned promising recoveries of 95.8% for copper, 65.6% for titanium, 90.9% for vanadium, 74.4% for platinum group metals and 75.8% for gold.
This work additionally demonstrated high-grade focus merchandise, together with a high-grade 28% copper, 17g/t gold and 21.4g/t PGM sulphide focus in addition to a high-grade titanium-ilmenite focus and a high-grade vanadium-magnetite focus, which spotlight Dante Reefs’ potential to be a aggressive producer of a number of strategic mineral merchandise from a single supply.
TM1 is at present planning to hold out Part 3 drilling imminently.
This contains infill and extensional drilling at Reef 1 North (Crius), Reef 2 (Hyperion), and Reef 1 South (Oceanus) in addition to the testing of latest targets recognized throughout the broader Dante development, together with outcropping mapped reefs and electromagnetic targets.
Metallurgical optimisation work is underway to help future scoping and feasibility research whereas reconnaissance exploration is anticipated to proceed to develop the strike of recognized reef techniques.
Moreover, excessive decision airborne magnetics is deliberate on the lately acquired HRM tenements (Dante West).
This text was developed in collaboration with Terra Metals, a Stockhead advertiser on the time of publishing.
This text doesn’t represent monetary product recommendation. You need to contemplate acquiring unbiased recommendation earlier than making any monetary selections.
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