Terrain Minerals Ltd · ASX:TMX
Terrain Minerals — Investor Presentation (October 2026)
33 slides from Terrain Minerals's investor presentation, Oct 12, 2026
Slide 1: Advancing High-Grade Gold/Silver at Smokebush, Western Australia
ASX code: TMX FRANKFURT code: FRA: T4Y personal use only TERRAIN MINERALS Advancing High-Grade Gold/Silver at Smokebush, Western Australia RC Drilling Campaign 86 holes for 10,905m Targeting MRE upgrade & New Discoveries Plus: Tungsten, Gallium, Copper, Lithium and Rare Earths INVESTOR PRESENTATION:
Slide 2: Cautionary Statements & Disclaimer
TERRAIN MINERALS Cautionary Statements & Disclaimer personal use only This presentation has been prepared by Terrain Minerals. It should not be Forward looking statements in this presentation only apply at the date of issue. considered as an offer or invitation to subscribe for, or purchase, any sec
Slide 3: Why Terrain Minerals?
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Why Terrain Minerals? personal use only Terrain provides investors with early exposure to its high quality flagship Smokebush Gold Project, while advancing a portfolio of large scale opportunities in critical and precious metals that underpin c
Slide 4: Corporate Action Underway & Company Restructure for 2027
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Corporate Action Underway & Company Restructure for 2027 personal use only On 9th September 2026 the company announced on the ASX that it has completed a Strategic placement and is currently conducting non-renounceable rights issue to sharehold
Slide 5: Company Profile
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Company Profile personal use only Capital Structure Shares on Issue: 3.9 Billion (Refer to page 4) Unlisted Options: Various expiry dates/prices 53 Million QUEENSLAND Port Hedland Strike 0.005 expiry 17/06/2027 678 Million * Carlindie Biloela (S
Slide 6: Smokebush Project
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Smokebush Project personal use only Lightning, Wildflower & Larin’s Lane 79 47 31 74 Au Ag Ga Ree Rare Earth W Gold Silver Gallium Elements Tungsten Located 350 kilometres north of Perth. WA Proven to host high-grade Clay/Oxide Gallium and mult
Slide 7: Smokebush Project: Proximity to Mining Operations & Tenements
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Smokebush Project Proximity to Mining Operations & Tenements with Magnetic Stratigraphy (18) personal use only M59-0796 Lightning Black Dog Monza Bobby McGee Highland Chief Hurley Camp Paradise City Mt Mulgine granite Wildflower Cota T16 The Smo
Slide 8: Lightning Maiden Starter Mineral Resource Estimate
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Smokebush Project | Gold/Silver personal use only Lightning Project - Maiden "STARTER" Mineral Resource Estimate (MRE). (26) Independent Inferred Mineral Resource Estimate (“MRE”) for Lightning delivers 677,000 tonnes at 2.5 g/t Au for 54,000 o
Slide 9: Lightning Plan View and Long Section of the MRE
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Smokebush Project | Gold/Silver personal use only Lightning Project - Plan View and Long Section of the MRE Lorem Diagram 1: Lightning Inferred Mineral Resource Estimation Long Section. Diagram 2: Plan View of Lightning Inferred Mineral Resourc
Slide 10: Metallurgical Testing from Lightning Deposit
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Smokebush Project | GOLD personal use only Metallurgical Testing from Lightning Deposit (29) Amenable to Conventional Gravity & CIL Processing: • Conventional processing achieved gold recoveries of 87.0%, 92.1% and 93.7% across Composites 1–3 u
Slide 11: Lightning Project - Gold/Silver & Tungsten
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Smokebush Project | GOLD ? personal use only Lightning Project - Gold/Silver & Tungsten ? Key Investment Highlights • Mineralisation remains open along strike and at depth with known mineralisation sitting outside of the current maiden mineral
Slide 12: October 2026 RC Drilling Campaign
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Smokebush Project | GOLD personal use only Lightning Project - Gold/Silver & Tungsten October 2026 RC drilling campaign 10,905 metres for 86 Holes: (28) • 54 holes for 5,735m: Targeting resource growth of the Lightning MRE, through open-pit inf
Slide 13: Lightning Gold/Silver Project IP Survey
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Smokebush Project | GOLD personal use only Lightning Gold/Silver Project (8, 12, 27, 28) Highly Successful Induced Polarisation (IP) Survey now re-interpreted highlighting potential fluid corridors. Strongest IP chargeability anomaly immediatel
Slide 14: Wildflower Gold & Silver - Targets Drill Tested
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Smokebush Project | Gold personal use only Wildflower Gold & Silver - Targets Drill Tested Highly Successful IP Survey (dipole-dipole) & Drill Testing (14, 24) • Identified 3 large +800m targets, over structures & under gold soil anomalies. • St
Slide 15: Tungsten: Emerging District-Scale Opportunity
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Smokebush Project | Tungsten personal use only Tungsten: Emerging District-Scale Opportunity (32) High-grade tungsten confirmed - 20 intersections >1,000ppm W across 16 holes and 5 prospects, including: • 1m @ 0.75% WO3 from 144m (SBRC074, Ligh
Slide 16: Smokebush Forward Program
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Smokebush Project personal use only Lightning / Wildflower & Larin’s Lane Forward Program Q4 Q1/27 Q2/27 Lightning Oct 2026 RC Drilling: Targeting infill, extension and new discovery. Mineral Resource Estimate (MRE) upgrade (JORC). Drill testing
Slide 17: Summary
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Summary personal use only SMOKEBUSH – GOLD/SILVER PROJECT & GALLIUM (REE) Located in the historic WA Mid-West mining district, the region is home to numerous historic and active mines. LIGHTNING (GOLD/SILVER) PROJECT - Key Investment Highlights
Slide 18: Appendix
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Appendix personal use only SMOKEBUSH - LARIN'S LANE (GALLIUM/REE) PROJECT • JORC compliant exploration target released. (4) • Successful first stage Metallurgical Study completed. (31) CARLINDIE PROJECT - (PILBARA REGION) - LITHIUM & GOLD (PART
Slide 19: Larin's Lane - Gallium Project
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Smokebush Project | Gallium personal use only Larin’s Lane - Gallium Project • Gallium - JORC-compliant exploration target released on ASX 6 November 2024. Smokebush • JORC exploration target only covers 5% of 27km2 target area Project (9km by
Slide 20: What is Gallium?
