Tertiary Minerals PLC - mineral exploration and development company focused on energy transition metals with projects in the US and Zambia - Pretax loss narrows to GBP541,341 in the financial year ended September 30, from GBP1.2 million a year prior. Revenue climbs 6.1% to GBP181,429 from GBP171,052. Further, costs regarding the impairment of deferred exploration expenditure narrows to GBP111,691 from GBP699,484. "Looking forward to 2024, we have drilling planned for Jacks, Mushima North and Mukai in Zambia although, given the interest we have had from other companies," Tertiary Minerals says. It adds: "That we were able to carry out significant field programmes in 2023 in extremely difficult market conditions is due in no small part to our dedicated teams in Zambia and the UK and our low-cost base."
Current stock price: 0.11 pence, down 1.3% on Monday
12-month change: down 29%
By Tom Budszus, Alliance News slot editor
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Tertiary Minerals (TYM)