Terramin Australia Limited announced that it has reached agreement with Kitticooler Holdings Pty Ltd. to acquire a 100% of Private Mine No 53 (PM 53) located near Palmer, South Australia. PM 53 covers the historic Kitticoola copper gold mine that was operated intermittently between 1846 and 1971. Kitticoola is located 2.5km south of Palmer and approximately 62km by road from Terramin's Angas Processing Facility (APF) at Strathalbyn. The Agreement with KHP on PM 53 provides Terramin with the exploration rights and potential future mining rights over Kitticoola, subject to land access fees and a sliding scale royalty paid to KHP.