TER UNDERVALUED FAIR VALUE $1.20, page-84

The Australian business unit of TerraCom comprises the flagship Blair Athol coal mine located in Clermont, Queensland, as well as a large portfolio of exploration and evaluation assets predominantly located in the Northern Galilee coal region. The life of the Blair Athol mine is projected at more than eight years at the current run rate of 2.2 million tonnes for export, and TerraCom continues to explore several potential near-mine expansion opportunities which could see the facility utilised as a processing precinct for many decades to come. PROMISING NEXT STEPS It is now TerraCom’s immediate focus to continue to ensure dividends flow to shareholders and the company remains open to the right growth opportunities that pass its strict investment criteria. The Australian business unit of TerraCom comprises the flagship Blair Athol coal mine located in Clermont, Queensland, as well as a large portfolio of exploration and evaluation assets predominantly located in the Northern Galilee coal region. The life of the Blair Athol mine is projected at more than eight years at the current run rate of 2.2 million tonnes for export, and TerraCom continues to explore several potential near-mine expansion opportunities which could see the facility utilised as a processing precinct for many decades to come.