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

From yesterday...

TERTIARYS SUNRISE DIAMONDS ASSOCIATE TO LIST ON AIM ON JUNE 6

Spin-Out Meets Objective Of Building On Value Inherent In Tertiary - Chairman
Search Stepped Up For Advanced Project Capable Of Generating Cash Flow
Several Parties Interested In Joining Tertiary To Fund Ghurayyah Tantalum Project
AIM-listed Tertiary Minerals plc reports that its Sunrise Diamonds plc associate is today completing its previously announced pre-listing placement of additional shares and will be making an application for admission to AIM, with trading in the shares expected to begin on June 6, 2005. Tertiary retains a 26.53p.c. interest in Sunrise.

In the interim statement for the six months ended March 31, 2005, Tertiarys executive chairman, Mr Patrick Cheetham, says the spin-out of the companys diamond interests into Sunrise was part of the objective of building on the value inherent in Tertiary. A large number of shareholders took up their entitlements to new seed capital shares in Sunrise in that offer, to the extent that it was over-subscribed and an additional 10m shares were issued.

This raised over 400,000, some of which will be utilised to cover the cost of Sunrise Diamonds AIM listing. The balance, together with the additional funds raised by the pre-listing share placement, will enable Sunrise to fund its immediate diamond exploration programme in Finland.

Whilst continuing exploration at its existing projects, the company has geared up its search for an advanced minerals project capable of generating cash flow. Andrew Dixon has recently been recruited to the management team to focus this effort, and a number of projects are under active evaluation.

Several parties have expressed interest in joining Tertiary to fund feasibility studies for development of its world-class Ghurayyah tantalum project in Saudi Arabia. The company says there is renewed interest in this 400m tonne project following a recovery in the tantalum market and the countrys adoption of a new mining law.

Tertiary reports a loss of 314,346 for the half year, comprising administrative costs of 186,816, written-off exploration costs of 137,328 and bank interest income of 9,798.

Patrick Cheetham, Tertiarys chairman and chief executive said today: I believe that our present initiative will have a positive impact in the medium term, particularly when retail investors return to the junior mining sector.

Tertiary Mineral : Sunrise to test kimberlites 16:10:00 02/06/2005



Tertiary Minerals said today that Sunrise Diamonds is to test a new cluster of kimberlites discovered in the "diamond window" of Finland. The spin-off from Tertiary Minerals, which lists on AIM on June 6, has raised just over 700,000 to fund its search of the Karelian Craton which experts regard as and one of best areas in the world for diamonds.
A total 400,000 was raised mainly from Tertiary shareholders on a "seedcorn" subscription basis at 1p per share and a further 307,500 last week from institutions and investors at 2p per share with a half warrant to subscribe for additional shares at 3p per share in Year 1 or 5p per share in Year 2.
Tertiary retains a 26.53p.c. stake in the company which with 75.37m shares on listing has a capitalisation of 1.51m at issue price.
Sunrise chairman, Mr. Patrick Cheetham (who also chairs Tertiary) and his wife have jointly bought 6m shares at 1p and the two non-executive directors have also each bought 500,000 shares.
Published geochemical data on indicator minerals suggest that the "diamond window" beneath central Finland may be 90km or more thick - on a par or greater than other cratons in the world containing economic diamond deposits because of its situation within a thick, cool continental crust.
Kimberlites are widely distributed in the Karelian and a higher-than-average percentage contain diamonds.
Project manager of Sunrise is Andrew Dixon, 45, a mineral processing engineer, who has held plant supervisory and management positions with De Beers, Argyle Diamond Mines, Trans Hex and Ashton Diamonds.
Non-executive director Neil Herbert is currently finance director of Kalahari Diamonds, and formerly CFO of AIM-listed Brancote Holdings until its $368m takeover in 2002, and Patagonia Gold from listing in 2003 to its sale nine months later.
Fellow non-executive Francis Johnstone is currently commercial director of AIM-listed Ridge Mining and a non-executive director of Brazilian Diamonds which is actively exploring a number of diamondiferous kimberlites in Brazil.
Draig Mineral Developments, the independent expert, reporting on Sunrise prospects say its main Kuusamo project area is on the southern margin of a province that stretches for over 1,000km from Northern Finland through the diamond bearing regions of Kandalaksha, Terskii Bereg, Arkhangelsk and Central Timan in north west Russia. The largest economic deposits have been found in the Arkhangelsk region, including the Lomonosov diamond mine run by Alrosa and the highly diamondiferous Grib pipe.
Geological conditions considered necessary for formation and preservation of diamondiferous kimberlites occur in the area, states Draig, and the kimberlites have tapped the diamond stability field of the earth's mantle and have not been affected by the diamond destroying processes of high temperatures.
Initial work will be at the three Kuusamo kimberlites discovered last year in a previously unknown cluster and the testing of 45 newly defined targets in the same area of the Karelian Craton. This will involve ground magnetics, deep till sampling, and diamond drilling followed by micro-diamond analysis. There is speculation that the age of some of the Kuusamo kimberlites may be similar to those found near Arkhangelsk in Russia.

