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Terramin Australia Ltd (TZN.AX)

TZN.AX on Australia Stock Exchange

0.19AUD
26 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Terramin Australia announces placement of shares
Wednesday, 1 Feb 2017 10:23pm EST 

Terramin Australia Ltd : Placement raises $4 million . Funds raised will be used to advance company's tala hamza zinc and bird-in-hand gold projects .Under subscription agreement , 25 million shares will be issued.  Full Article

Terramin Australia Ltd updates on acquisition
Monday, 3 Aug 2015 11:14pm EDT 

Terramin Australia Ltd:Completed the acquisition of strategic 36,500 m2 parcel of freehold land to be utilised for the development of the Bird-in-Hand gold deposit.  Full Article

Terramin Australia Ltd announces termination of Menninnie Dam joint venture
Monday, 20 Jul 2015 08:02pm EDT 

Terramin Australia Ltd:Has entered into an agreement with Musgrave Minerals Limited (Musgrave) for the termination of the Menninnie Dam Mining Farm-In and Joint Venture Agreement.The termination of the JV Agreement means that Terramin will retain 100% of the Menninnie Dam Project (Project) with Musgrave relinquishing its farm-in rights.In consideration of Musgrave relinquishing its rights, Terramin has agreed to pay Musgrave a Net Smelter Royalty (NSR) of 1.0 pct in respect of tenements EL 5039 and EL 4813.Terramin will have the right (but not the obligation) to buy back 50% of the NSR (being 0.5%) for $1,250,000 within 60 days of receiving product sale proceeds from these tenements.Terramin is currently developing an exploration strategy for the Project which it will announce to the market in due course.  Full Article

Terramin Australia Limited announces appointment of new chairman
Friday, 22 May 2015 03:37am EDT 

Terramin Australia Limited:Announces that it has resolved to restructure the chairman’s role and responsibilities.Says the board has resolved to appoint Feng (Bruce) Sheng as non-executive chairman and Michael Kennedy as non-executive deputy chairman.  Full Article

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