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Company Profile
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.
In 2008 the Company acquired the Storuman fluorspar project, where it is advancing scoping studies having recently completed drilling and initiated a metallurgical testwork programme.
The Company portfolios includes world-class exploration targets in the politically stable Nordic countries and is in the process of conducting feasibility studies for development of the world's largest deposit of tantalum-niobium (and rare-earths) in Saudi Arabia in conjunction with its 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.
The Directors policy is to progress its "flagship" projects towards production and to maintain a portfolio of grass roots to advanced exploration projects such that the Company has, as far as is possible, mature drill-stage projects at all times and thus 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 Diamonds plc and remains a major shareholder in that company.
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