What's Happening?
Tertiary Minerals has raised £100,000 through a placing of new ordinary shares to advance exploration at its Target A1 silver/copper/zinc prospect in Zambia. The funds will support drilling and mineralogical studies aimed at expanding the known mineralization
footprint and working towards an initial mineral resource estimate.
Why It's Important?
The funding enables Tertiary Minerals to continue exploration activities, potentially leading to significant discoveries and resource estimates. This could enhance the company's portfolio and attract further investment, impacting its growth and development in the mining sector.
What's Next?
Tertiary plans to conduct additional drilling before the rainy season in Zambia, with the goal of expanding mineralization and supporting a maiden mineral resource estimate. The company is also undertaking mineralogical work to understand the character of mineralization.
Beyond the Headlines
The exploration efforts reflect broader trends in the mining industry, including the pursuit of new resources and the importance of strategic investments in mineral-rich regions.
