In October 2023, Terra Metals Limited acquired the Dante Cu-PGE-Au-Ni Project. This project is situated in Western Australia's West Musgrave region, in close proximity to BHP’s Nebo-Babel mine, which is rapidly developing into a major mining hub.

The initial three drill holes at Crius Reef have confirmed significant polymetallic magmatic sulphide copper mineralisation. "Reefs," such as Crius Reef, are concentrated bands rich in essential elements and metals, including copper, gold, platinum, palladium, vanadium, titanium, and iron. Geological observations at Crius Reef have also identified notable nickel and cobalt anomalies, further highlighting its potential.

Moreover, the stratiform reef layers at Crius extend along the strike and remain open, indicating substantial exploration opportunities for Terra Metals Limited. An additional ten holes have been drilled, covering a 3-kilometre strike length, all of which intercepted reef material. Assay results for these holes are expected within the next 2-4 weeks from the announcement date, potentially unveiling more lucrative prospects.