Description

Joining the podcast today is Justin Virgin, Executive Director of Terrain Minerals (ASX: TMX). Justin will be speaking about Terrain’s latest high-grade drilling results from the Lightning prospect at the Smokebush Project, the geological framework that underpins these discoveries, and the company’s pathway towards defining its maiden Mineral Resource Estimate in 2026.

Questions

1. Introduction to Company For those new to Terrain Minerals, can you give us a quick introduction to the company, your focus areas, and how Smokebush fits into the broader portfolio?
2. Strategy & Growth What is Terrain’s overarching strategy — is it purely discovery-driven, or do you see partnerships and acquisitions playing a role in scaling the business?
3. Lightning Drilling Success The recent Lightning results an 80% hit rate. How do these high hit rates and standout grades influence your confidence in defining a significant system?
4. Geological Framework You’ve highlighted a north-trending shear system with multiple mineralised domains. What does this mean in practical terms for resource growth and de-risking exploration?
5. Standout Intercepts Some intercepts, like 13m at 8.13 g/t and 2m at 48.22 g/t, are exceptional. How should investors interpret these in terms of grade continuity and potential scale?
6. Consistency Across Lightning Beyond the high grades, how important is the consistency of mineralisation across multiple lenses at Lightning when thinking about building a resource?
7. Silver & Multi-Element Potential With silver and base metal assays pending, what are you hoping they reveal, and how important is the polymetallic angle to the overall value proposition?
8. Flagship Projects & Regional Context How does Smokebush, alongside other projects position Terrain in terms of near-term development and longer-term optionality?
9. Market Dynamics We’re seeing strong interest in both gold and critical minerals. How do broader commodity and market dynamics shape your exploration focus and capital allocation?
10. Financial Position & Milestones Terrain is progressing multiple workstreams at once — from drilling to geophysics to permitting. How are you positioned financially to fund this pipeline, and what key milestones should investors track over the next 6–12 months?
11. Vision of Success Looking out to 2026 and beyond, what does success look like for Terrain Minerals, and how do you see these exploration results translating into lasting shareholder value?