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2026-11-06
◂ Monitor TM1 ASX

Terra Metals Limited

Resource Stage · Others · Copper · Platinum Group Metals · Nickel · Gold · Australia Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.145
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$149.5M
EV
A$74.4M
Cash
A$75.1M
Debt
A$0
5 newer ASX announcements not yet reflected in this valuation

Narrative and provenance

Research & Sources

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Chronological evidenceSource-document inventory18 documents
TM1 ASX ordinary-share close on 25 September 2026Market Data · HighExtracted

Latest eligible local TM1 ordinary-share close selected by miners.reference_price for the 26 September 2026 cutoff.

Document ID
market-price-2026-09-25
Published UTC
2026-09-25T06:00:00Z
Projects
—
Commodities
—
Open original source ↗
Terra Metals Limited: Southwest ahead of a maiden resourceOther · MediumPartial

Independent Samso workup published 12 September and updated 16 September; publication time was not provided, so 00:00 UTC is a date-only normalization. The piece questions commercial product quality, remote capital needs and lack of study or Southwest resource.

Document ID
samso-2026-09-12-workup
Published UTC
2026-09-12T00:00:00Z
Projects
dante
Commodities
others · platinum_group_metals · copper · nickel
Open original source ↗
SOUTHWEST RETURNS 14M @ 3.13G/T & 80M @ 1.30G/T 3EOperations · HighPartial

Latest selected ASX drilling release reported repeat high-grade Southwest reef intersections, more than 1.1 km of strike and ongoing work toward a maiden resource. Extracted text was accessed through an indexed announcement mirror; full PDF was unavailable.

Document ID
asx-2026-09-08-southwest-assays
Published UTC
2026-09-07T22:13:00Z
Projects
dante
Commodities
platinum_group_metals · copper · nickel · gold
Open original source ↗
Amendment Appendix 2A App for quotation of securitiesCorporate Action · MediumExtracted

Corrected the option class exercised on 1 July 2026 and provided the latest issued-capital table.

Document ID
asx-2026-07-30-app2a-amendment
Published UTC
2026-07-30T09:13:46Z
Projects
—
Commodities
—
Open original source ↗
June 2026 Quarterly ReportResults · HighExtracted

June quarter update reported continued Southwest delineation, completed placement funding, cash and current tenure.

Document ID
asx-2026-07-30-june-quarterly
Published UTC
2026-07-29T22:27:24Z
Projects
dante · onslow
Commodities
platinum_group_metals · copper · nickel · others
Open original source ↗
Application for quotation of securities - TM1Corporate Action · LowExtracted

Original Appendix 2A for 33,334 new shares; its option-class selection was corrected on 30 July.

Document ID
asx-2026-07-01-app2a
Published UTC
2026-07-01T02:26:00Z
Projects
—
Commodities
—
Open original source ↗
Application for quotation of securities - TM1Corporate Action · LowExtracted

Appendix 2A recorded exercise of 3,084 TM1O options at A$0.07 and the resulting shares.

Document ID
asx-2026-06-25-app2a
Published UTC
2026-06-25T07:21:54Z
Projects
—
Commodities
—
Open original source ↗
Notification regarding unquoted securities - TM1Corporate Action · MediumExtracted

Appendix 3G recorded eight million director share rights with staged service vesting.

Document ID
asx-2026-06-25-app3g
Published UTC
2026-06-25T07:17:14Z
Projects
—
Commodities
—
Open original source ↗
Application for quotation of securities - TM1Corporate Action · LowExtracted

Appendix 2A recorded exercise of 8,036 TM1O options at A$0.07.

Document ID
asx-2026-05-21-app2a
Published UTC
2026-05-21T07:18:04Z
Projects
—
Commodities
—
Open original source ↗
March 2026 Quarterly ReportFinancing · HighExtracted

March quarter update disclosed the A$85 million placement, first-tranche completion and A$66.659 million quarter-end cash.

