Tertiary Minerals

• 14/05/13

  Half Yearly Report

• 09/05/13

  MB Fluorspar Project - Update

• 22/03/13

  Director/PDMR Shareholding

• 18/03/13

  Exercise of Options - Issue of Equity & TVR

• 08/03/13

  Issue of Equity and Total Voting Rights

• 

  14/05/13

  Tertiary Minerals expects MB fluorspar drilling in June or July

• 

  09/05/13

  Tertiary Minerals gearing up for drilling at MB fluorspar project in US

• 

  06/03/13

  Tertiary Minerals fundraise to boost fluorspar projects

• 

  12/02/13

  Tertiary Minerals: New fluorspar estimate confirms MB project’s world class potential

  Tertiary Minerals has revealed the hotly anticipated tonnage and grade estimate which has confirmed the world class potential of the MB fluorspar project, in Nevada.

• 

  12/02/13

  Tertiary Minerals reveals hotly anticipated MB fluorspar estimate

  The report suggests potential for at least 8 mln tonnes of contained fluorspar, Tertiary said, and that it is double the amount of fluorspar resources at the group’s two Scandinavian projects combined.

• 

  31/01/13

  Tertiary Minerals expects delayed fluorspar report in seven days

• 

  21/12/12

  Tertiary Minerals makes first dip into equity finance facility

• 

  14/12/12

  Tertiary Minerals awaits fluorspar tonne and grade estimate

• 

  13/12/12

  UPDATE: Tertiary Minerals' momentum to continue, Seymour Pierce predicts

• 

  13/12/12

  Tertiary Minerals upbeat about fluorspar prospects

• 

  29/11/2012

  Stocktube video - Tertiary Minerals says Nevada MB project may be world class potential asset

  Patrick Cheetham Exec Chairman of Tertiary Minerals (LON:TYM) tells Proactiveinvestors that the results of its due diligence review which defines a major fluorspar deposit, that the company believes, could have world class potential. Patrick says it will certaily dwarf the Scandanavian assets the company owns.

• 

  15/05/13

  Beaufort Securities Breakfast Today including Tertiary Minerals, BG Group and Babcock International
• 

  14/05/13

  Bullabulling Gold, Gemfields, Minera IRL, Tertiary Minerals and others feature in Fox-Davies Newsflash
• 

  10/05/13

  Beaufort Securities Breakfast Today including Tertiary Minerals, Provident Financial and Barratt Developments
• 

  09/05/13

  Today's Market View Including Tertiary Minerals, London Mining, Antofagasta Plc and Eurasian Natural Resources
• 

  09/05/13

  Aureus Mining, Kalimantan Gold, London Mining, Minera IRL and others feature in Fox-Davies Newsflash

• 28/08/12

  28.08.12 :-0.12, (5.88) Seymour Pierce reiterates its "buy" rating and raised its price target to 30p from 25p.

  28.08.12 :-0.12, (5.88) Seymour Pierce reiterates its "buy" rating and raised its price target to 30p from 25p.
• 08/08/12

  +0.25 +5.25

  Seymour Pierce reiterates its "buy" rating but cut its price target to 25p from 31p.

  Seymour Pierce reiterates its "buy" rating but cut its price target to 25p from 31p.
• 31/10/11

  +3.63 +9.13

  Press: Tertiary Minerals rose on news of positive drilling results at a project in Sweden. The public mineral exploration and development... read more

  Press: Tertiary Minerals rose on news of positive drilling results at a project in Sweden. The public mineral exploration and development company said it had uncovered substantial extensions to the fluorspar mineralisation at its wholly owned Storuman project. Source - Financial Times
• 26/08/10

  +1.00 +5.38

  an article in the Mail reports: Tertiary Minerals rose 1.62p to 4.00p after a bullish report from broker Seymour Pierce which values the shares at 13p each. Dealers... read more

  an article in the Mail reports: Tertiary Minerals rose 1.62p to 4.00p after a bullish report from broker Seymour Pierce which values the shares at 13p each. Dealers also reckon the company will soon resolve licence issues at its Saudi Arabian tantalum deposit.
• 24/01/08

