Tertiary Minerals PLC reported "extremely encouraging" preliminary copper results from its Mushima North project in Zambia, including a best intercept of 95m at 0.41% copper and high indicative silver values, despite an early halt to drilling due to heavy rains. These findings extend known mineralisation and will underpin upcoming JORC Exploration Target work to assess resource potential, with further drilling and technical studies planned to resume after the rainy season.
Tertiary Minerals PLC (AIM:TYM) reported "extremely encouraging" preliminary copper results from its Mushima North project in Zambia, despite an early halt to Phase 3 drilling due to heavy rains. Key findings include a best intercept of 95m at 0.41% copper from 10m downhole and high indicative silver values up to 246g/t, consistent with prior pXRF work. These initial results extend the known mineralization area and support the company's current exploration model. The positive preliminary data underpins the next phase of technical studies, including critical JORC Exploration Target work, which will provide guidance on Target A1's resource potential in terms of tonnage and grades. Managing Director Richard Belcher noted that additional activities originally scheduled for 2026 would be brought forward, demonstrating management's confidence and proactive approach. Fieldwork is slated to resume after the rainy season, with further drilling planned for the dry period. The "strongly positive" sentiment and "optimistic" tone surrounding these results suggest significant potential for Tertiary Minerals. While operational delays due to weather are a short-term challenge, the robust preliminary findings in a key commodity sector like copper and silver indicate a promising outlook for resource definition and future development, aligning with themes of Commodities & Raw Materials and Company Fundamentals.
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Overall Sentiment
strongly positive
Sentiment Score
0.80
