Ownership: 100%
Terrain Minerals Limited
Location: 350 kilometres north of Perth, within the Murchison Gold Province of Western Australia. The project is contained within contiguous Licenses enclosing a total area of approximately ~170 square kilometres. Additional areas have also been pegged and granted and are 100% owned. The tenements can be accessed via the unsealed Perenjori - Warriedar Road, and thence via extensive historical exploration grid lines, station tracks and fences lines.
Background: Terrain’s
Smokebush Gold Project is positioned within the same geological corridor that
hosts the historic Golden Dragon and Minjar gold mining operations.
Incorporates the following sub-projects:
Gold Targets: Lightning, Wildflower and area, including Cota, W3, and T16 targets.
Gallium/REE Project: Larin’s
Lane, Gallium oxide (sand/regolith) Project – Refer to other project tab.
Lightning: Unveiling Exceptional Gold and Silver Potential
- Lightning Highlights (see
ASX: 31/03/2025, 29/09/2025 & 13/10/2025):
- Parallel structures yield impressive results:
- 11 metres @ 6.03 g/t Gold + 43.5 g/t silver from 75 metres down hole (SBRC063).
- 22 meters @ 2.71 g/t Gold, + 21m @ 15.79 g/t Silver from 105 meters down hole (SBRC074).
- 17 meters @ 3.43 g/t Gold + 17.88 g/t Silver from 147 meters down hole (SBRC080).
- 13 meters @ 8.13 g/t Gold from 122 meters down hole (SBRC080).
- Future Exploration Focus:
- Initial metallurgical studies underway.
- Large RC drilling program to roll out 2025 & 2026.
- Targeting a maiden JORC resource mid-2026.
- Investigating style of mineralisation and the potential for a new discovery.
Wildflower Gold: Unlocking Promising Potential
Exciting Targets Identified: Cota, W3, T16, and Wildflower, all concealed under ~30m of soil cover.
- Successful Drilling Results (see ASX: 12/11/2024):
- 9m @ 1.17 g/t gold from 30m (including 3m @ 2.61 g/t gold from 33m) -
(24WFAC062).
- Broad zones of lower-grade supergene gold anomalies.
- IP Survey identified 3 new targets (see ASX: 10/11/2025):
- Large targets under elevated gold in soil anomalies and near recent air core drilling results.
- RC drill testing planned January 2026.
- Future Exploration Focus:
- Targeting high-priority NW-trending structures that may replicate the shear zones of the Rothsay Deposit.
- These structures align with historic gold-in-soil anomalies and recent drill findings.
Diagram 1: Location of drill holes from Terrain Minerals’ recent program at the Lightning
Gold Prospects. Early modelling suggests
the presence of at least three major domains in the Monza trend and
two major domains in the Lightning trend, in turn suggesting that Lightning trend, in turn suggesting that the Lightning project could host a large gold and silver system (see ASX release 29/09/2025 & 13/10/2025 for full
details including Jorc Tables 1 & 2).
Diagram 2: Geological cross-section of drill holes SBRC063, SBRC079 and SBRC080 from Terrain Minerals recent program targeting the Lightning gold and silver trend. A follow-up drill program will include testing the depth continuation of gold and silver mineralisation below hole SBRC080. (see ASX release 29/09/2025 & 13/10/2025 for full details including Jorc Tables 1 & 2).
Diagram 3: Drill collar location plan showing the reverse circulation (RC) holes completed by Terrain over its 100%-owned Wildflower Gold Prospect during the Company’s February 2025 drilling campaign (refer to ASX release 31 March 2025). The Wildflower Gold Prospect is located southwest of the Company’s Lightning Gold Prospect - see insert map (see ASX releases on the 12 November 2014 and 10 March 2025). The IP survey lines can also be seen in blue dots over the above, the IP survey was highly successful highlighting three new targets, these results were released on the ASX on the 10/11/2025.
Diagram 4: Location of Terrain’s Lightning Gold Prospect in the Smokebush Project area, within the Murchison gold region of Western Australia.