Last checked at 30 Nov 2023 07:00
30 November 2023
Tertiary Minerals plc ("Tertiary" or "the Company")
KONKOLA WEST COPPER PROJECT, ZAMBIA
The Company wishes to provide the following update to its news release dated 25 September 2023 when it announced the signing of a Term Sheet to allow a third party to earn into the Konkola West Project in Zambia.
The third party has concluded its due diligence investigations and the parties to the Term Sheet are currently reviewing draft agreements with a view to finalising those agreements as soon as possible. All parties have re-affirmed their commitment to completing the transaction.
Commenting today executive Chairman, Patrick Cheetham said:
"I am pleased to be able to provide the market with this reassurance and we look forward to updating the market further in due course with details of the agreement and the third party's exciting plans for drilling at Konkola West."
Further information
Tertiary Minerals plc: | |
Patrick Cheetham, Executive Chairman | +44 (0) 1625 838 679 |
SP Angel Corporate Finance LLP Nominated Adviser and Broker | |
Richard Morrison | +44 (0) 203 470 0470 |
Harry Davies-Ball | |
Peterhouse Capital Limited Joint Broker | |
Lucy Williams | + 44 (0) 207 469 0930 |
Duncan Vasey | |
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.