KEY POINTS
- The Department for Energy and Mining (DEM) confirmed that BIHGP meets all environmental and regulatory requirements.
- No impact on water resources: Peer-reviewed studies confirm that local aquifers will remain unaffected.
- $220 million economic boost: The project will significantly contribute to South Australia's economy.
- 740 jobs created: Over 140 direct and 600 indirect employment opportunities.
- Ministerial decision contradicts DEM findings, raising concerns about regulatory consistency.
Terramin Australia Limited (ASX: TZN) welcomes public discussion on its appeal regarding the Bird in Hand Gold Project (BIHGP) and wishes to clarify key facts following recent media coverage.
- Independent government assessment supports the Project: The South Australian Department for Energy and Mining (DEM) confirmed that the BIHGP meets all environmental and regulatory requirements. The Minister’s decision to reject the project directly contradicts his own assessment report, which was prepared by DEM.
- No impact on local water supply: Extensive peer-reviewed hydrological studies confirm that mining operations will not compromise local aquifers. Terramin is committed to best-practice water management and has undertaken some of the most extensive groundwater investigations in SA.
- Significant economic benefits: The BIHGP would contribute $220 million to the South Australian economy, creating over 740 jobs and $42 million in mineral royalties to support the state’s future development.
Terramin remains steadfast in advancing the project, ensuring responsible mining aligned with the highest environmental and community standards. We continue engaging with all stakeholders to provide fact-based clarity on the BIHGP’s sustainable benefits.
Contact details:
Martin Janes, Executive Director
Terramin Australia Limited
+61 8 8536 5950
Mark Flynn, Investor Relations
Terramin Australia Limited
+61 416 068 733