Terramin Australia released its 3rd Quarter Report for 2012.
New Menninnie Joint venture
Terramin Australia Ltd (ASX: TZN) is pleased to announce that, consistent with the strategic review announced last December, it has agreed a binding Heads of Agreement (Agreement) with Musgrave Minerals Ltd (Musgrave) (ASX: MGV) for the creation of a joint venture to progress the Menninnie Project.
2012 Interim Financial Report
Terramin Australia released its 2012 Interim Financial Reports.
Interim Financial Accounts
Terramin Australia Ltd (the “Company”) advises that it did not release its interim financial accounts by 31 August 2012 as its accounts and audit reports were not finalised.
Change of Address
Terramin Australia Limited (ASX: TZN) advises that its registered and principal place of business has changed to Suite 116, 147 Pirie Street, Adelaide SA 5000.
2nd Quarter Report 2012
Terramin Australia released its 2nd Quarter Report for 2012.
First Half Profit Guidance
Terramin Australia Limited (ASX: TZN) advises that its Angas Zinc Mine is expected to record earnings before interest, tax and depreciation (EBITDA) for the half year ended 30 June 2012 of approximately $4 million.
Angas Update
Terramin Australia Limited (“Terramin” or the “Company”) has completed a forward sale and option hedging program providing price protection over approximately 60% of the next 6 months forecast $A zinc and lead revenue
Market Update
Terramin Managing Director, Nic Clift, today announced further progress on the Company’s strategic objective of strengthening the Company’s balance sheet and maximising cashflows.