Terrain Minerals Ltd · ASX:TMX
Terrain Minerals — Investor Presentation (October 2025)
31 slides from Terrain Minerals's investor presentation, October 2025
Slide 1: Unlocking High-Grade Gold at Smokebush, Western Australia
TERRAIN MINERALS Unlocking High-Grade Gold at Smokebush, Western Australia Plus: Gallium, Copper, Lithium and Rare Earths: (Neodymium, Praseodymium, Dysprosium & Terbium). INVESTOR PRESENTATION October 2025 ASX:TMX
Slide 2: Cautionary Statements & Disclaimer
TERRAIN MINERALS Cautionary Statements & Disclaimer This presentation has been prepared by Terrain Minerals. It should not be There are a number of risks specific to Terrain Minerals and of a general nature which considered as an offer or invitation to subscribe for, or purchase, any securities in m
Slide 3: Why Terrain Minerals?
ASX code: TMX TERRAIN MINERALS Why Terrain Minerals? Terrain’s exploration strategy provides investors with early exposure to a high-potential flagship project, while advancing a pipeline of additional large-scale opportunities in key commodities critical to the energy transition and global developm
Slide 4: Company Profile
ASX code: TMX TERRAIN MINERALS Company Profile Capital Structure Shares on Issue: 2.6 Billion Unlisted Options: Various expiry dates / prices 53 Million QUEENSLAND Strike 0.005 expiry 17/06/2027 678 Million Port Hedland *Carlindie Biloela (Several Pending: grant) Market Cap (Million): 8 Brisbane Cash
Slide 5: Smokebush Project
ASX code: TMX TERRAIN MINERALS Smokebush Project Lightning, Wildflower & Larin’s Lane 79 31 Au Ga Ree Rare Earth Gold Gallium Elements Located 350 kilometres north of Perth. Proven to host high-grade Clay/Oxide Gallium and multiple advanced Gold targets. WA Benefits from close proximity to existing
Slide 6: Smokebush Project | Gold
ASX code: TMX TERRAIN MINERALS Smokebush Project | GOLD Lightning Project Highly successful RC drilling program (new IP model). (25) • 11 metres @ 6.03 g/t Gold + 43.5 g/t Silver from 75 metres (SBRC063). • 3 metres @ 6.12 g/t Gold from 26 metres (SBRC064). • 22 metres @ 2.71 g/t Gold from 105 metre
Slide 7: Smokebush Project | Gold - Lightning long section
ASX code: TMX 79 47 TERRAIN MINERALS 100% Au Ag Smokebush Project | GOLD OWNERSHIP Gold Silver Lightning Project (25) • Long section of the Monza trend Gold mineralisation showing drill hole pierce points with grade (g/t) x width, significant intersections (note 1) and minor historical workings. • D
Slide 8: Smokebush Project | Gold - Lightning drill chips and cross-section
ASX code: TMX 79 47 TERRAIN MINERALS 100% Au Ag Smokebush Project | GOLD OWNERSHIP Gold Silver Lightning Project Image 1 Photograph of the drill chips from hole SBRC063 with assay results superimposed for the individual metres from 75 metres down hole. (25) Image 2 Geological cross-section from Terr
Slide 9: Smokebush Project | Gold - Lightning Gold Project
ASX code: TMX TERRAIN MINERALS Smokebush Project | GOLD Lightning Gold Project (25) Early modelling suggests a north-trending shear zone acts as a Gold fluid pathway with east-west high magnetic lithological units are acting as traps for thicker, high-grade mineralisation. Image 1 Plan of the Lightn
Slide 10: Smokebush Project | Gold - Wildflower Multiple Targets
ASX code: TMX TERRAIN MINERALS Smokebush Project | GOLD Wildflower Gold - Multiple Targets Evolving Geophysical IP survey (dipole-dipole) has commenced, comprises eight lines, 400 metres apart, seen in diagram. Results expected in Q4 2025. (32) • IP targeting multiple targets: Cota, W3, T16 and Wildf
Slide 11: Smokebush Project - Proximity to Mining Operations and Services
ASX code: TMX TERRAIN MINERALS Smokebush Project Proximity to Mining Operations and Services Lightning Lightning Gold Prospect Smokebush Project I N V E S T O R P R E S E N T A T I O N - O C T O B E R 2 0 2 5 | 11
Slide 12: Smokebush Project | Gallium - Larin's Lane
ASX code: TMX TERRAIN MINERALS Smokebush Project | Gallium 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 3km area remains open). (20) • Minerals Res
Slide 13: What is Gallium?
