Tertiary Minerals plc has entered into an option agreement to acquire up to a 90% joint venture (JV) interest in five copper exploration licences covering 1,500 km2 in Zambia. PROSPECT The company’s 96% recently incorporated subsidiary Luangwa Minerals Ltd, secured the agreement with Mwashia Resources Ltd. The deal covers exploration licence 27069-HQ-LEL (Jack’s licence) and […]
Tag: Tertiary Minerals plc
Tertiary to start trenching at Pyramid silver-gold project
Tertiary Minerals plc said it would soon start excavating trenches ahead of drill tests for the Phase 2 exploration programme at its Pyramid silver-gold project in Nevada, USA. The company hopes to receive the necessary permits within one or two weeks. PLANS Tertiary has completed Phase 2 planning which involves three trenches for 300m to […]
Tertiary’s data deal ends as Kalkinnen PGM permit is cancelled
Tertiary Minerals plc said that the reservation notice for an exploration permit (licence reservation) over the Kalkkinen platinum group metal prospect in Finland has been cancelled on environmental grounds. AGREEMENT This will end Tertiary’s agreement to sell data rights and intellectual property over Kalkkinen to unlisted explorer Element-46 Ltd (E46) in exchange for a 2% […]
Tertiary to form copper subsidiary in Zambia
Tertiary Minerals plc announced it was forming a subsidiary, Luangwa Minerals Ltd, to target copper exploration and development opportunities in Zambia. The company has retained geologist Marcel Nally who is expected to be appointed as Luangwa’s exploration manager. Mr Nally was previously a director of private Zambian copper producer, Moxico Resources plc, where he identified […]