TerraCom's Blair Athol Coal Mine sales update

TerraCom Limited (ASX: $TER) has announced the full year coal sales result from its Blair Athol (BA) Coal Mine in Clermont, Queensland. The mine sold 408kt for the June Quarter, resulting in total coal sales for the financial year ended 30 June 2024 of 1.57Mt. Despite facing unforeseen delays due to a significant unscheduled downtime event on the dragline in mid-June, the company remains committed to achieving its sales guidance for BA of 1.8Mt for the 12 months ending 30 June 2025.

Executive Commentary

Our Blair Athol Coal Mine has demonstrated resilience in the face of challenges, achieving 1.57Mt in coal sales for the financial year ended 30 June 2024. Despite the unforeseen delays caused by the downtime event, we are focused on delivering exceptional outcomes and remain committed to our sales guidance for the upcoming year. We appreciate the ongoing support of our shareholders and stakeholders as we continue to drive value from our diversified asset portfolio.

Summary of Coal Sales Update

TerraCom Limited (ASX: $TER) has reported the full year coal sales result from its Blair Athol (BA) Coal Mine, with sales reaching 1.57Mt for the financial year ended 30 June 2024. The company faced challenges due to a significant unscheduled downtime event, impacting production and delaying the achievement of the planned three shipments for June. Despite this, TerraCom remains focused on its sales guidance for BA of 1.8Mt for the 12 months ending 30 June 2025. The company continues to uphold its commitment to delivering value from its diversified asset portfolio and aims to overcome operational challenges to achieve its future sales targets.