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Tertiary Minerals ( (GB:TYM) ) has issued an update.
Tertiary Minerals plc has provided an update on its Jacks Copper Project in Zambia, highlighting the project’s potential due to promising initial drilling results. The project targets sedimentary copper within the Lower Roan Subgroup in an underexplored region south of the Central African Copperbelt. Initial drilling by Tertiary confirmed both shallow, lower-grade and deeper, higher-grade copper mineralization, indicating significant potential for future exploration and development. The project is seen as a highly prospective copper target that could generate near-term value, enhancing Tertiary’s position in the industry and offering potential benefits for stakeholders.
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 a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in projects targeting copper and associated metals such as silver, zinc, and cobalt, with a significant market focus on key locations in Zambia.
Average Trading Volume: 25,578,951
Technical Sentiment Signal: Sell
Current Market Cap: £1.51M
See more insights into TYM stock on TipRanks’ Stock Analysis page.