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A bright new dawn for Sunrise Diamonds (TYM)     

joehargan1 - 31 May 2005 21:03

Sunrise Diamonds - the spin off of Tertairy Minerals potentially Diamond bearing kimberlite fields in Finland will launch on the AIM, 6th June after being hugely oversubscribed. Tertiary will retain a stake in Sunrise.

TYMs last drill report confirms the findings of a highly promising find and the capital raised will fund critical phase 2 trials leading to potential industrial level production. The field is enormous containing numerous targets...expect an audacious debut and get on early if you can. The likelihood of a positive find is high.....read on from the company's technical report...

Study Confirms Kimberlites Tapped Diamond-Favourable Source Rocks
Claim Holding Extended To Total 30 Untested Targets
Possible Link To Russian/Arkhangelsk Diamond Fields
Tertiary Minerals plc (the Company) is pleased to report the positive findings of an independent study on the diamond potential of its Kuusamo kimberlite project in Northern Finland.

The report has been prepared by an international kimberlite specialist at the Geological Survey of Finland (GTK). The data in the report is based on relatively limited sampling of the three kimberlites discovered so far but supports the following important conclusions:

the geological conditions considered necessary for the occurrence of diamondiferous kimberlites occur in the Kuusamo area
the newly discovered kimberlites have tapped the diamond stability field of the earths mantle
the mantle tapped by the kimberlites contain both types of potential diamond-hosting mantle materials - harzburgite and eclogite and the mantle has not been affected by diamond destroying processes.
The statistics for kimberlite clusters show that any given cluster can contain a spectrum of kimberlite from those containing no microdiamonds to those with commercial diamond contents. Similarly individual kimberlite intrusions can be multi-phase, with some phases containing diamonds, others none.

The GTK report concludes that the lack of micro-diamonds in the kimberlite samples tested to date does not necessarily limit the prospectivity of any future kimberlite discoveries in the area.

The report also concludes that the results are .exciting in that it is likely that an entirely new cluster of kimberlites (the Kuusamo cluster) has been discovered and that typically there are 10-50 kimberlites in a cluster.

Tertiary considers that the results of the GTK study considerably enhance the potential of the untested targets in the Kuusamo area. The company has recently expanded its claims and claim reservations and now has a further 11 targets (total of 30) under claim or claim reservation in addition to Kalettomanpuro and Kattaisenvaara and existing data strongly suggest that more kimberlites will be discovered.

The report speculates that the Group I Kuusamo kimberlites may have a similar Devonian age to kimberlites found near Arkhangelsk in Russia, also in the Karelian Craton that includes the Lomonosov diamond project run by Alrosa and the highly diamondiferous Grib pipe.

This speculation is based principally on the position of the Kuusamo cluster on the southern margin of the same Devonian kimberlite and alkaline province that stretches for over a 1,000 km from Northern Finland through the diamond bearing regions of Kandalaksha, Terskii Bereg, Arkhangeslsk and Central Timan in NW Russia.

For further information please contact:
Patrick Cheetham, Executive Chairman, Tertiary Minerals plc. Tel: 01625-626203
Ron Marshman/John Greenhalgh, City of London PR Limited. Tel: 020-7628-5518

Technical Note (to accompany New Release of 4 November 2004)

The background to Tertiarys new discoveries is given in various news releases made since January this year. Three separate kimberlites have been intersected in drilling - two at the Kalettomanpuro (KP) site and one at Kattaisenvaara (KV) some 20km away.

It is accepted wisdom that many diamonds (a form of carbon) grew as crystals in the primeval earth as all harzburgitic diamonds are over 3 billion years old. Over time diamonds are only preserved where diamond is stable in preference to graphite (at high pressure and relatively low temperature) and this is usually beneath the old stable parts of the earths crust (cratons) where there is a thick, cool and stable lithospheric mantle keel the so-called diamond stability window. In such windows diamonds are found in mantle containing the rock types harzburgite or eclogite. For diamonds to be found at the surface kimberlitic magma must have risen to the surface through the diamond stability field of the mantle, on the way collecting pieces of the diamond host-rocks, harzburgite and eclogite. As the kimberlite magma ascends these pieces are disrupted, liberating the diamonds. The kimberlite magma must ascend rapidly enough so that the diamonds are preserved in otherwise unstable conditions in the crust.

Thus there are two main pre-requisites for the occurrence of diamonds at or near the earths surface:

Favourable mantle conditions for diamond preservation through geological time (a source of diamonds)
A transport medium (kimberlite magma) that taps the diamond stability field and both collects and preserves the diamonds.
As kimberlites are the main transport medium, a study of the mineralogy and mineral chemistry of kimberlites in any given cluster will provide information on whether that cluster has diamond potential.

