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Terramin Australia Limited ( (AU:TZN) ) has issued an announcement.
Terramin Australia has completed an updated mining study for the Tala Hamza Zinc Project in Algeria, increasing planned processing throughput from 1.32 million tonnes per annum to 2.0 million tonnes per annum and confirming the viability of an underground operation. The project, based on a 53 million tonne mineral resource and 37 million tonnes of mineable material, targets a 20‑year mine life producing on average 178,000 tonnes of zinc concentrate and 33,000 tonnes of lead concentrate annually at competitive operating costs.
The study outlines robust economics, with a strong pre‑tax net present value and internal rate of return supported by pre‑production capital of about US$415 million and low C1 cash costs of US$0.56 per pound of payable zinc and an all‑in sustaining cost of US$0.61 per pound. Early works are underway following completion of land acquisition and resident relocation, debt financing negotiations with a major Algerian government bank are well advanced, and registration with Algeria’s investment promotion agency secures tax, customs and infrastructure incentives, underpinning project development and potential future expansion as the deposit remains open to the east and southeast.
The most recent analyst rating on (AU:TZN) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Terramin Australia Limited stock, see the AU:TZN Stock Forecast page.
More about Terramin Australia Limited
Terramin Australia is a base metals developer focused on zinc and lead, progressing the Tala Hamza Zinc Project in northern Algeria through its joint venture Bejaia Zinc & Lead. The company is advancing an underground operation targeting global-competitive production costs and leveraging Algerian government support and incentives to position itself as a significant regional zinc producer.
Average Trading Volume: 409,646
Technical Sentiment Signal: Sell
Current Market Cap: A$74.02M
For detailed information about TZN stock, go to TipRanks’ Stock Analysis page.