Perhaps the highest impact drill testing for Terrain will come at its Lort River nickel-copper project in WAโs Albany-Fraser Belt, home to the renowned Nova-Bollinger deposit.
The project is primed for its maiden RC drilling program to test a substantial high-priority sulphide bedrock conductor identified by high powered electromagnetic surveys.
With a number of similarities to the regionโs legendary โeyeโ geological features at Novaโs magmatic nickel-copper sulphide discovery, Lort River has a like about it and offers some encouraging signs to deliver what could be the next major nickel-copper find in the long poured over belt.
Terrain Minerals Executive Director Justin Virgin said:โI am thrilled with the momentum building across Terrainโs portfolio as we embark on an ambitious 2025 exploration program. Our focus on key commodities like gold, copper, nickel, and the emerging critical metal, gallium, positions us well to capitalise on the growing global demand.โ
Terrainโs portfolio also includes two promising projects currently awaiting tenement approvals.
Its Biloela copper-gold project in Queensland spans a substantial 2462kmยฒ along strike from the multi-million ounce Cracow gold mine which looks like a prime candidate to become a key exploration focus for the company once granted.
The second back pocket project awaiting approval is the Carlindie Lithium project situated in the heart of WAโs lithium-rich Pilbara region. Carlindie spans 1135kmยฒ and is strategically located near the established major deposits being developed by Pilbara Minerals and Azure Minerals.
While focusing on its core exploration activities, Terrain says it remains open to commercial opportunities including joint ventures or partial sales of non-core assets.
โBy diversifying across critical and traditional commodities, we are ensuring Terrainโs relevance in both emerging and established markets,โ Virgin said.
Terrainโs balanced exploration push in the new year which includes diversification across critical and traditional commodities has it well placed to take advantage in both emerging and established markets.
The company is clearly pressing its foot down on exploration activities with plenty of impact drilling to kick-off the year, none more so than its Nova-Bollinger look-a-like target, set for testing later this quarter.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
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