Terrain Minerals advances rare earth exploration in Western Australia.

Terrain Minerals advances rare earth exploration in Western Australia. The ASX-listed company has commenced a 1,500-metre air-core drilling campaign at its Lort River project near Esperance, targeting high-grade rare earth element deposits. Previous drilling returned an impressive 8.0 metres grading 4,037 ppm total rare earth oxides in March 2025. The company is testing a shallow regolith clay basin spanning over 12 kilometres in length and 5.5 kilometres in width, identified through airborne electromagnetic survey data. Management expects the basin to show consistency in grade and scale across multiple areas. The drilling window closes in March before cropping season begins. This represents a strategic opportunity for Terrain to evaluate the Lort River project's potential as an emerging critical minerals discovery in the Esperance region.