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Terrain Minerals Ltd ( (AU:TMX) ) has shared an update.
Terrain Minerals reported strong exploration progress in the March 2026 quarter, led by extensive drilling at its Smokebush Lightning gold project, where RC and diamond results confirmed continuity of high-grade mineralisation along strike and at depth. A mining lease has been granted over Lightning, the database now totals about 16,000 metres of drilling, and the company is targeting a maiden JORC-compliant mineral resource estimate in July 2026, with mining studies to follow.
Additional RC drilling at the Wildflower targets and air-core drilling over the large Lort River REE-bearing basin were completed with assays pending, while low-cost soil sampling and machine-learning work advanced the Carlindie lithium-gold project. Terrain also flagged upcoming metallurgical results for its Larin’s Lane gallium/REE project, progressed preparations to advance its Biloela copper-gold asset, secured $450,000 from a placement, and stepped up investor marketing through major industry conferences and broker meetings.
More about Terrain Minerals Ltd
Terrain Minerals Ltd is an Australian exploration company focused on gold, silver and critical minerals, with key projects in Western Australia and Queensland. Its portfolio includes the 100%-owned Smokebush gold and gallium/REE project, the Lightning gold system, the Lort River rare earths basin, the Carlindie lithium-gold project and the Biloela copper-gold project.
Current Market Cap: A$15.01M
For an in-depth examination of TMX stock, go to TipRanks’ Overview page.