Business
Audited Results for the year to 30 September 2017
Audited Results for the year to 30 September 2017.
About this update from Tertiary Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 2807Z Tertiary Minerals PLC 13 December 2017 \n\n13 December 2017\nTertiary Minerals plc (\"Tertiary\" or \"the Company\")\nAudited Results for the year to 30 September 2017\nTertiary Minerals plc, the AIM traded company building a strategic position in the fluorspar sector, is pleased to announce audited results for the year ended 30 September 2017. \n \nHighlights for 2017:\n \n· Engaged in discussions and technical due diligence for shortlisted potential fluorspar project acquisitions capable of generating revenue and profits in the near-term with discussions being reasonably advanced on one particular project\n \n· Storuman Project, Sweden: Exploitation (Mine) Permit re-assessment process by the Swedish Mining Inspectorate is progressing\n \n· MB Project, Nevada: \n \n§ Scoping Study level bench scale metallurgical testwork progressing at SGS Lakefield in Canada with the aim of producing commercial grade acid-spar and mica\n \n§ Received the Bureau of Land Management's (BLM) 2017 Hardrock Small Operator Award (National award) for outstanding and innovative reclamation and sustainable mineral development work on the project\n \n· Lassedalen Project, Norway: Environmental, technical and legal due diligence is progressing for the planned purchase of land and mine workings associated with the Company's fluorspar Mineral Resource from global aluminium company, Hydro\n \n· Completed the sale of the two legacy gold assets, Kaaresselkä and Kiekerömaa, in Finland to TSX-V listed Aurion Resources Ltd for an initial consideration and retained royalty interest. Shares issued to Tertiary as part consideration (£85,000) for the sale of the gold assets were sold in November 2017 resulting in net proceeds of £116,264 and a £31,264 profit\n \n· Signed a Memorandum of Understanding (MOU) with leading global commodities trading group, Possehl Erzkontor GmbH & Co. KG (wholly owned subsidiary of CREMER). The MOU provides for Possehl and Tertiary's intention to enter into a definitive purchase and sales agreement (Offtake...