Terramin Welcomes Algeria’s Mining Reforms as Tala Hamza Project Progresses
Adelaide, Australia – Terramin Australia Limited (ASX: TZN) (“Terramin” or “the Company”) has welcomed transformative reforms to Algeria’s mining legislation, coinciding with solid progress at the Tala Hamza Zinc Project—one of the world’s largest undeveloped zinc-lead deposits.
Legislative Breakthroughs
On 16 June, Algeria’s parliament passed key amendments lifting the foreign ownership cap in mining projects from 49% to 80%, while introducing a streamlined permitting regime that consolidates exploration and production into a single 30-year licence.
“These changes not only improve the investment climate but also align with Terramin’s strategic growth objectives in Algeria,” said Executive Chair Bruce Sheng. “We commend the Algerian government for this positive reform and look forward to continuing our collaboration with local partners.”
Tala Hamza Project Advancing
Terramin, through its 49% interest in Bejaia Zinc & Lead Spa, reports that two of four planned geotechnical drill holes have now been completed. These are critical to final engineering of underground mine ventilation infrastructure, with the remaining holes scheduled for early Q3 2025.
Strategic Benefits
The reforms are expected to:
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Increase operational flexibility
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Support long-term development planning at Tala Hamza
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Open the door to increased equity participation in future Algerian projects
These developments come as Algeria seeks to diversify its economy and unlock the value of its substantial mineral endowment, including zinc, phosphate, iron ore, copper, gold and lithium.
ENDS
Key Facts:
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Foreign ownership cap in Algeria lifted from 49% to 80%
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New single permit regime allows up to 30 years for exploration + mining
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Tala Hamza geotechnical drilling 50% complete (2 of 4 holes)
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Project owned 100% by Bejaia Zinc & Lead Spa (Terramin 49% shareholder)
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One of the world’s largest undeveloped zinc-lead deposits
About us:
Terramin Australia Limited (ASX: TZN) is a base and precious metals development company advancing a portfolio of assets in Australia and North Africa. Its flagship project, Tala Hamza in Algeria, is a globally significant zinc-lead resource being developed through a joint venture with state-owned Algerian partners.
Contact details:
Mark Flynn
Investor Relations
Terramin Australia Limited
M: +61 416 068 733
E: [email protected]
W: www.terramin.com.au