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS What is Gallium? personal use only Gallium is classified as a critical metal by the USA, United Kingdom, Japan, European Union and Australia. Main applications are in defence, semi-conductors and computer chips, electronic circuitry and photovo
Slide 21: Carlindie Project
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Carlindie Project personal use only 3 79 Li Au Port Hedland CARLINDIE Lithium Gold * PROJECT (Application pending) Located 90 kilometres south-east of Port Hedland, Western Australia. Tenement applications cover ~735km2. Along strike of Wildcat
Slide 22: Carlindie Project | Lithium & Gold
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Carlindie Project | Lithium & Gold personal use only Located 90km south-east of Port Hedland & covering ~735 km2, ~50km north-east of Pilbara Minerals, Pilgangoora mine. Terrain’s Carlindie Project is under 3m of soil cover and in a favourable
Slide 23: Carlindie Project | Lithium & Gold
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Carlindie Project | Lithium & Gold personal use only Advanced Machine Learning study completed, identifying 3 new priority targets. Only one of the areas has been soil sampled. Highly successful maiden soil sampling program along 15km corridor
Slide 24: Carlindie Project: Antimony and Arsenic in Soils
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Carlindie Project | Lithium & Gold personal use only Above plan of antimony (Sb) in soils across the surveyed grid at Carlindie, Above plan image of arsenic (As) in soils across the surveyed showing the coherent multi-kilometre antimony respons
Slide 25: Lort River Project
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Lort River Project personal use only 31 Ga Ree Rare Earth Gallium Elements Located 650 kilometres southeast of Perth and WA 50 kilometres north-west of the town of Esperance WA. 81 km2 of tenure, is located in the Southern part of the Albany Fr
Slide 26: Lort River Project | Rare Earths
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Lort River Project | Rare Earths ALBANY - FRASER BELT WESTERN TROPICANA AUSTRALIA personal use only YILGARN NOVA January 2025 Air-core drilling confirmed mineralisation in 25 of the 35 holes, PERTH LORT RIVER CRATON NOVA identifying a broad cla
Slide 27: Biloela Project
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Biloela Project personal use only 29 79 Cu Au Copper Gold Located 400 kilometres northwest of Brisbane. Exploration permits totalling 2,462km2 of tenure. Townsville Seven historic copper-gold mines reported within Biloela Project. (refer to ASX
Slide 28: Biloela Project | Copper & Gold
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Biloela Project | Copper & Gold TERRAIN personal use only MINERALS' The Biloela Project lies 13 kilometres north of TENEMENTS the Cracow Gold Mine in the Glandore and Theodore region of Queensland. Extensive ~2,500km2 tenement area, first ident
Slide 29: Biloela Project | Copper & Gold
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Biloela Project | Copper & Gold personal use only Image 1 Location of Terrain Minerals’ Biloela Copper-Gold Project within the Capricorn region of Queensland. Image 2 Terrain Minerals’ Biloela Copper-Gold Project was initially identified via a
Slide 30: Competent Person's Statement & References
TERRAIN MINERALS Competent Person’s Statement & References personal use only Competent Person’s Statement The information in this report that relates to Mineral Resources is based on information compiled by Mr Steven Nicholls, Competent Person who is a Member of Australian Institute of Geoscientists
Slide 31: Directors & Management
TERRAIN MINERALS Directors & Management personal use only Justin Virgin Jason Macdonald EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR Mr Virgin has over fourteen years’ experience as a ASX director of listed Mr Macdonald is a qualified legal practitioner, holding a Bachelor of Laws exploration companies
Slide 32: Want to know more? Contact Terrain Minerals
personal use only Want to know more? Contact Terrain Minerals Principal Registered Office Share Register Suite 2, 28 Outram Street, Computershare Investor Services Pty Ltd West Perth, Western Australia, 6005 Level 17, 221 St Georges Terrace, Australia Perth, Western Australia, 6000 PO Box 79, West P
Slide 33: Exploration to support new & emerging technologies
personal use only TERRAIN MINERALS Exploration to support new & emerging technologies ASX:TMX FRA:T4Y
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