Monday, 13 November, 2017 - 15:52
Capital inflow turns talk positive
SPECIAL REPORT: Financing opportunities have improved markedly from just two years ago for the state’s junior miners, amid growing demand for drill rigs and skilled workers.
Justin Virgin has over eight years experience in the financial services industry with expertise in providing a wide range of financial services which includes capital raisings, providing general corporate advice, participating in the promotion of small‐cap companies and other investment advice involved in mergers, acquisitions and valuation for sale of small to medium enterprises.
Rank | Company | # | |
---|---|---|---|
544th | ![]() |
Terrain Minerals | $0 |
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
1139th | Hammer Metals">Hammer Metals | -22.22% | 6.96% |
1140th | Bathurst Resources">Bathurst Resources | -22.29% | -7.35% |
1141st | Terrain Minerals">Terrain Minerals | -22.3% | -2.65% |
1142nd | Platina Resources">Platina Resources | -22.54% | -1.06% |
1143rd | Reef Casino Trust">Reef Casino Trust | -22.88% | 9.56% |
![]() |
NEWS: Tagged in Terrain lands big gold result 50m from existing deposit | 31 Mar 2025 |
![]() |
NEWS: Tagged in Terrain set to drill three gold projects in WA and Queensland | 10 Mar 2025 |
![]() |
NEWS: Tagged in Terrain eyes Nova-style nickel-copper discovery at Esperance drilling | 16 Jan 2025 |
![]() |
NEWS: Tagged in Terrain charts ambitious drilling strategy to kick-off 2025 | 08 Jan 2025 |
![]() |
NEWS: Tagged in Terrain steps up hunt for big nickel deposit in elephant country | 09 Dec 2024 |
![]() |
NEWS: Tagged in State gov critical minerals boffins to run rule over Terrain gallium | 05 Dec 2024 |
![]() |
NEWS: Tagged in State gov critical minerals boffins to run rule over Terrain gallium | 05 Dec 2024 |
![]() |
NEWS: Tagged in Terrain to drill test new gold geological theory in WA’s Midwest | 26 Nov 2024 |
![]() |
NEWS: Tagged in Terrain set to hammer twin WA gold targets at Wildflower | 26 Sep 2024 |
![]() |
NEWS: Tagged in Inside the race to crack elusive WA nickel-copper code | 06 Sep 2024 |
SPECIAL REPORT: Financing opportunities have improved markedly from just two years ago for the state’s junior miners, amid growing demand for drill rigs and skilled workers.
Terrain Minerals continue to make good use of historic exploration data to zero in on interesting targets. A recent review of historic data at the company’s Gimlet project, which adjoins Mt Ridley’s project in the Fraser Range, has unearthed an interesting gold target that looks to have never been properly tested which shows gold mineralization from 15PPB to 30PPB.
Terrain Minerals’ revival of the Great Western mine near Leonora is racing ahead, with a 30-hole drill program set to begin as soon as possible. The new drill data will fill one of the last remaining gaps in in the resource for the high-grade deposit, which Terrain expects to be the foundation of even more exploration success and growth.
Terrain Minerals, with a market cap of less than $4m and a share price of around .009c are looking to differentiate themselves from the sea of mining junior's by creating an early cashflow from their Great Western gold project near Leonora. The company has appointed a consulting metallurgist to investigate building an onsite gravity milling operation.
Terrain Minerals are a chance to make the leap from junior explorer to junior producer after an injection of new funds from shareholders and management which will fund an immediate drill program at the Great Western Gold project near Leonora. The 21-hole program is one of the last steps before a prefeasibility study on development of the almost 63,000 ounce resource.
Terrain Minerals may have just transformed their Great Western gold project near Leonora into something much more serious after the company reported a number of near surface, excellent gold hits during their latest drilling campaign. Best results include 3m @ 26.6 g/t gold from just 8m down hole, 2m @ 24.4 g/t, 5m @ 6.98 g/t and 2m @ 12.1 g/t gold.