Document ID
asx-2026-04-30-march-quarterly
Published UTC
2026-04-29T23:27:31Z
Projects
dante · onslow
Commodities
platinum_group_metals · copper · nickel · others
Open original source ↗
Corporate Presentation - Swiss Mining Institute ConferencePresentation · HighExtracted

Investor presentation described the project portfolio, pro-forma capital, exploration results and development timetable.

Document ID
asx-2026-03-19-presentation
Published UTC
2026-03-18T22:47:41Z
Projects
dante · onslow
Commodities
platinum_group_metals · copper · nickel · gold · others
Open original source ↗
Half Year AccountsResults · MediumExtracted

Half-year financial statements supplied audited-style interim financial and capital disclosures through 31 December 2025.

Document ID
asx-2026-03-12-half-year
Published UTC
2026-03-12T06:27:16Z
Projects
dante · onslow
Commodities
platinum_group_metals · copper · nickel · others
Open original source ↗
December 2025 Quarterly ReportResults · MediumExtracted

December quarter report covered discovery drilling, resource work and the A$10.885 million cash position before the March placement.

Document ID
asx-2026-01-30-dec-quarterly
Published UTC
2026-01-29T22:33:39Z
Projects
dante · onslow
Commodities
platinum_group_metals · copper · nickel · others
Open original source ↗
September 2025 Quarterly ReportResults · MediumExtracted

September quarter report described the A$15 million placement and early Phase 3 work following the maiden resource.

Document ID
asx-2025-10-27-sept-quarterly
Published UTC
2025-10-26T22:45:09Z
Projects
dante · onslow
Commodities
platinum_group_metals · copper · others
Open original source ↗
Annual Report to shareholdersResults · HighExtracted

Audited FY2025 report documented the HRM acquisition, project ownership, financial position, contingent securities and commitments.

Document ID
asx-2025-09-25-annual-report
Published UTC
2025-09-25T06:08:23Z
Projects
dante · onslow
Commodities
platinum_group_metals · copper · gold · others
Open original source ↗
Maiden Mineral Resource Estimate at Dante ProjectResource Update · HighExtracted

Independent maiden Dante MRE defined 148 Mt with TiO2, V2O5, copper and 3PGE grades and metallurgical recovery evidence.

Document ID
asx-2025-08-11-dante-mre
Published UTC
2025-08-10T23:08:52Z
Projects
dante
Commodities
platinum_group_metals · copper · gold · others
Open original source ↗
Exercise of Option to Expand Dante ProjectTransaction · HighExtracted

The company exercised its option to acquire the contiguous HRM tenement package, subject to settlement conditions.

Document ID
asx-2025-05-07-option-exercise
Published UTC
2025-05-06T23:22:33Z
Projects
dante
Commodities
platinum_group_metals · copper · gold · others
Open original source ↗
Option to Expand Dante ProjectTransaction · HighExtracted

The company obtained an option to acquire four contiguous HRM exploration licences covering 618 square kilometres.

Document ID
asx-2025-01-29-option-expand
Published UTC
2025-01-28T22:14:06Z
Projects
dante
Commodities
platinum_group_metals · copper · gold · others
Open original source ↗
Evidence facts45
market-closeUnadjusted close

0.175 AUD/share

2026-09-25
market-volumeTrading volume

810995 shares

2026-09-25
market-security-basisSecurity basis

one ASX TM1 ordinary share None

2026-09-25
market-close-2026-09-07Unadjusted close before 8 September release

0.23 AUD/share

2026-09-07
market-close-2026-09-08Unadjusted close on 8 September release day

0.215 AUD/share

2026-09-08
ordinary-shares-latestOrdinary shares on issue

1030886292 shares

2026-07-01
quoted-options-latestQuoted TM1O options outstanding

30983585 options

2026-07-01
july-amended-option-classCorrected exercised option class

TM1O None

2026-07-01
cash-2026-06-30Cash and cash equivalents

75112000 AUD

2026-06-30
runway-2026-06-30Estimated quarters of funding

7.2 quarters

2026-06-30
exploration-outflow-jun-qQuarterly exploration and evaluation payments

