Terramin Australia Limited (AU:TZN)
ASX:TZN
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Terramin Australia Limited
(Sydney:TZN)
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Rating:40Underperform
Price Target:
AU$0.02
â–¼(-33.33% Downside)
Action:Downgraded
Date:06/12/26
The score is driven primarily by weak financial performance (persistent losses, cash burn, and very high leverage) and bearish technicals (below all major moving averages with negative momentum). Valuation provides limited offset because earnings are negative and no dividend yield is available.
Positive Factors
Asset-backed, production-focused model
Terramin's core business is asset-backed production and sale of zinc and lead concentrates from the Angas Zinc Mine. This is a straightforward mining sales model: when operating it converts physical ore into saleable concentrate, providing a clear, durable revenue mechanism tied to production rather than speculation.
Negative Factors
Very high leverage
Extremely elevated debt-to-equity ratios signal constrained balance-sheet flexibility. High leverage increases refinancing and covenant risk, raises interest burdens, and heightens the likelihood of dilutive equity raises or asset sales to meet obligations, undermining long-term financial stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset-backed, production-focused model
Terramin's core business is asset-backed production and sale of zinc and lead concentrates from the Angas Zinc Mine. This is a straightforward mining sales model: when operating it converts physical ore into saleable concentrate, providing a clear, durable revenue mechanism tied to production rather than speculation.
Read all positive factors
Terramin Australia Limited (TZN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$47.75M
Dividend YieldN/A
Average Volume (3M)38.45K
Price to Earnings (P/E)―
Beta (1Y)0.12
Revenue Growth-4.55%
EPS Growth-2.44%
CountryAU
Employees30
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,387,663,600
10 Day Avg. Volume14,060
30 Day Avg. Volume38,452
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)14.51
Price to Sales (P/S)487.39
P/FCF Ratio-20.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Terramin Australia Limited Business Overview & Revenue Model
Company Description
Terramin Australia Limited, including its associated entities, focuses on the exploration, assessment, and development of economic mineral deposits, encompassing both base and precious metals, across Australia and North Africa. The company primari...
How the Company Makes Money
Terramin’s primary source of revenue has been the production and sale of zinc and lead concentrates from its mining operations (notably linked to the Angas Zinc Mine). Under this model, the company generates income by extracting ore, processing it...
Terramin Australia Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
22
Negative
Cash Flow
15
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 126.00K | 132.00K | 56.00K | 63.00K | 40.00K |
| Gross Profit | -1.88M | 32.00K | -67.00K | -2.02M | -406.00K |
| EBITDA | -3.35M | -3.48M | -1.56M | -16.89M | -2.32M |
| Net Income | -8.91M | -8.87M | -6.35M | -7.45M | -6.18M |
Balance Sheet | |||||
| Total Assets | 64.34M | 65.20M | 65.25M | 65.33M | 76.47M |
| Cash, Cash Equivalents and Short-Term Investments | 72.00K | 214.00K | 374.00K | 131.00K | 5.72M |
| Total Debt | 41.45M | 54.81M | 46.25M | 28.26M | 25.61M |
| Total Liabilities | 60.11M | 62.17M | 53.34M | 47.07M | 40.88M |
| Stockholders Equity | 4.23M | 3.03M | 11.90M | 18.26M | 22.46M |
Cash Flow | |||||
| Free Cash Flow | -3.02M | -4.98M | -3.01M | -2.58M | -2.74M |
| Operating Cash Flow | -2.95M | -4.91M | -3.01M | -2.14M | -2.13M |
| Investing Cash Flow | -292.00K | -65.00K | 249.00K | -6.11M | 154.00K |
| Financing Cash Flow | 3.10M | 4.82M | 3.00M | 2.67M | 2.25M |
Terramin Australia Limited Technical Analysis
Negative
0.03
Price Trends
0.02
Negative
0.03
Negative
0.03
Negative
Market Momentum
>-0.01
Negative
23.23
Positive
44.44
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 0.02, above the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 23.23 is Positive, neither overbought nor oversold. The STOCH value of 44.44 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | AU$59.50M | -105.27 | -2.00% | ― | 104.42% | ― | |
52 Neutral | AU$133.58M | -52.00 | -13.42% | ― | -100.00% | -275.00% | |
49 Neutral | AU$83.05M | -1,135.49 | -2.83% | ― | ― | 36.46% | |
47 Neutral | AU$46.44M | -9.95 | -26.95% | ― | ― | -52.75% | |
46 Neutral | AU$50.62M | -17.00 | -4.25% | ― | ― | ― | |
40 Underperform | AU$47.75M | -4.75 | -537.70% | ― | -4.55% | -2.44% |
* Basic Materials Sector Average
AU:TZN
Terramin Australia Limited
0.02
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-60.00%
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0.00
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Mithril Resources Ltd
0.27
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Terramin Australia Limited Corporate Events
Terramin Grants Director 3 Million Unlisted Options Following Shareholder Approval
May 26, 2026
Terramin Australia Limited has granted director Jing Wang an indirect interest in 3,000,000 unlisted options through Wang ILP Pty Ltd, following shareholder approval at its 2026 annual general meeting. The options are exercisable at $0.06, with on...
