New Risk • Apr 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.0m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 5.7% per year over the past 5 years. Revenue is less than US$1m (AU$127k revenue, or US$90k). Minor Risk Market cap is less than US$100m (AU$69.2m market cap, or US$49.3m). Announcement • Mar 24
Terramin Australia Limited, Annual General Meeting, May 21, 2026 Terramin Australia Limited, Annual General Meeting, May 21, 2026. Reported Earnings • Mar 18
Full year 2025 earnings released: AU$0.004 loss per share (vs AU$0.004 loss in FY 2024) Full year 2025 results: AU$0.004 loss per share (in line with FY 2024). Net loss: AU$8.92m (flat on FY 2024). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. New Risk • Jan 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-AU$915k). Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m (AU$110k revenue, or US$75k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$88.3m market cap, or US$60.5m). Announcement • Oct 29
Terramin Australia Limited has filed a Follow-on Equity Offering in the amount of AUD 38.299706 million. Terramin Australia Limited has filed a Follow-on Equity Offering in the amount of AUD 38.299706 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,007,887,010
Price\Range: AUD 0.038
Transaction Features: Rights Offering New Risk • Sep 11
New major risk - Negative shareholders equity The company has negative equity. Total equity: -AU$915k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.4m free cash flow). Negative equity (-AU$915k). Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m (AU$110k revenue, or US$73k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$101.6m market cap, or US$67.1m). Reported Earnings • Sep 11
First half 2025 earnings released: AU$0.002 loss per share (vs AU$0.002 loss in 1H 2024) First half 2025 results: AU$0.002 loss per share (in line with 1H 2024). Net loss: AU$5.11m (loss widened 23% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. New Risk • Jun 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$5.0m free cash flow). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m (AU$134k revenue, or US$87k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$110.1m market cap, or US$71.7m). New Risk • Apr 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$143.9m (US$91.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$5.0m free cash flow). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m (AU$134k revenue, or US$85k). Minor Risk Market cap is less than US$100m (AU$143.9m market cap, or US$91.2m). Announcement • Mar 31
Terramin Australia Limited, Annual General Meeting, May 29, 2025 Terramin Australia Limited, Annual General Meeting, May 29, 2025. Reported Earnings • Mar 20
Full year 2024 earnings released: AU$0.004 loss per share (vs AU$0.003 loss in FY 2023) Full year 2024 results: AU$0.004 loss per share (further deteriorated from AU$0.003 loss in FY 2023). Net loss: AU$8.87m (loss widened 40% from FY 2023). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year. Announcement • Feb 13
Terramin Australia Limited Appoints Jing Wang as an Independent Non-Executive Director Terramin Australia Limited announced that Ms Jing Wang has been appointed to the Board of Terramin as an Independent Non-executive Director. Ms Wang is a highly regarded legal professional and commercial litigation specialist known for her strategic insights, commercial acumen, and ability to navigate complex regulatory and commercial landscapes. Ms Wang is a Partner and Head of China Practice at Gadens, a leading Australian law firm. Jing has a proven track record of delivering outstanding results in highly complex disputes involving significant financial implications and intricate legal issues. Her ability to deliver practical and strategic solutions to multifaceted challenges makes her an invaluable addition to the Board. Ms Wang holds Bachelor's degrees in Law and Commerce from the University of Melbourne and is accredited by the Law Institute of Victoria. Board Change • Dec 04
Less than half of directors are independent Following Executive Director Martin Janes' arrival on 01 December 2024, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Patrick Zhang was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 11
Terramin Australia Limited Announces Board Changes Terramin Australia Limited that Mr. Alan Broome AM has been appointed to the Board of Terramin as a Non-executive Director and Deputy Chair, as well as a member of both the Audit and Risk Committee and Nominations and Remuneration Committee. He is replacing Mr. Michael Kennedy who is retiring. Mr. Broome is a metallurgist (by training), a director and business advisor with over 40 years of experience in the Metals, Mining and Energy Industries. Mr. Broome brings to the Company extensive knowledge and experience accumulated through involvement with mining technology companies, government agencies and major international mining companies, which will complement the current experience and skill set of Terramin's Directors and management team. Alan is a Director and Chair of a number of Australian mining technology companies including Micromine Pty Ltd., UON Energy Pty Ltd.; iMine