Junior mining firm Terramin Australia Ltd (ASX: TZN) said on Friday that its quest for acquisition targets is still underway as the company underscored its expansion plans by purchasing base metal projects that would deliver other opportunities aside from the companies core products of zinc.

Terramin investors relations manager Ian McAleese said that Terramin is currently focused on dipping its fingers on other base metals prospect, which he said was done even at a time when the resource industry largely viewed zinc as outdated.

In his talk before the delegates of Paydirt Africa Down Under conference held in Perth, Mr McAleese stressed that zinc was never out of fashion to begin with and Terramin is always on the look out for deposits that could be harvested near existing infrastructures.

He pointed to Terramin's Angas mine in South Australia and its Tala Hamza reservoir in Algeria, which he said were excellent examples of assets strategically located near previously established infrastructures.

Mr McAleese revealed that the prospect are currently good for Terramin as the anticipated shutting down of substantial number of zinc mining sites would likely occur in the next few years, resulting to lesser supply and stronger prices for the company's core offering.

Terramin is upbeat that by the time the numerous closure would have happened, the company's Tala Hamza mining project would have reached full production stage and just in time for the projected stronger outlook price for zinc, which is forecasted to stand at $US2,300 per tonne in the September quarter and improving from its level of $US2,148 per tonne.

As of 1414 AEST on Friday, Terramin shares were trading at 53 cents, gaining by one cent or 1.85 percent from the value seen in previous trading