Terramin Australia Limited (TZN) AI Stock Analysis

• Market Cap: AU$73.20M
• Dividend Yield: N/A
• Average Volume (3M): 38.45K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.07
• Revenue Growth: 24.42%
• EPS Growth: -18.42%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 2,361,348,000
• 10 Day Avg. Volume: 14,060
• 30 Day Avg. Volume: 38,452
• PEG Ratio: -0.54
• Price to Book (P/B): 63.44
• Price to Sales (P/S): 1456.77
• P/FCF Ratio: -38.62
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Underperform
• Price Target: AU$0.03 ▼(-3.33% Downside)

The score is primarily driven by very weak financial performance (ongoing losses, high leverage, and negative operating/free cash flow). Technicals also remain bearish with the stock below key moving averages and a negative MACD, while valuation provides limited support due to losses and no dividend data.

Positive Factors

Revenue Growth

Sustained top-line growth (c.24% in the recent period) indicates demand for the company’s concentrates and potential to scale operations. If management controls costs, durable revenue expansion can underpin margin recovery, investment capacity and project funding over months.

Operating Mine Asset Base

Owning and operating the Angas Zinc Mine provides an ongoing production platform and direct exposure to base-metal markets. A producing asset reduces execution risk versus pure exploration, offering recurring concentrate sales and a foundation for incremental growth and project monetization.

Maintained liquidity and asset base

Despite weaknesses, the balance sheet retains assets and some cash equivalents, providing a runway to fund near-term operations and exploration. This liquidity buffer lowers immediate insolvency risk and enables operational continuity while strategic fixes are implemented.

Negative Factors

Persistent unprofitability

Chronic negative gross and operating margins reflect structural cost or pricing issues; without sustained margin improvement the business cannot generate internal funds for reinvestment. Continued losses erode equity and impede long-term competitiveness and capital allocation.

Negative cash flow and financing reliance

Consistently negative operating and free cash flow forces dependence on external financing to sustain operations. Over 2-6 months this increases dilution or refinancing risk, constrains strategic investments, and reduces the company’s ability to withstand commodity downturns or capex needs.

High leverage and weakening equity

Substantial leverage and falling equity increase financial fragility, raising servicing costs and limiting capacity to raise debt for growth. In a cyclical mining sector, this amplifies downside risk and restricts ability to fund development or respond to commodity price stress.

Terramin Australia Limited Business Overview & Revenue Model

Company Description

Terramin Australia Limited, together with its subsidiaries, explores for, evaluates, and develops base and precious metals, and other economic mineral deposits in Australia and Northern Africa. The company primarily explores for zinc, lead, gold, and copper deposits. Its flagship project is the 65% owned Tala Hamza Zinc project located on the Mediterranean coast of Algeria. The company was incorporated in 1993 and is based in Strathalbyn, Australia.

How the Company Makes Money

Terramin Australia Limited generates revenue primarily through the extraction and sale of zinc and lead concentrates from its mining operations. The company earns money by selling these minerals to smelters and other industrial customers, both domestically and internationally. Key revenue streams include the sales of concentrates produced at the Angas Zinc Mine and potential future revenues from other projects as they progress towards production. Additionally, strategic partnerships with other mining companies and stakeholders in the mineral sector can enhance Terramin's operational efficiencies and market reach, contributing positively to its earnings.

Terramin Australia Limited Financial Statement Overview

Summary

Terramin Australia Limited is facing substantial financial challenges with negative profitability, high leverage, and reliance on external financing. The income statement shows negative gross profit margins and increasing net losses, while the balance sheet reveals high debt and diminishing equity. Cash flow is persistently negative, indicating insufficient cash generation.

Income Statement

The income statement shows significant challenges with negative gross profit margins over multiple years and increasing net losses, illustrating a lack of profitability and competitive pressures. The revenue growth is inconsistent and volatile, further indicating operational difficulties. The company's EBIT and EBITDA margins are also deeply negative, reflecting ongoing operational inefficiencies or high costs relative to revenue.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio, indicating substantial leverage and potential financial risk. The diminishing stockholders' equity and reduced total assets over time suggest weakened financial stability. However, the company has maintained some asset base, and liquidity is sustained through cash equivalents, though significantly reduced recently.

