Terramin Australia Says Site Preparation Starts at Algeria Zinc Project; Shares Down 10%

MT Newswires Live

2024/11/26

Terramin Australia (ASX:TZN) said site activity preparation started at the Tala Hamza project following the Algerian Government's land acquisition, according to a Monday filing with the Australian bourse.

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Tala Hamza's operator, Western Mediterranean Zinc Spa, mobilized geotechnical drilling equipment on site after the signing of an engineering, procurement, and construction contract with Sinosteel Equipment & Engineering, the filing said.

Shares fell 10% in afternoon trade Tuesday.

Price (AUD): $0.09, Change: $-0.01, Percent Change: -10.00%

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