Executive Summary
Tertiary Minerals plc aims to provide capital growth for shareholders through the costs effective exploration and development of mineral deposits. The Group is involved in exploration and development of tantalum, gold and base metal, projects. The Group has interests in a number of mineral exploration projects in Saudi Arabia, Finland and Sweden including projects at the preliminary economic feasibility stage, projects at the drilling stage and grass roots projects. The Company was formed in August 1999 and became the holding company for Tertiary Gold Limited in September 1999 when all of the shareholders of Tertiary Gold exchanged their shares in that company for shares in Tertiary Minerals. Tertiary Gold was formed in September 1995 and is named after the \Tertiary\ geological time period. Prior to the share exchange Tertiary Gold financed its activities principally through two private equity seed capital fundraisings. It conducts operations in Sweden through a Swedish branch called \Svensk filial till Tertiary Gold Limited, United Kingdom\. Following the acquisition of Tertiary Gold the Company was admitted to trading on the Alternative Investment Market of the London Stock Exchange Limited (\AIM\) on 18 November 1999. It has established its corporate office in Macclesfield, Cheshire.
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