Terrain Minerals
Primary ticker: ASX: TMX, FRA: T4Y
Stage of development: Exploration
Primary minerals: Gold, Gallium, Copper, and Lithium
Project to promote: Smokebush Gold AND Larin’s Lane Gallium Projects plus Biloela Qld Copper/Gold
Project location: Australia
Website: www.terrainminerals.com.au
Corporate presentation: Click here
Terrain Minerals Limited (TMX) is an active ASX exploration company advancing its 100% owned projects. Terrains current strategy is to rapidly expand on the highly successful Gold drilling campaign at Smokebush Gold Project as it works towards its goal of completing an initial Mineral Resource estimate at the Lightning/Monza Gold Prospect for release in early to mid-2026, and in line with evolving market dynamics and long-term demand trends, Terrain has strategically repositioned its exploration portfolio to include future-facing critical minerals, with a focus on Copper, Gallium, and Lithium.
Capital structure (Top 200 shareholders = 86% of the register), Terrain Minerals share price is highly leveraged to exploration success.
All projects are located in Western Australian (Gold, Gallium, Gold, Copper and Lithium) and a large Gold/Copper project in Queensland. Terrain Minerals is committed to undertaking major drilling campaigns throughout 2025, including 3,550m 17-hole RC drilling campaign due to commence in May 2025 at the Smokebush gold/silver project.
Smokebush recent results at Lightning and Monza
o 11m @ 6.03 g/t Gold & 43.5 g/t Silver from 75 metres (SBRC063) – Lightning.
o 3m @ 6.12 g/t Gold from 26 metres down hole (SBRC064) – Lightning.
o 5m @ 3.77 g/t Gold from 180 metres down hole (SBRC065) – Monza down dip.
Larins Lane: Gallium (part of Smokebush) – over 27km2, area, with a Jorc compliant target. Gallium in regolith (Sand/clays) from surface to ~110m. Metallurgical (Met) studies underway part of the MRIWA Research Project M10528 out by RSC & Curtin University.
Biloela: Copper & Gold Project along strike of the Cracow Gold Mine in Queensland (See ASX release dated 21 June 2023 for more information on the rationale, geological setting and walk-up drill targets already identified within this key project area).
Pending granted:
Carlindie: Lithium Project is strategically located between Wildcat Resources (ASX: WC8) and Kali Metals (ASX: KM1) tenements in the East Pilbara of Western Australia. The Company has prioritised the granting of its Carlindie tenement package and is continuing to work successfully towards achieving its goal.
Cash: AUD 1.1M
Debt: NIL
Major shareholders:
NON CORRELATED CAPITAL PTY LTD <ALIWA ALPHA FUND A/C> 2.14%
Mr Mark Tkocz – 5.5%
Mr Justin Virgin – 5.27%
Mr Jonathan Lim – 5%
Mr Johannes Lin – 3.61%
Management ownership – 13%
Financials
Management Profile
Justin Virgin – Executive Director
Mr Virgin has over 16 years’ experience as a ASX Director of listed exploration companies as well as 18 years of experience in the financial services and Securities industry with expertise in providing a wide range of financial services which includes capital raisings, promotion, providing general corporate advice listed small‐cap companies and other investment advice involved in negotiations, mergers, acquisitions and valuations.
Mr Virgin also has over 10 years of onsite mining experience operating in remote and isolated sites throughout Western Australia and the Northern Territory on site. His experience covers both a board and project level, project acquisition and sale negotiations, mine closures and rehabilitation work as well as extensive preventative maintenance planning and execution on onsite mobile fleet and of exploration program.
Mr Virgin studied Marketing before completing a Master of Business Administration (MBA) from Edith Cowan University in Western Australia. He also holds trade qualifications as an Automotive Electrician and certificate of trade studies and has qualifications in advanced electrical & hydraulic systems.
What is your rationale for taking part in 121 Mining Investment?
Exposure.
Despite the Company being 17 years old, Terrain Minerals has only just restarted to promote the company and its exciting assets during 2023, and we continue to re building.
Thus, Terrain Minerals may not be on everyone’s radar, which is unfortunate given the high-quality assets within the Company’s portfolio.
What recent news would you like to highlight to investors attending?
Smokebush Gold Silver
31 March 2025 – 11m @6.03 g/t Gold and 43.5 g/t Silver from Lightning & Monza.
07 May 2025 Gold & Silver Expansion Drilling at Lightning & Monza Prospects.
05 May 2025 – Investor Presentation Deck.
Larin’s Lane – Gallium Project:
2024/11/06 – SRK, Jorc compliant exploration target.
2024/12/05 – Metallurgical Studies underway.
Wildflower Gold (Part of Smokebush gold project):
2024/11/12 – Wildflower Gold Air-core results.
2024/11/26 – Wildflower gold High Impact December RC Drilling Program.
Biloela: Copper & Gold Project:
2023/07/21 – Project background information grant expected Q1/25.
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Continue to advance multiple targets at the Smokebush Gold/Silver project towards a JORC compliant resource mid 2026 as well as advance the 100% owned Larins Lane Gallium project and seek JV partners.
Follow up Gold Drilling at Lightning Monza targets and IP survey at Wildflower area.
6 Months:
Smokebush – continue drilling towards a compliant resource
Wildflower Gold – continue drilling after IP survey
Biloela: Copper & Gold Projects – complete land access agreements
Have the Carlinde Carlindie: Lithium granted and commence ground activities.
12 Months:
Mineral Resource and/or Jorc category at Smokebush Lightning & Monza targets projects.
Commence first copper/gold drilling as Biloela Project.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
No company-specific risks given that Terrain Minerals has been working methodically to advacne Gold adn Gallium projects throughout 2023 to 2025, to ensure it is well-positioned to roll out its 2025 drilling campaigns in high demand commodities.
What do you think makes your company such a compelling investment?
Terrain Minerals market cap is around AUD6 million.
The market cap out of many of our peers are >AUD 20-50 million.
The stack difference can likely to put down to the simple fact that our peers have been much more active in the promotional activities then we have been over the past few years and potentaly due to current soft retails investor sentiment.
As a result, Terrain Minerals is one of those rare hidden gems, that has kept on exploring …. just waiting to be discovered by an astute investor.
What are the top 3 key investor takeaways?
1. Advancing Gold, Gallium, Copper and Lithium Projects in Western Australia.
2. Diversified group of large high-quality project in known mining districts, across multiple commodities. Companies granted and pending tenements are in Western Australian and Queensland projects.
3. Committed to undertaking major drilling campaigns throughout 2025 and with new exciting projects in Gold, Copper/Gold and Lithium being granted. (In other words, regular news flow anticipated throughout 2025).