Tertiary Minerals (LSE:TYM) is entering an exciting new phase at its flagship silver project, with drilling underway on one of its most promising exploration targets and a clear pathway towards delivering a maiden mineral resource estimate.
Speaking to The Watch List, Managing Director Richard Belcher highlighted the significant potential of Target A1, where the company has already defined an exploration target containing up to 58 million ounces of silver equivalent. While exploration targets are common among junior mining companies, few have advanced projects of this scale before commencing a major drill programme.
According to Belcher, Target A1 could become a transformational asset within Tertiary Minerals’ growing portfolio.
“The target has the potential to be very significant for the company,” he said. “Fifty-eight million ounces of silver equivalent equates to a multi-billion-pound in-situ value.”
Strong Fundamentals for Future Development
Beyond the impressive exploration target, Belcher pointed to several geological characteristics that could enhance the project’s long-term economic potential.
Mineralisation begins just a few metres below surface, making it highly accessible for exploration and potential future development. The deposit also displays a simple, flat-lying tabular geometry and is hosted within the oxide zone, features often associated with lower-cost open pit mining opportunities.
Importantly, the known mineralisation remains open, providing scope for further expansion through continued drilling. In addition to increasing the oxide resource, the company also intends to test the potential for deeper sulphide mineralisation, offering another avenue for future growth.
Drilling Programme Already Underway
Tertiary Minerals has already commenced drilling designed to support its objective of delivering a maiden mineral resource estimate before the end of the year.
Achieving this milestone would represent a major step forward for the company, converting exploration success into a defined mineral resource that could significantly enhance the project’s value.
Alongside drilling, the company is carrying out metallurgical studies to assess processing characteristics and the recoverability of both silver and copper. These technical programmes will help build a more comprehensive understanding of the project’s development potential.
Steady Flow of News Expected
Investors can look forward to a steady stream of exploration and technical updates over the coming months as multiple work programmes progress simultaneously.
Belcher believes these developments have the potential to act as important catalysts for the business, culminating in the delivery of a maiden mineral resource estimate, an achievement that could represent a significant re-rating opportunity for the company.
With drilling now underway, favourable geology, expansion potential, and a clearly defined development roadmap, Tertiary Minerals appears well positioned to build momentum through the remainder of the year as it advances one of its most compelling silver assets.
For more information visit https://www.tertiaryminerals.com/
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