Data Analytics Ltd. and Emeritus Chair of the Australian mining technology member group, Austmine (having been previous Chairman for 22 years). He has previously been Chair of the Australian Government Action Agenda promoting Mining Technology; and the Deputy Chair of the world's largest Internet based mining procurement company, Quadrem. Alan is also Chair of ASX listed Company's New Age Exploration Ltd. and the Critical Minerals Group Ltd. In New Zealand, he is Chair of Nuenz Ltd; and previously a Director of the State owned coal mining company, Solid Energy Ltd. Mr. Michael Kennedy has been with the Company as a Director since 2005. Michael has enjoyed a career spanning over 40 years in the non-ferrous mining and smelting industry. Michael has been a valued member of the Board over many years and his experience has been invaluable during his tenure with the Company. New Risk • Sep 07
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$4.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.8m free cash flow). Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m (AU$114k revenue, or US$76k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$93.1m market cap, or US$62.2m). New Risk • Jun 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 28% per year over the past 5 years. Revenue is less than US$1m (AU$106k revenue, or US$70k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$72.0m market cap, or US$47.8m). Announcement • Apr 28
Terramin Australia Limited, Annual General Meeting, May 29, 2024 Terramin Australia Limited, Annual General Meeting, May 29, 2024, at 11:00 E. Australia Standard Time. Location: Level 10, 342-348 Flinders Street Melbourne Victoria 3000 Australia Victoria Australia Agenda: To receive and consider the Company's Financial Report and reports of the Directors and auditors in respect of the financial year ended 31 December 2023; to consider remuneration report; to consider the re-election of mr feng sheng as a director of the company; to consider the re-election of mr angelo siciliano as a director of the company; to consider the election of mr junming zhang as a director of the company; and to consider other matters. Reported Earnings • Mar 20
Full year 2023 earnings released: AU$0.003 loss per share (vs AU$0.01 loss in FY 2022) Full year 2023 results: AU$0.003 loss per share (improved from AU$0.01 loss in FY 2022). Net loss: AU$6.35m (loss narrowed 70% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Jul 06
Terramin Australia Limited Announces Board Changes Terramin Australia Limited announced that China Non-Ferrous Metals Industry's Foreign Engineering & Construction Co. Ltd. (NFC) has proposed the appointment of Mr. Junming (Patrick) Zhang as a Director representing NFC on the Board of Terramin. The Board has accepted his appointment and he will replace Ms. Lulu Shi with immediate effect. Ms. Zhang is a Mining Engineer with considerable mining experience spanning over 30 years. He has extensive project experience in Africa and Asia. He is currently the Senior Expert of NFC's Science Technology and Information Department. Mr. Zhang brings to the Board a wealth of knowledge and experience that will complement the current experience and skill set of Terramin's Directors and management team. Board Change • Jun 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Non-Executive Director Lulu Shi was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 04
Terramin Australia Limited Commences Ground Exploration Activities at the South Gawler Ranges Project Terramin Australia Limited advised that major ground exploration activities have commenced at the South Gawler Ranges Project (SGRP or Project). These exploration activities are being operated under Terramin's exploration agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC). The exploration activities consist of the following: A regional gravity infill survey covering approximately 2,925 km2 with gravity measurements taken on a 1km x 1km grid pattern. The survey is being undertaken by Daishsat Geodetics utilizing a helicopter carrying a technician to take measurements at each data point. The gravity survey will result in the SGRP having modern gravity data coverage at station spacings of 1km or less over approximately 95% of the SGRP exploration tenements. The gravity data will be utilized to better define and prioritise areas known to be prospective for IOCG deposits and to identify new areas on which to focus exploration efforts. Utilising induced polarization (IP) technology provided by JOGMEC, two localised surveys are being undertaken to test the effectiveness of the equipment for detecting deep zones of base metal sulphide mineralization. These activities are expected to be completed in the next two weeks. Background: On the 15 March 2022, Terramin announced that it had entered into an agreement with JOGMEC for exploration of the SGRP which covers approximately 4,524 km2 and is located c.100kms west of Port Augusta and 185kms southwest of OZ Minerals Limited's Carrapeteena Copper-Gold Mine that hosts 950Mt at 0.75% Copper and 0.25g/t gold. The SGRP is an underexplored, highly prospective multi-commodity asset with potential to host significant Iron