Join our Investor Webinar on the 3rd December 18:00-19:30, with speakers from Sunda Energy and Blencowe Resources. Please register here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Sponsored Content

Pin to quick picksTertiary Minerals Regulatory News (TYM)

Share Price Information for Tertiary Minerals (TYM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.0675
Bid: 0.065
Ask: 0.07
Change: 0.00 (0.00%)
Spread: 0.005 (7.692%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.0675

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Exploration Update – Lubuila Copper Project

20 Apr 2023 10:00

RNS Number : 9047W
Tertiary Minerals PLC
20 April 2023
 

20 April 2023

 

 

Tertiary Minerals plc

("Tertiary" or "the Company")

Exploration Update - Lubuila Copper Project

 

Tertiary Minerals plc (AIM: TYM), the London listed explorer focussed on energy transition and precious metals in Zambia and Nevada, USA, is pleased to announce the start of its 2023 Zambian exploration season and provide an update on its Lubuila Copper Project where a soil sampling programme is scheduled to commence next week.

 

Highlights - Lubuila Project

· Soil sampling contractor selected and tribal/community engagement being conducted this week.

 

· Approximately 300 soil samples to be collected on a 400m by 400m offset grid and analysed in-field using a portable XRF analyser1 ("pXRF").

 

· In-field, same day, analysis will make the programme dynamic and allow immediate follow-up soil sample collection and analysis over zones of anomalous soil geochemistry.

 

· Cost effective first pass exploration programme designed around historical data acquisition and interpretation conducted in recent months.

 

· Targeting untested areas of interpreted prospective Lower Roan Group lithologies which host the majority of copper deposits in the Zambian Copperbelt.

 

Commenting today, Executive Director Patrick Cheetham said:

"I am delighted to announce that our first exploration programme of the 2023 Zambian exploration season is now commencing. The seasonal rains have all but stopped and our contractors are ready to put into place the exploration plans formulated during the rainy season.

Our interpretation of aeromagnetic imagery at Lubuila suggests that large areas of prospective Lower Roan lithologies remain untested by previous explorers and these areas are the focus of our first round of exploration."

 

 

 

 

 

 

 

 

For more information please contact:

Tertiary Minerals plc:

Patrick Cheetham, Executive Chairman

+44 (0) 1625 838 679

SP Angel Corporate Finance LLP - Nominated Adviser and Broker

Richard Morrison/Harry Davies-Ball

+44 (0) 203 470 0470

Peterhouse Capital Limited - Joint Broker

Lucy Williams/Duncan Vasey

+ 44 (0) 207 469 0930

 

Market Abuse Regulation

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

 

 

Detailed Information

Background

Exploration Licence 27065-HQ-LEL covers 334km² and is located 90km west of Luanshya in the Central African Copperbelt. The licence is partially underlain by prospective Lower Roan Group lithologies and lies approximately 70km southeast of the currently producing Chambishi Southeast copper-cobalt mine.

During the first quarter of 2023 Tertiary engaged the Geological Survey of Zambia and exploration contractors involved in historical exploration at the Lubuila Project to acquire pertinent exploration data and build the exploration record. The majority of documented historical exploration was conducted by Mukuba Resources which, between 2008‑2011, carried out a series of airborne geophysical surveys, including magnetics and radiometrics, and extensive soil sampling traverses based on regional geological mapping. Mukuba's exploration programmes were conducted over a wider area than Tertiary's Lubuila licence and follow-up exploration programmes mainly targeted areas outside the Lubuila licence.

An interpretation of Mukuba's aeromagnetic data suggests that large areas of prospective Lower Roan Group lithologies within the Lubuila licence area were not sampled in previous exploration campaigns and these areas are now targeted by Tertiary for further exploration.

Soil Sampling Programme

This week our local partner, Mwashia Resources, has commenced community and tribal engagement to inform all stakeholders of the upcoming work programmes. The engagement is essential to receive tribal consent but also to allow the local community the opportunity to participate in casual employment as part of the work programme and provide input on access and site-specific conditions.

Geo-Junction Consulting Limited has been selected as field contractor to collect approximately 300 soil samples on a 400m by 400m offset grid. Samples will be dry-sieved to minus 180 microns and split into subsamples for on-site pXRF analysis and laboratory-based check analysis (ICP-MS). Field analysis using pXRF and daily reporting of results to head office allows for real-time modification of the work programme and follow-up sampling in anomalous areas.

The results of the pXRF and laboratory check analysis will be reported upon completion of the work programme.

 

Notes

1. A pXRF or portable X-ray fluorescence analyser is a hand-held instrument which provides multi‑element analytical results outside of a laboratory setting. XRF analysis operates by bombarding the sample with X-rays which induces the emission of secondary X-rays exhibiting the energy characteristics of the constituent elements within the sample. pXRF analysers provide real-time analysis and allows immediate follow-up sampling therefore increasing productivity and reducing cost associated with additional mobilisation. pXRF analysers cannot be used as a direct replacement for traditional laboratory-based analysis as the sample is not subjected to rigorous sample preparation and is therefore considered indicative.

