Terrain Minerals

Terrain Minerals Limited (TMX) is an active ASX exploration company advancing its 100% owned projects. Terrains current strategy is to rapidly expand on the highly successful Gold drilling campaign at Smokebush Gold Project as it works towards its goal of completing an initial Mineral Resource estimate at the Lightning/Monza Gold Prospect for release in early to mid-2026, and in line with evolving market dynamics and long-term demand trends, Terrain has strategically repositioned its exploration portfolio to include future-facing critical minerals, with a focus on Copper, Gallium, and Lithium.

Capital structure (Top 200 shareholders = 86% of the register), Terrain Minerals share price is highly leveraged to exploration success.

All projects are located in Western Australian (Gold, Gallium, Gold, Copper and Lithium) and a large Gold/Copper project in Queensland. Terrain Minerals is committed to undertaking major drilling campaigns throughout 2025, including 3,550m 17-hole RC drilling campaign due to commence in May 2025 at the Smokebush gold/silver project.

Smokebush recent results at Lightning and Monza

• 11m @ 6.03 g/t Gold & 43.5 g/t Silver from 75 metres (SBRC063) – Lightning.
• 3m @ 6.12 g/t Gold from 26 metres down hole (SBRC064) – Lightning.
• 5m @ 3.77 g/t Gold from 180 metres down hole (SBRC065) – Monza down dip.

Larins Lane: Gallium (part of Smokebush) - over 27km2, area, with a Jorc compliant target. Gallium in regolith (Sand/clays) from surface to ~110m. Metallurgical (Met) studies underway part of the MRIWA Research Project M10528 out by RSC & Curtin University.

Biloela: Copper & Gold Project along strike of the Cracow Gold Mine in Queensland (See ASX release dated 21 June 2023 for more information on the rationale, geological setting and walk-up drill targets already identified within this key project area).

Pending granted: Carlindie: Lithium Project is strategically located between Wildcat Resources (ASX: WC8) and Kali Metals (ASX: KM1) tenements in the East Pilbara of Western Australia. The Company has prioritised the granting of its Carlindie tenement package and is continuing to work successfully towards achieving its goal.

Management Profile

Justin Virgin, Executive Director

Mr Virgin has over 16 years’ experience as a ASX Director of listed exploration companies as well as 18 years of experience in the financial services and Securities industry with expertise in providing a wide range of financial services which includes capital raisings, promotion, providing general corporate advice listed small‐cap companies and other investment advice involved in negotiations, mergers, acquisitions and valuations.

Mr Virgin also has over 10 years of onsite mining experience operating in remote and isolated sites throughout Western Australia and the Northern Territory on site. His experience covers both a board and project level, project acquisition and sale negotiations, mine closures and rehabilitation work as well as extensive preventative maintenance planning and execution on onsite mobile fleet and of exploration program.

Mr Virgin studied Marketing before completing a Master of Business Administration (MBA) from Edith Cowan University in Western Australia. He also holds trade qualifications as an Automotive Electrician and certificate of trade studies and has qualifications in advanced electrical & hydraulic systems.

What are your key goals for the next 3, 6 and 12 months?

3 Months

Continue to advance multiple targets at the Smokebush Gold/Silver project towards a JORC compliant resource mid 2026 as well as advance the 100% owned Larins Lane Gallium project and seek JV partners.

Follow up Gold Drilling at Lightning Monza targets and IP survey at Wildflower area. 

6 Months

• Smokebush - continue drilling towards a compliant resource
• Wildflower Gold - continue drilling after IP survey
• Biloela: Copper & Gold Projects - complete land access agreements
• Have the Carlinde Carlindie: Lithium granted and commence ground activities

12 Months

• Mineral Resource and/or Jorc category at Smokebush
• Lightning & Monza targets projects.
• Commence first copper/gold drilling as Biloela Project.

What do you think makes your company such a compelling investment?

No company-specific risks given that Terrain Minerals has been working methodically to advacne Gold adn Gallium projects throughout 2023 to 2025, to ensure it is well-positioned to roll out its 2025 drilling campaigns in high demand commodities.