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An update from Terrain Minerals Ltd ( (AU:TMX) ) is now available.
Terrain Minerals has restarted reverse circulation (RC) drilling at its Lightning prospect within the Smokebush Gold & Silver Project in Western Australia, following a pause over the Christmas and New Year period. The current campaign comprises 34 holes for more than 6,800 metres, with 12 holes totalling 2,459 metres already completed before the break, and drilling at Lightning to be followed by testing three priority IP targets at the Wildflower prospect. The company has secured a mining lease over the Lightning tenement and is aiming to deliver a maiden JORC resource by mid-2026, underpinned by a reported cash balance of approximately A$2.49 million, positioning it to progress exploration and potential development activities at Smokebush.
More about Terrain Minerals Ltd
Terrain Minerals Limited is an ASX-listed exploration company focused on gold and silver, with its primary activities currently centred on the 100%-owned Smokebush Project in the Yalgoo Mineral Field of Western Australia. The company is targeting resource growth and project advancement through drilling at prospects such as Lightning and Wildflower within this project area.
Current Market Cap: A$14.51M
For an in-depth examination of TMX stock, go to TipRanks’ Overview page.