Tertiary Minerals plc

Tertiary Minerals plc

Tertiary Minerals plc ("the Company") is a UK based public mineral exploration and development company. Its shares trade on the Alternative Investment Market of the London Stock Exchange ("AIM") and on PLUS Markets under the trading symbol "TYM".The Company aims to provide capital growth for shareholders through the cost effective exploration and development of mineral deposits. The Company’s objective is to become a major European supplier of fluorspar, an essential raw material for the fluorine chemicals business. In 2008 Tertiary Minerals Company acquired the Storuman fluorspar project in Sweden and, in July 2010, after a programme of drilling and metallurgical testwork completed a positive scoping study for the development of the project.Also in July 2010 Tertiary Minerals Company acquired rights to explore the Lassedalen fluorspar project in Norway which it intends to evaluate as a second potential fluorspar mining operation.

Tertiary Minerals Company portfolio also includes exploration targets for gold, iron and tantalum in the politically stable Nordic countries and, subject to a resolution of licence issues, the world's largest deposit of tantalum-niobium (and rare-earths) in Saudi Arabia where a development project is being evaluated in conjunction with Saudi joint venture partners. The Company is currently awaiting the re-issue of an exploration license over Ghurayyah before continuing further work on this project.he Directors’ policy is to progress its "flagship" fluorspar projects towards production and to maintain a portfolio of exploration projects such that Tertiary Minerals Company has, as far as is possible, continuing exposure to the opportunity for the discovery of commercial ore-bodies.The Company also works through joint venture or farm-in agreements with other mineral companies on its projects where this would allow it to accelerate exploration and/or development of a project beyond the financial resources available to it, or in order to explore further its projects at minimal cost.In 2005 the Company sponsored the formation and AIM admission of Sunrise Resources plc and remains a major shareholder in that company.

Contact Details

Office Address

Tertiary Minerals plc
Sunrise House, Hulley Rd.
Macclesfield, Cheshire, UK SK102LP
Phone: +44-1625-626-203
Fax: +44-1625-626-204

Executives

Executive Chairman

Patrick L. Cheetham

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