Sign up
Mining Capital
Market: AIM
52-week High/Low: 6.50p / 1.75p
Sector: General Mining - Gold
Market Cap: 6.31M

Tethyan Resources Plc (“Tethyan Resources”) is incorporated in England & Wales (company registration number 3781581) and is a gold and base metals mineral exploration company. Tethyan Resources listed on AIM (TETH.L), the Alternative Investment Market, in 2004.

Sustainability is paramount to all Tethyan Resources activities. The long-term success ofTethyan Resources is connected to our ability to operate in a socially and environmentally responsible way. We are committed to proactively implement sustainable health, safety and environmental management, as well as engage with local communities and all stakeholders.Tethyan Resources’s business philosophy is to adhere to good international best practice (GIIP) and implement the highest standards of corporate governance.

Exploration is conducted in the Balkans, in particular Serbia and Bulgaria where we are acquiring a portfolio of quality precious and base metals projects during this current downturn in commodity prices and the financial markets. The company is sufficiently funded for 2 years to implement its focused exploration strategy, allowingTethyan Resources to be well placed and provide shareholder returns as the market improves.

The last time an opportunity to acquire quality gold and base metal projects such as currently exists was in the ‘bear market’ of 1998 to 2002. During this period a limited number of junior explorers were highly successful in purchasing unloved projects with exploration upside which led to wealth creation for shareholders and investors as the markets corrected and investment in the sector gained momentum.

Tethyan Resources PLC

Interactive graph

col 3
col 4
col 5
col 6

Big picture - Why invest in Tethyan Resources PLC

Tethyan Resources PLC Snapshot



Aurasian Minerals Plc ("AuM") (formerly Triple Plate Junction plc) was incorporated in England & Wales (company registration number 3781581) and is a gold and mineral exploration company operating in South-East Asia. AuM listed on AIM (the Alternative Investment Market) in 2004.

Aurasian’s strategy is focused on South-East Asia, taking advantage of its Partnership with Newmont Mining Corporation (“Newmont”) which holds 22.36% of Aurasian’s issued Ordinary Shares. 


The Newmont Partnership

Newmont is the world’s second largest gold miner, with a market capitalisation of nearly US$ 12 billion and attributable gold production of over 5 million ounces per annum. Aurasian has entered into agreements with Newmont which give it access to Newmont’s exploration databases in South-East Asia, and technical support including the rights to use Newmont’s proprietary very high resolution geochemical exploration technology.


Geological Prospectivity

The mineral development strategy of Aurasian is focussed on South-East Asia which is well recognised for its mineral potential. The region hosts some of the world’s largest mineral deposits with tier-1 base and precious metals, coal and bauxite resources. Despite the prospectivity of the richly-endowed island arc belts of South-East Asia, many regions remain underexplored by modern techniques.



The Aurasian partnership with Bruce Kay, Paddy Waters and Jon Loraine gives Aurasian access to many years of successful exploration experience across South-East Asia. This team was responsible for the discovery of the Phu Kham copper-gold mine in Lao, and the Martabe gold mine in Indonesia.



Aurasian has entered into agreements with Newmont to work in partnership with it in exploring for gold in South-East Asia. As part of this partnership, Newmont has granted Aurasian the rights to utilise Newmont’s proprietary very high resolution geochemical exploration technology. This has been extensively proven by Newmont in making many important mineral discoveries and Aurasian intends to use this technology as a core element of its exploration activities.


AuM intends to use its assets to build a significant gold producer, based on continuous identification, assessment, analysis and negotiation of controlling interests in first class gold deposits and areas with exceptional exploration potential.




South-East Asian Projects

AuM has over the last few years had projects in Papua New Guinea and Vietnam. In 2014 it has added projects in Mynamar, Lao PDR, Cambodia, Indonesia and Malaysia.



Newmont Mining Corporation is a gold producer, with significant assets or operations in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand and Mexico.

Founded in 1921 and publicly traded since 1925, Newmont is one of the world's largest gold producers and is the only gold company included in the S&P 500 Index and Fortune 500. Headquartered near Denver, Colorado, the company has over 35,000 employees and contractors worldwide.

Aurasian Minerals is working with Newmont Mining Corporation on our project in Morobe, Papua New Guinea.



Barrick Gold Corporation is a gold industry leader, with interests in 25 operating mines and a pipeline of projects across five continents, in addition to large land positions on some of the most prolific mineral districts.

