REG - Tertiary Minerals - EPB Approved Mushima North Copper Project, Zambia

Tertiary MineralsAnnouncement

16/01/2023 07:00

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RNS Number : 7404M  Tertiary Minerals PLC  16 January 2023

 

16 January 2023

 

Tertiary Minerals plc ("Tertiary" or "the Company")

 

EPB Approved for Mushima North Copper Project, Zambia

Tertiary Minerals plc is pleased to announce that its local partner and
licence holder Mwashia Resources Ltd ("Mwashia") has now received approval of
the Environmental Project Brief ("EPB") from the Zambian Environmental
Management Agency ("ZEMA") for its Mushima North Copper Projects where the
Company is earning up to a 90% interest.

The Mushima North Project, together with the Mukai Project in Zambia benefits
from a data sharing and technical agreement with global copper producer First
Quantum Minerals Ltd ("FQM"), details for which were announced on 15 September
2022.

Key Points:

·    ZEMA has now approved the EPB for the Mushima North Project.

 

·    This follows approval of EPBs for Konkola West & Lubuila Projects
announced on 24 November 2022.

 

·    The approval process for the EPB for the Mukai Copper Project, our
final outstanding EPB, is at an advanced stage.

 

·    EPB approval is a key approval required before field exploration
programmes can proceed.

 

Commenting today, Executive Chairman Patrick Cheetham said:

"I am delighted to report that we have received EPB approval for the Mushima
North Copper Project where we are currently working through the shared FQM
data in preparation for the coming field exploration season.

On a recent visit to Zambia in December our Exploration Manager recovered
sulphide mineralised drill core from a drill hole completed in the 1960's at
Mushima North which reportedly tested an extensive copper-in-soil anomaly and
intersected wide zones of low-grade copper mineralisation. We will be assaying
this core shortly to validate this early target. I look forward to reporting
back to shareholders  as soon as we have the results."

 

For more information please contact:

 Tertiary Minerals plc:
 Patrick Cheetham, Executive Chairman      +44 (0) 1625 838 679
 SP Angel Corporate Finance LLP

 Nominated Adviser and Broker
 Richard Morrison                          +44 (0) 203 470 0470
 Harry Davies-Ball
 Peterhouse Capital Limited

 Joint Broker
 Lucy Williams        + 44 (0) 207 469 0930
 Duncan Vasey

 

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 which forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this
announcement via a Regulatory Information Service ('RIS'), this inside
information is now considered to be in the public domain.

 

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