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Terrain Minerals Ltd
(Sydney:TMX)
Terrain Minerals Ltd (TMX) vs. iShares MSCI Australia ETF (EWA)
Terrain Minerals Ltd Business Overview & Revenue Model
Terrain Minerals Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.67K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -472.00 | -472.00 | -13.00 | -1.91K | -11.48K | -11.42K |
| EBITDA | -1.71M | -1.71M | -904.10K | -1.02M | -566.98K | -611.40K |
| Net Income | -1.71M | -1.71M | -1.52M | -1.02M | -578.46K | -622.82K |
Balance Sheet | ||||||
| Total Assets | 5.55M | 5.55M | 3.68M | 4.06M | 2.83M | 2.95M |
| Cash, Cash Equivalents and Short-Term Investments | 1.14M | 1.14M | 450.73K | 1.31M | 1.08M | 1.14M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 950.00 | 950.00 |
| Total Liabilities | 566.54K | 566.54K | 158.94K | 489.64K | 65.96K | 85.27K |
| Stockholders Equity | 4.98M | 4.98M | 3.52M | 3.57M | 2.77M | 2.86M |
Cash Flow | ||||||
| Free Cash Flow | -1.30M | -974.88K | -2.55M | -1.75M | -724.97K | -1.48M |
| Operating Cash Flow | -974.88K | -974.88K | -682.72K | -475.64K | -466.47K | -597.16K |
| Investing Cash Flow | -1.37M | -1.37M | -1.56M | -1.06M | 409.25K | -490.70K |
| Financing Cash Flow | 3.03M | 3.03M | 1.39M | 1.76M | -2.29K | 147.42K |
Terrain Minerals Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | AU$23.29M | -9.85 | -12.18% | ― | ― | ― | |
47 Neutral | AU$16.12M | ― | -40.22% | ― | ― | 18.18% | |
46 Neutral | AU$8.39M | -1.43 | -159.50% | ― | ― | ― | |
46 Neutral | AU$7.37M | ― | 35.61% | ― | ― | ― | |
45 Neutral | AU$7.06M | -100.00 | 2.22% | ― | ― | 98.11% | |
43 Neutral | AU$8.36M | -1.82 | -41.95% | ― | ― | -17.02% |
Terrain Minerals Ltd Corporate Events
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.
Terrain Minerals Limited has announced it will hold a General Meeting of shareholders at its West Perth office on 30 January 2026 at 8:00am WST, in line with its obligations as an ASX-listed company. The company will largely distribute meeting materials electronically via its website, ASX announcements page and email, with hard copies only for shareholders who have previously requested them, reflecting a continued shift toward digital communications and emphasizing the importance for shareholders to review the documents and consider professional advice where needed.
Terrain Minerals has announced a temporary pause in its 2025 RC drilling campaign at the Lightning Gold Prospect, part of its Smokebush Gold Project, to allow workers to enjoy the holiday season and prioritize safety protocols in remote operations. The company has completed partial drilling and plans to resume in January 2026, targeting a maiden JORC report by mid-2026, aligning with its ongoing efforts to expand and solidify its position in the gold exploration market.
Terrain Minerals Ltd has announced the quotation of 258,375,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code TMX. This move is part of previously announced transactions and is expected to enhance the company’s market presence and liquidity, potentially impacting its operational capabilities and investor relations positively.
Terrain Minerals Limited has issued 258,375,000 fully paid ordinary shares as part of a recent placement. This move indicates the company’s efforts to raise capital, potentially impacting its financial stability and market operations. The issuance was conducted without disclosure under specific sections of the Corporations Act, and the company has complied with relevant legal provisions, ensuring transparency and adherence to regulatory requirements.
Terrain Minerals Ltd has announced a proposed issue of 254,375,000 ordinary fully paid securities, scheduled for issuance on December 15, 2025. This move is part of the company’s strategy to enhance its financial position and support its ongoing exploration and development projects, potentially impacting its market standing and offering new opportunities for stakeholders.
Terrain Minerals Ltd has announced a proposed issue of 101,250,000 ordinary fully paid securities, scheduled for February 2, 2026. This strategic move is expected to enhance the company’s capital structure, potentially strengthening its market position and providing additional resources for its ongoing and future mining projects.
Terrain Minerals Limited has successfully completed a December placement, raising $1,422,500, which, combined with an earlier October placement, totals $2,747,250. This funding ensures the company is fully capitalized to execute its RC drilling program and commence diamond drilling in early 2026, crucial for completing its maiden JORC Resource estimate. The successful placement, supported by existing shareholders and led by Sharewise Capital, positions Terrain to enhance its exploration activities and secure its industry positioning.
Terrain Minerals Ltd has announced the commencement of a reverse circulation drilling program at its Smokebush project in Western Australia, targeting high-grade gold and silver deposits. This initiative, involving 34 drill holes covering 6,800 meters, is a significant step in advancing the company’s exploration efforts and could potentially enhance its resource base, thereby strengthening its position in the mining sector.
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.
Terrain Minerals Ltd has announced the adoption of an amended constitution following a special resolution passed by shareholders at the company’s recent Annual General Meeting. This change, approved by the shareholders, is expected to impact the company’s governance and operational framework, potentially influencing its strategic direction and stakeholder engagement.