The main technical findings of the GTK study are as follows:

The proximity of the Group I kimberlites to Devonian (365 Ma) alkaline complexes, in particular the Iivaara intrusion, raises the possibility that these new kimberlite discoveries are similar in age to those found near Arkhangelsk in Russia
The Group II Kalettomanpuro kimberlite has petrological similarities to the kimberlites in the 1200 Ma Kuhmo cluster, an area currently being explored by European Diamonds Plc and Karelian Diamond Resources Plc, some 150km to the south
The mineralogy and chemistry of phlogopite mica in the kimberlites confirms the original identification as hypabyssal Group I and Group II kimberlites (end member types of kimberlite, both can contain diamonds)
The Group II kimberlite from Kalettomapuro contains significant amounts of G10 (harzburgite) garnets and G9 (lherzolite) garnets and a high ratio of G10/G9. As harzburgite is known to be one of the main diamond source rocks, this indicates a high diamond potential
Compositional data and thermobarometry studies indicate that mantle-derived G10 garnets are derived almost exclusively from the diamond stable portion of the earths mantle
The Group I kimberlites contain both eclogite grains and eclogite xenoliths (eclogite in the mantle is the other main source for diamonds). So far, however, these are of relatively low sodium garnet type
Picroilmenite and pyrope garnet compositional data indicate that metasomatism has not significantly affected the mantle - another positive factor for diamond preservation
Chromites for the KV Group 1 kimberlite plot in compositional fields that indicate shallow sampling
Group 1 kimberlites so far examined show evidence of fractionation implying slower transport to the surface which, in the case of these kimberlites only, suggests any contained diamonds may have been resorbed

Diablo666 - 07 Dec 2005 14:32 - 33 of 49

Kat

Like I said... It's great to finally have some action on the boards....

Keep it up...

666

katcenka - 07 Dec 2005 14:34 - 34 of 49

looks like 12p will be the closing price, with press coverage tomorrow, could well see 15p tomorrow

Kivver - 07 Dec 2005 14:37 - 35 of 49

Diablo - im missing something, can you tell me which one/s have been great. He/she copied and pasted an rns from TYM this morning (brilliant!). Can you show me one share that Kat has tipped and done well???? The oil/mining sector is in a huge bull market at the moment.

katcenka - 07 Dec 2005 14:38 - 36 of 49

bsp ;-)

Diablo666 - 07 Dec 2005 14:38 - 37 of 49

Kat

I'm happy beating the fund managers out there... Don't like to keep my money tide up too much... Personally, I'll be out of this one again soon...

Great ride though... Be looking for another wave elsewhere....

666

Kivver - 07 Dec 2005 14:42 - 38 of 49

oh bsp - the one where you started 5 threads. why???

katcenka - 07 Dec 2005 14:47 - 39 of 49

cause I like to create threads...

kivver go and ave a kipper mate

katcenka - 07 Dec 2005 14:48 - 40 of 49

& they have an option to buy at 15p in future:

"The loan notes will be convertible to ordinary shares in Tertiary at any time prior to completion of the Preliminary Feasibility Study at a price equal to the higher of 15p per share.."

So, even after today's 100% rise, one can still buy well below the 15p option.

Kivver - 07 Dec 2005 14:57 - 41 of 49

Only if you have a KitKat. when you finished you better start a new thread you havent done one for a hour or two.

katcenka - 07 Dec 2005 15:00 - 42 of 49

ooh could be round three for another rally

katcenka - 07 Dec 2005 15:16 - 43 of 49

FTI on the move up again, MM just bought

katcenka - 07 Dec 2005 15:53 - 44 of 49

guys GME, any buying moves the price up,.. it wants to go up, check out the rns just released

Diablo666 - 07 Dec 2005 16:24 - 45 of 49

KAT

Interesting...

666

joehargan1 - 14 Dec 2005 14:12 - 46 of 49

5 pence here we come....

Sunrise Diamonds PLC
14 December 2005



14 December, 2005

SUNRISE ACQUIRES DIAMOND EXPLORATION DATABASE FOR WHOLE OF FINLAND

BHP Billiton Database Gives Sunrise 6 Year Leap-Forward In Exploration
Of Karelian Craton

Consideration Is Five-Year Option On 5m Sunrise Shares At 5p Each

BHP Billiton Has Right To Match Terms Of Any Third Party JV or
Acquisition Offer
_________________________________________________________________________________________

Sunrise Diamonds plc ('Sunrise' or 'the Company') is pleased to announce that it
has signed an agreement with BHP Billiton to acquire exclusive use of BHP
Billiton's diamond exploration database for the whole of Finland. It includes
results from over 18,000 geochemical samples, 25,000 line km of close-spaced
airborne geophysical data, a large archive of ground magnetic and drilling data
and numerous evaluation reports. Sunrise estimates that this extensive database
has a replacement value of over US$10milllion.

