Terra Metals Limited · ASX:TM1
Terra Metals — Noosa Mining Conference 2025
20 slides from Terra Metals's conference presentation, Nov 14, 2025
Slide 1: Dante Project: Positioned for Growth
Ti For personal use only Cu PGE TERRA METALS LIMITED Dante Project Au Positioned for Growth V Unlocking a District-Scale Polymetallic System in the West Musgrave Noosa Mining Conference| November 2025 | ASX:TM1 ABN: 44 155 933 010 ASX:TM1 | Corporate Presentation 1
Slide 2: Project Portfolio
Project Portfolio CRITICAL MINERAL EXPLORER IN WESTERN AUSTRALIA Terra Metals is advancing the district-scale Dante Project in the West Musgrave region of Western Australia, a globally significant, multi-commodity system rich in copper, platinum group metals, gold, vanadium and titanium. Terra is fo
Slide 3: Pro Forma Capital Structure
Pro Forma Capital Structure|ASX:TM1 Pro Forma Shares on Issue Cash Balance1 Market Cap2 Pro Forma Substantial Shareholders 791.4M $16.4M $114.8M Golden Energy & Resources 17% 12-month Share Price Performance Tribeca Investment Partners 14% $0.200 Volume TM1 A$ Share Price 25,000,000 Gold Quay Capita
Slide 4: Globally Significant Critical and Precious Metal Asset
GLOBALLY SIGNIFICANT CRITICAL AND PRECIOUS METAL ASSET POTENTIAL TO BE A LOW-COST CURVE PRODUCER OF TITANIUM, VANADIUM, COPPER, GOLD & PLATINUM GROUP METALS MRE: 148Mt @ 1.38% CuEq* EXCEPTIONAL METALLURGY (TiO2 + V2O5 + Cu + Au + PGM) WITH HIGH-GRADE CONCENTRATES For personal use only DIVERSIFIED CR
Slide 5: The Dante Project
The Dante Project A DISTRICT SCALE PROJECT SURROUNDED BY MAJORS ✓ A large 1,200km2 portfolio in the heart of emerging major mining hub ✓ Surrounded by Majors BHP, Rio Tinto and Kobold Mining ✓ A dominant land position in the Jameson Layered Intrusion – the Bushveld in Australia ✓ Maiden Mineral Reso
Slide 6: Dante Reefs: Size Does Matter
Dante Reefs SIZE DOES MATTER ✓ Spanning >1,200 km², the Dante Project is a district-scale critical metals system — comparable in area to Greater London, the Perth metropolitan region, and nearly twice the size of Singapore. Singapore 1. Singapore (733 km²) Dante is roughly 1.7 times the size of Sing
Slide 7: Dante Reefs: Size Does Matter
Dante Reefs SIZE DOES MATTER ✓ Spanning >1,200 km², the Dante Project is a district-scale critical metals system — comparable in area to Greater London, the Perth metropolitan region, and nearly twice the size of Singapore. 1. Singapore (733 km²) Dante is roughly 1.7 times the size of Singapore. For
Slide 8: Dante Reefs: Size Does Matter
Dante Reefs SIZE DOES MATTER ✓ Spanning >1,200 km², the Dante Project is a district-scale critical metals system — comparable in area to Greater London, the Perth metropolitan region, and nearly twice the size of Singapore. 1. Singapore (733 km²) Dante is roughly 1.7 times the size of Singapore. For
Slide 9: High-Grade Reef from Surface
High-Grade Reef from Surface DANTE REEFS – A DISCOVERY MEASURED IN SQUARE KILOMETRES • Shallow, flat-lying, outcropping mineralisation, which resembles a coal seam • Potentially amenable to low-strip, open pit mining For personal use only Drill Hole URC022, 5m @ 19.2% TiO 2, 0.86g/t PGE3, 0.26% Cu,
Slide 10: High-Grade Reef from Surface: Mineral Resource
High-Grade Reef from Surface DANTE REEFS – A GROWING DISCOVERY MEASURED IN SQUARE KILOMETRES • Large Resource delivered within 12 months of discovery at a discovery cost of just $0.07/t • Current MRE covers <10% of mapped outcropping For personal use only strike — major growth potential Grade Tonnag
