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% […]
Tag: Tertiary Minerals plc
Tertiary encouraged by Konkola West drilling
Tertiary Minerals plc’s first drill hole has to date reached a depth of 1,023 metres at the Konkola West copper earn-in project in Zambia. HORIZONS Partner KoBold Metals continues drilling KWD001, targeting the ore-shale hosting copper mineralisation found at the Konkola-Lubambe copper mines and nearby Mingomba deposit. Tertiary said that KoBold had intersected a number […]
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 […]
Tertiary to start drilling at Konkola West
Tertiary Minerals plc’s partner will begin drilling later this month to test for deep copper mineralisation in the main ore shale at the Konkola West copper project in Zambia. EXTENSIONS Regulatory approval follows the earn-in agreement between the company’s 96% owned subsidiary, its local partner Mwashia Resources Ltd and the operator-subsidiary of KoBold Metals. The […]
Tertiary to own 90% of Zambia copper assets in new JV
Tertiary Minerals plc will control 90% of its Zambia copper projects under a signed new joint venture agreement with its local partner. STRUCTURE The deal covers the Jacks, Mukai and Mushima North exploration licences currently 100% held by partner Mwashia Resources Ltd. The agreement results in a new Zambian company (Newco) of which Tertiary’s 96% […]
Tertiary signs earn-in with KoBold for Konkola West
Tertiary Minerals plc has signed a definitive earn-in with KoBold Metals for the Konkola West copper project in Zambia. JOINT VENTURE The agreement over exploration licence 27067-HQ-LEL is between the company’s 96% owned subsidiary Tertiary Minerals (Zambia) Ltd (TMZ), a subsidiary of KoBold and TMZ’s local partner Mwashia Resources Ltd. Private US-based mineral explorer KoBold […]