ICV Edited News from Dow Jones
1510 GMT Jun 02 2005

I know that I'm possibly the only one banging on about this but maybe somebody out there took note I hope so as +125% on initial offer at launch today!

+300% since my original post. There is much more to come.

Tertiary Minerals PLC
07 December 2005



TERTIARY MINERALS PLC

SAUDI COMPANIES BACK TERTIARY WITH FUNDING PACKAGE

FOR GHURAYYAH FEASIBILITY STUDIES


US$7m Financing Includes Placing of 5 Million Tertiary Shares At 100%
Premium
Tertiary To Retain 50% of World's Largest Tantalum Project after
Bankable Feasibility Study
Local Project Financing Environment May Minimise Equity Requirement On
US$100m Project

Tertiary Minerals plc ('Tertiary' or 'the Company') is pleased to announce that
it has signed a Preliminary Agreement with a consortium of Saudi Arabian
investors ('the Consortium') that will provide a funding package of up to US$7
million for the completion of Preliminary and Bankable feasibility studies for
the development of the Company's world-class Ghurayyah tantalum-niobium project
in Saudi Arabia. Assuming successful completion of these studies a special
purpose vehicle, funded and owned equally by Tertiary and the Consortium, will
be incorporated to develop the Ghurayyah deposit.

The Consortium comprises two of Saudi Arabia's leading family companies -
A.H.Algosaibi & Bros. Co. and AlNahla Trading & Contracting Co. Both are
diversified industrial companies with a range of domestic and international
business interests. This joint venture is believed to be the first minerals
based joint venture to be established between Saudi and foreign companies under
the terms of the current Saudi Investment Code and the newly introduced Mining
Code.

Under the Preliminary Agreement the Consortium will immediate subscribe 500,000
for 5,000,000 new ordinary shares in Tertiary Minerals plc at a price of 10
pence per share, representing a 100% premium over the current market price. The
parties will then seek to implement a binding joint venture agreement based on
the terms of the Preliminary Agreement whereby the cost of the Preliminary
Feasibility study, estimated at US$2,000,000 will be funded US$300,000 by
Tertiary, US$850,000 from the issue to the Consortium of zero-coupon convertible
loan notes and a further US$850,000 direct contribution to the joint venture
expenses from the Consortium. 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 or 80% of the
weighted average market price in the 30 days prior to conversion. The share
placement and full conversion of the loan notes would result in the Consortium
holding a 15% interest in the enlarged issued share capital of Tertiary.
The costs of a subsequent Bankable Feasibility Study, estimated at US$5 million,
will be met 90% by the Consortium and 10% by Tertiary by direct contribution to
joint venture expenses.

