Brisbane, Australia – TerraCom Limited (ASX: TER) advises that current and anticipated rail and supply chain constraints are expected to impact the timing of coal deliveries from the Company’s Blair Athol Mine in Queensland to the Dalrymple Bay Coal Terminal during the December 2025 quarter.
While mining activities at Blair Athol remain fully operational and continue without interruption, these constraints are affecting the movement of coal through the transport and logistics network. The resulting delays are expected to have a short-term impact on shipping schedules, revenue timing and cash receipts for the December quarter.
At present, Blair Athol holds significant coal inventories both at site and at port, comprising approximately 140,000 tonnes of site product, 11,000 tonnes of port product, and 42,000 tonnes of site run-of-mine coal. This represents an equivalent saleable product position of approximately 186,000 tonnes – broadly in line with two Blair Athol shipments or about one month of sales.
Under normal operating conditions, this coal and forecast production would have been progressively transported to port and converted to revenue and cashflow within a relatively short timeframe. However, the build-up of saleable stock, ready for export but awaiting rail allocation, is expected to create near-term working capital and liquidity pressures until normal coal haulage services resume.
To mitigate the impact of these external constraints, TerraCom has implemented a range of proactive initiatives to support near-term liquidity and operational continuity. These include shipment prepayment arrangements, creditor management measures, targeted capital and cost reduction initiatives at Blair Athol, and an assessment of additional working capital funding options.
The Company emphasises that these challenges relate solely to the timing of revenue and cash inflows for the December quarter. The underlying operational performance and competitive cost base of Blair Athol remain strong, and TerraCom’s broader production and development outlook remains unchanged.
TerraCom continues to closely monitor the situation as part of its cashflow and liquidity management framework and will provide further updates as appropriate. The Company maintains confidence in the resilience of its business model and its ability to manage through temporary supply chain disruptions while continuing to deliver long-term value for shareholders.
For more information, please visit https://terracom.au
ENDS
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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.
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Jane Morgan
Investor and Media Relations
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