Terramin Australia Ltd (ASX:TZN) Updates on Bird in Hand Gold Project Appeal
Project Overview
Terramin Australia Limited (ASX:TZN) provides an update on the legal proceedings and operational progress of the Bird in Hand Gold Project (BIHGP) in South Australia. The BIHGP has a high-grade resource of 650,000 tonnes at 12.6g/t for 265,000 ounces of gold, projected to add $220 million to Gross State Product, create over 140 direct and 600 indirect full-time jobs, and contribute approximately $42 million in mineral royalties.
Legal Proceedings
On 20 January 2025, the Supreme Court of South Australia dismissed Terramin’s application for judicial review regarding the Minister for Energy and Mining’s decision to decline the BIHGP mining lease and miscellaneous purposes license applications. Terramin has lodged an appeal, arguing the Minister’s actions contradicted the Department for Energy and Mining’s positive recommendation, which concluded the BIHGP could be developed without adverse environmental or socio-economic impacts.
Operational Progress
Despite legal challenges, Terramin remains committed to the BIHGP. The Angas site is maintained under a DEM-approved Mine Care and Maintenance Plan, ensuring compliance. Environmental studies confirm responsible mining activities, and the project is expected to strengthen South Australia’s economic diversity. Terramin continues engagement with local communities to balance economic, social, and environmental outcomes.
Next Steps
Terramin will continue advancing the BIHGP by leveraging its feasibility study, environmental framework, and technical viability. The Company is pursuing all available legal avenues to secure the project’s future and will provide updates on the appeal process and operational progress in due course.
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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