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Alan Green talks Coinsilium #COIN, Tertiary Minerals #TYM & MetalNRG #MNRG on Vox Markets podcast

Alan Green discusses Coinsilium #COIN, Tertiary Minerals #TYM & MetalNRG #MNRG with Justin Waite on the Vox Markets podcast. Interview is 23 minutes 39 seconds in.

Alan Green discusses Karelian Diamonds #KDR & Tertiary Minerals #TYM on his weekly Stockbox Media Research talk

Alan Green discusses Karelian Diamonds #KDR & Tertiary Minerals #TYM on his weekly Stockbox Media Research talk

Tertiary Minerals #TYM – Wide Silver Zone Discovered at Pyramid Gold-Silver Project

Further to its announcement on 10 March 2021, Tertiary Minerals plc is pleased to report that assay results from a recent trenching programme show a thick zone of open-ended silver mineralisation in Trench No.1 at the North Ruth soil anomaly on the Pyramid Gold-Silver Project in Nevada, USA.

Highlights:

  • 6 trenches completed for a combined length of 360m of trenching.
  • Trench No.1 through northern portion of the North Ruth soil anomaly cut 45.72m grading 61g/t silver (1.78 ounces/ton)
    • Includes 14m grading 146g/t silver (4.26 ounces/ton).
  • Silver mineralisation continuing to end of Trench No. 1 – open ended.
  • Trench No.2, 460m along strike, includes 3m grading 260g/t Silver (7.58 ounces/ton)
  • Narrower zones of lower grade mineralisation found in 3 other trenches on the Western Line soil anomaly.
  • Infill soil sample results awaited for southern part of the project

Commenting today, Executive Chairman Patrick Cheetham said: “This is a very exciting discovery, with the results today culminating from our systematic exploration undertaken over the past 12 months. It is now clear that the North Ruth soil anomaly reflects a significant width of silver mineralisation in situ and at surface that includes both a high-grade zone and a bulk tonnage target. The mineralisation in Trench No.1 is not closed off,and while the true width of this zone remains to be determined,we will move as quickly as possible to carry out further definition and drill-testing. Ilook forward to reporting back to you with the results of the additional soil-sampling on the public lands section of the property.”

For more information please contact:

Tertiary Minerals plc:
Patrick Cheetham, Executive Chairman +44 (0) 1625 838 679
SP Angel Corporate Finance LLP

Nominated Adviser and Broker

Richard Morrison +44 (0) 203 470 0470
Caroline Rowe
Peterhouse Capital Limited

Joint Broker

Lucy Williams + 44 (0) 207 469 0930
Duncan Vasey

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement. 

Detailed Information

Pyramid Gold-Silver Project

Background

The Pyramid Gold-Silver Project is located in north-central Nevada, USA and is targeting epithermal gold-silver mineralisation in the prolific past producing Walker Lane Mineral Belt.

On 11 January 2021, the Company announced results from a soil sampling programme carried out to confirm and determine the extent of an open-ended gold and multi-element soil anomaly originally defined in the 1980s by Battle Mountain Gold Company. A number of significant new gold and silver-in-soil anomalies were identified and named the North Ruth, Western Line and Western Splay anomalies.

In late January 2021, follow up rock chip sampling highlighted the potential for in situ mineralisation and in particular at the 800m long North Ruth soil anomaly where grab sampling identified areas of silicified and brecciated Tertiary-age volcanics within the anomaly with one sample of spoil from an old shaft containing 314 g/t silver (9.16 ounces/ton) amongst eight samples averaging 91 g/t silver (2.67 ounces/ton) and 0.26 g/t gold.

Trenching Programme

Follow-up trenching has so far been restricted to the North Ruth and Western Line soil anomalies where  they fall within the private land portion of the Pyramid Property under lease to the Company. Six trenches were dug in April 2021 to expose bedrock over continuous sections of these two anomalies .

Two trenches, Nos. I and 2, were located over the north and south ends of the North Ruth anomaly respectively. Assay results from Trench No.1 revealed a 45.7m continuous width of mineralisation grading 61ppm silver (1.78 ounces/ton) and 0.09ppm gold starting 42.67m from the east end of the trench and continuing up to the western end where it ended in mineralisation.