Terms for the acquisition are the issue to BHP Billiton of a 5-year option to
acquire 5 million Sunrise shares at 5p each (a premium of 150% to the share
price on 13 December 2005) and granting it the right to match any third party
terms for any future joint venture or acquisition of any Sunrise's diamond
exploration projects in Finland. Should this result in a JV with BHP Billiton
being established, BHP Billiton will also have the right to match the diamond
marketing terms and conditions offered by any third party.

BHP Billiton acquired the diamond database in 2001 as a result of its takeover
of Dia Met Minerals Ltd ('Diamet'), the Canadian exploration company whose main
asset at that time was its Ekati diamond project in the Northwest Territories,
which is now in production. The database was assembled from the results of 6
years' exploration (1994-2000) by Diamet in Finland and includes merged data
from a joint venture with Australia's Ashton Mining. Ashton had been exploring
in Finland since 1986 and had discovered 25 kimberlite pipes, mainly in the
Kaavi-Kuopio area near the south-west margin of the Karelian Craton.

Diamet's exploration activities in Finland were directed by Chuck Fipke, the
pioneering geologist whose discovery of Ekati resulted from his dogged devotion
to tracing kimberlitic indicator mineral trains for many hundreds of miles back
to their source. Diamet's exploration in Finland ended with the BHP Billiton
takeover, but target selection was ongoing until then.

Commenting today, Sunrise Chairman, Mr Patrick Cheetham, said: ' The replacement
value of this database is more than twice our current market capitalisation. It
will help focus our exploration effort in the Kuusamo area where we recently
announced the discovery of micro-diamonds. It also gives us a 6-year leap
forward in target definition and exploration in the remainder of the Finnish
sector of the Karelian Craton. Over the border in Russia the same craton already
hosts producing diamond mines.'


Further Info: Patrick Cheetham, Sunrise Diamonds plc. Tel: +44 (0)1625-505947.
Mobile: +44 (0)7767-458751

John Greenhalgh/Ron Marshman, City of London PR Ltd. Tel: +44 ( 0)20-7628-5518

This information is provided by RNS
The company news service from the London Stock Exchange



| Register | Our Services | About MoneyAM | Terms and Conditions | Privacy Policy | Investment Warning | Content Standards | Corporate Solutions | Advertise With Us |
2005 MoneyAM

katcenka - 16 Dec 2005 07:55 - 47 of 49

Final Results

RNS Number:7648V
Tertiary Minerals PLC
16 December 2005


TERTIARY MINERALS PLC

FINAL RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2005


Chairman's Statement

During 2005 your Company's efforts to enhance shareholder value were rewarded
with the recent announcement of a US$7 million funding agreement with a Saudi
Consortium for the completion of feasibility studies at our Ghurayyah
tantalum-niobium project.

Ghurayyah Project Funding

This agreement demonstrates the underlying value of Ghurayyah and it is a
significant milestone in the development of this major project. The financing
included a placing of shares at a significant premium to the then share price
and allows the Company to retain a 50% interest in the project. It is hoped
that, at the development stage, when bank financing is sought, the favourable
local financing environment could reduce Tertiary's equity requirement to just
over 6% of the overall $US100 million capital cost that was estimated for the
project in the 2003 Scoping Study.

The agreement to fund Ghurayyah comes at a time when the tantalum market has
substantially recovered from the volatility of the year 2000 'electronics
bubble'. Demand has returned to 1999 levels and is believed to be growing at
rates in excess of 5%. On the supply side, concerns remain over future raw
material supplies. The US Defence Logistics stockpile is expected to be depleted
in the near future and the world's leading supplier of tantalum, Sons of Gwalia,
remains in administration.

Sunrise Diamonds plc

Another notable achievement during the year was the re-organisation of the
Company's diamond interests into a separate company, Sunrise Diamonds plc
("Sunrise"), which was admitted to trading on AIM in June 2005.

This was achieved through an entitlement issue of shares to all Tertiary
shareholders and those who took advantage of this opportunity have seen their
Sunrise shares continuing to trade at a premium to their subscription price.
Sunrise has built on Tertiary's initial work with the announcement of further
kimberlite discoveries, one of which contains micro-diamonds. With a direct 26%
equity interest, Tertiary remains the largest shareholder in Sunrise whose
exploration portfolio has recently been enhanced by the acquisition of BHP
Billiton's Finland diamond exploration database, estimated to have a replacement
value of over US$10 million.