  +0.75 +7.88

  higher in midafternoon deals, as it won an exploration licence covering a major deposit of fluorspar, prompting Seymour Pierce to keep... read more

  higher in midafternoon deals, as it won an exploration licence covering a major deposit of fluorspar, prompting Seymour Pierce to keep ?buy? on the stock. At 1.46 pm, Tertiary Minerals shares were 1.375 pence higher on 8-1/2 pence, as the FTSE Small Cap index rose 40.50 points to 3,097.40. Earlier today, the company said it won an exploration licence covering a major deposit of fluorspar near Storuman in the Vasterbotten district of Northern Sweden, and plans to start drilling and conduct metallurgical testwork as soon as possible. It said its conceptual target for mining operation is producing at least 100,0000 tonnes per annum of acid grade fluorspar, which currently sells in Europe for over 300 usd per tonne, more than double the price some few years ago. Reacting, Seymour Pierce, keeping ?buy?, noted that testwork to date has shown that the ore can be used to produce acid grade fluorspar, the key product required by end users. It added that with the European market for fluorspar looking strong, in its view, the licence looks to be a good addition to Tertiarys portfolio.

Tertiary Minerals plc (ticker symbol ‘TYM’) is an AIM-quoted mineral exploration and development company building a significant strategic position in the fluorspar sector. Fluorspar is an essential raw material in the chemical, steel and aluminium industries and Tertiary controls two significant Scandinavian projects (Storuman in Sweden and Lassedalen in Norway). 

A European Commission report has named fluorspar as one of its 14 'critical mineral raw materials' for which a predicted supply shortage would represent a substantial economic threat. The fluorspar market is going through a ‘paradigm shift’ – with China evolving from a large net exporter to a potential net importer. Tertiary Minerals plc is one of a limited number of listed companies offering exposure to looming fluorspar market shortage.

The Company has diversified its risk with projects in a variety of commodities in Finland and Saudi Arabia. Shares in the Company trade on AIM .

Storuman Fluorspar Project

Introduction

Tertiary Minerals holds an exploration licence covering a major deposit of fluorspar near Storuman in the Västerbottens district of Northern Sweden. Fluorspar is the commercial name for the industrial mineral fluorite (calcium fluoride - chemical formula CaF2) which is an essential raw material in the chemical, steel and aluminium industries. Tertiary controls an estimated four million tonnes of fluorspar across its two Scandinavian projects (Storuman in Sweden and Lassedalen in Norway).

Location

The deposit is located in an area with well-established infrastructure. It is located adjacent to a sealed highway and only 25 km from the regional town of Storuman which is connected by rail and a sealed highway to the city and port of Umeå on the Gulf of Bothnia. The sealed highway continues in the opposite direction to the ice-free port town of Mo-I-Rana in Norway. There are also sealed highway routes to the major regional port of Skellefteå. Each of these three named ports is roughly 250km from the project site.

Mineralisation

The basis for the Storuman Project is a large area of flat lying, sandstone hosted fluorspar mineralisation that extends over an area of at least 3.6 km by 1.2 km where the mineralised horizon is typically 3-10 m thick. The mineralisation has been defined (but not closed off) by 95 drill holes; 39 completed by Gränges International Mining in the 1970s; 10 by Tertiary Minerals in 2008 and 46 by Tertiary Minerals in 2010.

Mining

A conventional open pit strip mining operation of 1.0 million tonnes per annum (Mtpa) is envisaged for the Project, with a life of mine exceeding 20 years. Waste rock material generated from the stripping operations will be used to construct the tailings storage facility and excess waste material will be directly backfilled into the open pit during operations, effectively progressing pit closure during mining operations.

The primary mining operations will consist of drilling, blasting, loading and hauling of ore and waste materials with free digging envisaged for the glacial till and shale overburden. Mining is envisaged to be undertaken by a mining contractor to reduce pre-production capital expenditure.

Based on a preliminary Whittle pit optimisation carried out by SRK in March 2011, a total mineable tonnage of 27.8 Mt grading 10.2% CaF2 and producing 2.3 Mt of concentrate can be economically extracted using the Scoping Study metallurgical recovery of 81.9%. The average stripping ratio is 0.8 for the life of mine which equates to 22.2 Mt of waste produced.

For full project details please CLICK HERE.

Lassedalen Fluorspar Project

The Lassedalen fluorspar deposit was mined on a small scale during World War II when it was developed to a depth of 40m below surface and fluorspar was mined from a 560m long drift for use in aluminium smelting.

