Terramin Australia (ASX: TZN) today released the Prefeasibility Study (PFS) for the Tala Hamza zinc project in Algeria, which concluded that even at current low commodity prices the deposit can be developed successfully as a technically and financially viable long term mine.
Terramin Australia Ltd (ASX:TZN) wishes to advise that Mr David Paterson has resigned from the TZN Board on 4 April 2009.
Full year zinc concentrate output from Angas expected to be on target despite slower than expected ramp-up of production in 1st quarter.
Strategic partnerships with Transamine (a global non- ferrous commodities trading house) and China Non- ferrous Metals Industry’s Foreign Engineering and Construction Company Ltd. (NFC) will deliver an aggregate financing package, estimated at A$46 million.
The potential to extend high-grade resources at the Tala Hamza deposit in Algeria has been confirmed by a new drill hole that intersected a thick lead and zinc zone on the southern margin.
Terramin Australia released its 2009 Annual Report.
Terramin Australia has released the results of the EGM.
Terramin Australia Limited (ASX:TZN) today announced that cash flow and production are on track for the March 2009 quarter, with the commissioning phase at the Angas Zinc Mine now complete.
The pre-feasibility study for Terramin’s Algerian zinc project is almost complete and capital costs for a Tala Hamza mine have been reduced by at least 20% through savings on infrastructure costs due to its favourable location close to port, town, water and power supplies.