Chairman’s address to Terramin Australia Limited Annual General Meeting.
Terramin Australia released its 1st Quarter Report for 2009.
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.