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Terramin Australia Limited (ASX:TZN)

ALERT: Price-sensitive ASX Announcement for TZN
Current share price for TZN : $0.019 -0.031 (-62%)+
Announcement
Release
24 Oct 2025 8:37AM
Price at Release
$0.050
Full Release
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Summary
The September 2025 Quarterly Activities Report for Terramin Australia Limited highlights significant progress and developments across several key projects. The Tala Hamza Zinc Project saw the completion of two geotechnical drill holes essential for the mine's final engineering design, though further drilling was delayed due to resident relocations. The Bird in Hand Gold Project is preparing for an appeal hearing regarding its mining approval refusal. The Kapunda Copper Project has commenced its in-situ recovery testing with results expected in the December quarter. The South Gawler Ranges Project completed detailed modelling and surveys, with a new drilling campaign scheduled for late 2025/early 2026. The company maintains a financial position with a cash balance of $0.1 million and an additional $1.5 million available for drawdown. The report also details Terramin's cash flow, highlighting a net cash use in operating and investing activities, while noting a net cash gain in financing activities due to borrowings. Corporate efforts remain focused on safety and environmental compliance.
Key Points
  • Geotechnical drilling for Tala Hamza Zinc Project is progressing.
  • Appeal hearing scheduled for Bird in Hand Gold Project.
  • Kapunda Copper Project started in-situ recovery testing.
  • South Gawler Ranges Project completed detailed surveys.
  • Net cash usage in operating and investing activities.
  • Corporate focus on safety and environmental compliance.
  • Financial position includes $0.1 million cash and $1.5 million available for drawdown.
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.