Business
Strategic and Operational Update
Strategic and Operational Update.
About this update from Tertiary Minerals Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8040S\n Tertiary Minerals PLC\n 18 November 2021\n \n \n \n \n \n 18 November \n 2021\n \n \n \n \n \n Tertiary Minerals plc (\"Tertiary\" or \"the Company\")\n \n \n \n \n \n \n \n \n Strategic and Operational Update and\n \n \n Decision to Exercise Further Zambian Licence Options\n \n \n \n \n \n Tertiary Minerals plc (AIM: TYM) is pleased to provide a strategic and operational update and details of an updated Investor Presentation. The Company is also pleased to advise that, further to its announcement of 2 August 2021, its 96% owned Zambian subsidiary, Luangwa Minerals Limited (\"Luangwa\"), will exercise its option with Mwashia Resources Ltd (\"Mwashia\") to enter into agreements to acquire up to a 90% joint venture interest in the four additional Large Exploration Licences held by Mwashia. These are licence numbers 27065-HQ-LEL (Lubuila), 27066-HQ-LEL (Mukai), 27067-HQ-LEL (Konkola West) and 27068-HQ-LEL (Mushima North). Tertiary is already earning up to a 90% interest from Mwashia in licence number 27069-HQ-LEL at Jacks.\n \n \n Highlights \n \n \n · \n \n Tertiary's strategic focus is on energy transition and precious metals located in stable and democratic, geologically prospective, mining-friendly jurisdictions.\n \n \n \n \n \n \n · \n \n The Company's current principal activities are the discovery and development of copper, gold and silver resources in Nevada and in Zambia.\n \n \n \n \n \n \n · \n \n Planning is currently underway for drilling at Pyramid (silver-gold, Nevada) and Jacks (copper, Zambia) and for trenching at Brunton Pass (copper, Nevada).\n \n \n \n \n \n \n · \n \n Drilling is planned for Pyramid for Q1 2022 and for Jacks in Q2 2022. Trenching at Brunton Pass is planned for Q1 2022. Ground geophysics and high resolution XRF/soil sampling to aid drilling targeting at Jacks is planned for Q4 2021, but is contingent on permitting and rainfall.\n \n \n \n \n \n \n · \n \n Tertiary will exercise its option to earn a joint venture interest in the remaining four Mwashia licences in Zambia: 27065-HQ-LEL (Lubuila), 27066-HQ-LEL (Mukai), 27067-HQ-LEL (Konkola West) and 27068-HQ-LEL (Mushima North).\n \n \n \n \n \n \n · \n \n An updated Investor Presentation is available via the following link \n \n \n \n...