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Terramin Australia Limited ( (AU:TZN) ) has provided an update.
The Supreme Court of South Australia has dismissed Terramin Australia Limited’s application for a judicial review regarding the refusal of a mining lease and a miscellaneous purposes license for the Bird in Hand Gold Project. The decision was made in favor of the South Australian Minister for Energy and Mining and upheld the Governor’s reservation of the area under the Mining Act 1971. Terramin plans to appeal this decision, which could have significant implications for their operations and investor relations as they pursue further legal avenues.
More about Terramin Australia Limited
Terramin Australia Limited operates in the mining industry, focusing on the exploration and development of mineral projects, with a particular emphasis on gold mining projects.
YTD Price Performance: -7.69%
Average Trading Volume: 320,248
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: A$177.8M
See more data about TZN stock on TipRanks’ Stock Analysis page.