The mine was dewatered in the 1970s by Norsk Hydro A/S when drilling was carried out from both surface and underground. Norsk Hydro estimated that the most intensively explored section of the steeply dipping Lassedalen vein contained 4 million tonnes of mineralisation, containing 1.2 million tonnes of fluorspar mineral at an average grade of 29% fluorspar (at a cut off of 20% fluorspar over minimum width of 2m). In March 2011 the fluorspar concentrate price for Chinese acid-spar (CIF Rotterdam) is US$460/tonne. Fluorspar mineral concentrate is currently priced at US$350-365 per tonne CIF Rotterdam. The tonnage was estimated from 25m below surface, allowing for a crown pillar, to an average vertical depth of just 200m below surface. Mineralisation is open at depth.

The Company holds exploration permits at Lassedalen that grant exploration rights to claimable minerals (those with a specific gravity of 5g/cm3 or greater) and the Company has secured exploration rights for non-claimable minerals (which includes fluorspar, specific gravity 3.2) from private land and mineral owners under new mining legislation introduced earlier this year.

Where Storuman is a large low-grade deposit mineable by open-pit; Lassedalen is potentially much higher grade and would need to be mined by underground methods due to the surrounding steep topography. Subject to mineral processing testwork results, the Company believes the Lassedalen project may have potential to supply metallurgical-grade fluorspar for the European steel industry, a grade of fluorspar not targeted by the Storuman project, as well as acid-grade fluorspar.

For full project details please CLICK HERE.

Kaaresselkä Gold Project

The Company holds the Kaaresselkä gold prospect in the Lappland Greenstone Belt in Northern Finland. This greenstone belt contains numerous gold deposits including the world-class 3 million+ ounce Suurikuusikko discovery now being developed by Agnico Eagle.

Tertiary has completed two phases of drilling. The best results were obtained from the Vanha zone where a zone of gold mineralisation was defined that is open at depth and along strike. The explored area is just one part of the prospective Kaaresselkä Shear Zone in the 4km long project area now controlled by Tertiary Minerals. The Shear Zone itself is associated with the Sirkka Break, a major geological feature associated with gold mineralisation in Central Lappland.

For more details please CLICK HERE.

Kiekerömaa Gold Project

The Kiekerömaa project is part of the wider gold interests of the Company in Finland which include the Kaaresselkå gold project, 20km to the east.

In April 2011 Tertiary Minerals completed an eight hole diamond drilling programme at Kiekerömaa. The drilling programme, whilst affected by low core recovery, has indicated the potential for a significant gold-bearing sulphide mineralised zone. Extensive core loss in shallow holes suggests deep weathering of hydrothermally altered rocks associated with extensive gold-mineralised zone. It also means that the mineralised zone was not meaningfully sampled in the majority of shallow holes.

For more details please CLICK HERE.

Kolari Iron-Ore Project (Finland)

The Kolari Iron Ore Project is a prime magnetite iron-ore target on the Company's "Sivakkalehto" claim in Kolari at the heart of Finland's main iron ore district.

The "Sivakkalehto" target represents the strongest known magnetic anomaly in the Kolari iron district where magnetite iron ore was last worked on nearby properties in the 1980's by Finnish company Rautaruukki Oy. In assessment, the Geological Survey of Finland (GTK) has reported that geophysical interpretation of this magnetic anomaly suggests that the Sivakkalehto deposit may contain over 200 million tonnes of the iron mineral magnetite within a 2km by 300-500m broad area within Tertiary's claims.

For more information please CLICK HERE.

Rosendal Tantalum Project

The Rosendal claim is located in south-west Finland, on Kemiö Island and was originally discovered by the Geological Survey of Finland (GTK).

Tertiary has carried out a number of drilling programmes at Rosendal. The results of CSMA pit-optimisation studies suggest a limited mine life based on the current block model and the low 2002 tantalum prices. CSMA concluded that a resource of 1mt at an in situ grade of approximately 390 ppm Ta2O5 would be required in addition to higher tantalum prices to progress the project further and that additional drilling at depth may be justified to increase the available tonnage of higher-grade material.

The Rosendal pegmatite is currently open at depth and contains a number of higher grade zones with potential to meet the future requirements for a commercial operation.

For more information please CLICK HERE.

