tiprankstipranks
Tertiary Minerals Forms Joint Venture for Zambia Copper Project
Company Announcements

Tertiary Minerals Forms Joint Venture for Zambia Copper Project

Tertiary Minerals (GB:TYM) has released an update.

Don't Miss Our Christmas Offers:

Tertiary Minerals PLC has announced a joint venture with First Quantum Minerals Limited for the Mukai Copper Project in Zambia, with First Quantum funding a minimum of $1.5 million in exploration expenditures over an initial 24-month period. If successful, the partnership aims to rapidly develop new copper resources to supply First Quantum’s Sentinel processing plant, which has the capacity to process 55 million tonnes of ore annually. The deal includes potential payments to Tertiary’s subsidiary totaling up to $2 million, contingent on reaching certain resource and mining milestones.

For further insights into GB:TYM stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskTertiary Minerals Advances Zambian Copper Projects with Industry Partners
TipRanks UK Auto-Generated NewsdeskTertiary Minerals Completes Initial Drilling at Brunton Pass
TipRanks UK Auto-Generated NewsdeskTertiary Minerals Announces Total Voting Rights
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App