A$15m two tranche placement, with the ability to accept overs (A$6.7m T1)1 . Offer Price: A$0.07 per share
Discount
- Last close price of A$0.0840/sh: 16.7%
- 5 trading day VWAP of A$0.0853/sh: 17.9%.
- 15 trading day VWAP of A$0.0781/sh: 10.3%.
Terra Metals Limited (ASX:TM1)
TM1
Lead Manager
Contact - Jake Grbavac
0474 484 982
jake@liquidity.com.au
Offer Price
A$0.0700
per share
Offer Size
A$15,000,000
Offer Details
Issue Price (Per Share)
A$0.0700
Discount
70.83%
Offer Size
A$15,000,000
Shares Available
214,285,714
Documents & Downloads
Use of Funds
Use of Funds
1.
Drilling & Resource definition
2.
Land access & heritage
3.
Exploration, geophysics, environmental & permitting
4.
Metallurgy, processing & economic studies
5.
Working capital & offer costs
Dante Project (100%), WA
- Targeting a unique, multi-commodity system rich in copper, gold, titanium, platinum and vanadium.
- In the heart of major mining hub, surrounded by majors BHP, Rio Tinto and Kobold Mining.
- Mineral Resource – 148Mt @ 1.38% CuEq, composed of 14.8% TiO2, 0.54% V2O5, 0.18% Cu, 0.33g/t 3PGE containing 22Mt TiO2, 800Kt V2O5, 270Kt Cu, 1.6Moz 3PGE (400Koz Au, 880Koz Pt, 330Koz Pd).
- Shallow, outcropping mineralised blanket, similar to a coal seam.
- Two large scale discoveries from surface over 20km strike length, Dante Reef 1 & 2 (Fig 3 & 4): – Large Bushveld-style high grade Ti-Cu-AU-PGM-V sulphide – Shallow dipping stratiform mineralised “blanket” from surface (5 – 10m thick).
- Potential for a low-strip, long life open cut mining operation.
Positive Phase 1 Metallurgy
Three high-grade concentrates with excellent recoveries using simple low cost processing
- High-grade Cu-AU-PGM Sulphide (28.0% Cu, 17g/t Au, 21.4g/t PGM) – metal recoveries Cu 95.8%, Au 75.8%, PGM 74.4%
- High-purity Titanium-ilmenite concentrate (40% TiO2) – optimization expected to increase concentrate grade.
- High-grade Vanadium-Magnetite (1.81% V2O5) – Vanadium recovery 90.9% using low-cost magnetic separation.
Disclaimer
This site does not constitute an offer, recommendation, or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of Terra Metals Limited. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data, and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents, or advisers makes any representation or warranty about its accuracy, reliability, completeness, or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages, and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data, or advice contained in or for any omission or for any other information, statement, or representation provided to any recipient (including, but not limited to, as a result of information, data, or advice being inaccurate, unreliable, incomplete, or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement, or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this "Notice and Disclaimer" is invalid, illegal, or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.
Disclosure of Interest: Liquidity receives commission from dealing in securities and its introducers of business may directly share in this commission. Liquidity and its associates may hold shares in Terra Metals Limited.