Terramin grants 20 million unlisted options to director Martin Janes
May 26, 2026
Terramin Australia Limited has disclosed a change in director Martin Janes’ interests, confirming the allocation of 20 million unlisted options following shareholder approval at the company’s 2026 annual general meeting. The options, e...
Terramin Grants 20 Million Unlisted Options to Director Angelo Siciliano
May 26, 2026
Terramin Australia has disclosed a change in director Angelo Siciliano’s relevant interests following shareholder approval at its 2026 annual general meeting. The filing details the allocation of 20 million unlisted options to entities assoc...
Terramin Grants 3 Million Unlisted Options to Director Alan Broome
May 26, 2026
Terramin Australia Limited has updated the market on a change in director Alan Broome AM’s interests, following shareholder approval at its 2026 annual general meeting. Broome has been allocated 3,000,000 unlisted options, each exercisable a...
Terramin Shareholders Back 46 Million Unlisted Options for Directors
May 25, 2026
Terramin Australia Limited has confirmed that its shareholders have approved the issuance of 46 million unlisted options to company directors at its Annual General Meeting. The approval updates a prior April 2026 proposal and formalises the planne...
Terramin Confirms Poll Outcomes for 2026 AGM Resolutions
May 21, 2026
Terramin Australia Limited reported the outcomes of its 2026 Annual General Meeting, confirming that all resolutions put to shareholders were determined by poll in accordance with Australian corporate and listing requirements. The results, includi...
Terramin stresses risk disclosures and liability limits in AGM presentation
May 21, 2026
Terramin Australia Limited used its May 2026 AGM presentation to reiterate that its investor materials are summaries and should be read alongside its broader ASX disclosures. The company emphasised that investing in its shares involves significant...
Terramin advances Tala Hamza zinc project as courts reshape Bird in Hand gold outlook
May 21, 2026
Terramin Australia reported a strong year, underpinned by progress at its flagship Tala Hamza Zinc Project in Algeria, where an updated mining study outlined a 2.0 million tonne-per-annum operation with a 20-year mine life and a post-tax net prese...
Terramin advances Tala Hamza zinc project as courts hand back key gold asset
Apr 21, 2026
Terramin Australia reported a pivotal first quarter as its flagship Tala Hamza zinc project in Algeria moved from planning into early-stage development, following completion of land access and resident relocation and the start of site preparation ...
Terramin Sets 2026 AGM to Vote on Director Re-Election and Major Option Grants
Apr 17, 2026
Terramin Australia Limited has called its 2026 Annual General Meeting for 21 May 2026 in Adelaide, where shareholders will receive the 2025 financial reports and vote on the adoption of the remuneration report and the re-election of director Feng ...
Terramin Issues 33 Million Unlisted Options Under Employee Incentive Scheme
Apr 12, 2026
Terramin Australia Limited has notified the market of the issue of 33,000,000 unlisted options under an employee incentive scheme, with each option exercisable at $0.06 and expiring on 7 April 2029. The options, which will not be quoted on the ASX...
Terramin Plans 46 Million Long-Dated Options Issue
Apr 12, 2026
Terramin Australia Limited has notified the ASX of a proposed issue of 46 million options as part of a placement or similar capital-raising structure. The options, exercisable at $0.06 and expiring in May 2029, are expected to be issued on 21 May ...
Terramin lifts Tala Hamza throughput in updated Algeria zinc mine study
Mar 29, 2026
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 und...
Terramin Wins Algerian Tax and Infrastructure Backing for Major Tala Hamza Zinc Project
Mar 24, 2026
Terramin Australia has secured formal registration of its Tala Hamza Zinc Project with Algeria’s Investment Promotion Agency, unlocking substantial tax exemptions, concessional financing access and government-backed infrastructure support. T...
Terramin Advances Tala Hamza Zinc Project as Site Works Begin in Algeria
Mar 23, 2026
Terramin Australia has begun site preparation at its Tala Hamza Zinc Project in Algeria after resolving land access constraints that had delayed progress. The land for the mine has been acquired by Algerian Government agencies for the project̵...
Terramin Sets 2026 AGM Date and Director Nomination Deadline
Mar 23, 2026
Terramin Australia Limited has scheduled its 2026 Annual General Meeting for 21 May 2026, in line with ASX listing requirements. The meeting will include business concerning the election and re-election of directors to the company’s board.Th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.