Terrain Minerals Ltd · ASX:TMX
Terrain Minerals — Investor Presentation (December 2025)
31 slides from Terrain Minerals's investor presentation, Dec 5, 2025
Slide 1: Advancing High-Grade Gold/Silver at Smokebush, Western Australia
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Advancing High-Grade Gold/Silver at Smokebush, Western Australia RC Drilling Underway: 34 hole for 6,800m Plus: Gallium, Copper, Lithium and Rare Earths: (Neodymium, Praseodymium, Dysprosium & Terbium). INVESTOR PRESENTATION December 2025
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 FRANKFURT code: FRA: T4Y TERRAIN MINERALS Why Terrain Minerals? Terrain provides investors with early exposure to its high-quality flagship project and a growing portfolio of large-scale opportunities in critical and precious metals that underpin current and future technologies. Invest
Slide 4: Company Profile
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Company Profile Capital Structure Shares on Issue: 2.9 Billion Unlisted Options: Various expiry dates / prices 53 Million QUEENSLAND Strike 0.005 expiry 17/06/2027 678 Million Port Hedland *Carlindie Biloela Market Cap (Million): ~14 (Several Pe
Slide 5: Smokebush Project
ASX code: TMX FRANKFURT code: FRA: T4Y 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 clo
Slide 6: Smokebush Project: Proximity to Mining Operations and Services
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Smokebush Project Proximity to Mining Operations and Services Lightning Lightning Gold Prospect Smokebush Project INVESTOR PRESENTATION - DECEMBER 2025 | 6
Slide 7: Smokebush Project | Gold: Lightning Key Investment Highlights
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Smokebush Project | GOLD Lightning Project - Gold/Silver Key Investment Highlights • High hit rate from last RC drill campaign (22 holes for 4,995m) using new IP model: ▪ 17 out of 21 drill holes hit Gold. (12) Silver upside: Strong silver grad
Slide 8: Smokebush Project | Gold
ASX code: TMX FRANKFURT code: FRA: T4Y 79 47 TERRAIN MINERALS 100% Au Ag Smokebush Project | GOLD OWNERSHIP Gold Silver Lightning Project (8) • 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
Slide 9: Smokebush Project | Gold: Lightning Project
ASX code: TMX FRANKFURT code: FRA: T4Y 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. (8) Image 2 Geological
Slide 10: Smokebush Project | Gold: Lightning Gold/Silver Project
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Smokebush Project | GOLD Lightning Gold/Silver Project (8, 12) 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 mineral
Slide 11: Wildflower Gold - Priority IP Targets Identified
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Smokebush Project | GOLD Wildflower Gold - Priority IP Targets Identified Highly Successful IP Survey (dipole-dipole) (14) Identifies Multiple large zones extending beyond 800 meters. • 3 targets emerging over 3 structures. • Strong similarities
Slide 12: Larin's Lane - Gallium Project
ASX code: TMX FRANKFURT code: FRA: T4Y 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 o
Slide 13: What is Gallium?
ASX code: TMX FRANKFURT code: FRA: T4Y 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, laser
Slide 14: Smokebush Project Forward Program
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Smokebush Project Lightning / Wildflower & Larin’s Lane Forward Program Q4 Q1/26 Q2/26 Lightning follow up drilling. Mining lease granted. Wildflower IP survey and drilling. Larin’s Lane (Gallium & REE) Metallurgical Studies. INVESTOR PRESENTATI
Slide 15: Biloela Project
ASX code: TMX FRANKFURT code: FRA: T4Y 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 Jun
Slide 16: Biloela Project | Copper & Gold
ASX code: TMX FRANKFURT code: FRA: T4Y 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
Slide 17: Biloela Project | Copper & Gold
ASX code: TMX FRANKFURT code: FRA: T4Y 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
Slide 18: Biloela Project Forward Program
ASX code: TMX FRANKFURT code: FRA: T4Y 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. INVESTOR PRESENTATION - DECEMBER 2025 | 18
Slide 19: Summary
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Summary 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) PROJECTS - Key Investment Highlights (11) • High hit
Slide 20: Appendix
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Appendix INVESTOR PRESENTATION - DECEMBER 2025 | 20
Slide 21: Carlindie Project
ASX code: TMX FRANKFURT code: FRA: T4Y 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, Tabb
Slide 22: Carlindie Project | Lithium & Gold
ASX code: TMX FRANKFURT code: FRA: T4Y 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 has now completed a 400 metre x 400 metre soil sampling program, collected 822 samples over 15k
Slide 23: Carlindie Project | Lithium & Gold
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Carlindie Project | Lithium & Gold Several tenements have recently been granted with the remaining applications expected to be granted in 2026. Located in the same mineral province as the Northern Star's Hemi Project. Advanced Machine Learning
Slide 24: Carlindie Project Forward Program
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Carlindie Project Forward Program Q1/26 Q2/26 Follow up infill soil’s program (If required) & Machine Learning study results are due back. Heritage survey for drilling. Maiden drill program over soil anomalies. INVESTOR PRESENTATION - DECEMBER
Slide 25: Lort River Project
ASX code: TMX FRANKFURT code: FRA: T4Y 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 locat
Slide 26: Lort River Project | Rare Earths
ASX code: TMX FRANKFURT code: FRA: T4Y TERRAIN MINERALS Lort River Project | Rare Earths January 2025 RC drilling has potentially identified a new high grade REE clay regolith basin target covering 66 km2 with results that appear to be of a magnitudeto previous results in the area. (7, 16) Significa
Slide 27: Lort River Project Forward Program
ASX code: TMX FRANKFURT code: FRA: T4Y 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 completed and results released. Drill testing REE targets air-core drilling. INVESTOR P
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 FRA:T4Y
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