Slide 11: Metallurgy Delivers Three High-Grade Concentrates
PHASE 1 METALLURGY DELIVERS THREE HIGH-GRADE CONCENTRATES WITH EXCELLENT RECOVERIES 1 1. High-grade Cu-Au-PGM Sulphide concentrate. • Concentrate grade: 28.0% Cu, 17g/t Au, 21.4g/t PGM (Recleaner Con). • Metal recoveries: Cu: 95.8%; Au: 75.8%; PGM: 74.4% (Rougher Con). 2. High-purity Titanium-ilmeni
Slide 12: Southwest Prospect: Emerging High-Grade Sulfide Discovery
SOUTHWEST PROSPECT EMERGING HIGH-GRADE SULFIDE DISCOVERY • Multiple massive and semi-massive sulphides intercepted, including pyrrhotite–chalcopyrite–pentlandite assemblages typical of magmatic Ni–Cu–PGE–Co systems (assays pending). • Thick mineralised reefs up to 59 m @ 0.95 % CuEq & 172 ppm Co, re
Slide 13: Southwest Prospect: Emerging High-Grade Sulfide Discovery
SOUTHWEST PROSPECT EMERGING HIGH-GRADE SULFIDE DISCOVERY • Mineralisation exists within and outside the reef packages – with some of the richest sulphide accumulations being in the hanging wall and footwall sequences. • Cross-cutting Feeder Zones: Narrow, chonolith-style conduits and dykes cut the l
Slide 14: Southwest Prospect: New Magmatic Sulfide Discovery
SOUTHWEST PROSPECT NEW MAGMATIC SULFIDE DISCOVERY • Thick titanium-vanadium reefs discovered, one of multiple new mineralisation styles identified at Southwest Drilling highlights from SW3 prospect include: • SWRC008 • 59 m @ 0.95% CuEq & 172 ppm Co from 131 m, incl: • 31 m @ 1.14% CuEq & 198 ppm Co
Slide 15: Dante Project: Major Exploration Upside
DANTE PROJECT MAJOR EXPLORATION UPSIDE GROWTH OPPORTUNITY – DANTE PROJECT • MRE area covers <10% of mapped mineralised trend – system remains open along strike and at depth • Reconnaissance work is expanding the known footprint For personal use only • Only 2 outcropping reefs tested (potential for m
Slide 16: Community & ESG
COMMUNITY & ESG AUTHENTICALLY ADDING VALUE WHERE IT REALLY COUNTS • Terra Metals are genuine ESG-focused explorers, committed to finding creative ways to add value to local communities at all stages of project development • Traditional owners are kept informed and are aligned with TM1s strategy For
Slide 17: Board & Management
Board & Management Board of Directors Management & Technical Team Mr Ian Middlemas Mr Thomas Line Mr Thomas Line Dr Solomon Buckman Chairman CEO & Managing Director CEO & Managing Director Chief Geologist Mr Middlemas was a Senior Group Mr Line is an experienced geologist and Mr Line is an experienc
Slide 18: Dante Project: the Bushveld in Australia's West Musgrave
TERRA METALS Dante Project: the Bushveld in Australia's West Musgrave For personal use only Hosts multiple "Bushveld-style" sulfide reefs across >80km of mineralised strike Two confirmed reef systems with potential for open-cut, low-cost development Excellent infrastructure access and Tier-1 mining
Slide 19: Contact
For personal use only Contact info@terrametals.com.au ASX : TM1 terrametals.com.au KICKING GOALS IN 2025 AND BEYOND ASX:TM1 | Corporate Presentation 19
Slide 20: Disclaimers
Disclaimers CAUTIONARY STATEMENTS & IMPORTANT INFORMATION FORWARD LOOKING STATEMENTS This presentation has been prepared by Terra as a summary only, and This presentation may include forward-looking statements. These forward-looking statements are based on Terra Metals does not contain all informati