TM1 3.23% 6.0¢ terra metals limited

Ann: Drilling Confirms Discovery of Large Cu-PGE Sulphide Reefs, page-153

  1. 3,833 Posts.
    lightbulb Created with Sketch. 496
    This is imho a genuine NEW discovery.

    It wasn't even the main game when they relisted in the prospectus:

    Following re-instatement of the Company’s Shares on ASX ,the Company's focus will be to explore and develop the gold and copper prospective Onslow Copper Gold Project, located in the Pilbara region of Western Australia (Onslow Copper Gold Project). The Company proposes to undertake exploration programs at the Onslow Copper Gold Project as detailed in Section4.3 of the Prospectus and further explained in the Independent Technical Report in Section8 of the Prospectus. The results of the exploration programs will determine the economic viability and potential timing for the commencement of additional technical studies, including studies that assess the economic viability of the Onslow Copper Gold Project, and ultimately the commencement of mining operations.

    In summary the Company’s objectives are to:•undertake exploration activities on the Onslow Copper Gold Project;•subject to the results of the exploration activities, undertake more targeted exploration activities, including drilling;•subject to results of the exploration activities, progress technical studies on the Onslow Copper Gold Project;•assess opportunities for business development and new venture activities to potentially add additional mineral projects; and assess opportunities to enter into joint venture arrangements in respect to the Onslow Copper Gold Project and other new mineral projects. The status of the Company's assets and its current activities are otherwise as detailed in Section 4 of the Prospectus.

    Regards

    DD
 
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