Terra Metals Limited · ASX:TM1
Terra Metals — Swiss Mining Institute Conference 2026
25 slides from Terra Metals's conference presentation, Mar 19, 2026
Slide 1: World Class PGM Discovery: A Polymetallic System with Scale
WORLD CLASS PGM DISCOVERY A POLYMETALLIC SYSTEM WITH SCALE For personal use only Advancing a Multi-Discovery, Multi-Commodity, Resources Project Swiss Mining Institute Conference – March 2026 Drill Core from SWDDD006. Terra Metals Limited | ASX: TM1 (1 oz/t PGE3, 1.31% Ni, 0.55% Cu) Refer to ASX Ann
Slide 2: Disclaimers
ASX: TM1 DISCLAIMERS CAUTIONARY STATEMENTS & IMPORTANT INFORMATION FORWARD LOOKING STATEMENTS This presentation has been prepared by Terra Metals Limited’s (“Terra” or “the Company”) as a summary only and is This presentation may include forward-looking statements. These forward-looking statements a
Slide 3: Project Portfolio Western Australia
ASX: TM1 PROJECT PORTFOLIO WESTERN AUSTRALIA MULTIPLE LARGE-SCALE MINERAL SYSTEMS WITHIN ONE PROJECT • Dante Project – District-scale PGE-Cu–Au–Ti-V system in Western Australia’s West Musgrave region • Large Existing Resource – 148Mt Mineral Resource across the Dante Reefs with significant explorati
Slide 4: Capital Structure
ASX: TM1 CAPITAL STRUCTURE ASX: TM1 Pro Forma Shares on Issue1 Pro Forma Cash Balance2 Pro Forma Market Cap3 Substantial Shareholders 1,028M $90.8M $324M Golden Energy & Resources 14.9% Tribeca Investment Partners 11.0% Mr Martin Otway & Associates 9.0% 12-month Share Price Performance For personal
Slide 5: Board & Management
ASX: TM1 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 executive with Dr Sol Buckma
Slide 6: The Dante Project
ASX: TM1 THE DANTE PROJECT AUSTRALIA’S NEXT MAJOR PGM PROJECT For personal use only Strategic tenement position within the West Musgrave region, displaying surrounding companies’ tenure Dante Project tenement footprint compared to Singapore, highlighting the district-scale landholding. and major dep
Slide 7: Key Prospect Locations
ASX: TM1 KEY PROSPECT LOCATIONS RAPID ADVANCEMENT ACROSS MULTIPLE FRONTS For personal use only Plan view of Dante Project showing current MRE and the Southwest Prospect area Plan view of the Southwest Prospect area, showing various target areas (SW1, SW2, SW3, SW4, SW5, SW6, SW7, SW8, SW9), over a m
Slide 8: Dante Project – A World Class Magmatic System
ASX: TM1 DANTE PROJECT – A WORLD CLASS MAGMATIC SYSTEM A RARE DISTRICT SCALE MINERAL SYSTEM – 1 BILLION YEARS IN THE MAKING Drill Core from SWDDD006 For personal use only SW5 discovery hole: (1 oz/t PGE3, 1.31% Ni, 14m @ 6.71g/t PGE3 0.55% Cu) (incl. 3m @ 27.78g/t PGE3) Feeder Feeder Pipe Pipe + Cho
Slide 9: Other Global Magmatic Sulfide Examples
ASX: TM1 OTHER GLOBAL MAGMATIC SULFIDE EXAMPLES Mineral Resources Market Cap (as Deposit Company Stage Deposit Style Source at 25 Feb 26) Measured Indicated Inferred Total Contained Meta Chalice Gonneville project Feasibility and Large intrusive Pd–Ni–Cu 2.9Mt @ 400Mt @ 250Mt @ 660Mt @ 0.79g/t 17 Mo
Slide 10: Major High-Grade PGM Discovery at Southwest
MAJOR HIGH-GRADE PGM DISCOVERY AT ASX: TM1 SOUTHWEST UP-TO 52.97g/t PGE3 THESE GRADES ARE AMONG THE HIGHEST REPORTED GLOBALLY. For personal use only “I’ve worked on major platinum deposits around the world and never seen a hard rock drill intersection with PGM grade anywhere close to this SWT008 int
Slide 11: Southwest Discovery Hole: How Did We Get Here?