Cash Flow

Cash flow statements highlight persistent negative free cash flow, indicating insufficient cash generation to cover expenses or reinvest in the business. Operating cash flow is consistently negative, showing cash outflows from core operations. The reliance on financing cash flow for liquidity suggests a potential risk in sustaining operations without external funding.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	110.00K	132.00K	56.00K	63.00K	40.00K	67.00K
Gross Profit	-217.00K	32.00K	-67.00K	-2.02M	-406.00K	-294.00K
EBITDA	-3.76M	-3.48M	-1.56M	-16.89M	-2.32M	-1.54M
Net Income	-9.81M	-8.87M	-6.35M	-7.45M	-6.18M	-5.29M
Balance Sheet
Total Assets	65.12M	65.20M	65.25M	65.33M	76.47M	77.24M
Cash, Cash Equivalents and Short-Term Investments	132.00K	214.00K	374.00K	131.00K	5.72M	5.45M
Total Debt	57.87M	54.81M	46.25M	28.26M	25.61M	23.40M
Total Liabilities	66.04M	62.17M	53.34M	47.07M	40.88M	35.37M
Stockholders Equity	-915.00K	3.03M	11.90M	18.26M	22.46M	28.61M
Cash Flow
Free Cash Flow	-3.40M	-4.98M	-3.01M	-2.58M	-2.74M	-3.00M
Operating Cash Flow	-3.33M	-4.91M	-3.01M	-2.14M	-2.13M	-1.58M
Investing Cash Flow	-47.00K	-65.00K	249.00K	-6.11M	154.00K	-972.00K
Financing Cash Flow	456.00K	4.82M	3.00M	2.67M	2.25M	1.70M

Terramin Australia Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TZN, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.04, and below the 200-day MA of 0.05, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 37.75 is Neutral, neither overbought nor oversold. The STOCH value of 34.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:TZN.

Terramin Australia Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AIS	69 Neutral	AU$730.27M	13.06	15.33%	―	6.70%	―
RNU	63 Neutral	AU$211.16M	118.57	1.08%	―	―	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
NMR	43 Neutral	AU$53.07M	-1.79	-391.48%	―	―	-49.48%
TLG	41 Neutral	AU$194.61M	-10.13	-38.13%	―	-52.90%	61.27%
TZN	40 Underperform	AU$73.20M	-6.89	-287.69%	―	24.42%	-18.42%

Terramin Australia Limited Corporate Events

Terramin Director Feng Sheng Boosts Stake Through Rights Issue Underwriting

Terramin Australia Limited has disclosed a significant change in director Feng Sheng’s holdings, with his direct and indirect interests in the company’s ordinary fully paid shares increasing through an issue of new shares. The additional 361,933,820 shares were acquired at $0.038 per share under a Shortfall Partial Underwriting and Debt Discharge Deed associated with a non-renounceable rights issue, materially lifting Feng Sheng’s stake and reinforcing his financial alignment with the company, which may be interpreted by investors as a sign of confidence in Terramin’s capital structure and future direction.

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.

Terramin Seeks ASX Quotation for 235 Million New Shares

Terramin Australia Limited has lodged an application with the ASX for quotation of 235,136,833 new ordinary fully paid shares under the code TZN, with the securities issued on 30 December 2025. The large volume of new shares, arising from previously announced transactions, expands the company’s quoted capital base and may have implications for existing shareholders through potential dilution while providing Terramin with additional equity to support its ongoing corporate or project funding needs.

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.

Terramin Lifts Asipac Stake to 45% via Debt-Settling Share Issue

Terramin Australia Limited will issue 235,136,833 new shares at $0.038 per share on 30 December 2025 to Asipac Group Pty Ltd under a shortfall partial underwriting and debt discharge arrangement, extinguishing an equivalent amount of debt owed by its subsidiary Terramin Exploration Pty Ltd. The transaction will lift Asipac’s ownership to 45% of Terramin’s issued capital, while the company continues to seek investors for the remaining shortfall shares and has extended the shortfall offer closing date to 8 March 2026, a move that reshapes its capital structure and may influence future funding flexibility and control dynamics.

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.

Terramin Australia Director Increases Shareholding

Terramin Australia Limited has announced a change in the director’s interest, with Martin Simon Janes acquiring additional shares in the company. This acquisition, conducted through on-market trades and participation in a rights issue, increases his total holdings, potentially signaling confidence in the company’s future prospects and stability, which could positively impact stakeholder sentiment.

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.

Terramin Australia Limited Announces Quotation of New Securities

Terramin Australia Limited has announced the quotation of 9,648,232 fully paid ordinary securities on the Australian Securities Exchange (ASX) as part of a previously announced transaction. This move is expected to bolster the company’s capital structure and support its ongoing projects, potentially enhancing its market position and providing value to its stakeholders.

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.

Terramin Australia Limited Announces Cessation of 10 Million Securities

Terramin Australia Limited has announced the cessation of 10 million securities due to the lapse of conditional rights and the expiry of options without exercise or conversion. This development may impact the company’s capital structure and stakeholder interests, as it reflects a shift in the company’s financial strategy and potential adjustments in its market positioning.

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.

Terramin Australia Completes Rights Issue, Raises Over $366K

Terramin Australia Limited announced the results of its non-renounceable rights issue, which closed on December 8, 2025. The company successfully raised $366,633.01 through the issuance of 9,648,232 new shares. These shares are scheduled to be issued to shareholders on December 15, 2025. The company is also in discussions regarding the placement of shortfall shares, with its major shareholder, Asipac Group Pty Ltd, agreeing to underwrite the issue of additional shares, ensuring that its voting power does not exceed 45%. This development is expected to impact the company’s capital structure and potentially enhance its financial stability, which could influence its market positioning and stakeholder interests.

