ASX-listed mining company TerraCom Limited (ASX:TER) has updated its FY2025 sales guidance for the Blair Athol coal mine in Central Queensland to 1.6 million tonnes, down from the previously forecast 1.8 million tonnes. The revision follows significant rainfall and weather-related disruptions impacting production and logistics throughout the March Quarter.
Despite the challenging conditions, TerraCom has reaffirmed the strength of its operations and cost structure, citing a solid mine plan and steady operating costs.
Danny McCarthy, Managing Director of TerraCom, said:
“The March Quarter brought exceptional rainfall, more than 1.5 times the 10-year average, which disrupted more than a third of our operating days. However, the Blair Athol team responded with resilience, achieving strong productivity on available days and deploying new equipment to offset the weather impacts.”
A new Hitachi EX3600-7 excavator, commissioned in early March, exceeded productivity expectations and supported output during periods of favourable weather. While rain persisted into early April, McCarthy noted the company is actively implementing cost-effective strategies to recover lost production ahead of the financial year-end.
“We remain confident in our ability to meet coal sales targets for the June Quarter. Our low-cost base continues to position TerraCom competitively within the global coal market,” added McCarthy.
Logistics and Operational Highlights
March Quarter coal sales: 321kt, bringing YTD sales to 1.04Mt
FOB operating costs remain largely unchanged
Revised FY25 coal sales forecast: 1.6Mt
Severe rainfall caused delays in railing, port access, and stockyard operations
In-pit water management strategies deployed to minimise operational impact
TerraCom also confirmed continued progress on its Moorlands Project, with no changes expected to its plan to commence first coal production in 2026. Final documentation with joint venture partner Wintime is underway, and further commercial details will be released in due course.
For more information, please visit https://terracomresources.com
ENDS
Danny McCarthy
Managing Director
E: investors@terracomresources.com
Jane Morgan
Investor and Media Relations
E: jm@janemorganmanagement.com.au
M +61 405 555 618
About us:
About TerraCom Limited
TerraCom Limited (ASX:TER) is an Australian based mining resources company with a global footprint, comprising a large portfolio of operating assets in Australia and South Africa within the coal sectors. We are a renowned low-cost producer focused on delivering exceptional outcomes from our high yielding diversified asset portfolio for its investors.
Contact details:
Jane Morgan
Investor and Media Relations
E: jm@janemorganmanagement.com.au
M +61 405 555 618
