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Tertiary Minerals ( (GB:TYM) ) just unveiled an update.
Tertiary Minerals plc has commenced drilling at Target A1 within the Mushima North Project in Zambia, a polymetallic prospect known for silver, copper, and zinc mineralization. The drilling program aims to explore the extent of mineralization identified in previous drilling, which showed promising results, and to assess the potential for further resource development. This initiative is strategically significant as it positions Tertiary Minerals to enhance its resource base in a region with historical high-grade copper deposits, potentially benefiting from its technical cooperation with First Quantum Minerals Limited.
Spark’s Take on GB:TYM Stock
According to Spark, TipRanks’ AI Analyst, GB:TYM is a Neutral.
The overall stock score of 53 reflects a company in a challenging financial situation with consistent losses and negative cash flows. However, its strong equity position and promising exploration projects in Zambia and Nevada offer potential upside. The technical indicators suggest neutral momentum, but valuation concerns persist due to negative earnings.
To see Spark’s full report on GB:TYM stock, click here.
More about Tertiary Minerals
Tertiary Minerals plc is an AIM-traded mineral exploration and development company focused on energy transition metals. The company is engaged in discovering and developing copper and precious metal mineral resources in Zambia and Nevada, USA, operating in stable and mining-friendly jurisdictions.
Average Trading Volume: 27,616,815
Technical Sentiment Signal: Sell
Current Market Cap: £1.71M
For detailed information about TYM stock, go to TipRanks’ Stock Analysis page.