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An announcement from Terrain Minerals Ltd ( (AU:TMX) ) is now available.
Terrain Minerals Limited has successfully converted several prospecting tenements to Mining Lease status at its Smokebush Gold Project, with the newly granted M59/0796 covering the Lightning Gold and Silver Prospect. This conversion allows the company to work towards its maiden JORC resource by mid-2026, with a mining license granted until 2046. A drilling campaign is underway with 34 holes planned, and first results are expected by early February 2026, potentially impacting the company’s operations and market positioning.
More about Terrain Minerals Ltd
Terrain Minerals Limited is a mining company focused on the exploration and development of gold and silver prospects. The company operates primarily in Western Australia, with its key project being the Smokebush Gold Project located 350km north of Perth.
Current Market Cap: A$11.86M
Learn more about TMX stock on TipRanks’ Stock Analysis page.