Terrain Minerals have picked up the pace with start of another drill program, this time at the Gimlet gold and nickel-copper project in the Fraser Range. The Perth-based junior has been very active and successful in the field since a capital raising in the December quarter and now has Gimlet and the flagship Great Western project generating some excitement for shareholders.
Terrain Minerals’ faith in their 100%-owned Great Western gold deposit, 68km north of Leonora has been rewarded by a 58% lift in the estimated open-pitable contained gold resource at the project. The company is now considering a host of options to monetize the project which is surrounded by numerous operating mines.
A new study of various mining and economic scenarios relating to Terrain Minerals’ Great Western gold project near Leonora has given the ASX junior a possible fast tracked pathway to cash flow. The CSA Global study shows the project could pump out up to 36,000 ounces of gold quickly and profitably with onsite processing and would still produce positive cash flows even at AUD$1500 an ounce.
A bold new idea by Terrain Minerals about the location of Cobalt and Nickel on the Yilgarn Craton has been rewarded with positive assay results from the very first reconnaissance visit. The junior explorer, best known for its work to develop the Great Western gold deposit north of Leonora, recently applied for three tenements about 170 km north-northeast of Geraldton.
Terrain Minerals is finalising a 1000 metre RC program to drill a number of never-before-tested targets at its Red Mulga project in the Murchison. The exciting greenfields project will explore a previously unrecognised occurrence of ultramafic rocks on the margin of the Yilgarn Craton with potential for nickel, cobalt and precious metals. The frontier nature of the project will be of interest to others in the region.
Terrain Minerals is about to kick off its maiden drill program at the Red Mulga project, 100km east of Kalbari. The company believes that a large mafic-ultramafic geological complex may exist at the project, based on anomalous nickel, copper and chromium assays returned from surface sampling. Drilling will also target elevated gold, copper, silver and lead assays returned from extensive quartz veining.
Terrain Minerals has commenced drilling up to 10 holes targeting cobalt, nickel, chromium, copper and gold mineralisation at the Red Mulga project near Kalbarri, Western Australia. If successful, the drill campaign will be followed up by physical airborne and/or detailed ground electromagnetic surveys to better map out the targets. Red Mulga is considered prospective for the highly sought after Cobalt.
Terrain Minerals has outlined a number of new gold exploration targets on its Wild-viper exploration licence that completely surrounds its Great Western gold project, north of Leonora in W.A. The company will shortly commence reconnaissance geological mapping and soil sampling programs over the areas of interest. Terrain also said this week that drilling results from its RC drill program at the Red Mulga exploration play near Geraldton are imminent.
Terrain Minerals has generated a high-grade grab sample of 4.67g/t gold from its new 382-shear prospect, located just south of its flagship Great Western gold resource, near Leonora, WA. The target is interpreted over more than 2.5km of strike and the company is planning a follow-up field program of shallow trenching, geological mapping and surface sampling to delineate potential drill targets along the prospective structure.
Terrain Minerals is gearing up to complete a surface trenching program across a high-grade zone identified on its Wild Viper tenement near Leonora, WA, to follow up a rock chip sample of 4.67g/t gold returned from the 382-shear prospect in March. The exploration target is located just south of the Great Western gold mineral resource and has been interpreted to strike over more than 2.5 kilometres.
Surface trench sampling has commenced at Terrain Minerals’ Wild Viper gold project near Leonora, WA, where rock chip sampling unearthed up to 4.67g/t gold in stockwork quartz veining in March. The company will complete four long trenches for 640m across the 382-shear prospect, which will assist in siting future drilling locations, over a prospective 2.5km long structure that has not been targeted by exploration in the past.
Terrain Minerals is showing impeccable timing, launching a new drill campaign at its Wild Viper gold project in WA, just as the gold price reaches for the stars. The company is set to complete 1,000 metres of reverse circulation drilling across two key targets within the project area north of Leonora. With $2 million in the bank and a bag full of gold targets throughout WA’s rich Goldfield region, Terrain looks set to power through the second half of 2020.
