Terramin Australia progresses key mining projects including Tala Hamza zinc drilling and Kapunda copper testing, while awaiting a crucial appeal hearing for its Bird in Hand gold project.
- Tala Hamza zinc project geotechnical drilling underway with delays due to resident relocation
- Bird in Hand gold project appeal hearing scheduled for November 3, 2025
- Kapunda copper project begins full in-situ recovery testing with results expected next quarter
- South Gawler Ranges exploration targets identified, drilling planned for late 2025/early 2026
- Company’s cash balance remains low at $0.1 million with $1.5 million available for drawdown
Progress at Tala Hamza Zinc Project
Terramin Australia continues to advance its flagship Tala Hamza Zinc Project in Algeria, where two of four planned geotechnical drill holes have been completed this quarter. These drillings are critical for finalising the engineering design of the underground mine’s air intake and exhaust shafts. However, the completion of the remaining two holes has been delayed due to the need to relocate some local residents, pushing the expected completion to the end of the calendar year. Tala Hamza remains one of the world’s largest undeveloped zinc and lead deposits, with Terramin holding a 49% stake and management rights.
Bird in Hand Gold Project Appeal Approaches
In South Australia, Terramin’s Bird in Hand Gold Project faces a pivotal moment as the company prepares for an appeal hearing scheduled for November 3, 2025. This follows the South Australian Government’s refusal to grant mining approvals, a decision Terramin is contesting after the Supreme Court dismissed its judicial review earlier this year. The appeal challenges the government’s stance, which contradicts the Department for Energy and Mining’s recommendation that the project could proceed without significant environmental impact. Meanwhile, the nearby Angas site remains under care and maintenance, complying fully with environmental regulations.
Advances in Copper Recovery at Kapunda
The Kapunda In Situ Copper Recovery Project has commenced full-scale testing using lixiviants following regulatory approval. This project, located north of Adelaide, targets copper and gold recovery from historic mining areas through innovative in-situ methods. Results from this testing phase are anticipated in the December quarter and will inform the final financial evaluation of the project. Terramin holds a 25% free-carried interest, with Environmental Copper Recovery Pty Ltd funding current activities and holding a 75% stake.
Exploration Momentum in South Gawler Ranges
Exploration efforts continue in the South Gawler Ranges Project, where detailed modelling and additional geophysical surveys have identified several promising targets for iron oxide copper-gold (IOCG) and iron sulphide copper-gold (ISCG) deposits. Aboriginal heritage surveys are planned for November, with a drilling campaign targeting these prospects set to begin in late 2025 or early 2026. The project is operated under a joint venture with JOGMEC, which has earned a 50.1% interest and funded all recent exploration activities.
Financial Position and Outlook
Terramin’s financial position remains tight, with a cash balance of just $0.1 million at the end of the quarter and $1.5 million available for drawdown. The company continues to engage with financiers and investors to secure additional funding, including support from its major shareholder Asipac Group Ltd. No new equity was issued during the quarter, and the company maintained compliance with all safety and environmental regulations, reporting no injuries or breaches.
Bottom Line?
Terramin’s upcoming Bird in Hand appeal and Kapunda test results will be key catalysts amid ongoing funding challenges.
Questions in the middle?
- What will be the outcome and market impact of the Bird in Hand mining approval appeal?
- How will the delayed Tala Hamza drilling affect the project timeline and costs?
- Can Terramin secure sufficient funding to sustain operations and advance its projects beyond the next quarter?