9556000 AUD

2026-06-30
dante-ownershipDante Project ownership

100 %

2026-06-30
southwest-corridor-strikeSouthwest mineralised corridor strike

950 m minimum

2026-07-30
company-secretary-juneCompany secretary appointment

Mark Freeman None

2026-06-30
chief-development-officer-julyChief Development Officer appointment

Ben Hammond None

2026-07-30
exploration-operations-manager-julyGeneral Manager – Exploration & Operations appointment

Barry Jones None

2026-07-30
july-original-option-classOriginally stated exercised option class

TM1AG None

2026-07-01
june25-option-exerciseTM1O options exercised

3084 options

2026-06-25
share-rights-totalUnquoted share rights issued

8000000 rights

2026-06-25
may21-option-exerciseTM1O options exercised

8036 options

2026-05-21
march-placement-sharesPlacement shares

229729730 shares

2026-03-31
march-placement-grossPlacement gross proceeds

85000000 AUD

2026-03-31
pfs-targetTarget timing for pre-feasibility study

2027 None

2026-03-19
southwest-mre-targetTarget timing for maiden Southwest MRE

H2 2026 None

2026-03-19
higginsville-royaltyHigginsville disposal for nominal cash and royalty

Royalty retained; rate and base undisclosed None

2025-12-31
hrm-acquisition-dateHRM acquisition completion

2025-05-08 None

2025-05-08
hrm-deferred-sharesPotential HRM deferred shares

11250000 shares

2025-06-30
ceo-2025Chief executive and managing director

Thomas Line None

2025-09-25
secretary-2025Company secretary

Greg Swan None

2025-09-25
controlled-subsidiariesWholly controlled subsidiaries

Dante Resources, HRM Exploration, Onslow Gold and other wholly owned entities None

2025-06-30
dante-resource-totalTotal Mineral Resource

148 Mt

2025-08-11
dante-resource-indicatedIndicated Mineral Resource

38 Mt

2025-08-11
dante-resource-inferredInferred Mineral Resource

110 Mt

2025-08-11
dante-cueq-gradeTotal resource copper-equivalent grade

1.38 % CuEq

2025-08-11
copper-recoveryMetallurgical copper recovery

95.8 %

2025-08-11
option-exercise-asx-dateASX publication date

2025-05-07 None

2025-05-07
option-exercise-heading-dateEmbedded heading date

2024-05-07 None

2024-05-07
option-expand-asx-dateASX publication date

2025-01-29 None

2025-01-29
option-expand-heading-dateEmbedded heading date

2024-01-29 None

2024-01-29
swrd054-14mSWRD054 PGM-rich interval

14 m at 3.13 g/t 3E from 411 m m and g/t

2026-09-08
swrd054-80mSWRD054 broad interval

79.8 m at 1.30 g/t 3E, 0.21% Ni and 0.13% Cu from 302 m m, g/t and %

2026-09-08
southwest-strike-septemberSouthwest interpreted strike

more than 1.1 km km

2026-09-08
southwest-resource-pendingSouthwest resource status

Maiden MRE remains pending; no reported resource for Southwest None

2026-09-08
outside-view-stageIndependent research stage assessment

Dante Reefs is pre-scoping; Southwest has no resource or economic study None

2026-09-12
outside-view-processingIndependent research processing concern

Titanium concentrate saleability and Southwest magnesium-silicate gangue remain unresolved None

2026-09-12
Conflicts requiring judgment3
  • option announcement publication date

    Selected the official ASX timestamp preserved by the downloader manifest; the embedded heading carries an apparent prior-year template error.

  • option exercise publication date

    Selected the official ASX timestamp preserved by the downloader manifest, consistent with the audited 8 May 2025 acquisition date; the embedded heading is a prior-year template error.

  • option class exercised on 1 July 2026

    The 30 July amendment explicitly corrects the exercised class to quoted TM1O options without changing the 33,334 share issue.