Terrain Minerals Announces Successful Shortfall Placement and Drilling Updates

The latest announcement is out from Terrain Minerals Ltd ( (AU:TMX) ).

Terrain Minerals Limited has announced the successful placement of $150,000 through the issuance of 50,000,000 shortfall shares at $0.003 each, along with 50,000,000 free attaching unlisted options under its non-renounceable rights issue. The remaining shortfall of $823,383 is to be placed by September 17, 2025. The company is also awaiting results from its recent drilling campaign at the Smokebush gold/silver project, with results expected in early September 2025. These developments are part of Terrain’s ongoing efforts to advance its exploration projects, including the Monza, Lightning, and Wildflower gold prospects, as well as the Larin’s Lane gallium and REE prospect.

More about Terrain Minerals Ltd

Terrain Minerals is a Perth-based mineral exploration company with assets in Western Australia and Queensland, Australia. The company is listed on the Australian Securities Exchange under the code TMX and has a secondary listing on the Frankfurt Stock Exchange Open Market under the code T4Y. Terrain Minerals is open to commercial discussions regarding the potential divestment of its assets, either through sale or joint venture arrangements.

Current Market Cap: A$6.33M

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