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An announcement from Tertiary Minerals ( (GB:TYM) ) is now available.
Tertiary Minerals plc has commenced a drilling program at Target A1, part of the Mushima North Project in Zambia, aiming to explore polymetallic mineralization, particularly silver, copper, and zinc. The drilling seeks to expand the known mineralization laterally and at depth, with the goal of establishing an Exploration Target and a maiden mineral resource within the next year. This initiative is expected to enhance Tertiary’s positioning in the mineral exploration industry by potentially increasing its resource base, thereby benefiting stakeholders through future development opportunities.
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 primarily engages in the discovery and development of copper and precious metal mineral resources, with projects located in Zambia and Nevada, USA.
Average Trading Volume: 104,324,897
Technical Sentiment Signal: Hold
Current Market Cap: £3.33M
Find detailed analytics on TYM stock on TipRanks’ Stock Analysis page.