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Tertiary Minerals ( (GB:TYM) ) has provided an announcement.
Tertiary Minerals plc announced the commencement of its Phase 3 drilling program at Target A1 within the Mushima North Project in Zambia. This program aims to explore further extensions and continuity of mineralization, particularly in high-grade silver and copper zones, with the goal of advancing towards a maiden mineral resource estimate. The drilling is set to begin imminently, with preparations already underway, and is expected to enhance the company’s strategic positioning in the mining sector by potentially increasing shareholder value.
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 a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary products include silver, copper, and zinc, with a market focus on polymetallic prospects in regions like the Iron-Oxide-Copper-Gold belt in Zambia.
Average Trading Volume: 103,864,841
Technical Sentiment Signal: Hold
Current Market Cap: £3.58M
See more data about TYM stock on TipRanks’ Stock Analysis page.