Tertiary Minerals Share Discussion Threads

[argyle underclap] 06/6/2024 10:39

The reason a Mukai JV is likely incoming..

TYM: “If ever a project had the right address, it is Mukai, which encompasses Lower Roan Subgroup rocks on the southern flank of the Kabompo Dome. It contains the same prospective stratigraphy as that hosting the Sentinel and Enterprise orebodies and our initial soil sampling has already identified a major copper-in-soil anomaly.”

[highrisk1] 06/6/2024 10:32

TYM now have FIVE projects in Zambia. Market cap tiny.

[argyle underclap] 06/6/2024 10:32

MORE ABOUT MUKAI (JV discussions underway)...

Located Near Large Mines and Major Exploration Projects

The licence is directly adjacent to First Quantum Minerals’ (“FQM”) Trident Project, which includes the recently opened 35 million tonne Enterprise Nickel Mine and the 894 million tonne Sentinel (Kalumbila) Copper Mine, located 8km south and 18km southeast of the licence, respectively.

FQM has invested US$2.1 billion in the Sentinel Copper Mine where the plant has the capacity to treat 55 million tonnes of ore per annum.

Enterprise is a sediment-hosted nickel-sulphide deposit with a total measured and indicated resource of 40 million tonnes of ore containing 431,000 tonnes of nickel, from which FQM envisages processing some 4 million tonnes of nickel ore per year, making Enterprise the largest nickel mine in Africa.

The Mukai Project is also located just to the west of Arc Minerals’ project area on the opposite flank of the Kabompo Dome, where Anglo American can earn a 70% interest from Arc Minerals through expenditure of US$88.5 million, including US$14.5 in cash payments.

[highrisk1] 06/6/2024 10:30

Commenting today Executive Chairman, Patrick Cheetham said:"We are delighted to have obtained these Government approvals. The JVA and formation of Copernicus simplifies our corporate structure in Zambia and brings forward TMZ's 90% ownership holding in all three of the Licences. It also creates a vehicle by which the partners will consider joint venture approaches made by third parties. The field season in Zambia is well underway with drill planning at an advanced stage on a number of projects and drilling already in progress, and advancing towards target, at the Konkola West joint venture with Kobold Metals and Mwashia."

[the count of monte_cristo] 06/6/2024 10:29

Rns out, see above😅ԍ15;

[highrisk1] 06/6/2024 10:26

Looks like news due

[argyle underclap] 06/6/2024 10:26

as per RNS 29 May 24

Mukai Copper Project

· Joint Venture negotiations underway with drilling planned for the *coming season.

This is the likely candidate for the next JV. With drilling planned for the *coming season it is in everyone's interest to conclude pronto.

[the count of monte_cristo] 06/6/2024 10:09

Yws, very good. Eventually the market will recognise this company.

[the count of monte_cristo] 06/6/2024 10:08

Commenting today Executive Chairman, Patrick Cheetham said:

"We are delighted to have obtained these Government approvals. The JVA and formation of Copernicus simplifies our corporate structure in Zambia and brings forward TMZ's 90% ownership holding in all three of the Licences. It also creates a vehicle by which the partners will consider joint venture approaches made by third parties. The field season in Zambia is well underway with drill planning at an advanced stage on a number of projects and drilling already in progress, and advancing towards target, at the Konkola West joint venture with Kobold Metals and Mwashia."

[argyle underclap] 06/6/2024 10:04

RNS

Houskeeping complete. opens the door for more JVs, of which we officially know we are in negotiations on at least one other.

[argyle underclap] 05/6/2024 10:49

Just tweeted

[highrisk1] 05/6/2024 08:56

Good morning, hopefully news on completion of drilling should be with us this week or next week for definite. Maybe already completed, anyone any thoughts?.

[argyle underclap] 04/6/2024 22:04

Konkola West.

just read this again. Boy does it get the juices flowing.

[argyle underclap] 04/6/2024 11:12

A few thoughts on Sweden from lse. Thanks guys

SeisNAV

“I'm not getting my hopes up over Storuman. If it's already been rejected twice then unless they can make significant changes to the application then I don't see a change in direction. Anything is possible of course but I bought in here based on the Zambian licenses and that's where I'm hoping to see value being created. They certainly don't have the cash to develop Storuman if it was approved... maybe a sale might be the best way to go.”