Terrain Minerals is off and running at its promising Smokebush gold project in WA. Drilling is now underway over the Monza and T13 prospects following up on a historical drill hits and high-grade sampling, including 2 metres at 11.3 g/t gold. Terrain farmed into the project in December 2019 and can earn an 80 per cent interest in the tenure by spending $250,000 over a two-year period.
Terrain Minerals continues to kick goals across its auriferous project area’s in WA with recent sampling smoking out a series of high-grade gold samples from the Murchison region, north of Perth. Rock chip and surface sampling along strike from the recent drilling over the Smokebush project has returned a string of gold-rich results weighing in at up to an astounding 100 g/t gold.
Terrain Minerals has lit a fire under its Smokebush gold project revealing a swag of high-grade gold hits, with first-pass drilling at the Monza prospect producing a number of impressive intercepts including 4m at 4.46 g/t gold with 1m at 10.3 g/t gold from only 51m down-hole.
Terrain Minerals has more than tripled the size of its ground holding at the Smokebush gold project in WA. The company has pegged a new exploration licence which covers approximately 26 square kilometres, linking its two existing ground holdings in the region and picking up the high-grade Paradise City prospect, where historical surface sampling returned rock chips grading over 38 grams per tonne gold.
Terrain Minerals is hunting down a wealth of newly defined gold targets in WA’s Murchison Goldfield, with geophysical surveying at its Smokebush project highlighting key prospects for drill testing. The company recently completed detailed ground magnetic surveys across the Monza, Paradise City and Wildflower targets with each of the developing prospects having previously returned anomalous gold results.
Terrain Minerals has earned its 80 per cent holding in the joint venture tenements at its Smokebush gold project in WA, with ownership of the tenure having now been transferred to the company. Terrain has ploughed over $250,000 into its exploration of the five joint venture tenements and has also issued the vendors 5 million shares in the company, meeting the conditions of the earn-in arrangement.
Terrain Minerals is getting set to resume gold drilling at its Smokebush project in WA. A successful campaign at the Monza prospect last year will be followed-up in the renewed campaign, with the Paradise City prospect, on newly acquired tenure, to also be drill tested. Last year Monza the delivered some solid numbers including 4 metres grading 4.46 grams per tonne gold.
Terrain Minerals is back on the ground at its Smokebush project in WA, with the company firing up the drill rigs and embarking on a 17-hole, 2,100 metre program of reverse circulation drilling. The latest program will extend the current drill pattern over the Monza prospect and jump into a maiden four-hole program over its new Paradise City discovery.
Terrain Minerals’ exploration at its Smokebush project is continuing to expand the footprint of its gold targets in WA’s Murchison goldfield. Sampling north of the company’s Monza discovery has now extended the mineralised envelope to almost a kilometre of strike, with recent exploration revealing additional old mine workings and returning assays of up to 4.78 grams per tonne gold.
West Perth-based minerals explorer Terrain Minerals has added a new commodity of interest to its Smokebush gold exploration project in Western Australia’s Mid West – lithium. Terrain has identified up to 20 pegmatite structures to date in a so-called “Goldilocks zone” for potential lithium mineralisation. Rock chip samples have been sent to a laboratory and results are expected in February.
Terrain Minerals will pocket $300,000 to fund its multi-mineral exploration focus after selling off its 100 per cent-owned Wildviper gold project in WA’s Goldfields region to next door neighbour Northern Star. The company has entered into a binding sale and purchase agreement with the major miner to divest the project’s exploration license that sits close to Northern Star’s Bundarra gold deposit.
Terrain Minerals is poised to launch a multi-mineral exploration mission at two projects in Western Australia after bolstering its bank balance with a timely $1.045 million raise from sophisticated and professional investors. The raise, including $102,000 from executive director Justin Virgin, smashed its original $750,000 target out of the park as investors scrambled to be involved in the company’s upcoming exploration plans.
