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The latest update is out from Tertiary Minerals ( (GB:TYM) ).
Tertiary Minerals plc has announced an update on its Konkola West Copper Project in Zambia, where its partner KoBold Metals is conducting a drilling program. The first drill hole, KWDD001, reached a depth of 2,711 meters, marking a significant milestone as the deepest mineral exploration drill hole in the Zambian Copperbelt. Despite technical difficulties, visible copper mineralization was observed, and further assays are awaited. The second hole, KWDD002, is progressing well, targeting down-dip extensions of known mineralization. The Earn-In Agreement with KoBold has been extended by six months to complete the drilling and data collection. This project aims to explore potential continuations of mineralization from nearby world-class mines, enhancing Tertiary’s strategic position in the copper industry.
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 involved in discovering and developing copper and precious metal mineral resources, with projects located in Nevada, USA, and Zambia, in geologically prospective and mining-friendly jurisdictions.
Average Trading Volume: 25,083,116
Technical Sentiment Signal: Sell
Current Market Cap: £1.51M
Find detailed analytics on TYM stock on TipRanks’ Stock Analysis page.