Tertiary Minerals plc will this week begin exploration at the Mupala copper project located on the west side of the Kabompo Dome in the Northwest Province of Zambia. MOMENTUM Exploration licence 32139-HQ-LEL, covering 41.2 km2, is 100% owned by the company’s 96% owned subsidiary, Tertiary Minerals (Zambia) Ltd. Geological and exploration contractor, Geo-Junction Consulting Ltd, […]
Tag: copper
Golden Metal raises £500,000 via subscription
Golden Metal Resources plc has raised £506,250 via a direct and premium priced subscription by Purebond Ltd. The subscription in the company is Purebond‘s second this year and takes the total invested so far to approximately £1.26 million and total ownership to 6.65%. Golden Metal issued 2,250,000 new ordinary shares of 1.0p each representing 2.06% of […]
Tertiary takes majority share in new Zambia JV
Tertiary Minerals plc has completed all conditions precedent for its Zambia copper joint venture agreement and taken majority ownership of the new company Copernicus Minerals Ltd. STRUCTURE The February 2024 agreement with local partner Mwashia Resources Ltd covers the Jacks, Mukai and Mushima North exploration licences. Mwashia will own 10% of Copernicus while Tertiary’s 96% […]
Central Asia acquires 28.7% of Aberdeen Minerals
Central Asia Metals plc has completed its £3 million initial investment in nickel-copper-cobalt explorer Aberdeen Minerals Ltd. The company now has 35,294,117 shares, purchased at a price of 8.5 pence per share, and a 28.7% shareholding in Aberdeen. Central Asia also received warrants to invest an additional £2m at a price of 11 pence per share […]
Power Metal completes Wilan merger
Power Metal Resources plc has agreed the merger, announced in December 2022, of its Wilan IOCG* project in South Australia with additional licences in Queensland, and the subsequent sale. INCUBATOR The expanded portfolio includes Wilan’s two exploration licences over a total 1,994km2 in the Olympic Dam precinct and the Fiery Creek and Bartola copper projects in […]
Tertiary to begin exploration at Mupala
Tertiary Minerals plc has received approval to begin mineral exploration at its Mupala copper project in the Domes region of northwest Zambia. PROGRAMME The company received consent for its environmental project brief and from the Sailunga Chiefdom. Work programmes, expected to begin next month, will include soil sampling to verify identified soil anomalies and help […]