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TerraCom Limited (ASX:TER)

ALERT: Price-sensitive ASX Announcement for TER
Current share price for TER : $0.085 0.017 (25%)+
Announcement
Release
30 Jan 2026 9:21AM
Price at Release
$0.068
Full Release
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Summary
During the quarter ending December 2025, TerraCom Limited maintained steady operations despite facing external constraints. Blair Athol's operations were stable, but rail and port constraints affected shipment timing and revenue. The company responded with a renounceable entitlement offer to strengthen the balance sheet and improve liquidity, successfully raising A$60 million. The average coal price was A$121.94 per tonne, and the operating costs at Blair Athol were temporarily elevated due to logistics costs. The life of the Blair Athol mine has been extended to 2033, emphasizing value over volume in the FY26 mine plan. TerraCom's South African operations also performed steadily, though coal sales were down 28% from the prior quarter. Safety remained a priority with improved safety metrics. Looking forward, TerraCom is assessing strategic growth opportunities while ensuring stable operations and cost control.
Key Points
  • Blair Athol's operations were stable despite logistics constraints.
  • Company raised A$60 million through a renounceable entitlement offer.
  • Average coal price during the quarter was A$121.94 per tonne.
  • Blair Athol's mine life extended to 2033.
  • South African operations saw a decrease in coal sales.
  • Safety metrics improved with focus on risk management.
  • Strategic growth opportunities are being assessed.
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.