On construction, the project partners will seek to maximise the benefit of
favourable debt funding available in Saudi Arabia, including that from the Saudi
Industrial Development Fund and the Al Yamamah Offset programme, which could
reduce Tertiary's project equity requirement to as little as 6.5% of the
US$75-100 million total capital costs of the project estimated in the 2003
Scoping Study.

Commenting today, Mr Patrick Cheetham, Executive Chairman of Tertiary said:
'This agreement is a major step forward in unlocking the huge potential of the
Ghurayyah deposit. The agreement comes at a time when the tantalum market has
substantially recovered from the volatility of the year 2000 'electronics
bubble' and demand is now growing at 5-8% per year. I believe that Ghurayyah has
the potential to become a significant supplier to this exciting market and I
look forward to working with our new partners to bring Ghurayyah to production.'

Tantalum Background

Tantalum's has the ability to store and release electronic charge and its main
use is in the manufacture of capacitors, components that regulate the flow of
electricity in electronic circuit boards. Capacitors are widely used in most
electronic devices, especially mobile phones, digital cameras, DVD,s gaming
platforms and laptops.

Being inert, with a high melting point, tantalum is also used in medical
implants and in special alloys for the aerospace industry where the markets are
also expanding. With increasing demand from China as its processing and
electronics industries develop, demand has recovered to its pre-bubble record
levels. Raw material demand is currently 5,000,000 lbs/year tantalum pentoxide
and growing at an estimated 5-8% per year, after averaging over 8% annual growth
in the 1990's.

Major Western raw material processors currently source the majority of their raw
material supply on long-term contracts from Sons of Gwalia's hard-rock mining
operations in Western Australia. Another significant supplier of raw materials
to the market is the U.S. Defence Logistics Agency, which traditionally sells
around 500,000lbs per annum of tantalum pentoxide in concentrates. However, its
stockpile will be depleted within 12 months at current disposal rates.

Ghurayyah Project

Tertiary Minerals plc's Ghurayyah Ta-Nb-Zr-U-REE
(tantalum-niobium-zircon-uranium-rare-earth element) deposit is located in NW
Saudi Arabia, 55km from the Red Sea port of Dhuba. An Inferred Mineral Resource
of nearly 400 million tonnes grading 245 grammes/tonne of Ta2O5 and 2,840
grammes/tonne of Nb205 is defined by drilling of a 900m diameter plug of
mineralised granite, open at depth. The deposit exhibits remarkable grade
continuity, no internal waste, and can be extracted by cheap open-pit mining
methods. The fine-grained Ta and Nb containing ore-minerals can be concentrated
by flotation with good recoveries with subsequent magnetic separation of a
zircon by-product. A number of different processing routes have been considered
for production of marketable products, including a Fe-Nb-Ta alloy. A detailed
economic and technical scoping study suggests the deposit has commercial
potential as a future source of supply of tantalum, niobium and zircon raw
materials and at an extraction rate of 1.5 million tonnes/year would have a mine
life of over 200 years. The extraction of significant contents of uranium and
rare-earth-element has yet to be evaluated.

what do you think it will go to?

you asking the Kat or anyone? i personally havent a clue, no doubt the Kat will say about 100 quid by t time, lol.

its a rocket, but 10p has been reached too late lads

now you tell me!

i really should get out of the share game....

wait for 8p and then second rally to 12p ;-)

cheers - i already bought at 10p

i'll sell at 12 if it goes there by the end of the day.

what do you think the long term prospects are?

you can buy at 8.61p now

10p is minimum... 15p is quite possible but will take a week or so

Wicked rollercoaster :p

666

Thanks Kat

any other tips for the short to medium term?

TFC tomorrow, expecting trading update and new contract signed... but I am guessing, its certainly bottomed

if your in at 10p you may as well get more to average down.. looks like buyers are returning

eh up, its going up

i think i'm going to hold on a bit longer til the end of the week - i can't see it going lower..... famous last words.

well the papers will certainly mention it ;-) 15p could be sooner rather than later, its all good news