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Terra Metals has launched a major drilling campaign at its Southwest PGM-copper-nickel discovery in Western Australia, deploying up to five rigs. This follows an $85 million placement to enhance exploration.

Early results from the first diamond hole at the SW5 prospect show semi-massive sulphide mineralization. The drilling program aims to expand and define resources, targeting high-grade zones identified in previous drilling, including 69m at 0.92g/t PGE3. A maiden resource estimate is planned for the second half of 2026.