This 45m section contained two separate higher-grade zones of 9.14m grading 146 g/t silver (4.27 ounces/ton) and 0.10g/t gold and 3.05m grading 99 g/t silver (2.88 ounces/ton) and 0.15 g/t gold. The silver bearing zone is flanked on the eastern side by a 9.15m wide zone with higher gold values averaging 0.54 g/t gold and 11 g./t silver.

The next nearest trench, Trench No.2, some 460m along strike, cut 3.05 m grading 260g/t silver (7.58 ounces/ton) and 0.27g/t gold. ,

A summary of significant results is shown in the table below.

Four other trenches were cut at spacings of between 95m to 250m over a 470m strike length of the Western Line soil anomaly and cut through a number of narrow zones of low-grade gold and silver mineralisation as shown in the table below. Further work on the Western Line soil anomaly, at least within the private land portions of the property, is not currently a priority.

The silver mineralisation in Trench No.1 occurs within a quart latite tuff showing varying levels of epithermal argillic alteration and silicification. Additional infill soils sampling has been completed on the south end of the Project Area, on public lands secured by mining claims, and results are awaited.

The Company will move to drill test the North Ruth silver mineralisation as soon as possible and will consider additional trenching once the additional soil sample results become available.

Table of significant1trench result.

   Thickness Silver Gold From To
  (m) (g/t) (oz/ton) (g/t) (m) (m)
Trench No.1 9.15 11 0.32 0.54 33.53 42.67
and 45.75 61 1.78 0.09 42.67 88.39
inlcudes 3.05 99 2.88 0.15 50.60 53.64
inlcudes 9.15 146 4.27 0.10 56.69 65.84
Trench No.2 3.05 260 7.58 0.27 15.24 18.29
and 3.05 49 1.44 0.06 36.58 39.62
Trench No.3 7.01 3 0.09 0.26 15.54 22.56
Trench No.4 9.14 9 0.27 0.28 24.38 33.53
Trench No.5 4.88 2 0.07 0.26 8.84 13.72

 

A map illustrating the features described in this news release will be available on the Company website at: https://www.tertiaryminerals.com/pyramid-gold-project-nevada-usa 

Notes:

  1. Significant is defined as a minimum 2m width grading a minimum of 15g/t silver or 0.25g/t gold. Narrower and/or lower grade material may be included where they are internal to the reported intervals. Reported widths are widths along a trench and may not represent true widths of mineralisation if the mineralisation is dipping and/or the ground surface is not horizontal.
  1. Units:

Rock samples reported in g/t = grammes/tonne

1 g/t = 0.029167 ounce/ton (i.e. troy ounces/US ton)

1ppm = 1 g/tonne

1 (Troy) ounce =31.105g 

  1. Trench samples were collected by consulting Geologist Ivan Johnson as continuous chip samples over a maximum of 10 feet per sample. Samples were transported under chain of custody to Paragon Geochemical facilities in Reno, Nevada for sample preparation. Samples were crushed to 85% passing 200mesh using method PREP-RMB. Gold was analysed by method Au-AA30 which comprises 30g fire assay with aqua regia digest/AAS finish. Multielement analysis (including Ag) was performed using method 33‑MA-OES which comprised a 4-acid digest with ICP/OES finish. Ag overrange analysis was performed using method Ag-Gr50, a 30g fire assay with gravimetric finish. Paragon carries out duplicate and standard materials analysis as part of its internal QA/QC procedures. Grades reported above are weighted average grades of samples taken over varying widths from within the reported intervals.
  1. The information in this release has been compiled and reviewed by Mr. Patrick Cheetham (MIMMM, MAusIMM) who is a qualified person for the purposes of the AIM Note for Mining and Oil & Gas Companies. Mr. Cheetham is a Member of the Institute of Materials, Minerals & Mining and also a member of the Australasian Institute of Mining & Metallurgy.
  1. The news release may contain certain statements and expressions of belief, expectation or opinion which are forward looking statements, and which relate, inter alia, to the Company’s proposed strategy, plans and objectives or to the expectations or intentions of the Company’s directors. Such forward-looking statements involve known and unknown risks, uncertainties, and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such forward-looking statements. Accordingly, you should not rely on any forward-looking statements and save as required by the AIM Rules for Companies or by law, the Company does not accept any obligation to disseminate any updates or revisions to such forward-looking statements.

