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Share Price: 0.10

Bid: 0.09

Ask: 0.11

Change: 0.00 (0.00%)

Spread: 0.02 (22.222%)

Open: 0.10

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Tertiary Minerals Loss Narrows In Full Year On Lower Expenses

Wed, 19th Feb 2020 13:48

(Alliance News) - Tertiary Minerals PLC on Wednesday said its loss narrowed significantly in its most recently ended financial year, thanks to reduced impairment charges.

The AIM-traded mineral exploration and development company reported pretax loss of GBP831,507 in the year to the end of September compared to GBP2.3 million loss a year earlier, as its impairment charges reduced to GBP442,917 from GBP2.0 million.

Revenue, meanwhile, slipped to GBP189,742 from GBP218,841.

The company is currently in the earlier stages of the typical mining development cycle and so has no income other than cost recovery from the management contract with Sunrise Resources PLC and a small amount of bank interest, Tertiary explained.

Tertiary Minerals shares were trading 43% lower in London on Wednesday at 0.44 pence a share.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

More News

30 Nov 2023 11:58

IN BRIEF: Tertiary Minerals shares up on term sheet progress

Tertiary Minerals PLC - Mineral exploration and development company - Gives update on signing of term sheet to allow a third party to earn into the Konkola West project in Zambia. Says the third party has now finished due diligence investigations, and the relevant parties are now reviewing draft agreements, with a view to finalising as soon as possible. Adds that all parties have re-affirmed their commitment to completing the transaction.

6 Nov 2023 14:26

TRADING UPDATES: Anglo-Eastern output down year-to-date, Bushveld's up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

1 Nov 2023 11:31

Tertiary Minerals shares drop on discounted fundraise of GBP150,000

(Alliance News) - Tertiary Minerals PLC on Wednesday saw its share price fall, after completing a fundraise at a discount to the previous day's closing bid price.

16 Oct 2023 10:50

Tertiary Minerals delineates second large anomaly at Mushima North

(Alliance News) - Tertiary Minerals PLC on Monday celebrated further positive results from soil sampling at one of its target areas on the Mushima North copper project in Zambia.

5 Oct 2023 13:37

Tertiary Minerals reports encouraging results from Mushima North

(Sharecast News) - Tertiary Minerals reported encouraging outcomes from its investigative soil analysis at the Mushima North Copper Project in Zambia on Thursday, shedding light on the potential viability of the site for future excavation.

5 Oct 2023 10:32

Tertiary Minerals dubs results from Zambia copper target "intriguing"

(Alliance News) - Tertiary Minerals PLC on Thursday said that it has received more positive results from its summer exploration programmes in Zambia, with one target containing "intriguing" anomalies.

25 Sep 2023 10:37

IN BRIEF: Tertiary Minerals shares jump on Konkola West earn-in deal

Tertiary Minerals PLC - mineral exploration and development company focused on energy transition metals with projects in the US and Zambia - Alongside its local partner, Mwashia Resources Ltd, signs a largely non-binding term sheet for an earn-in and joint venture agreement with an unnamed third party. The agreement provides for the third party to earn into exploration licence 27067-HQ-LEL, the Konkola West project in Zambia. The term sheet proposes the third party will, in stage one, commit to a drill programme to be completed within 14 months of signing the agreement. Following this, the third party will earn an initial 51% interest in the licence, with the option to earn 70% in stage two by sole funding a cumulative USD6 million on exploration within 48 months of signing the agreement.

12 Sep 2023 11:03

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Tertiary Minerals Share News (TYM)

Share Price Information for Tertiary Minerals (TYM)

Tertiary Minerals Loss Narrows In Full Year On Lower Expenses

IN BRIEF: Tertiary Minerals shares up on term sheet progress

TRADING UPDATES: Anglo-Eastern output down year-to-date, Bushveld's up

Tertiary Minerals shares drop on discounted fundraise of GBP150,000

Tertiary Minerals delineates second large anomaly at Mushima North

Tertiary Minerals reports encouraging results from Mushima North

Tertiary Minerals dubs results from Zambia copper target "intriguing"

IN BRIEF: Tertiary Minerals shares jump on Konkola West earn-in deal

Tertiary Minerals defines substantial copper anomaly at Mukai project

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Tertiary Minerals granted permission for soil sampling in Zambia

Tertiary Minerals granted new Zambia exploration licence

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