Slide 1: Dante Reefs: Globally significant copper-gold and titanium discovery
Ti For personal use only Cu PGE Dante Reefs Globally significant copper-gold and Au titanium discovery V in Western Australia Future Facing Commodities | April 2025 | Singapore Corporate Presentation | April 2025 | Terra Metals Limited | ASX: TM1 | ABN: 44 155 933 010
Slide 2: Project Portfolio
Project Portfolio Exploring for world-class critical mineral deposits in Western Australia Terra Metals is advancing the district-scale Dante Reefs in Western Australia, targeting a unique, multi-commodity system rich in copper, gold, titanium, platinum and vanadium —offering significant discovery p
Slide 3: Dante Project | The Bushveld in Australia
Dante Project | The Bushveld in Australia The First of its Kind Investment Summary For personal use only Potential for a low strip Potential for low-cost Maiden Resource open cut mining scenario production of 3 high-grade Estimation underway concentrates High-grade copper-gold- High-grade vanadium H
Slide 4: Company Overview | ASX:TM1
1 Company Overview | ASX:TM1 Cash Balance2 Shares on Issue1 Market Capitalisation1 Shareholder Structure 407.6M $2.5M $8.2M For personal use only $0.120 120,000,000 Tribeca Reef 2 Discovery 15% 16% $0.100 100,000,000 Mimo $6M placement 7% 7% Strategies $0.080 80,000,000 Reef 1 Discovery 50% 8% Direc
Slide 5: Board & Management
Board & Management Board of Directors Management & Technical Team Mr Ian Middlemas Mr Thomas Line Mr Thomas Line Dr Scott Halley Chairman CEO & Managing Director CEO & Managing Director Chief Geochemist Mr Middlemas was a Senior Group Mr Line is an experienced geologist and Mr Line is an experienced
Slide 6: The Dante Project
The Dante Project A large-scale discovery with the potential to be a globally significant producer of For personal use only copper, gold, titanium, platinum and vanadium 6
Slide 7: How Do Mines Become Mines? Exploration
Q: How Do Mines Become Mines? A: Exploration - Someone has to find them!! 4 3 2 For personal use only 1 Drill Hole URC003, 5m @ 0.74% Cueq, 18.5% TiO2, 0.61% V205 from 80m Drill Hole URC022, 5m @ 19.2% Drill Hole URC005, 5m @ TiO2, 0.26% Cu, 0.86g/t Au + 0.64% Cueq, 21.2% TiO2, PGM, 0.78% V205 from
Slide 8: How Do Mines Become Mines? Prospectivity
Q: How Do Mines Become Mines? A: Exploration - Someone has to find them!! ✓ Prospectivity - Geophysics, Geological Mapping, Geochemistry For personal use only Small Mines ASX:TM1 | Corporate Presentation 88
Slide 9: How Do Mines Become Mines? Ground Truthing
Q: How Do Mines Become Mines? A: Exploration - Someone has to find them!! ✓ Prospectivity - Ground Truthing ✓ If you’re lucky, the ore body sticks out of the ground ✓ There aren’t many of these left on Earth For personal use only Small Mines ASX:TM1 | Corporate Presentation 99
Slide 10: How Do Mines Become Mines? Drilling
Q: How Do Mines Become Mines? A: Exploration - Someone has to find them!! ✓ Drilling – is it real? ✓ What is the geometry? ✓ How big is it? For personal use only Small Mines ASX:TM1 | Corporate Presentation 1010
Slide 11: How Do Mines Become Mines? Discovery
Q: How Do Mines Become Mines? A: Exploration - Someone has to find them!! Drill Hole URC022, 5m @ 19.2% TiO2, 0.26% Cu, 0.86g/t Au + ✓ Discovery ! PGM, 0.78% V205 from 12m ✓ Only 1 in 1000 For personal use only Drill Hole URC005, 5m @ 0.64% Cueq, 21.2% TiO2, 0.81% V205 from 21m Drill Hole URC003, 5m
Slide 12: The Dante Project: Regional Scale Project Surrounded by Majors
The Dante Project A REGIONAL SCALE PROJECT SURROUNDED BY MAJORS ✓ A large ~654km2 with an option over an additional 617km2 portfolio in the heart of emerging major mining hub ✓ Two Tier-1 resources within 15km (Nebo-Babel & Succoth) ✓ Airstrip, grid power, cell service, and town on tenement For pers
Slide 13: High-Grade Reef from Surface
High-Grade Reef from Surface Dante Reefs o High-grade reef from surface, with significant copper, gold, titanium, platinum and vanadium. o Shallow, Consistent “Mineralised Blanket”: Simple resource definition, and potential for a large open-pit mining scenario o Total discovery strike >20km (open) F
