Terrain Minerals Launches Expansion Drilling and Rights Issue

Terrain Minerals Ltd ( (AU:TMX) ) has provided an update.

Terrain Minerals Ltd has commenced an expansion drilling program at its 100%-owned Lightning and Monza Gold Prospect within the Smokebush Project in Western Australia. The program aims to expand on recent high-grade gold and silver results, with the goal of achieving an initial Mineral Resource estimate by early to mid-2026. Additionally, Terrain has launched a pro-rata non-renounceable rights issue to raise approximately $1.8 million, with strong participation from the board, to support its exploration activities.

More about Terrain Minerals Ltd

Terrain Minerals Ltd is a mining company focused on the exploration and development of gold and silver resources. The company operates primarily in Western Australia, with its key projects located within the Smokebush Project area.

Current Market Cap: A$6.75M

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