Terramin Australia Limited

Terramin Australia Limited (ASX: TZN) today reported further progress on its Algerian zinc project, with the granting of a mining permit and the commencement of an intensive drilling program.

Terramin Australia Limited (ASX: TZN) has called on the SA Government to promptly finalise all remaining approvals for the Angas Zinc Project after today announcing the completion of a feasibility study which gives the $63 million mine the financial green light.

Terramin Australia Ltd (ASX: TZN) - which is developing the Menninnie base metals project in joint venture with Zinifex Australia Limited - announced today that new drilling results had significantly enhanced the prospects of a large resource at the deposit.

New figures for Australia's next zinc mine - Terramin Australia Limited's (ASX: TZN) Angas project at Strathalbyn near Adelaide - reveal a zinc cash cost of US 18 cents per pound (after credits).

Macquarie Bank (ASX: MBL) has increased it holding in Terramin Resources (ASX: TZN) to 8.2% after a AU$1M share placement.

Development of the Angas Zinc Project can be funded with debt and metal offtake agreements rather than equity, Terramin Australia Limited (ASX: TZN) announced today.

The regulatory process that will apply to Terramin Australia Limited's (ASX: TZN) Angas Zinc Project, near Strathalbyn south of Adelaide has been affirmed.