Note to Editors: 

Tertiary Mineralsplc (ticker symbol ‘TYM’) is an AIM-traded mineral exploration and development company building a multi-commodity project portfolio

Tertiary Minerals #TYM – Half Yearly Report 2021

Tertiary Minerals plc, the AIM-traded company building a multi-commodity project portfolio, announces its unaudited interim results for the six months ended 31 March 2021.

OPERATIONAL HIGHLIGHTS:

NEVADA, USA

Pyramid Gold-Silver Project, Nevada (Lease held 100% by Tertiary)

· Soil sampling and follow-up prospecting completed.

· Rock chip samples from the North Ruth and Western Line soil anomalies returned high grade silver values.

· Additional soil sampling completed over possible strike extension to the Western Line Anomaly. Results awaited.

· Phase 1 trenching and mapping completed on the North Ruth and Western Line anomalies. Results awaited.

Paymaster Zinc-Silver Project, Nevada (100% owned by Tertiary)

· Infill soil sampling completed over East Slope Prospect – Zinc-silver soil anomalies defined over 450m, open to the east.

· Magnetic Vector Inversion modelling has defined magnetic anomalies associated with the East Slope and Valley Prospects and provided additional targets for exploration.

· Field mapping and trenching proposed for spring/summer 2021.

Brunton Pass Copper Project, Nevada (100% owned by Tertiary)

· New project staked with copper mineralisation spread over a 1km x 0.6km target area.

· Samples collected by United States Bureau of Mines contain up to 6.91% copper. Follow up sampling by the Company confirmed widespread copper mineralisation and included an 8ft channel sample grading 4.66% copper over 2.44m (8ft).

· Drone magnetic survey and soil sampling completed. Results awaited. 

Mt Tobin Silver Prospect,   Nevada (100% owned by Tertiary)

· Associated silver-in-soil and magnetic anomalies defined over a strike length of 1,200m and widths of 75-200m.

· Anomalies are open along strike. Field evaluation planned for summer 2021.

Lucky Copper Project, Nevada (100% owned by Tertiary)

· Hole 21TLRC001 was drilled to a depth of 108.24m 

· Two magnetic gossan zones intersected containing low-grade copper (+/-gold) mineralisation.

· Follow up magnetic survey completed to target replacement style mineralisation. Results awaited.

ZAMBIA

· New subsidiary, Luangwa Minerals Limited, formed after period-end to acquire copper exploration and development projects in Zambia.

FINANCIAL SUMMARY FOR THE SIX MONTHS ENDED 31 MARCH 2021:

· Operating Loss of £223,690 comprises:

Revenue of £81,495; less Administration costs of £243,851 (which includes non-cash share-based payments of £11,608).

Pre-licence and reconnaissance exploration costs totalling £48,449.

Impairment of deferred exploration asset of £12,885.

· Total Group Loss of £223,663 is after crediting interest income of £27.

· Project expenditure of £112,494 was capitalised during the 6-month period.

Funding and Cash Position:

· The Company completed a fundraising in the period with Peterhouse Capital Limited raising £450,000 before expenses.

· Warrants were exercised providing £13,750 of funds.

· Precious Metal Capital Group LLC (PMCG) subscribed for shares during the six months period in the amount of £420,000, which was prepaid in April 2020. No further share issues are due to PMCG.

· The closing cash (and cash equivalent) position at the end of the period was £743,497.

For more information please contact:

Enquiries

Tertiary Minerals plc

Patrick Cheetham, Executive Chairman

 

 

 

+44 (0)1625 838 679

SP Angel Corporate Finance LLP

Nominated Adviser & Joint Broker

Richard Morrison/Caroline Rowe

 

 

+44 (0) 20 3470 0470

Peterhouse Capital Limited

Joint Broker

Lucy Williams/Duncan Vasey

+44 (0) 207 469 0930

COVID-19 

The Company has applied all government guidelines in its day-to-day operations and administration. The restrictions on international travel have impacted the ability of the Company to supervise local operations. Fortunately, this has caused only minor delays and setbacks in the advancement of corporate objectives. Management and staff have carried out their duties diligently and efficiently in the circumstances of the “work-from-home” rules and social distancing. The Company is pleased to report that, to date, it has not incurred any positive cases of Coronavirus amongst its staff.