Exploration Projects

Turning to our other projects, it was pleasing to report further positive gold
drill-intersections on the Vanha lode at our Kaaresselka gold project in
Finland where further follow up exploration is warranted. Exploration on the
Nottrask nickel project in Sweden, and the Pitkajarvi gold-copper project
in Finland yielded less favourable results and these projects have now been
relinquished.

Drilling of a large iron-oxide related copper-cobalt-gold mineralised system at
Ahmavuoma in northern Sweden was deferred in 2005 but is budgeted for 2006.

Annual Results

The Group reported a loss of #415,803 for the year (2004: #861,081).

In Conclusion

The Company's management has been working hard to advance the Company's major
projects during the year. These efforts have culminated in the listing of
Sunrise Diamonds and the recent announcement of value-adding agreements on
Ghurayyah (and, in Sunrise Diamonds, with BHP-Billiton) and I am pleased to see
a turnaround in the Company's share price. We look forward to working with our
new partners to bring Ghurayyah to production and to building on the Company's
firm foundations.



Patrick L. Cheetham
Executive Chairman
15 December 2005


Further Information:
Patrick Cheetham, Tertiary Minerals Plc. Tel: +44 (0)1625-626203.
Ron Marshman/John Greenhalgh, City of London PR Ltd. Tel: +44 (0)20-7628-5518

Web-site: www.tertiaryminerals.com

Kivver - 16 Dec 2005 10:01 - 48 of 49

copy and paste, copy and paste, copy and paste. ZZZZZZZZZZZZZZZZZZZZ zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz!!!!!!

joehargan1 - 04 Jan 2006 15:54 - 49 of 49

More good news for SDS holders...

January 2006


SUNRISE DISCOVERS NEW KIMBERLITE IN KUUSAMO CLUSTER

Latest Find Results From Follow-Up Drilling Of Geophysical Anomaly

Drilling Extends Minimum Width Of Anomaly 45 Kimberlite To 45m

On-Going Ground Geophysics, Till Geochemistry And Drill Testing

Sunrise Diamonds plc ('Sunrise') is pleased to announce that follow-up drilling
close to the site of its Anomaly 45 kimberlite at Kuusamo in northern Finland
has resulted in a new kimberlite discovery.

The new discovery was made during drill testing of a geophysical anomaly 200
metres away from Anomaly 45 kimberlite. Hole number 45-07-05 was drilled in late
December and intersected 4.4 metres of kimberlite within granite from 12.2-16.6
metres depth down-hole.

The recent short drilling programme was intended primarily to test the extent of
the Anomaly 45 kimberlite, where micro-diamonds were recently recovered (see
News Release of 13 October, 2005) and to investigate the potential for
higher-grade phases. A northeast-southwest traverse across Anomaly 45 kimberlite
suggests a minimum width of 45 metres for this kimberlite in this direction with
both diatreme and hypabyssal phase kimberlite indicated from preliminary
logging. The northwest-southeast extent of the kimberlite is not yet defined.
Detailed logging and sampling of drill core from Anomaly 45 and the latest new
kimberlite discovery will be carried out by diamond specialists at the
Geological Survey of Finland ('GTK') in mid-January, with further micro-diamond
results expected by mid-March.

A programme of magnetic and electromagnetic ground geophysics totalling
approximately 300 line-kilometres is ongoing and forms part of a systematic
investigation by Sunrise of numerous priority targets in the Kuusamo cluster.
The survey includes a detailed survey around Anomaly 45 and 47 kimberlites and
the latest kimberlite discovery.

The GTK, on behalf of Sunrise Diamonds, recently completed detailed till
sampling at several sites as a follow-up to the identification last summer of
kimberlite indicator mineral trains containing diamond-diagnostic G10 pyrope
garnets, kimberlitic ilmenites, chrome diopsides and chromites. Encouraging
preliminary results have been received from picking of heavy mineral
concentrates, with definitive data from microprobe chemical analysis of
kimberlite indicator grains expected in early January.

Commenting today, Sunrise Chairman, Mr Patrick Cheetham, said: ' We are very
pleased to find another kimberlite body at Kuusamo so soon after the nearby
Anomaly 45 and 47 discoveries. This suggests that kimberlite emplacement in this
particular area of the Kuusamo cluster is likely to be more extensive than we
first imagined and we are looking forward to resuming exploration now that the
festive break is behind us.'

Further Info: Patrick Cheetham, Sunrise Diamonds plc. Tel: +44 (0)1625-505947.
Mob: +44 (0)7767-458751

John Greenhalgh/Ron Marshman, City of London PR Ltd. Tel: +44 ( 0)20-7628-5518



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