 

2. The information in this release has been compiled and reviewed by Mr. Patrick Cheetham (MIMMM, MAusIMM) who is a qualified person for the purposes of the AIM Note for Mining and Oil & Gas Companies. Mr. Cheetham is a Member of the Institute of Materials, Minerals & Mining and also a member of the Australasian Institute of Mining & Metallurgy.

 

3. The news release may contain certain statements and expressions of belief, expectation or opinion which are forward looking statements, and which relate, inter alia, to the Company's proposed strategy, plans and objectives or to the expectations or intentions of the Company's directors. Such forward-looking statements involve known and unknown risks, uncertainties, and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such forward-looking statements. Accordingly, you should not rely on any forward-looking statements and save as required by the AIM Rules for Companies or by law, the Company does not accept any obligation to disseminate any updates or revisions to such forward-looking statements.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UPDIMMPTMTITMMJ
Date   Source Headline
4th Nov 20247:00 amRNSMukai Copper Project - Commencement of Drilling
28th Oct 20247:00 amRNSCopper-Zinc Mineralisation found at Mushima North
16th Oct 20247:00 amRNSMushima North Drilling
30th Sep 20247:00 amRNSTotal Voting Rights
23rd Sep 20247:00 amRNSDrill Start & Exploration Update
16th Sep 20241:12 pmRNSHolding(s) in Company
13th Sep 20243:51 pmRNSHolding(s) in Company
12th Sep 20244:16 pmRNSHolding(s) in Company
29th Aug 20245:19 pmRNSStoruman Fluorspar Project, Sweden
28th Aug 20247:00 amRNSPlacing to raise £880,000
9th Aug 20248:50 amRNSCEO Interview - Company Presentation
7th Aug 20247:00 amRNSMukai Project - Agreement for Joint Venture
29th Jul 20247:00 amRNSMupala Copper Project, Soil Sampling Results
21st Jun 20248:53 amRNSDRILLING UPDATE, KONKOLA WEST COPPER PROJECT
10th Jun 20247:00 amRNSMupala Copper Project, Zambia
6th Jun 202410:53 amRNSUpdate – Agreement with Mwashia
29th May 202410:42 amRNSHalf-Yearly Report 2024
21st May 20247:00 amRNSDrilling Update, Konkola West Copper Project
9th May 20247:00 amRNSMupala Copper Project Update
2nd May 20247:00 amRNSExploration Update – Brunton Pass Project, Nevada
16th Apr 20242:00 pmRNSDrilling - Konkola West Copper Project, Zambia
9th Apr 20249:48 amRNSDrill Start - Konkola West Copper Project, Zambia
29th Feb 20247:00 amRNSTotal Voting Rights
26th Feb 20247:00 amRNSAgreement with Mwashia Resources
15th Feb 20242:31 pmRNSGrant of Warrants
15th Feb 20249:41 amRNSComplete Results of AGM
14th Feb 20242:19 pmRNSResult of AGM
6th Feb 20241:58 pmRNSUpdate: KoBold's New Mingomba Copper Discovery
18th Jan 202410:00 amRNSAnnual Report & Notice of Annual General Meeting
15th Jan 202410:15 amRNSAudited Results for Year Ended 30 September 2023
19th Dec 20239:20 amRNSCompany Presentation via Investor Meet Company
19th Dec 20237:00 amRNSEarn-In Agreement - Konkola West Project, Zambia
30th Nov 20237:00 amRNSKonkola West Copper Project, Zambia
6th Nov 20237:00 amRNSProject Update, Zambia
1st Nov 20237:00 amRNSPlacing to raise £150,000
16th Oct 20237:00 amRNSNew Soil Sampling Results - Mushima North, Zambia
5th Oct 20237:00 amRNSFirst Soil Sampling Results - Mushima North
25th Sep 20237:00 amRNSTerm Sheet for Agreement - Konkola West, Zambia
12th Sep 202310:04 amRNSProvisional Soil Sampling Results - Mukai Project
7th Sep 20237:00 amRNSGovernment Decision - Storuman Project, Sweden
6th Sep 20237:00 amRNSGovernment Decision - Storuman Project, Sweden
24th Aug 20237:00 amRNSUpdated Company Presentation
10th Aug 20237:00 amRNSExploration Update – Zambia
3rd Aug 20233:09 pmRNSUK Government Press Release Supports Zambia Growth
31st Jul 20237:00 amRNSForest Permits Received - Mukai & Mushima North
13th Jun 20237:00 amRNSNew Exploration Licence – Zambia
6th Jun 20237:00 amRNSExploration Update - Konkola West, Zambia
1st Jun 20237:00 amRNSProject Focus – Mushima North Project, Zambia
30th May 20232:40 pmRNSHALF-YEARLY REPORT 2023
17th May 20232:02 pmRNSExploration Update – Lubuila Copper Project

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Free Investment Tools

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.