Terrain Minerals Limited has commenced a significant drilling program at its 100%-owned Lightning Gold Prospect in Western Australia, aiming to establish a maiden Mineral Resource by mid-2026. The program includes 34 holes totaling 6,800 meters, targeting resource development and new discoveries. The Lightning Prospect has already shown promising results with high-grade gold and silver intercepts, positioning it as an emerging discovery in a proven mining district. Additionally, the company has identified high-priority gold targets at its Wildflower Gold Prospect, following a successful geophysical survey, with drilling scheduled to start in January 2026. This initiative represents a significant opportunity to expand Terrain’s gold footprint in the Murchison Gold Province.
Terrain Minerals Limited announced the expiration of 16,000,000 unlisted options with an exercise price of $0.0214 each on November 25, 2025. This expiration may impact the company’s capital structure and could influence investor perceptions, as it involves a significant number of options that are no longer available for exercise.
Terrain Minerals Ltd announced the cessation of 16,000,000 securities due to the expiry of options without exercise or conversion as of November 25, 2025. This cessation of securities may impact the company’s capital structure and could influence stakeholder perceptions regarding the company’s financial strategies and market positioning.
Terrain Minerals Ltd has released an investor presentation highlighting its ongoing efforts to advance high-grade gold and silver exploration at its Smokebush project in Western Australia. The company outlines the risks and challenges associated with its operations, including economic conditions, regulatory risks, and commodity price fluctuations, but assures stakeholders that no new information or data has materially affected its previous announcements.
Terrain Minerals Limited has commenced a significant 4,500-meter drilling program at its Lightning Gold Prospect in Western Australia, aiming to establish a maiden Mineral Resource by mid-2026. The program targets extending known gold zones and exploring new discovery opportunities, with previous drilling yielding high-grade gold and silver results. Located in a proven gold district, the project is positioned to enhance Terrain’s industry standing and provide potential value to shareholders with expected assay results by mid-February 2026.
Terrain Minerals Limited has issued 284,388,901 fully paid ordinary shares as part of a recent placement. This issuance was conducted without disclosure under Part 6D.2 of the Corporations Act 2001, and the company has confirmed compliance with relevant provisions of the Act. The announcement signifies a strategic financial move that could impact the company’s capital structure and potentially influence its market positioning.
Terrain Minerals Limited has announced the results of an induced polarisation (IP) survey at its Wildflower Gold Prospect, revealing multiple high-priority gold targets. The survey identified large-scale structures similar to the company’s nearby Lightning Gold & Silver discovery, with drill targets extending over 800 metres. Drilling is scheduled to begin in January 2026, presenting a significant opportunity for Terrain to expand its gold footprint in the region. The survey’s results suggest potential gold mineralisation, enhancing Terrain’s strategic positioning in the highly prospective area and offering promising implications for stakeholders.
Terrain Minerals Limited has announced a proposed issue of 10 million fully paid ordinary securities, with the issue date set for March 31, 2026. This strategic move is likely aimed at raising capital to support the company’s ongoing operations and exploration activities, potentially enhancing its market position and offering new opportunities for stakeholders.
Terrain Minerals Ltd has announced the quotation of 284,388,901 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code TMX. This move is part of previously announced transactions, potentially impacting the company’s liquidity and market presence by increasing the number of tradable shares, which could attract more investors and enhance shareholder value.
Terrain Minerals Ltd has successfully completed a capital raising placement, issuing over 284 million shares to raise $1,324,750. The funds will be used to advance exploration and drilling at the Smokebush Project, targeting high-grade gold and silver deposits, which could enhance the company’s operational capabilities and industry positioning.
Terrain Minerals Limited has announced significant progress in its exploration activities during the September 2025 quarter, particularly at the Smokebush project, where high-grade gold and silver intercepts were reported. The company is working towards an initial Mineral Resource estimate for the Lightning prospect by mid-2026, with encouraging results from recent drilling campaigns. Additionally, Terrain is advancing its Larin’s Lane gallium/REE project and Carlindie lithium/gold project, while also securing capital through a rights issue and engaging in investor marketing activities.
Terrain Minerals Ltd has announced a proposed issue of securities, with a maximum of 260,833,349 ordinary fully paid shares to be issued. This move is part of a placement or other type of issue, scheduled for November 7, 2025, and is expected to impact the company’s capital structure and market positioning.
Terrain Minerals Limited announced a successful placement to sophisticated and professional investors, raising $1,173,750.07. The funds will be used to advance exploration and drilling at the Smokebush Project, targeting high-grade gold and silver at the Lightning Prospect and other areas. This placement supports the company’s growth strategy and enhances its exploration capabilities, potentially impacting its market position positively.
Terrain Minerals Limited (ASX: TMX) has requested a trading halt on its securities pending an announcement about a proposed capital raising. This halt will remain in effect until the start of normal trading on 31 October 2025 or until the announcement is made. The trading halt is intended to allow the company to manage the release of sensitive information regarding its capital raising efforts, which could significantly impact its market operations and investor relations.
Terrain Minerals Limited has announced the successful identification of extensive rare earth element (REE) targets at its Lort River Project through an airborne electromagnetic survey. The survey revealed a large regolith clay basin, which aligns with previously identified REE-bearing horizons, and recent drilling results have shown promising levels of total rare earth oxides (TREO). This discovery supports Terrain’s strategy to advance the Lort River Project as a significant REE clay-hosted discovery, with further drilling and metallurgical sampling planned for the next quarter.
Terrain Minerals Limited has announced the details of its upcoming Annual General Meeting, scheduled for 28 November 2025 in West Perth, WA. The company has opted not to send physical copies of the meeting notice to shareholders, instead making the materials available online. This decision reflects a shift towards digital communication, which may streamline shareholder engagement and reduce costs.