Slide 14: Dante Reefs – Reef North (Crius) and Reef (Hyperion)
Dante Reefs – Reef 1 North (Crius) and Reef 2 (Hyperion) THE DANTE REEFS HAVE THE POTENTIAL TO HOST LARGE DEPOSITS OF COPPER, GOLD, TITANIUM PLATINUM, & VANADIUM o Large Bushveld-style Ti-Cu-Au-PGM-V sulphide reef discovery o Focus area 10km of strike across Crius and Hyperion o Shallow dipping stra
Slide 15: Feasibility
FEASABILTIY CAN THE METAL BE EXTRACTED? CAN THE EXTRACTION BE PROFITABLE? ✓ Metallurgy: can you get the metal out? ✓ Whats is the value of the products you can extract? ✓ Resource Definition (tonnes, grade, geometry, contained metal, strip ratio) For personal use only ✓ Scoping and feasibility ASX:T
Slide 16: Phase Metallurgy Complete
PHASE 1 METALLURGY COMPLETE DELIVERS THREE HIGH-GRADE CONCENTRATES WITH EXCELLENT RECOVERIES1 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 Titaniu
Slide 17: Globally Significant Critical Minerals Asset
Globally Significant Critical Minerals Asset POTENTIAL TO BE A LOW-COST CURVE PRODUCER OF COPPER, GOLD, AND TITANIUM WITH PLATINUM AND VANADIUM BYPRODUCTS WORLD-CLASS SCALE DISCOVERY HIGH-GRADE CONCENTRATES AND GROWING DIVERSIFIED WITH MULTIPLE HIGH -RECOVERIES USING For personal use only POTENTIAL
Slide 18: What happens with mined product
Q. What happens with mined product A: Raw concentrates get turned into higher -value products ✓ What happens with raw concentrates after they are produced? 4 Downstream processing ✓ Downstream processing can multiply the value of a metal in concentrate 3 For personal use only 2 1 ASX:TM1 | Corporate
Slide 19: Globally Significant Critical Minerals Asset
Globally Significant Critical Minerals Asset POTENTIAL TO BE A LOW-COST CURVE PRODUCER OF COPPER, GOLD, AND TITANIUM WITH VANADIUM BYPRODUCT WORLD-CLASS SCALE DISCOVERY HIGH-GRADE CONCENTRATES AND GROWING DIVERSIFIED WITH MULTIPLE HIGH -RECOVERIES USING For personal use only POTENTIAL REVENUE STREAM
Slide 20: The Dante Project: Big Exploration Upside
The Dante Project BIG EXPLORATION UPSIDE o Only 15% of strike drilled o Strong pipeline of targets under development with lots of exploration upside o Discovery expected to grow significantly with further drilling For personal use only o High chance of new discoveries o Multiple high-priority airbor
Slide 21: 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 22: Dante Project: the Bushveld in Australia
TERRA METALS Dante Project: the Bushveld in Australia For personal use only Strategically located in a Tier-1 Mining Jurisdiction, West Musgrave Metallurgy confirms 3 high-grade concentrates can be produced with excellent recoveries Potential to be a globally significant source of copper, gold, tita
Slide 23: 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 23
Slide 24: 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
Slide 25: Appendix - Other WA Projects
Appendix - Other WA Projects For personal use only 25
Slide 26: Southern Cross Lithium-Gold Project
Southern Cross Lithium-Gold Project A DISTRICT SCALE LITHIUM AND GOLD OPPORTUNITY o Results from a 1,770 UltraFine soil sampling program revealed a large 10km x 2km lithium soil anomaly > 100ppm Li2O o The anomaly is coincident with a major fault structure and favourable geology associated with the
Slide 27: Onslow Project
Onslow Project HIGH-GRADE 1,060g/t SILVER INTERCEPT AT ONSLOW PROJECT o Partial assay results from a maiden diamond core drilling program at the Onslow Project has returned high-grade silver and tungsten. o High-grade intercept of 1m @ 1,060g/t Ag, 0.23% Cu and 0.99% WO3 from 160m (hole OND003) with
Slide 28: Geological Significance of the Dante Reefs
Geological Significance of the Dante Reefs The Bushveld in Australia o The Dante Reefs Project is part of the Jameson Layered Intrusion; a large mafic intrusion similar to South Africa’s renowned Bushveld Complex. o The Bushveld Complex, known as the world’s largest source of PGMs, vanadium, titaniu