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.

Terramin Australia Director Increases Shareholding

Terramin Australia Limited announced a change in the director’s interest, with Martin Simon Janes acquiring an additional 150,000 ordinary fully paid shares through an on-market trade, bringing his total holdings to 1,275,974 shares. This acquisition reflects a significant increase in the director’s stake in the company, potentially signaling confidence in the company’s future performance and impacting shareholder perceptions.

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.

Terramin Director Increases Shareholding, Signaling Confidence in Future Prospects

Terramin Australia Limited announced a change in the director’s interest, with Martin Simon Janes acquiring an additional 550,000 ordinary shares through on-market trades. This increase in shareholding reflects a significant vote of confidence in the company’s future prospects, potentially impacting stakeholder perceptions and the company’s market positioning.

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.

Terramin Australia Extends Rights Issue Offer Deadlines

Terramin Australia Limited has announced an extension of the closing date for its Pro-rata Non-renounceable Rights Issue Offer to 8 December 2025, with the Shortfall Offer closing extended to 22 December 2025. This extension provides additional time for stakeholders to participate, potentially impacting the company’s capital structure and future project funding.

Terramin Australia Extends Rights Issue Offer Deadlines

Terramin Australia Limited announced an extension to the closing dates of its Non-renounceable Rights Issue Offer and Shortfall Offer. The new closing dates are set for December 8, 2025, and December 22, 2025, respectively. This extension provides additional time for stakeholders to participate in the securities offering, potentially impacting the company’s capital raising efforts and market positioning.

Terramin Australia Limited Announces Rights Issue to Fund Project Developments

Terramin Australia Limited announced a 1 for 2.1 non-renounceable rights issue of ordinary shares to raise approximately $38.3 million. The proceeds will be used for loan repayments, development of various mining projects, and working capital. The offer is available only to shareholders in specific countries, excluding ineligible foreign shareholders due to legal and cost considerations.

Terramin Australia Limited Launches $38.3 Million Rights Issue

Terramin Australia Limited has announced a non-renounceable rights issue to raise approximately $38.3 million by offering new shares to eligible shareholders in Australia, New Zealand, Hong Kong, Singapore, and China. This strategic move aims to strengthen the company’s financial position and support its ongoing projects, potentially impacting its market presence and stakeholder interests positively.

Terramin Australia Initiates Rights Issue to Bolster Capital

Terramin Australia Limited has announced the dispatch of its prospectus and entitlement form for a Pro-rata Non-renounceable Rights Issue to eligible shareholders. This move is part of the company’s strategy to raise capital, potentially impacting its financial position and providing opportunities for stakeholders to increase their investment in the company.

Terramin Australia Limited Announces Major Securities Issue

Terramin Australia Limited has announced a proposed issue of securities, with a maximum of 1,007,887,010 ordinary fully paid shares to be issued. This standard pro rata issue, which is non-renounceable, is expected to impact the company’s financial structure and potentially enhance its market positioning by raising capital for future projects.

Terramin Australia Launches $38.3 Million Rights Issue

Terramin Australia Limited has announced a pro-rata non-renounceable rights issue to raise approximately $38.3 million by offering new shares to eligible shareholders. The offer is partially underwritten by Asipac Group Pty Ltd and includes a shortfall offer for additional shares, with the potential impact of strengthening the company’s financial position and providing opportunities for growth.

Terramin Australia Launches $38.3 Million Rights Issue to Fund Key Projects

Terramin Australia Limited has announced a non-renounceable rights issue to raise up to A$38.3 million by offering new shares at a 20.2% discount to existing shareholders. The funds will be used to repay debt, develop the Tala Hamza Zinc Project, cover costs related to the Bird in Hand Gold Project, advance the Kapunda Copper Project, and support exploration and working capital. Asipac Group Ltd, holding a significant stake in Terramin, will underwrite the offer up to A$15 million, ensuring financial backing for the company’s strategic initiatives.

Terramin Australia Reports Progress and Challenges in Q3 2025

Terramin Australia Limited’s September 2025 quarterly report highlights significant progress and challenges across its various projects. The Tala Hamza Zinc Project in Algeria saw the completion of two geotechnical drill holes, crucial for the mine’s engineering design, though further drilling is delayed due to resident relocation. The Bird in Hand Gold Project is awaiting an appeal hearing against the South Australian Government’s refusal of mining approvals. The Kapunda Copper Project has commenced in-situ recovery testing, with results expected soon, while the South Gawler Ranges Project is preparing for a new drilling campaign targeting potential deposits. Financially, the company reports a cash balance of $0.1 million with additional funds available for drawdown.