Barrick has the industry's largest production of 7.42 million ounces in 2009 and its largest reserves of 139.8 million ounces, in addition to 6.1 billion pounds of copper reserves and 1.06 billion ounces of contained silver within gold reserves as at December 31, 2009.

Aurasian Minerals is working with Barrick Gold Corporation on our project in Wamum, Papua New Guinea.



Newcrest Mining Limited is Australia's largest gold producer and one of the world's top 10 gold mining companies by production, reserves and market capitalisation.

Newcrest has a portfolio of low-cost long life operating mines, a strong pipeline of growth projects and highly prospective brown and greenfield exploration projects.

Newcrest's world-class exploration team has an enviable track record of discovery as all Newcrest's mining projects were discovered by the company.

Headquartered in Melbourne, Australia, Newcrest is among the top 20 companies listed on the Australian Stock Exchange by market capitalisation, and has around 5,100 employees and long term contractors.

Aurasian Minerals has signed Heads of Agreement with Newcrest Mining Limited to work on our project in Manus Island, Papua New Guinea.


Niuminco Group

Niuminco Group Limited is an Austrlain mining group (ASX Code: NIU, and POMSoX Code: NIU) ( that holds prospective exploration areas and mining leases in Papua New Guinea..

Niuminco holds exploration licences at May River and Bolobip, and mining leases at Edie Creek. The Group has also acquired a controlling interest in TNT Mines Limited (TNT), a tin, tungsten, fluorspar and magnetite exploration company with assets in Tasmania.


Chris Goss - Non-Executive Director

Chris BA, MA, retired in May 2010 from the IFC (International Finance Corporation), the private sector arm of the World Bank Group and a leader in project finance in emerging markets. Since 2006 he worked in London leading the IFC's business development for mining, oil and gas companies and managed the relationships with major IFC clients headquartered in London, including Rio Tinto, Anglo American and Lonmin. Prior to that he led IFC mining transactions in Africa, Russia, Central Asia and Latin America. Earlier in his career, Chris was with the Commonwealth Secretariat, advising African governments in natural resource policy and negotiations in Ghana, Tanzania, Mozambique and Swaziland.



Patrick Gorman - Non-Executive Director

Patrick BSc, ARSM, MSc, CEng, MIOM3, EurIng, JP is a mining engineer with almost 35 years of managerial, technical and project experience. Since 1975 he has worked in operations, carried out applied R & D, and has managed development programmes, feasibility studies, conceptual evaluations, scoping and acquisition studies and provided post privatisation support and technical audits for project financing. He has carried out feasibility studies in Chile, Zimbabwe, Venezuela and Cuba and worked in technical redevelopment programmes in Kosovo, China, Russia and Kazakhstan.



Tony Shearer - Non-Executive Chairman

Tony FCA, was until 2005 Chief Executive of Singer & Friedlander Group plc, before which he held a number of senior executive roles in leading financial institutions including Finance Director and Chief Operating Officer of M&G Group plc and Deputy Chief Executive of Old Mutual International. Tony is, and has been, non-executive chairman or a non-execuitve director of a number of companies, including other AIM, and UK Official List companies .


For details of Senior Management please click here


Last updated 20 May 2014



Since the Placing on 27th September 2011 only Newmont Ventures Ltd, Frank Brewer, Close Asset Management, Alan Fairless and the Fox Family have advised us of any change in their holdings, and these %s are reflected in the table above. Accordingly the other holdings in the table above are based on the number of shares held, and the number of issued shares, before the Placing, and may have been diluted or may have been increased as a result of the Placing.


Information taken from company website 04.06.2014

Registered Office

Aurasian Minerals PLC is registered and Incorporated in England and Wales, Company Registration No.3781581 at the following address:


Aurasian Minerals Plc

Care of Gowlings (UK) LLP

15th floor, 125 Old Broad Street

London EC2N 1AR

United Kingdom



Gowlings (UK) LLP

15th floor, 125 Old Broad Street

London EC2N 1AR

United Kingdom



UHY Hacker Young LLP

Quadrant House

4 Thomas Moore Square



United Kingdom



Neville Registrars Limited

Neville House

18 Laurel Lane


West Midlands B63 3DA

United Kingdom


Last Updated: 19th April 2012

Tethyan Resources PLC Timeline

View All

Market Reports Including TETH


Executive video interviews


© mining Capital 2017

Mining Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed mining companies to interact with institutional and highly capitalised investors.
Headquartered in London, Mining Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.