Terramin Australia Limited (ASX:TZN) Shares Gain: What Is Happening at the Tala Hamza Zinc Project?

Sonal Goyal

06 November 2026 09:20 PM AEDT

Terramin Australia Limited (ASX:TZN) Shares Gain: What Is Happening at the Tala Hamza Zinc Project?

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Key Highlights

Terramin Australia (ASX:TZN) shares finished the 6 November 2026 session at $0.019, up 18.75%.
The 1 for 1.5 pro rata entitlement offer was fully subscribed, raising approximately $28.65 million.
Proceeds are to be applied primarily to the development of the Tala Hamza Zinc Project in Algeria.

During the Trading session on 6 November 2026, Terramin Australia Limited (ASX:TZN) shares finished at $0.019, up 18.75%, while the S&P/ASX 200 fell 0.49% to 9,020.80. Terramin is an Australian mineral exploration and development company with interests in zinc, gold and copper projects. Its most recent update is the September 2026 quarterly activities report, dated 29 October 2026.

Latest Development: September 2026 Quarterly Report (29 October 2026)

Terramin reported that its 1 for 1.5 pro rata non-renounceable entitlement offer was fully subscribed after quarter end, raising approximately $28.65 million. The company said the proceeds will be applied primarily to development of the Tala Hamza Zinc Project.

The Tala Hamza project is held 49% through Bejaia Zinc & Lead Spa, and is located about 15 kilometres from the port city of Bejaia in northern Algeria. The joint venture partners and Algerian government agencies continued site development, the international underground Mining tender and access road tender continued to advance, and project finance negotiations progressed.

Latest Development: Other Projects

Terramin continues to review its Options for the 100%-owned Bird in Hand Gold Project following the March 2026 Court of Appeal decision. Copper recoveries at the Kapunda In Situ Copper Recovery Project, in which it holds 25%, increased after a chemical oxidant was added to the trial. At the South Gawler Ranges Project, the joint venture is reviewing future exploration plans.

About the Company

Terramin's main development asset is its interest in the Tala Hamza Zinc Project. The company also holds smaller interests in gold and copper projects in South Australia, and its results depend on advancing these projects toward development and funding.

Sector Context

Zinc is used mainly in galvanising and die-casting, and prices are influenced by global industrial Demand and Supply from major mines. Developing a new zinc project usually requires a combination of equity, Debt and offtake arrangements, and governments and infrastructure access can affect timing.

Risks to Watch

The Tala Hamza project depends on project finance, mining tenders and government approvals in Algeria, and any delays could extend the development timetable. The entitlement offer adds to the share count, which can affect the value per share for existing holders. Changes in zinc prices may also influence the Economics of the project.

Catalysts on Watch

Investors will be watching for the outcome of the underground mining tender, progress on the access road tender and the conclusion of project finance negotiations. A decision on the future of the Bird in Hand project and updates on the Kapunda trial are also items to monitor.

FAQs

Q: How much did Terramin raise in its entitlement offer?

A: The entitlement offer was fully subscribed, raising approximately $28.65 million.

Q: What is Terramin's main development project?

A: The Tala Hamza Zinc Project, held 49% through Bejaia Zinc & Lead Spa, in northern Algeria.

Q: What is happening at the Bird in Hand project?

A: Terramin is reviewing its options following the March 2026 Court of Appeal decision.

Q: What stake does Terramin hold in the Kapunda project?

A: Terramin holds a 25% interest in the Kapunda In Situ Copper Recovery Project.

Q: How did Terramin shares perform on 6 November 2026?

A: Terramin shares finished the trading session at $0.019, up 18.75%, while the S&P/ASX 200 fell 0.49%.

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