Full year zinc concentrate output from Angas expected to be on target despite slower than expected ramp-up of production in 1st quarter.
Strategic Financing Partnerships
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.
Zinc and Lead Boost at Tala Hamza
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.
2009 Annual Report
Terramin Australia released its 2009 Annual Report.
Results of EGM
Terramin Australia has released the results of the EGM.
Angas fully commissioned and Cash Flow positive
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.
Tala Hamza capital requirements and finance update
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.