Terramin Australia Says Drilling Starts at South Australia Project; Shares Fall 3%

MT Newswires Live

02/24

Terramin Australia (ASX:TZN) started about 1,000 meters of exploration drilling at its South Gawler Ranges project, according to a Tuesday filing with the Australian bourse.

Drilling has been insufficient to define a mineral resource and the company remains uncertain if further exploration will lead to one, the filing said.

The drilling activities are expected to be completed by mid-March, the filing added.

Shares of the company fell 3% in recent Tuesday trade.

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