ASX: TM1 SOUTHWEST DISCOVERY HOLE HOW DID WE GET HERE? For personal use only 11 11
Slide 12: SWT008 Discovery Hole – The Hole That Failed
ASX: TM1 SWT008 DISCOVERY HOLE – THE HOLE THAT “FAILED” AN EXCEPTIONALLY HIGH-GRADE PGM DISCOVERY NEAR SURFACE SWT008 DISCOVERY HOLE 35m @ 2.90g/t PGE3 0.10% Cu from 48m (SWT008) including: 14m @ 6.71g/t PGE3 0.11% Cu from 68m with: For personal use only • 3m @ 27.78g/t PGE3 0.16% Cu, 0.15% Ni from
Slide 13: SW6 PGE-Cu-Ni Discovery
ASX: TM1 SW6 PGE-CU-NI DISCOVERY INTERPRETED TO BE ON THE EDGE OF A FEEDER ZONE 850m north of the SW5 Discovery SWRC031 + SWDD006 tail (combined): • 61m @ 1.41g/t PGE3, 0.13% Cu, 0.19% Ni from 172m For personal use only • including 35m @ 1.59g/t PGE3 • including 1.1m @ 12.67g/t PGE3 • including 0.3m
Slide 14: Dante Reefs MRE
ASX: TM1 DANTE REEFS MRE A LARGE TI-V-PGE-CU RESOURCE FROM SURFACE • Metallurgy demonstrates three high-grade concentrates with excellent recoveries • A globally unique Ti-V rich resource, that can produce a high-grade Cu-Au-PGE concentrate For personal use only • Less than 5% of outcropping strike
Slide 15: Dante Reefs MRE
ASX: TM1 DANTE REEFS MRE A LARGE TI-V-PGE-CU RESOURCE FROM SURFACE • Laterally extensive, outcropping, shallow dipping resource • Resembles a coal-seam • Potential for open-pit mining For personal use only • Majority of outcropping strike yet to be drilled Refer to ASX Announcement 24 March 2025 15
Slide 16: Excellent Metallurgy
EXCELLENT METALLURGY ASX: TM1 SUPPORTING A POTENTIAL LOW-COST PROCESSING PATHWAY EXCEPTIONAL METALLURGY High-grade WITH HIGH-GRADE CONCENTRATES Cu-Au-PGM concentrate For personal use only HIGH RECOVERIES USING LOW-COST PROCESSING High-purity MRE: 148Mt @ 1.38% CuEq (TiO2 + V2O5 + Cu + Au + PGM) Tita
Slide 17: High-Grade Titanium-Vanadium-Gallium Discovery
ASX: TM1 HIGH-GRADE TITANIUM-VANADIUM-GALLIUM DISCOVERY THICK, HIGH-GRADE MINERALISATION FROM SURFACE – MAIDEN RESOURCE 2026 For personal use only SWT002 SWRC014 • 21m @ 10.5% Ti02, 0.40% V205, 43ppm Ga203 from 101 m • 25m @ 14.3% Ti02, 0.56% V205, 51ppm Ga203 from 35m • 33m @ 14.7% Ti02, 0.57% V205
Slide 18: Phase Drilling
ASX: TM1 PHASE 4 DRILLING VISUAL MAGMATIC SULFIDES CONFIRM FERTILE PGM-CU-NI SYSTEM AT SOUTHWEST • Drilling commenced at the Southwest SW5 high-grade PGM- sulfide discovery where 2025 drilling intersected grades up to 54g/t PGE3 • Visual net-textured to semi-massive sulfides intersected early in the
Slide 19: Southwest Discovery: Diamond Drilling Confirms Magmatic Sulfide System
ASX: TM1 SOUTHWEST DISCOVERY DIAMOND DRILLING CONFIRMS MAGMATIC SULFIDE SYSTEM • Magmatic sulfide mineralisation intersected (assays pending), dominated by pyrrhotite, pentlandite and chalcopyrite. • Largest exploration campaign to-date underway, with up to five rigs drilling as the program ramps up
Slide 20: Geopolitical Landscape
ASX: TM1 GEOPOLITICAL LANDSCAPE VIABLE SUPPLY OPTION FOR HIGHLY VALUABLE METALS WITH USES GLOBAL LY • Global supply of many critical minerals is highly concentrated, creating geopolitical and supply chain risk • Western governments and industry are actively seeking secure, diversified sources of cri
Slide 21: High-Grade PGM Feeder Pipe Sulfide Focus: Next Steps
ASX: TM1 HIGH-GRADE PGM FEEDER PIPE SULFIDE FOCUS NEXT STEPS – FOCUSSED ON UNLOCKING PGE SULFIDE Indicative Strategic Focus Next Steps timing ✓ Expand and upgrade Southwest Phase 4 drilling – 30,000m of DD and RC drilling at Southwest H1 2026 PGE–Cu–Ni system For personal use only ✓ Test deep feeder
Slide 22: Development Strategy
ASX: TM1 DEVELOPMENT STRATEGY Terra Metals is advancing the district-scale Dante Project through systematic exploration, resource growth and development studies. Ongoing drilling and strong metallurgical results support the potential to expand the resource base while unlocking high-grade sulfide dis
Slide 23: Community & ESG
ASX: TM1 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 For personal use only
Slide 24: Key Value Drivers
ASX: TM1 KEY VALUE DRIVERS Terra Metals | Unlocking a Major New Magmatic Mineral District in Western Australia For personal use only Tier-1 Mining District-scale Multi-commodity Strong Development Jurisdiction Mineral System Exposure Potential Located in Western Australia, a Large magmatic system wi
Slide 25: Thank you
WORLD CLASS PGM DISCOVERY A POLYMETALLIC SYSTEM WITH SCALE For personal use only Thank you ASX:TM1 Registered Office: Level 9, 28 The Esplanade Perth Western Australia 6000 Advancing Email: a Multi-Discovery, info@terrametals.com.au Multi-Commodity, Resources Project Phone: +61 8 9322 6322 Website:
Terra Metals — Swiss Mining Institute Conference 2026 on 6ix