Tertiary Minerals Company portfolio also includes exploration targets for gold, iron and tantalum in the politically stable Nordic countries and, subject to a resolution of licence issues, the world's largest deposit of tantalum-niobium (and rare-earths) in Saudi Arabia where a development project is being evaluated in conjunction with 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.he Directors’ policy is to progress its "flagship" fluorspar projects towards production and to maintain a portfolio of exploration projects such that Tertiary Minerals Company has, as far as is possible, 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 Resources plc and remains a major shareholder in that company.

Most Read News