Tertiary Minerals plc (LSE:TYM) has commenced its Phase 3 drilling campaign at Target A1 within the Mushima North Project in Zambia. The program is designed to investigate extensions and continuity of mineralization, particularly within high-grade silver and copper zones, as the company works toward defining its maiden mineral resource estimate. Preparations for drilling are already in progress, and the initiative marks an important step in strengthening Tertiary’s strategic position within the mining sector and potentially enhancing shareholder value.
Tertiary Minerals’ outlook remains constrained by ongoing financial challenges, including recurring losses and negative cash flows. Nevertheless, a strong equity base and promising exploration prospects in Zambia and Nevada provide potential long-term upside. Technical indicators currently show neutral momentum, though valuation remains under pressure due to negative earnings.
More about Tertiary Minerals plc
Tertiary Minerals plc is a UK-based exploration and development company focused on discovering and advancing mineral resources. Its core interests lie in silver, copper, and zinc projects, with a strategic emphasis on polymetallic opportunities within the Iron-Oxide-Copper-Gold belt in Zambia and additional exploration assets in Nevada, USA.
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