CAUTIONARY NOTICE

The news release may contain certain statements and expressions of belief, expectation or opinion which are forward looking statements, and which relate, inter alia, to the Company’s proposed strategy, plans and objectives or to the expectations or intentions of the Company’s directors. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such forward-looking statements. Accordingly, you should not rely on any forward-looking statements and save as required by the AIM Rules for Companies or by law, the Company does not accept any obligation to disseminate any updates or revisions to such forward-looking statements.

MARKET ABUSE REGULATION (MAR) DISCLOSURE

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (‘MAR’). Upon the publication of this announcement via Regulatory Information Service (‘RIS’), this inside information is now considered to be in the public domain.

Chairman’s Statement

I am pleased to present our Interim Report for the six-month period ended 31 March 2021 and to be reporting further progress in the Company’s transition from a fluorspar focused company to a broader based company exploring for copper, gold, and silver. We now hold five active projects in Nevada, USA, with exploration programmes in progress across the portfolio.

We have maintained our position in the Storuman fluorspar development project in Sweden where the Company’s mining concession application remains under government review, although, it seems, with little prospect of an imminent decision.

At the Pyramid Gold-Silver Project near Reno, Nevada, which we hold under lease, we are awaiting assay results from a trenching programme completed to test mineralisation found at surface in a follow-up of an earlier soil sampling programme. Infill soil sampling has also been completed, analytical results are awaited and are expected to generate targets for a second phase of trenching.

The Brunton Pass Copper-Gold Project is a newly acquired project which we staked to follow up widespread occurrences of copper oxide minerals at surface and where our own sampling included a 2.44m channel sample grading 4.66% copper. We have moved quickly to carry out a drone magnetic survey and a project-wide soil sampling programme where results are awaited.

An initial drill hole was recently completed at the Lucky Copper Project intersecting narrow zones of gossan containing low copper values. The mineralisation has a magnetic response and is of a replacement type that can include large copper deposits and a drone magnetic survey is now underway to identify larger  targets for drilling.

Further work is also scheduled for the Paymaster base metal and Mt Tobin silver projects where there is a strong association of magnetic and geochemical anomalies which present exciting exploration targets and where follow up field evaluation is now planned for the summer.

Copper is increasingly a focus for the Company. It is a key metal in electric vehicles, prices are at record levels and the long-term market outlook is very favourable. After reviewing data on a number of projects around the world, the Company has formed a Zambian subsidiary, Luangwa Minerals Limited, which will target copper exploration and development opportunities in Zambia, one of the world’s top 10 copper producing countries with nearly 900,000 tonnes of copper produced in 2020. Tertiary’s Board has many years of experience with Zambian mining projects and has put together a small team with a successful background in exploring and developing copper projects in Zambia.

We continue to hold our pre-production and production royalties on the Kaaresselkä and Kiekerömaa gold projects in Finland which are being explored by Aurion Resources and an Aurion/B2B Gold joint venture company respectively. These project areas are close to Rupert Resources’ Ikkari gold discovery which is attracting strong investor interest.

Our activities during the period have been funded through existing cash resources, a share placing with joint broker Peterhouse Capital Limited that raised £450,000 (before expenses), and also an exercise of warrants which raised £13,750.  Precious Metals Capital Group (PMCG) was issued with shares during the reporting period to the value of £420,000 and the £600,000 placing & prepayment agreement signed in April 2020 is now settled in full. No further share issues are due to PMCG.

The Net Current Assets of the Group at the period end were £761,220 including cash and cash equivalents of £743,497.

On the corporate front we were pleased that Dr Mike Armitage has joined the Board as an independent non-executive director during the reporting period and we expect Mike’s wide global experience with SRK Consulting will be a valuable asset for the Company going forward.

We anticipate regular news flow over the remainder of the financial year and look forward to advising shareholders of our progress.

