Proactive - Interviews for investors

Terrain Minerals drills deep at Smokebush project; discusses gallium potential

Episode Summary

Terrain Minerals Limited executive director Justin Virgin talked with Proactive's Stephen Gunnion about the company’s current exploration efforts and forward plans across its Western Australia and Queensland projects. Virgin began by outlining Terrain’s ongoing 3,500-metre drill program at the Monza and Lightning prospects, which form part of the Smokebush project. He highlighted the presence of strong gold and silver results, including “11 metres at 6 grams and 43 grams silver at Lightning” and follow-up drilling that has identified “two parallel structures... with potential for more.” The current campaign includes 17 holes, and Virgin noted that drilling is ongoing. He also detailed progress at Larin’s Lane, a gallium and rare earths project situated nearby. Gallium is a critical material used in semiconductors, LEDs, and magnet motors. “There is no AI or quantum computing without gallium,” Virgin said, adding that the market is dominated by China, which controls 98% of global supply. Terrain’s early-stage exploration has defined a JORC exploration target on just 5% of the prospective area, with recoverable gallium in clay regolith. The company has also recently secured the Biloela Copper & Gold Project in Queensland, a historic tenement with multiple mineralisation styles and rock chips up to 9% copper. A $1.8 million rights issue is underway, supported by the board, to fund continued drilling and development across key projects. For more interviews and updates, visit Proactive’s YouTube channel. Like this video, subscribe, and turn on notifications to stay informed. #TerrainMinerals #GoldExploration #Gallium #CriticalMinerals #SmokebushProject #BiloelaProject #MiningAustralia #RareEarths #CopperGold #ResourceDrilling #ASX