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TerraCom Limited (ASX:TER)

ALERT: Price-sensitive ASX Announcement for TER
Current share price for TER : $0.067 0.001 (1.52%)+
Announcement
Release
15 Oct 2025 8:34AM
Price at Release
$0.066
Full Release
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Summary
TerraCom Limited has announced an updated JORC Code Resource and Reserve statement for its Blair Athol Mine, confirming the extension of the Life of Mine to 2033. The updated assessment highlights Blair Athol as a robust, low-cost operation, essential for TerraCom’s stable cash flow and growth potential. The mine has consistently maintained or extended its Life of Mine despite annual depletion, with current projections based on annual sales of 1.6 to 1.8 million tonnes. The 2025 JORC Code update reports 27.0 million tonnes of Coal Resources, 18.0 million tonnes of Coal Reserves, and 14.0 million tonnes of Marketable Coal Reserves, ensuring approximately 8 years of mine life. This demonstrates the quality of the resource base, operational excellence, and the company's resilience in fluctuating market conditions.
Key Points
  • Life of Mine extended to 2033 based on updated JORC Code assessment.
  • Marketable Coal Reserves of 14.0 Mt as of 30 June 2025.
  • Four consecutive years of maintaining or extending mine life despite depletion.
  • Blair Athol is a cornerstone asset for TerraCom, ensuring cash flow stability.
  • 2025 JORC Code update validates technical robustness and economic viability.
  • Blair Athol operation delivers resilient performance through market cycles.
  • Independent experts engaged for JORC Code assessment.
  • Blair Athol Mine remains TerraCom's flagship asset in Queensland.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.