Terrain Minerals plans to test its promising Wildflower gold project in Western Australia later this month, with an air-core drill program for 41 holes comprising about 2100m. Drilling will test the company’s two priority targets, Wildflower and Cota, where previous drilling and soil sampling produced encouraging results that management is keen to pursue at the project that sits within WA’s Murchison gold province.
Terrain Minerals’ geophysics have identified five conductors at its Lort River project near Esperance in Western Australia that show the potential for sulphide mineralisation analogous to IGO’s renowned Nova-Bollinger deposits in the same mineral belt. Two of the conductors lie on the western periphery of a prominent “eye-shaped” aeromagnetic imagery feature that may also signify a mineralised mafic intrusive.
The race is still on for companies trying to crack the exploration code within Western Australia’s rugged Albany-Fraser Orogen in the ongoing mission to reproduce the area’s renowned – and only – Nova-Bollinger nickel-copper find. Despite some firms claiming to have defined the geological silver bullet they believed would shoot them to fame, the search for the elusive prize continues.
Terrain Minerals has leapt into a new drill campaign at its Wildflower gold project in Western Australia’s Murchison province, with an air-core program of 41 holes for 2100m set to test its two high-priority targets – Wildflower and Cota. The AC drilling will target a significant 1000m-by-500m gold-in-soil geochemical anomaly consisting of a peak value of 246 parts per billion gold.
Terrain Minerals’ recent drill success at its Wildflower gold project in WA’s Midwest has caused it to create a new geological model which it will put to the test with the drill bit in a planned December drilling blitz. The company says it will plough another 2150m of drilling into the Wildflower discovery next month that is located 150km east of Dongara in WA.
In the wake of the recent Chinese ban on the export of critical minerals such as gallium that is used for semi-conductor chip manufacturing, a state government research institute is about to kick off a study that will examine the metallurgy of Terrain Minerals’ curious gallium discovery in WA’s Mid West region. The study will be done by the Minerals Research Institute of WA that is tasked with addressing knowledge and technology needs in the minerals industry.
Terrain Minerals has kicked-off a ground-based EM survey to better define four very curious, potentially nickel-copper conductors at its Lort River project that sits in the same geological belt as IGO’s huge nickel-copper discovery in the renowned Albany-Fraser Belt. Terrain believes a geophysical “eye” feature identified at Lort River shares strong similarities with IGO’s “eye” that was identified prior to its discovery of the large producing Nova-Bollinger operation in the region in 2012.
Terrain Minerals has revealed an ambitious exploration roadmap for 2025, pitching a diversified drilling assault across WA on gold, nickel, copper and gallium targets. The company is gearing up for two significant reverse circulation (RC) drilling campaigns at its flagship Smokebush gold-gallium and Lort River nickel-copper projects which is set kick-off this month and continue through the quarter and beyond.
Terrain Minerals has launched into an eagerly awaited reverse circulation drilling campaign early at its Lort River copper-nickel project in Western Australia’s renowned Albany-Fraser Belt. The campaign will target two high-priority Nova-Bollinger-like sulphide conductors, hot on the heels of promising ground-based electromagnetic survey results completed last month.
Terrain Minerals is busy pursuing three gold projects, including two in WA’s Mid West region and a newish gold project in Queensland, along with gallium, rare earths and nickel-copper plays on the go in WA. It is currently planning new drilling campaigns for the three gold targets.
Terrain Minerals has just upped the stakes significantly at its Monza gold project east of Geraldton after nailing an 11m drill hit grading 6.03g/t gold and 43.5g/t silver just 50m from known mineralisation. The high-grade hit at the new prospect to the west of the project included standout 1m intercepts of 10.28g/t, 11.41g/t, and 10.37g/t gold, suggesting a strong near-surface mineralised system.
Access to our data for Justin Virgin is only available to paid subscribers with Data & Insights access.
Data & Insights is Western Australia's most accurate and comprehensive business listings and searchable database.
Justin Virgin is linked to 2 organisations which are included in 1 list - Public Companies - Resources WA.
To see the data you will need to Subscribe.