Patrick L Cheetham

Executive Chairman

26 May 2021

Link here for financial statements

Tertiary Minerals #TYM – Formation of Zambian Subsidiary

Formation of Zambian Subsidiary – Luangwa Minerals Limited

 

Tertiary Minerals plc is pleased to announce that the Company is forming a Zambian subsidiary, Luangwa Minerals Limited (“Luangwa”), targeting copper exploration and development opportunities in Zambia.

The Company has retained geologist Marcel Nally who, it is expected, will be appointed Luangwa’s exploration manager in due course. Mr. Nally was previously a director of private Zambian copper producer, Moxico Resources plc, and was responsible for the identification and acquisition of its principal mining projects. The Company has also retained Mr. Shangwa Chime as Luangwa’s Government Liaison Officer.

Tertiary will hold 96% of Luangwa, with 3% being held by Mr. Nally and 1% held by Mr. Chime.

 

Commenting today, Executive Chairman Patrick Cheetham said:

“Given that the Board has many years of experience with Zambian mining projects, we are excited to take this next step in the development of Tertiary’s mineral business. Copper is increasingly a focus for the Company and with Zambia one of the world’s top 10 copper producing countries, producing nearly 900,000 tonnes of copper in 2020, we expect Luangwa to be a valuable addition to the Tertiary asset portfolio.”

 

For more information please contact:

Tertiary Minerals plc:

Patrick Cheetham, Executive Chairman

+44 (0) 1625 838 679 

SP Angel Corporate Finance LLP – Nominated Adviser and Broker

Richard Morrison

+44 (0) 203 470 0470

Caroline Rowe

Peterhouse Capital Limited – Joint Broker

Lucy Williams

+ 44 (0) 207 469 0930

Duncan Vasey

Tertiary Minerals #TYM – Total Voting Rights

Tertiary Minerals plc announces that in accordance with Financial Conduct Authority’s Disclosure and Transparency Rules (“DTRs”), the total issued share capital of the Company with voting rights is  1,183,322,445 ordinary shares.

There are no shares currently held in treasury. The total number of voting rights in the Company is therefore 1,183,322,445 and this figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the DTRs.

For more information please contact:

Tertiary Minerals plc:

Patrick Cheetham, Executive Chairman

+44 (0) 1625 838 679 

SP Angel Corporate Finance LLP

Nominated Adviser and Broker

Richard Morrison

+44 (0) 203 470 0470

Caroline Rowe

Peterhouse Capital Limited

Joint Broker

Lucy Williams

+ 44 (0) 207 469 0930

Duncan Vasey

 

Note to Editors:

 

Tertiary Minerals plc (ticker symbol ‘TYM’) is an AIM-traded mineral exploration and development company building a multi-commodity project portfolio

Alan Green talks to Patrick Cheetham, Executive Chairman at Tertiary Minerals #TYM

Alan Green talks to Patrick Cheetham, Executive Chairman at Tertiary Minerals #TYM. Patrick discusses the latest developments at the Pyramid Gold and Silver projects, plus the Mount Tobin Silver project & the latest exploration results from the Lucky Copper project.

On the latest results from Lucky Copper, Patrick made the following comment on the TYM RNS announcement. “This maiden drill hole has confirmed the occurrence of copper mineralisation in magnetic gossan zones at shallow depth. The geological setting of the mineralisation is not yet defined but trace element geochemistry suggests the gossans are developed from skarn-style mineralisation,  a class of deposit containing a number of large economic copper deposits in Nevada and the adjoining States. Detailed evaluation of the drill samples is underway to define the host rock stratigraphy and a magnetic survey is planned to define additional drill targets.”

We also discuss the newly acquired Brunton Pass copper project, the Kaaresselkä Gold royalty agreements Finland, and the strong group cash position following the recent placing.

Tertiary Minerals #TYM reports encouraging analytical results from the Lucky Copper Project

Tertiary Minerals plc is pleased to announce encouraging analytical results from its maiden drill hole at the Lucky Copper Project in Nevada, USA.

Highlights:

  • Hole 21TLRC001 was drilled to a depth of 108.24m.
  • Two magnetic gossan zones intersected containing low-grade copper (+/-gold) mineralisation:
    • 57m grading 0.12% copper and 0.12 g/t gold from 15.24m down hole.
    • 05m grading 0.40% copper from 33.53m down hole.
  • Highly anomalous copper (average 325ppm copper) over 24.38m from 83.82m to the base of hole.
  • Geological evaluation of drill samples ongoing.
  • Follow up magnetic survey planned.

