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Terramin Australia Limited (ASX:TZN)

ALERT: Price-sensitive ASX Announcement for TZN
Current share price for TZN : $0.020 -0.011 (-35.48%)+
Announcement
Release
22 Apr 2026 8:26AM
Price at Release
$0.031
Full Release
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Summary
Terramin Australia Limited's March 2026 Quarterly Activities Report highlights significant progress in their key projects. The Tala Hamza Zinc Project in Algeria, where Terramin holds a 49% stake, advanced with the commencement of site preparation activities and formal registration with the Algerian Investment Promotion Agency, providing various incentives. A revised mining study was released, indicating a 2.0Mtpa development scenario with an expected mine life of 20 years. The Bird in Hand Gold Project saw legal proceedings resulting in the set aside of a proclamation, returning the deposit to Terramin's exploration license. The Kapunda Copper Project continued its in-situ recovery trials, with ECR funding all costs. Financially, the company reported a cash balance of $0.1 million with $1.1 million available for loan drawdown. A pro-rata non-renounceable rights issue was also completed, aimed at reducing related-party debt and advancing project developments.
Key Points
  • Commencement of site preparation activities for the Tala Hamza Zinc Project.
  • Formal registration with the Algerian Investment Promotion Agency.
  • Release of a revised mining study for a 2.0Mtpa development scenario.
  • Legal proceedings lead to Bird in Hand deposit returned to Terramin's exploration license.
  • Continuation of in-situ recovery trials in the Kapunda Copper Project.
  • Cash balance of $0.1 million with $1.1 million available for loan drawdown.
  • Completion of a pro-rata non-renounceable rights issue.
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.