Oxide Copper Gold (IOCG) mineralization alongside epithermal Ag-Pb-Zn deposits, tin-tungsten and copper gold skarns along with potential porphyry systems. Hematite-rich hydrothermal breccias comparable to those in the Olympic Dam IOCG deposit crop out at several localities in the SGRP and are yet to be drill tested. The material terms of the SGRP exploration agreement are: JOGMEC to fund AUD 7,500,000 in exploration expenditure across a three (3) stage earn-in: Stage 1: JOGMEC will have the option to acquire a 30% interest in the Project by sole funding AUD 1,500,000 up to the period ending 31 March 2024. Stage 2: JOGMEC will have the option to acquire a further 21% interest in the Project (total 51% interest) by sole funding an additional AUD 2,000,000 up to the period ending 31 March 2026. Stage 3: JOGMEC will have the option to acquire a further 19% interest in the Project (total 70% interest) by sole funding an additional AUD 4,000,000 up to the period ending 31 March 2028 (collectively referred to as the JOGMEC Earn-in Option). JOGMEC must sole fund AUD 500,000 exploration expenditure on account of its Stage 1 Earn-in obligation by 31 March 2023 (Minimum Expenditure Commitment). Within 365 calendar days of JOGMEC completing Stage 3 of the JOGMEC Earn-In Option, JOGMEC can elect to purchase an additional 6% interest in the Project (total 76% interest), by paying AUD 3,000,000 and granting a 0.5% net smelter royalty (NSR) to Terramin (Purchase Option). JOGMEC can elect to buyback the 0.5% NSR by paying Terramin AUD 1,500,000 within 365 calendar days of JOGMEC exercising the Purchase Option. Terramin assumes Operatorship of the Project during the Stage 1 and Stage 2 Earn-in Period. The Management Committee will appoint the Operator of the Project during the Stage 3 Earn-in Period. If Terramin's or JOGMEC's interest in the Project dilutes to below 10%, this converts to a 1% NSR royalty. Reported Earnings • Oct 17
First half 2022 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2021) First half 2022 results: AU$0.001 loss per share (in line with 1H 2021). Net loss: AU$2.78m (loss narrowed 4.0% from 1H 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Announcement • Apr 22
Terramin Australia Limited, Annual General Meeting, May 26, 2022 Terramin Australia Limited, Annual General Meeting, May 26, 2022, at 11:01 E. Australia Standard Time. Location: Level 7, 342-348 Flinders Street Melbourrne Victoria Australia Agenda: To receive and consider the re-election Director; to consider APPROVAL TO ISSUE AN ADDITIONAL 10% OF ISSUED CAPITAL OVER A 12 MONTH PERIOD and to consider The Company's Annual Report for the financial year ended 31 December 2021 contains a Remuneration Report; TO ISSUE AN ADDITIONAL 10% OF ISSUED CAPITAL OVER A 12 MONTH PERIOD. Announcement • Mar 29
Terramin Australia Limited Advises That Drilling Has Commenced At Wild Horse, Which Is Located 15 Kilometres East of Murray Bridge in South Australia Terramin Australia Limited advise that drilling has commenced at Wild Horse, which is located 15 kilometres east of Murray Bridge in South Australia. The initial one-hole programme will target the distinct Wild Horse aerial magnetic anomaly located on the western edge of a magnetic granite pluton. The Wild Horse anomaly exhibits the classic Western Pacific porphyry deposit style of ringed magnetic zonation, a magnetic core surrounded by a demagnetised peripheral zone. The magnetic body is approximately 1,300 metres by 2,000 metres and has been modelled from a depth of approximately 100 metres to 1,400 metres. The drilling programme is funded by Newmont Australia in accordance with the Wild Horse Earn-in Agreement. The key terms of the Earn-in Agreement are: Newmont Australia may earn a 51% interest in the project if it spends $3 million on exploration activities over four years; Newmont Australia may elect to earn an additional 24% interest in the project by spending a further $20 million over six years, after which the parties can proportionally contribute or dilute; and If Terramin's interest dilutes to below 10%, this converts to a 1% NSR royalty. Reported Earnings • Sep 11
First half 2021 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2020) First half 2021 results: Net loss: AU$2.89m (loss widened 72% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Executive Departure • Jun 04
Independent Non-Executive Deputy Chairman Michael Kennedy has left the company On the 27th of May, Michael Kennedy's tenure as Independent Non-Executive Deputy Chairman ended after 16.0 years in the role. We don't have any record of a personal shareholding under Michael's name. A total of 2 executives have left over the last 12 months. Announcement • Jul 10
Richard Taylor Steps Down as Chief Executive Officer of Terramin Australia Limited Terramin Australia Limited announced that, Mr. Richard Taylor has stepped down as Chief Executive Officer (CEO) of the company. Mr. Taylor will continue to consult to Terramin on the Bird in Hand Gold Project Mining Lease Application. Announcement • Jun 22
Terramin Australia Limited(ASX:TZN) dropped from S&P/ASX All Ordinaries Index Terramin Australia Limited(ASX:TZN) dropped from S&P/ASX All Ordinaries Index 