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Terrain Minerals Ltd ( (AU:TMX) ) has issued an update.
Terrain Minerals is advancing its Lightning Gold Project within the Smokebush Gold & Silver Project in Western Australia’s Yalgoo Mineral Field, a region that hosts several established gold operations. The company holds a granted mining lease over Lightning and continues to build the technical dataset needed to support development of this emerging gold asset.
Terrain reports that work streams needed for a maiden ‘starter’ Mineral Resource Estimate at Lightning, targeted for July 2026, are on track, with DGPS collar surveys completed and a topographic drone survey due to commence this quarter. Ongoing flora and fauna studies, a haul road application, metallurgical sampling and diamond drilling are described as de-risking the path to the initial resource statement and positioning the project for faster permitting and potential future ore haulage and infrastructure development.
More about Terrain Minerals Ltd
Terrain Minerals Ltd is an Australian mineral exploration company focused on gold and silver projects in Western Australia. Its flagship assets include the 100% owned Smokebush Gold & Silver Project in the Yalgoo Mineral Field, where the Lightning Gold Project sits in a well-endowed gold district alongside established operations such as Rothsay and Golden Range.
Current Market Cap: A$14.85M
For detailed information about TMX stock, go to TipRanks’ Stock Analysis page.