Commenting today, Executive Chairman Patrick Cheetham said:

“This maiden drill hole has confirmed the occurrence of copper mineralisation in magnetic gossan zones at shallow depth. The geological setting of the mineralisation is not yet defined but trace element geochemistry suggests the gossans are developed from skarn-style mineralisation,  a class of deposit containing a number of large economic copper deposits in Nevada and the adjoining States. Detailed evaluation of the drill samples is underway to define the host rock stratigraphy and a magnetic survey is planned to define additional drill targets.”

For more information please contact:

Tertiary Minerals plc:
Patrick Cheetham, Executive Chairman +44 (0) 1625 838 679
SP Angel Corporate Finance LLP

Nominated Adviser and Broker

Richard Morrison +44 (0) 203 470 0470
Caroline Rowe
Peterhouse Capital Limited

Joint Broker

Lucy Williams + 44 (0) 207 469 0930
Duncan Vasey

 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement. 

Detailed information

The Lucky Copper Project was staked by the Company in 2020 and is located on the east side of the old Aurum mining centre, 96km northeast of the major porphyry copper mining town of Ely in north-east Nevada.

The project is targeting disseminated copper mineralisation first identified during exploration carried out in the 1950s.

The Company’s drill hole 21TLRC001 was drilled vertically using the reverse circulation percussion method and samples were collected at 5ft (1.52m) intervals down hole.

The holes passed through 6.1m of overburden and a mixed sequence of sedimentary rocks down to the end of the hole at 108.20m.

Two zones of gossan were intersected at 15.24m and 33.53m down hole as shown in the table below. In addition, a wide zone of anomalous copper was intersected from 83.82m to the base of hole at 108.20m. Extensive faulting was encountered from 38m down to the bottom of the hole. The strike and dip of the mineralisation intersected is not yet known.

Table 1 Drilling results: Hole 21TLRC001

Down Hole From to      
interval From to Copper Gold Silver
m m m % g/t g/t
4.57 15.24 19.81 0.12 0.12 3.23
3.05 33.53 36.58 0.40 0.00 8.75
24.38 83.82 108.20 0.03 0.00 0.91

 

Gossans are typically produced by surface and near surface weathering of metallic deposits and any contained copper sulphide minerals originally contained in such deposits are oxidised and the contained copper can be either leached out or enriched. Consequently, the grade of the mineralisation in gossans is not necessarily a reliable indicator of the grade of the mineralisation from which it is derived.

A nearby percussion hole drilled in 1951 was reported to have intersected a 20.4m cumulative thickness of mineralisation which assayed 0.65% copper to the bottom of the hole at 77.7m depth. That hole also ended in mineralisation .

These early drill results are considered to be encouraging. The gossan zones contain magnetic material which may be remnant magnetic sulphides such a pyrrhotite, or magnetic oxide minerals such as  magnetite or maghemite, and it is likely that the original mineralisation will be magnetic and responsive to magnetic surveying. A drone magnetic survey is therefore planned to define additional drill targets.

A programme of petrological work is also planned to better define the host rock lithologies and the geological setting of this mineralisation and assist further exploration targeting.

Notes:

  1. All drill samples were submitted to Paragon Geochemical, Reno for sample preparation and analysis. Analysis was performed using method 34MA OES, a 34 element multi-acid ICP/OES and aqua regia ICP/MS package (Hg), and Au AA30, 30g fire assay with aqua regia digest and AAS finish. Quality control samples were inserted into the sample run by the Company and standards and blanks were run by the analytical laboratory for internal QA/QC purposes
  1. The information in this release has been compiled and reviewed by Mr. Patrick Cheetham (MIMMM, MAusIMM) who is a qualified person for the purposes of the AIM Note for Mining and Oil & Gas Companies. Mr. Cheetham is a Member of the Institute of Materials, Minerals & Mining and also a member of the Australasian Institute of Mining & Metallurgy. 
  1. This news release may contain certain statements and expressions of belief, expectation or opinion which are forward looking statements, and which relate, inter alia, to the Company’s proposed strategy, plans and objectives or to the expectations or intentions of the Company’s directors. Such forward-looking statements involve known and unknown risks, uncertainties, and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such forward-looking statements. Accordingly, you should not rely on any forward-looking statements and save as required by the AIM Rules for Companies or by law, the Company does not accept any obligation to disseminate any updates or revisions to such forward-looking statements.