ASX code: TMX TERRAIN MINERALS What is Gallium? 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 photovoltaic cells, lasers, NdFeB magnets and ligh
Slide 14: Smokebush Project Forward Program
ASX code: TMX TERRAIN MINERALS Smokebush Project Lightning / Wildflower & Larin’s Lane Forward Program Q4 Q1/26 Q2/26 Lightning follow up drilling. Application to convert Lightning to a mining lease submitted Q2 2025. Wildflower IP survey and drilling. Larin’s Lane (Gallium & REE) Metallurgical Studi
Slide 15: Biloela Project
ASX code: TMX TERRAIN MINERALS Biloela Project 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 release on 21 June 2023) QLD Ten additiona
Slide 16: Biloela Project | Copper & Gold
ASX code: TMX TERRAIN MINERALS Biloela Project | Copper & Gold TERRAIN 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 identified by Rio Tinto, Gold Fields Limited and
Slide 17: Biloela Project | Copper & Gold - Location
ASX code: TMX TERRAIN MINERALS Biloela Project | Copper & Gold Location of Terrain Minerals’ Biloela Copper-Gold Project within the Capricorn region of Queensland. Terrain Minerals’ Biloela Copper-Gold Project was initially identified via a machine learning study undertaken at the Centre of Explorat
Slide 18: Biloela Project Forward Program
ASX code: TMX TERRAIN MINERALS Biloela Project Forward Program Q4 Q1/26 Q2/26 Continue land owner access discussions (now granted). Desktop review and plan work activities. First pass drilling. I N V E S T O R P R E S E N T A T I O N - O C T O B E R 2 0 2 5 | 18
Slide 19: Summary
ASX code: TMX TERRAIN MINERALS Summary Smokebush – Gold 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) PROJECTS - Key Investment Highlights (26) • High hit rate: 17 out of 21 drill holes h
Slide 20: Appendix
ASX code: TMX TERRAIN MINERALS Appendix INVESTOR PRESENTATION - OCTOBER 2025 | 20
Slide 21: Carlindie Project
ASX code: TMX TERRAIN MINERALS Carlindie Project 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 ~ 1,135km2. Along strike of Wildcat Resources, Tabba Tabba WA and Bolt Cutte
Slide 22: Carlindie Project | Lithium & Gold
ASX code: TMX TERRAIN MINERALS Carlindie Project | Lithium & Gold Located 90km S/E of Port Headland & covering ~1,135 km2, ~50km N/E of Pilbara Minerals, Pilgangoora mine. Terrain is planning to undertake a 400 metre x 400 metre soil sampling program over 15km long tectonic structure, (see diagram E
Slide 23: Carlindie Project | Lithium & Gold
ASX code: TMX TERRAIN MINERALS Carlindie Project | Lithium & Gold Several tenements have recently been granted. Last Heritage objections now finalised, all parties in agreement. Located in the same mineral province as the Northern Star's Hemi Project. Advanced Machine Learning study to commence targ
Slide 24: Carlindie Project Forward Program
ASX code: TMX TERRAIN MINERALS Carlindie Project Forward Program Q4 Q1/26 Q2/26 Soil sampling program. Heritage survey. Maiden drill program over soil anomalies. INVESTOR PRESENTATION - OCTOBER 2025 | 24
Slide 25: Lort River Project
ASX code: TMX TERRAIN MINERALS Lort River Project 31 Ga Ree Rare Earth Gallium Elements Located 650 kilometres southeast of Perth WA and 50 kilometres N/W of the town of Esperance WA. 81km2 of tenure, is located in the Southern part of the Albany Fraser belt. Tenure is located within a lightly explo
Slide 26: Lort River Project | Rare Earths
ASX code: TMX TERRAIN MINERALS Lort River Project | Rare Earths January 2025 RC drilling has potentially identified a new high grade REE clay regolith system with results that appear to be of a magnitude to previous results in the area. (24) Significant intersections from the reconnaissance drilling
Slide 27: Lort River Project Forward Program
ASX code: TMX TERRAIN MINERALS Lort River Project Forward Program Q4 Q1/26 Q2/26 Metalurgical study (MRIWA) underway, results due. Soil regolith map study over the Mafic intrusive feature underway using in house V-Tem data set. Drill testing REE targets air-core drilling. I N V E S T O R P RE S E N
Slide 28: Competent Person's Statement & References
TERRAIN MINERALS Competent Person’s Statement & References Competent Person’s Statement The information in this presentation that relates to exploration results within Terrain Minerals’ tenements has been compiled by Mr Benjamin Bell, consultant to Terrain Minerals. Mr Bell has over 20 years’ experi
Slide 29: Directors & Management
TERRAIN MINERALS Directors & Management 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 as well as Sixtee
Slide 30: Want to know more? Contact Terrain Minerals
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 Perth WA 6872 Austr
Slide 31: Exploration to support new & emerging technologies
TERRAIN MINERALS Exploration to support new & emerging technologies ASX:TMX
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