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Terramin Australia Limited ( (AU:TZN) ) has provided an update.
Terramin Australia Limited has reported significant progress across its projects in the December 2024 quarter. The company achieved a major milestone for its Tala Hamza Zinc Project in Algeria with the completion of a 234-hectare land acquisition and the signing of a US$336 million EPC contract with Sinosteel, paving the way for construction activities. Meanwhile, its Bird in Hand Gold Project encountered a setback with the Supreme Court of South Australia dismissing a judicial review application, though an appeal is planned. The Kapunda Copper Project saw advancements with new bores commissioned and equipment constructed for test extraction, pending regulatory approvals. Exploration drilling continued at the South Gawler Ranges Project with a focus on copper and gold mineralization. Financially, the company ended the quarter with a cash balance of $0.2 million and extended finance facilities with Asipac. Board changes included the appointment of Martin Janes as Executive Director.
More about Terramin Australia Limited
Terramin Australia Limited operates in the mining industry, focusing on the development and management of mineral projects. The company’s primary products include zinc, lead, copper, and gold. Terramin is actively involved in projects in Australia and Algeria, targeting large mineral deposits and utilizing advanced mining technologies to enhance production efficiency.
YTD Price Performance: -7.69%
Average Trading Volume: 177,541
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: A$177.8M
Find detailed analytics on TZN stock on TipRanks’ Stock Analysis page.
