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Tertiary Minerals ( (GB:TYM) ) has shared an announcement.
Tertiary Minerals plc announced promising preliminary results from its Phase 3 drilling program at Target A1, part of the Mushima North Project in Zambia. The company reported significant copper and silver mineralization, with the deepest hole reaching 127m. Despite the early onset of heavy rains pausing the program, the results have extended the known mineralization area and support the company’s exploration model. Tertiary plans to advance the project with JORC Exploration Target work and further studies to assess the resource potential, aiming for a Maiden Mineral Resource Estimate in 2026.
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 operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction of polymetallic resources, including copper, silver, and zinc, with a significant market focus on projects in Zambia’s Iron-Oxide-Copper-Gold region.
Average Trading Volume: 104,303,299
Technical Sentiment Signal: Hold
Current Market Cap: £3.07M
For detailed information about TYM stock, go to TipRanks’ Stock Analysis page.