Business
HALF-YEARLY REPORT 2023
HALF-YEARLY REPORT 2023.
About this update from Tertiary Minerals Plc
[{"type":"text","content":"\n\n30 May 2023\n \nTERTIARY MINERALS PLC\n(\"Tertiary\" or \"the Company\")\n \nHALF-YEARLY REPORT 2023\n \nTertiary Minerals plc is pleased to announce its unaudited interim results for the six-month period ended 31 March 2023.\n \nSix-Month Operational highlights:\n \nTertiary continues to develop its mineral project portfolio, focused on copper opportunities in Zambia and copper and precious metals projects in Nevada.\n \nZambia\n \n· JV agreement signed with Mwashia Resources recognising the Company's 90% interest and right to purchase the remaining 10% interest in the Jacks Copper Project.\n \n· Jacks Copper Project soil sampling programme generated multiple copper soil anomalies with a peak value of 535ppm copper and high Cu:Sc ratios which can indicate hydrothermal copper sulphide and compare favourably with soil anomalies in the vicinity of various ore zones at current and past producing mines on the Copperbelt. Drill testing is planned.\n \n· Data transfer completed from First Quantum Minerals for the Mukai and Mushima North Copper Projects under a data sharing and technical cooperation agreement.\n \n· Resampling of 1970s drill hole RKN800 at Mushima North returned 33m grading 0.24% copper from 122m-155m downhole, including 9m grading 0.43% copper from 140m-149m. The drillhole ended in mineralisation grading 0.19% copper from 154-155m (EOH) and lies on the edge of an untested gravity anomaly defined and targeted for drilling by BHP for possible Iron-Oxide-Copper-Gold style mineralisation.\n \n· Extensive exploration targeting undertaken in preparation for the 2023 field season. Project Focus presentations published for the Mukai and Konkola West Projects. Mushima North Project Focus presentation to follow.\n \n· 2023 field season commenced with soil sampling programme at the Lubuila Copper Project. In-field portable X-Ray Fluorescence (pXRF) analytical results indicate a large open-ended copper-in-soil anomaly defined over an area of approximately 1,000m x 680m with a peak copper value of 306 ppm and an average value of 125ppm Cu.\n \n \nNevada\n \nBrunton Pass C...