IMPORTANT NOTICE | Mayberry Investments Limited is a cashless institution.

Mayberry Investments Limited is a cashless institution.
Please note that cash deposits into any Mayberry account held at commercial banks, whether made in-branch or via Automated Banking Machines (ABMs), are not accepted and will not be processed. For information on accepted payment methods, please contact your Investment Advisor.

Local mining & exploration company unearths potential profits

January 04, 2021

Minister of Transport and Mining, Robert Montague is reporting that exploration work being done by Geophysx Jamaica Limited, the company is licensed by the Ministry and the National Environment and Planning Agency (NEPA), to explore copper, zinc, gold and other minerals, is showing positive indications.

Geophysx is a mineral exploration group which conducts exploration using modern, yet economically, ecologically and sociologically sustainable techniques.

The minister, who was addressing a press conference to update the country on the next phase of surveys by the company, said the work has shown that “there is something else.” He added, “We are moving to confirmation, and it will expand employment for our people, and we will earn foreign exchange for the country. There are exciting times ahead for mining once we complete phase three of the Geophysx Project.” Minister Montague stated that based on the results that Geophysx have in hand, he is very hopeful that they are going to “find some things”. He went on to say, “We are going to push this and ensure that the environmental standards are maintained and kept.”

In the earlier phases of the surveys, Geophysx presented data to the National Water Commission (NWC) showing maps that indicate the precise locations of where significant volumes of water are being held underground.

Montague also reported that since the start of 2021, Jamaica has produced over 200,000 tonnes of exportable, and high-quality limestones, 10,000 tonnes of limestone sand, and 10,000 aggregates, noting that the mineral sector is “very active” and “stood up” to the coronavirus (COVID-19) pandemic in its performance.

Disclaimer:

Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer(s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view(s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

More Stories from the Market
shutterstock_453968572
June 10, 2026   United States: US Inflation Accelerates to Three-Year High, Eroding Paychecks   US inflation accelerated in May to…
shutterstock_148562033
June 9, 2026   Pan Jamaica Group Limited (PJAM) has advised that on June 8, 2026, a connected party sold 22,442 PJAM shares and a senior of…
shutterstock_367343003
June 09, 2026 Net International Reserves – May 2026 BOJ has reported that Jamaica’s Net International Reserves as at May 31, 2026, stood at US$6…
shutterstock_453968572
June 9, 2026   United States: US Trade Gap Narrows as Oil Exports Offset AI-Driven Imports   The US trade deficit narrowed in Apri…
shutterstock_148562033
June 8, 2026   JFP Limited (JFP) has advised that a Director sold 271,910 JFP shares on June 3, 2026.   Disclaimer: Analy…
shutterstock_148562033
June 8, 2026   Supreme Ventures Limited (SVL) has advised that on June 5, 2026, a senior manager purchased 7,752 SVL shares.   …
shutterstock_537598660
June 08, 2026 Weekly Pick 08.06.2026 WISYNCO Disclaimer: Analyst Certification -The views expressed in this research report accurately reflec…
shutterstock_453968572
June 8, 2026     United States: Treasuries Drop as Jobs Data, Iran Tensions Fuel Rate Hike Bets   Treasuries fell as …