Note to Editors: 

Tertiary Minerals plc (ticker symbol ‘TYM’) is an AIM-traded mineral exploration and development company building a multi-commodity project portfolio.

Tertiary Minerals #TYM – Result of General Meeting

Further to the announcement of 4 March 2021, the Company is pleased to advise that the General Meeting (“GM”) was held today, as scheduled, and that the special resolution to approve the disapplication of pre-emption rights in respect of shares authorised for issue at the Company’s last Annual General Meeting (the “Resolution”) was duly passed.

As advised, and because the meeting was held as a closed meeting, the vote on the Resolution was conducted by poll. The result of the poll was as follows:

Resolution to approve the disapplication of pre-emption rights
Votes For % of votes

cast

Votes Against

% of votes cast Total Votes Total Votes as

% of the No. of issued ordinary shares

Withheld
120,927,011 91.66 11,008,564 8.34 131,935,575 11.15 662,326

Included in this result are the valid proxies for shareholders who were not present at the GM whereby the Chairman was directed to vote, and voted, as follows:

Proxies voted by Chairman for shareholders not voting in person at the GM
Votes For % of proxy votes Votes Against

% of proxy votes At Chairman’s discretion Withheld
110,549,098 90.94 11,008,564 9.06 0 662,326

A vote withheld is not a vote in law and votes withheld are not counted in the result.

Further information:

 

Tertiary Minerals plc

Patrick Cheetham, Executive Chairman

 +44 (0)1625 838 679

 

 

SP Angel Corporate Finance LLP

Nominated Adviser & Broker

Richard Morrison/Caroline Rowe

 

 

+44 (0)203 470 0470

Peterhouse Capital Limited

Joint Broker

Lucy Williams/Duncan Vasey

 

+44 (0)207 469 0930

Notes to Editors

Tertiary Minerals plc (ticker symbol ‘TYM’) is an AIM-traded mineral exploration company building and developing a multi-commodity project portfolio – Industrial minerals, base and precious metals.

Tertiary Minerals #TYM – Director / PDMR Shareholding

The Company wishes to advise that Mr. Donald McAlister, a non-executive director of the Company, has, on 16 March 2021, effected a transfer of 2,743,561 ordinary shares in the Company, in which he has the beneficial interest from a CREST nominee account, into his Self-Invested Personal Pension. The shares were sold and immediately repurchased at the same price of 0.46 pence per share.

This transfer of shares was made with appropriate approval from, and in accordance with the Company’s Share Dealing Code and there has been no change to the number of shares in which Mr. McAlister has an interest as a result of this transaction. 

Mr. McAlister currently has an interest totalling 2,937,609 ordinary shares in the Company representing 0.25% of the total number of ordinary shares in issue which remains unchanged.

For more information please contact:

Tertiary Minerals plc:

Patrick Cheetham, Executive Chairman

+44 (0) 1625 838 679        

SP Angel Corporate Finance LLP

Nominated Adviser and Broker

Richard Morrison

+44 (0) 203 470 0470

Caroline Rowe

Peterhouse Capital Limited

Joint Broker

Lucy Williams

+ 44 (0) 207 469 0930

Duncan Vasey

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

Market Abuse Regulation

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the issue of ordinary shares to a director.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM.

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name: 

Donald McAlister

2.     

Reason for the notification

a)

Position/status:

Non-Executive Director

b)

Initial notification/Amendment:

Initial notification

3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Tertiary Minerals plc

b)

LEI:  

213800OT9C6DQN9VO543

4.     

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument:

Identification code:

Ordinary shares of 0.01p each

 
GB0008854563

b)

Nature of the transaction:

Transfer of 2,743,561 ordinary shares from a CREST account into a Self-Invested Personal Pension.

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

Sale £0.0046

2,743,561

Purchase £0.0046

2,743,561

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

N/a

 

e)

Date of the transaction:

16 March 2021

 

f)

Place of the transaction:

London Stock Exchange

 

 

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