Carlindie Project: Lithium and Gold
Ownership: Several applications still pending grant
Size: ~1,135km2
Location: 90 kilometres southeast of Port Hedland,
Western Australian along the strike of Wildcat Resources Bolt Cutter Lithium
Project and neighbouring SQM and Kali Metals Pilbara Lithium Project.
Background: Terrain is seeking to fast track
granting of this tenement with several granted.
- Terrain has completed 400m x 400m soil sampling program over 15km long tectonic structure, (see ASX: 01/10/2025).
- Desktop studies have identified key areas fitting to Terrain’s internal geological modelling.
- Terrain’s Carlindie Project is under 3m of soil cover and in a favourable geological setting within WA’s premier Lithium district.
- A Machine Learning study is currently being run over the project area.

Diagram 1: Terrain Minerals Carlindie Project is located within the Pilbara
region of Western Australia. The region is arguably Australia’s premier address
for lithium mineralisation and hosts significant deposits including Pilbara
Minerals’ Pilgangoora lithium operation and Mineral Resources’ Wodgina lithium
mine as well as Northern Star’s Hemi gold deposit. The Company’s Carlindie
Project is positioned along an interpreted extension of the tectonic structure
that hosts Wildcat Resources’ Tabba Tabba lithium deposit and the recently
discovered Bolt Cutter Central lithium mineralisation.

Diagram 2: Processing of the open-file Western Australian Government
aeromagnetic data highlighted that the tectonic structure associated with
Wildcat Resources’ Tabba Tabbe lithium deposit extends into Terrain Minerals
Carlindie Project. This results in Terrain Minerals identifying more than 15
kilometres of prospective geology within its 100% owned tenement E45/6524. The
prospectivity of this tectonic structure was strengthened following Wildcat
Resources ASX announcement dated 4 August 2025, where they reported multiple
lithium-bearing pegmatite swarms at Bolt Cutter Central, being the western
extension of the same tectonic structure hosted within Terrain Minerals
Carlindie Project (see ASX: 01/10/2025).

Diagram: Plan of the soil sampling program designed to cover the
15-kilometre strike of the prospective tectonic structure within Terrain
Minerals Carlindie tenement E 45/6524. The completed surface geochemical
sampling program comprises ~860 individual samples spaced on a 400 x 400 metre
grid. This program is anticipated to take 14 days to complete with the assays
due within four weeks of receipt by the Perth-based laboratory. (see ASX:
01/10/2025).