And twincamcortina

“If it is still in place we had an MOU with Possehl, in which they agreed to buy 70% of our Fluorspar production and to help finance any initial mining and distribution costs.

It is only open cast mining and the costs should be relatively low with a hopefully quick lead time to production.

GLA !!!!”

And last but not least this from 1 investor...

Just a comment on the likelihood of the Storuman project being approved.

For context & to re-cap: Fluorspar is considered a critical mineral by the EU and an important battery mineral used in the manufacture of LiPF6, the main salt used in lithium-ion battery electrolytes. It also has other applications.

In 2019 the company’s application was rejected not on the implications of the mine workings, which the Inspectorate referred to themselves as being of National Interest, but on the ancillary facilities.

Given the strategic nature of the resource the Government intervened in the decision making process following an appeal by the company, which pointed out the paradoxical nature of the Inspectorates decision.

The Government's assertion that the Swedish Mining Inspectorate was wrong (yes wrong) to consider the ancillary elements separately and that the National Interest of the Storuman deposit should extend to include the deposit and the processing infrastructure as a whole and not just the immediate area of the mineralisation, as otherwise the deposit could never be developed. This is a hugely significant statement.

What the government are saying, in other words, is that the Storuman project is a project which is in the national interest and should be approved. It’s a classic case of State v Institution and the previous Head of the Mining Inspectorate was swiftly replaced. I’m not sure all shareholders have quite grasped how much pressure this places on the current incumbent.

I’ll leave it to individual shareholders to make their own minds up, but the government has teed this up to be approved.

What the Mining Inspectorate have been doing since the decision was annulled in September is going through the motions so that they can justify a position change and approve the project.

[argyle underclap] 04/6/2024 09:38

Thanks Stevie

[stevie blunder] 04/6/2024 09:05

Storuman was Tertiary's main asset for a while, and Tertiary was worth about £10 million then. So it could be significant.

They had 3 flurospar projects at one point and had arranged an offtake agreement for the mine output. All turned to dust.

The shares reached over 10p with about 120 million in issue.

[argyle underclap] 04/6/2024 08:14

Can anyone attempt to put a potential value on approval?

[ronson333] 03/6/2024 12:54

This is so under the radar it’s ridiculous. With the copper price currently surging, this could really go nuts if they announce a positive rns any day now.

[highrisk1] 03/6/2024 10:47

News not far off, best time to get in now.

[argyle underclap] 01/6/2024 14:11

Great posts. Thanks.

Extraordinary opportunity here for tiny TYM. (Near £3m MC)

Incredibly has (FIVE!) licenses in Zambia - where the majors are scrambling for ground - all with compelling data, one already JV’d and drilling, and another one in negotiation.

If a bull mkt was in full stampede I doubt this would be less than £10m MC already, probably significantly more.

But we’re not, and that presents some rare ground floor opportunities.

I added last week

[the count of monte_cristo] 01/6/2024 11:20

Some key extracts from the article below, this is the prize Kobold are drilling for on our license;

“We think the potential for discovery is great. There is a lot more to be found in Zambia,” Josh Goldman, president of KoBold Metals, told CNBC via videoconference

“The central African copper belt is the part of the world where you can find things of this extraordinary grade. And that’s why we are there. The geology is extraordinary,” he said.

“It is not just that there haven’t been deposits like this. It’s that there are more to be found. Here is Mingomba — and then where is the next Mingomba after this? This is the part of the world and style of deposit where we can find resources of this scale and quality, and Zambia provides an operating environment that is really extraordinary,” he added.

‘The potential for discovery is great’
KoBold Metals said that most copper currently being mined has an ore grade of around 0.6%, whereas its Mingomba deposit has copper ore grades of more than 5%.

“That means that you have to mine a lot less rock in order to get the same amount of copper,” Goldman said.

[the count of monte_cristo] 31/5/2024 14:04

KoBold is on record as saying that it intends to develop Mingomba into one of the world’s top-three high-grade copper mines by the early 2030s. The company has launched a deep drilling programme at Mingomba and – at last count – had six rigs on site working around the clock. Total drilling at the site has now exceeded 30 km, with some holes going down to a depth of 2 km.

Earn-in agreement is the best way forward
The big development regarding Konkola West is that Tertiary and Mwashia have signed an earn-in agreement with KoBold which will see KoBold drilling at least two deep holes at the property within 14 months. The cost of the drilling is estimated by Tertiary Minerals at around US$2 million.