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TERRACOM LIMITED — Earnings Release 2022
Nov 16, 2021
65910_rns_2021-11-16_1b7fa1ea-0a5f-4918-95aa-59771d05ab7c.pdf
Earnings Release
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TerraCom Limited Blair Athol Mine Access Road Clermont, Queensland, 4721 +61 7 4983 2038 ABN 35 143 533 537
17 November 2021
BLAIR ATHOL RESULT – FOR THE MONTH OF OCTOBER 2021
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October 2021 Operating EBITDA[1] for Blair Athol of $19.5 million
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Production and sales solid
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On target coal sales of 575,000 for December 2021 quarter are forecast to deliver an Operating EBITDA of $70.0 million[2]
TerraCom Limited (ASX:TER) ( TerraCom or Company ), an emerging resources company with a large portfolio of operating assets in Australia and South Africa, is pleased to provide shareholders with the financial result from the Australian Business Unit (Blair Athol ( BA )) for the month of October 2021.
The Operating EBITDA[1 ] from BA was $19.5 million. The Operating EBITDA result was achieved from coal sales of 157,000[2] tonnes which represents an operating cash margin of $124 per tonne. This is in line with the forecast as announced on 4 November 2021.
Coal sales revenue achieved for BA was $213 per tonne[1] for the month, and forecast revenue for the December 2021 quarter remains at is $210 per tonne[2] . BA remains on target to achieve forecast coal sales in the December 2021 quarter of approximately 575,000 tonnes, representing a run rate of 2.3 million tonnes per annum. Should the forecast coal sales and associated revenue be achieved, this will deliver an Operating EBITDA of $70 million for the December 2021 quarter[2] .
This announcement has been approved by the Board for release.
Craig Ransley Danny McCarthy Executive Chairman Managing Director P +61 7 4983 2038 P +61 7 4983 2038 E [email protected] E [email protected]
About TerraCom Limited
TerraCom Limited (ASX: TER) is an emerging company originating as a resource explorer with a large portfolio of operating assets in Australia and South Africa. We are currently enacting a growth strategy towards delivering a Mid-Tier diversified operating and trading business and have global focus on the development of a high yielding diversified asset portfolio for its investors. To learn more about TerraCom visit terracomresources.com.
1 Non IFRS measure. Based on management accounts. The data presented does not include the results from the South African Business unit or TerraCom corporate costs.
2 Refer TerraCom ASX Announcement dated 4 November 2021.
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