Tertiary Minerals starts drilling at Nevada as FY pre-tax losses widen

By Liz Gyekye
Published: Monday, 14 December 2015

The UK-based explorer has followed in the footsteps of many juniors by posting a pre-tax loss for its last financial year. However, this has not stopped the firm from pushing forward with its US-based MB fluorspar development by commencing a phase four drilling programme at the Nevada site.

AIM-listed Tertiary Minerals Plc has reported a £674,991 ($1.02m*) loss for the financial year ended 30 September 2015, compared to a £358,907 loss the same period last year, due to exploration and administrative costs.

The group is currently in the early stages of the mining development cycle and...

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