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Tertiary Minerals shares rise as Mupala project brief approved

Thu, 09th May 2024 16:19

(Alliance News) - Tertiary Minerals PLC on Thursday said that the environmental project brief for its Mupala copper project in Zambia has been approved.

Shares in Tertiary Mminerals traded 14% higher at 0.10 pence each in London on Thursday afternoon.

Tertiary is a mineral development company focused on deposits in the US, Zambia and Northern Europe.

The approval of the EPB clears the way for the start of mineral exploration activities at Mupala, the company said.

Chair Patrick Cheetham said: "We are delighted to report the approval of the EPB which, alongside the receipt of the letter of consent from the Sailunga Chiefdom, allows us to commence exploration at the Mupala project.

"The strategic position of our Mupala and Mukai projects in the Kabompo Dome region and the Konkola West project in the traditional copperbelt, where KoBold Metals is currently drilling, places Tertiary at the heart of Zambia's mining boom and we are looking forward to providing updates on our exploration season as it unfolds."

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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5 Apr 2023 17:57

IN BRIEF: Tertiary Minerals lays out Mukai project exploration plan

Tertiary Minerals PLC - US and Zambia-focused mineral exploration and development company with a focus on energy transition metals - Reports the its Mukai copper-nickel project in Zambia has reserves and resources of over 2.7 billion tonnes averaging 0.55% copper and has an annual production of 555,000 tonnes of refined copper. Says that data from First Quantum Minerals suggests exploration potential for both copper and nickel at Mukai. Says its 2023 exploration programme will commence at the project with a property-wide soil sampling programme and field follow-up of anomalous areas, as well as more detailed work adjoining the Tirosa Prospect. Adds it is awaiting approval of its Environmental Project Brief from the Zambian Environment Management Authority and the issue of a Forest Permit to allow exploration to commence.

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Tertiary Minerals receives Zambian approval for copper projects

(Alliance News) - Tertiary Minerals PLC on Monday said its local partner Mwashia Resources Ltd received approval from the Zambian Environmental Management Agency for its Mushima North copper projects.

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