Ghurayyah Tantalum-Niobium-Rare-Earth Project

Ghurayyah is a world-class deposit containing valuable tantalum, niobium, rare-earths, zirconium and yttrium 

Following favourable metallurgical testwork and a successful Scoping Study, further activities have been carried out as part of a Pre-feasibility study including further metallurgical testwork, an environmental scoping study, a location trade-off study and additional resource investigation work.

The conceptual mining rate is 1.52 million tonnes ore per annum over an initial 20 year period although at this rate the known resources should be sufficient for over 200 years of operations.

The project is being funded jointly by Tertiary (Middle East) Ltd together with the consortium of Saudi investors (AH Algosaibi Bros Co and Al Nahla Trading & Contracting Co)

At present work on the project is currently suspended pending the re-issue of an exploration license over the deposit in the names of Tertiary (Middle East) Ltd - a wholly-owned subsidiary of the Company (50%); AH Algosaibi Bros Co (25%); Al Nahla Trading & Contracting Co (25%).

 For full details please CLICK HERE.

Board of Directors

Patrick Cheetham - Executive Chairman 

Patrick Cheetham has a first class honours degree in Mining Geology from the Royal School of Mines, Imperial College, University of London. He is also a former winner of the Cominco (Europe) prize for mining geology. Patrick co-founded Archaean Gold N.L. in 1993 with his wife, Karen. At the 1995 "Diggers and Dealers" mining forum in Western Australia, Archaean Gold N.L. was awarded "Best Junior Explorer of the Year", and in July 1996 it was the subject of a successful $50 million takeover bid by Lachlan Resources NL. Prior to founding Archaean Gold, Patrick was, from 1986 to 1993 joint managing director of Dragon Mining NL, during which time he was responsible for the formation of that company, the identification of and acquisition of its exploration projects, its listing on the Australian Stock Exchange and the subsequent development of its exploration projects. Patrick operated a private mineral exploration company, Sovereign Mining Limited, in the UK from 1983 to 1985 and prior to that worked for Western Mining Corporation in Western Australia, and for Imperial Metals Corporation in British Columbia, Canada.

David Whitehead - Non-Executive Director

David Whitehead joined Tertiary in April 2002 on retiring as Vice President Integration, Exploration and Innovation at BHP Billiton Group Plc, having been with the Billiton Group since 1976. As Chief Executive, Exploration and Development of Billiton Plc from 1997 David created and introduced a market oriented and commercial approach to minerals exploration, involving the formation of strategic alliances with junior exploration companies and the leveraging of group capabilities with funding obtained in venture capital markets. Following the merger of Billiton with BHP David, among other things, lead the team responsible for the integration of the two companies' exploration and development groups. He has a broad range of exploration and general mining and management skills, including experience of project development and operating mine management, having held the position of chief geologist at both the Tynagh and Tara base metal mines earlier in his career.

Donald McAlister - Non-Executive Director 

Mr McAlister is a founding director of the Company and has 19 years experience in all financial aspects of the resource industry. He was until recently finance director of Ridge Mining plc. Prior to that he was finance director of Reunion Mining in 1994 having worked previously at Enterprise Oil plc, Texas Eastern N Sea Inc and Cluff Oil Holdings plc. Donald's experience includes the economic evaluation of gold and base metal mines and the arranging of project finance for feasibility studies and mine developments. He has also been involved in the listing of Reunion Mining plc on the Luxembourg and London Stock Exchanges. He is familiar with all financial aspects of resource companies including metal hedging, tax planning and economic modelling, Reunion Mining. In October 2009 he was appointed to the board of Mwana Africa, as finance director.

Richard Clemmey – Operations Director

A Chartered Engineer with 20+ years’ experience in managing and developing mining projects worldwide for Lafarge Aggregates Ltd, Hargreaves (UK) Ltd & Marshalls PLC.

Colin Fitch MA, LLM, FCIS, Barrister-at- Law - Company Secretary

Colin Fitch is a Barrister-at-Law, and was previously Corporate Finance Director of Kleinwort Benson, Partner and Head of Corporate Finance at Rowe & Pitman (SG Warburg Securities) and Assistant Secretary at the London Stock Exchange. He has also held a number of non-executive directorships of public and private companies, including Merrydown Plc. Since retiring from full time work he is currently non-executive director of African Lakes and was until recently Company Secretary of both Ridge Mining plc and Cluff Gold.

Operations Director 

Richard Clemmey 

Manager Administration

Judith Hayes

Management Accountant

Gwynn Lewis